It's a fiat currency that they created 100 billion of. They want it to be worth something (since they control it) so they are giving away a pittance promotional

It's a fiat currency that they created 100 billion of. They want it to be worth something (since they control it) so they are giving away a pittance promotionally (plenty of millions, but they own 100 billion granted to themselves.) "promotionally." I'd be very very wary of any company creating cryptographic currency with no real benefit over bitcoins, especially when they own the "genesis" block that will become worth enormous amounts when they get enough popularity/trust from the sheep that join their cult. Especially when this XRP didn't exist a couple months ago...they were just doing electronic payments: http://pdl.vimeocdn.com/44711/710/188655231.mp4 http://pdl.vimeocdn.com/44711/710/188655231.mp4 Seems like Ripple is trying to jump on the crypto-currency bandwagon and shamelessly doing it. https://ripple.com/forum/viewtopic.php?f=5&t=2034 https://ripple.com/forum/viewtopic.php?f=5&t=2034 http://ripplescam.org/ http://ripplescam.org/ "OpenCoin Inc premined all of the XRPs (Ripples) in existence, and their business model is tricking people into using the Ripple network (you must buy XRPs to use any part of Ripple), playing Federal Reserve, and making money off XRP speculation. That’s directly OpenCoin Inc’s business model."