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About Yannis_H

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  1. He said this back in 2015. In 2018 he became (briefly) the fifth richest person in the world.
  2. Guys, stop seing FUD conspiracies and don't overlook the question. Try to answer it. Why would anyone (let alone, a financial institution) trust a currency that is owned in such a large part by a single person? To say "well, because it's not in his interest to undermine the currency", ot "he's rich enough, it doesn't make a difference if he becomes the richest"... well, these are pointless. None will TRUST somebody's good intentions, good heart, good state of mind, when there's billion at stake, if this person has an overwhelming power that he should not have. None. A currency is not like a company. One person can own 10%, 50% or even 100% of a company. One person cannot own 10% or 50% of a currency. Not if he wants this currency to be functional and trusted by others. I would say: give proper answers - or else, admit you just ...hope. The thing is, hope is not a solid base for financial decisions - especially of a large scale.
  3. There are certain truths that, however trivial or marginal, are decisive in big issues. The big issue here is Ripple’s crash. And the decisive truth, at least for me, has been that Chris Larsen, Ripple’s founder, became during the brief coin’s peak, the 5th richest person in the world. Because of the immense amount of Ripples he owns. To enter the list of the richest people in the world, a person must have done something truly extraordinary and must have been doing it for a while: i.e. the founder and lasting CEO of Facebook, a constant pioneer of digital revolution, the queen of England, an Arab prince. Not the creator and biggest owner of a virtual coin. People may come up with various excuses and justifications to explain this absurdity; the fact remains. It is absurd. I have been watching the club for a while and the conversations prove an old saying: ‘where there is poverty, there is whining’. Some users were boycotting MarketCoinCap, others were discovering Great Manipulators, others were blaming the wales, the sharks, the shrimps. None was asking the basic question: why the international monetary system would accept – let alone strengthen - a new coin that is reserved and owned, to a great extent, by one guy who happens to be its creator? It is the very definition of a fairy tale: if you aren’t a billionaire in dollars or euros, create a new currency and own a huge part of it. And you will live happily ever after. Investors and ‘hodlers’ of Ripple support this rational anomaly. No one is willing to accept that ‘the king is naked’. It’s not the world’s fault that they lose more money every day. I entered Ripple at its peak (didn’t know the facts I discussed above). I still hold 100 XRPs, ‘just in case’. But I regard the particular coin as a perfect example of the absurdity of digital coins’ environment.
  4. The floks at Ripple own the majority of Ripples stock. I hope they didn't cash.
  5. OK, from the guy who bought expensive (2.15 in euro, 2.5+ in USD). I am not here for the short term - I bought to stay. I am sad, of course, cause had I waited 2 days I could buy much more XRPs for the same amount. But the major concern is loosing the major part of my invested euros. Some could say 'don;t worry', others (especially in other coin forums) would say 'hmm... likely', the truth is nobody knows for sure. After one drawback (having bought at the peak of the XRP price so far) I just hope I will experience one and only drawback. Let's see....
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