Yes.. let's buy a coin which is 98% premine by a company. It must make people feel nice to know you are trading $Fiat for magical coins so some executive can afford a private jet.
You cannot premine a non mineable coin. As NEM investor you should know that
Further more, only 27% of coins have currently been distributed because its still in Beta and they dont want to screw distribution like many other coins did (will not name names but we know that some coins got distributed to only 5 friends of founder, or even possible that founder was all of those 5 friends).
On top of that, out of 27 billion currently distributed coins over 10 billion was donated to good causes (9 billion by CEO or his entire stash, and around 1 billion by Jed McCalleb who might donate rest of it too) so that makes Ripple the
MOST altruistic coin out there. More money was donated by Ripple then is currently largest investment round in any of BitCoin companies.
What astonishes me the most is complete ignorance of most of Crypto community. Did you know that Ripple White Paper was created in 2005 and was
PRIMARY tool used by Satoshi to make Bitcoin? Without Ripple there is
NO ANY OTHER CRYPTO, full stop.