How do you feel about Ripple holding such wast quantity of XRP?

[Tyvole 194]

Im wondering what is community take on this?

[Tyvole 194]

Please share this POLL on twitter to get biggest possible sample size not only fanatics of xrpchat should vote. It might bring more people to forums and get us bigger set of data (We could be biased after so much time here, new people and mainly develpers  and their opinion is important, even if we dont agree with their opinion). 

 

To expend on my vote - I dont see much benefit of having such a wast quantity of XRP,  You can provide incentive with using XRPL/ILP via dev support or with way smaller amount of XRP, there is no need for one entity to hold such excessive amount.

What would be different if they hold lets say 10-20% of XRP? Compared to what they have now. All its doing its putting so much pressure and eyes on ripple to take care of xrp, and discourage others to invest. Its unnecessary risk.

Edited July 22, 2019 by Tyvole

[LiquidGoat 918]

They have owned it since the beginning, everyone here bought xrp knowing that. It’s a none topic imo.

[Tyvole 194]

3 minutes ago, LiquidGoat said:

They have owned it since the beginning, everyone here bought xrp knowing that. It’s a none topic imo.

Software development / Leading a company  is not a static process, you can burn part of it to reward people active in ecosystem and reduce risk on potential investors. As i said, what is a difference if i own 50% of the pie compared to 10% if i want to share benefits of eating a pie with as many people as possible?  That is what PR is always bragging about.

Edited July 22, 2019 by Tyvole

[Cooliozxrp 334]

Of course less, people here justifying them dumping it on exchanges to "increase liquidity" are deluding themselves. They can just give it away for free with some conditions! They are dumping them because they need the money to please their venture capitalists

[Tyvole 194]

1 minute ago, Cooliozxrp said:

Of course less, people here justifying them dumping it on exchanges to "increase liquidity" are deluding themselves. They can just give it away for free with some conditions! They are dumping them because they need the money to please their venture capitalists

Bud you voted more  , I want this to reflect true opinion of community bro, no trollio

There might be people who truly believe they should have more, we need to hear their take on this out as well.

[Cooliozxrp 334]

3 minutes ago, Tyvole said:

Bud you voted more  , I want this to reflect true opinion of community bro, no trollio

There might be people who truly believe they should have more, we need to hear their take on this out as well.

Lol must have pressed wrongly,changed back!

[Guest]

They should own Less , but there is nothing you can do about it. 

[QuizPops 1,323]

Who cares really if they hold so much XRP? It's escrowed for a reason.

Most of BTC is owned by Chinese miners and it's still the #1 crypto out there. No one really seems to understand that.

We're still living the early days of crypto and maybe some day we will see actual utility driven prices. For now it's just a complete **** show with all the whales and manipulators. They have already made huge amounts of money and they couldn't care less about utility and actual use cases. All they see is free retail money up for grabs.

[cryptoxrp 1,089]

It is clear that the Ripple shareholders own a disproportional amount of XRP. This XRP should be largely used by financial institutions to incentivise the network. Only a small portion should be used for covering Ripple operational costs. Additionally I believe that at least 40% of the total XRP supply should be burned to improve trust in the digital asset as it is.

With such a large amount of XRP in single hands there will be no trust vectored into XRP. If this does not change in the very near future then the chance of XRP failing as a digital bridge asset becomes a consideration. The greed of a few is allways what kills a perfect technological solution. The world is about sharing.

Edited July 22, 2019 by cryptoxrp

[robertbruce 723]

im ok with it. The escrow is a huge bargining chip that allows much flexibility to ensure a successful outcome to the stated mission(s). I have a history in being invovled in social change for the betterment's of all, im glad to be invovled in this one and Ripple have made a huge impact.

For me life is about the means, not the ends.

[Dinoizzy 3,744]

1. How do you feel about Ripple holding such wast quantity of XRP?

- sexually aroused.

[Tyvole 194]

13 minutes ago, QuizPops said:

Who cares really if they hold so much XRP? It's escrowed for a reason.

Most of BTC is owned by Chinese miners and it's still the #1 crypto out there. No one really seems to understand that.

We're still living the early days of crypto and maybe some day we will see actual utility driven prices. For now it's just a complete **** show with all the whales and manipulators. They have already made huge amounts of money and they couldn't care less about utility and actual use cases. All they see is free retail money up for grabs.

Bud is it really same to compare Chinese miners and ripple? In the wording itself, its multiple entities vs One entity, Ripple, even if its like 10-20 biggest Chinese mining operators that hold majority , its still at least several hounded percent more distributed then majority of XRP.

[QuizPops 1,323]

20 minutes ago, Tyvole said:

Bud is it really same to compare Chinese miners and ripple? In the wording itself, its multiple entities vs One entity, Ripple, even if its like 10-20 biggest Chinese mining operators that hold majority , its still at least several hounded percent more distributed then majority of XRP.

My point is who would you trust more: some shady Chinese mining companies who can basically do whatever they want with their BTC or a big company such as Ripple which is monitored by several authorities in the USA?

[Tyvole 194]

3 minutes ago, QuizPops said:

My point is who would you trust more: some shady Chinese mining companies who can basically do whatever they want with their BTC or a big company such as Ripple which is monitored by several authorities in the USA?

To be honest Ripple to me is A shady american company, im not american, i dont idealise corporations. By default you shouldn't trust anyone, xrpl is trust-less system same as bitcoin. Who says that ripple doesn't try to dump 1bil a month and the only reason they dont spend whole 1 bil a month is that they basically cant sell it all, not much demand.... If that is what you trying to get at.

So no difference to me at all.

 

Ripple has problems with attracting developers, bitcoin doesn't have much of that issue.... Even tho bitcoin has "shady Chinese behind it".... What do you think reason for this is? In my opinion its how much ripple as a company is invested in. If you work on xrpl you must feel a bit like working for corporation in some sense. And dont rehearse that ripple and xrpl are separate , i know that no need to reiterate, im talking about how much you as developer that would not be funded, would indirectly fund ripple.

First mover advantage excuse can be used only to a point......