This is the official call to boycott XRP (Ripple). Stop feeding the bears!!! I don't quite think people understand what Ripple really is, including the fact that it should not even be considered a real cryptocurrency.
(In my opinion) Any coin that is FULLY premined (meaning the coins were just magically created and appeared out of thin air) has no respect from the true cryptonation. With no proof of work from any mining pool, individual, or company, how can they carry any value? Even fiat currencies have to be printed or minted and thus use some sort of energy and resource to create. I mean, I can just say, oh ya, let's do an ICO, I have a gazillion fecal coins for a penny each, and probably fool thousands of people into thinking it was a viable coin. My Fecal Coin (SHIT when it hits the exchanges) is backed by the amount of crap people feed you with. Anyway...
ONE HUNDRED BILLION COINS. Seriously? Premined? You think they'll ever have a chance of even reaching a dollar??? Bitcoin itself tops out at 21 million and a lot of energy goes into solving those equations. Throw in the fact that they are just as easily created and destroyed (burned on transactions and created through the Ripple effect), the number will never change, despite the claims of them reducing the number. Also, over half (I think it is around 63 Billion) of the coins are still in the hands of private investors (probably bankers...) and the creators. What happens to your precious coins once those are released and dumped? They turn to ash in a matter of seconds. There is a REASON the app failed on the iOS network...
My final argument for why XRP should be boycotted and delisted from every exchange is this: Ripple is a "basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems." That throw any red flags up for anyone else? I mean, wasn't the purpose of Bitcoin to eliminate 3rd, 4th and so on fess from the get go? To create a peer to peer network and put our hard earned 'money' back in our own hands and control? What was the text Satoshi Nakamoto sent with the first mined block? 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'. And did he mine a bunch of blocks for himself? NO. Open source program to ensure the entire world has a fighting chance.
Puts things in perspective doesn't it? I will never put a single satoshi into the XRP market and now you know why. It's a very well camouflaged ruse used by the banking societies to try and regain the control over the planet's economic system. A battle they are losing because of our beautiful Bitcoin, Ethereum, STEEM, Litecoin, and other such actual cryptocurrencies that have substantial value. So, if you want to give the power back to the people, and yourself, and really change the world, join me by boycotting and ignoring currencies such as XRP. It starts here.