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RE: Ripple's co-founders and its CEO are among the richest people on Earth

in #ripple7 years ago

Thanks for sharing the stats on the money these scammers are making off the Ripple hype. It is a crypto bull market and people are piling into anything that makes a little bit of noise. But Ripple coin has no intrinsic value unless it is really being used as a token for money transfer. Ripple currency is not even decentralized and it is far away from the concepts of cryptocurrencies. It is one of the biggest scam in blockchain world. Be very careful and make the money and exit. Ripple company may be valuable as they are getting good support from banks but that won't make you rich who is buying Ripple tokens with no value. I am sure these founders will dump Ripple soon and make tons of money.

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Yes, yes and yes!
It's just a matter of time that XRP (the coin) will be taken down. Even if they finally find a use of it, it will be too late: the SEC will sue them for proposing an investment token not backed by any performance for several years.

I wrote a short article about my thought on Ripple and XRP. Feel free to give it few minutes of your attention:
https://steemit.com/ripple/@pada-1/my-thought-about-ripple-xrp