Backed by many large firms, but a total scam (http://www.crunchbase.com/company/ripple-labs http://www.crunchbase.com/company/ripple-labs) ------- " The creat

Backed by many large firms, but a total scam (http://www.crunchbase.com/company/ripple-labs http://www.crunchbase.com/company/ripple-labs) ------- " The creators of ripple created the network with 100 billion XRP, and gifted a for-profit company, Ripple Labs (originally called Opencoin), with 80 billion XRP" ------- From Jed, one of the principal architects: Vinnie: ...What's the OpenCoin business model? Jed: ...we hold xrp and hopefully they gain value