Quote:
Originally Posted by Penrod
How much?
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I think it was 70%, they release (i think) 2billion XRP per month to themselves, for marketing, paying team, their big office in SanFrancisco, etc. That's as centralized as a coin creation can come.
Not trying to hate on it, just be aware of their mindset, creating it is a business to generate income from marketing the price up and selling XRP to you. And if you see lately their issue with SEC, that goes to show how scarily centralized it is, and why I have no interest in it personally.
To each their own tho. But the Bcash's (BCH/BSV) are both full blown money grab scams with Bitcoin brand theft , with teams of fraudsters.