XRP isn't a memecoin. It's a scam coin.
This thread will burn some bridges.
Thread detailing 5 reasons why $XRP is a scam, why the founders or Ripple Labs are Bitcoin's biggest enemy, and why it's the WORST altcoin on the market
1. The first 32,000 ledger entries were "lost".
WTF does that mean? Either it's incompetence or nefarious. There's really no way to trust or verify the XRP ledger or what happened with the coin in it's infancy. This alone is totally unacceptable.
But it gets worse...
2. XRP is no way a decentralized digital asset. Ripple Labs, creator of XRP, owns over 44% of XRP's tokens. If you include the founders of XRP, well over 50% of the supply is owned by a few insiders and they were acquired from the pre-mine. Totally unethical and centralized.
3. XRP is just a unregistered security. While they recently won a battle with the SEC, they aren't out of the woods yet. This is not an organic crypto project or something led by a community. Ripple is a company that sells a shitcoin. They employ a CEO, PR team, etc.
4. XRP employs a marketing and PR team to sabotage Bitcoin. Ripple Co-founder, Chris Larsen, donated $5M to Greenpeace to commission this art piece and PR campaign to spread LIES about Bitcoin's energy use. Even though BTC mining is GOOD for the environment and power grid.
5. Ripple's strategy to pump their price is to cozy up to politicians that hate Bitcoin and actively pursue public policy initiatives opposed to BTC adoption. XRP supports politicians OPPOSED to not only Bitcoin but the entire crypto industry.
I saw this non crypto being born. Soon new questions and unconventional content 👍
Thread detailing 5 reasons why $XRP is a scam, why the founders or Ripple Labs are Bitcoin's biggest enemy, and why it's the WORST altcoin on the market
1. The first 32,000 ledger entries were "lost".
WTF does that mean? Either it's incompetence or nefarious. There's really no way to trust or verify the XRP ledger or what happened with the coin in it's infancy. This alone is totally unacceptable.
But it gets worse...
2. XRP is no way a decentralized digital asset. Ripple Labs, creator of XRP, owns over 44% of XRP's tokens. If you include the founders of XRP, well over 50% of the supply is owned by a few insiders and they were acquired from the pre-mine. Totally unethical and centralized.
3. XRP is just a unregistered security. While they recently won a battle with the SEC, they aren't out of the woods yet. This is not an organic crypto project or something led by a community. Ripple is a company that sells a shitcoin. They employ a CEO, PR team, etc.
4. XRP employs a marketing and PR team to sabotage Bitcoin. Ripple Co-founder, Chris Larsen, donated $5M to Greenpeace to commission this art piece and PR campaign to spread LIES about Bitcoin's energy use. Even though BTC mining is GOOD for the environment and power grid.
5. Ripple's strategy to pump their price is to cozy up to politicians that hate Bitcoin and actively pursue public policy initiatives opposed to BTC adoption. XRP supports politicians OPPOSED to not only Bitcoin but the entire crypto industry.
I saw this non crypto being born. Soon new questions and unconventional content 👍
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.1992
-1.97%