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Ripple never had an ICO - check your facts Ripple doesn't hold 60% they hold 50% The purpose of the 50% they still hold is public know since the very first da
by noxer 7y ago
Ripple never had an ICO - check your facts
Ripple doesn't hold 60% they hold 50%
The purpose of the 50% they still hold is public know since the very first days. They SHOULD use it to push the adoption of the XRP Ledger. Period. People hate Ripple for selling/donating their XRPs, funding great stuff like Coil with it that obviously somehow uses XRP but that is exactly what they HAVE to do. Heck the whole company was made for that. The XRPL devs made a better Bitcoin and wanted it to be used. How evil from them. /s
The whole security thing is nonsense. Someone bought XRP high and sold low got made and sued. Pathetic. He didn't even bought them from Ripple.
- troydavis 7y agoI’m not and don’t claim to be an expert. That’s one reason I don’t have (and didn’t give) an opinion about the lawsuit. Regarding the lack of an ICO, you’re correct. Others have called XRP a perpetual coin offering[1] since Ripple clearly raised money from investors, but you’re correct that’s not an ICO by name. The rest of my comment was just direct citations, so direct your sarcasm at them. [1]: “Ripple Hit With Class-Action Suit Over ‘Never Ending ICO’”: https://www.bloomberg.com/news/articles/2018-05-04/ripple-hit-with-class-action-suit-over-never-ending-ico https://www.bloomberg.com/news/articles/2018-05-04/ripple-hi...