Hi Everyone.
Ive read about this idea before and wondered if others had some thoughts on it:
ICOs and crypto currencies like XRP exist for banks and other large institutions to grab large amounts of established crypto currencies like BTC. So doing risk-averse investors and naysayers of BTC and ETH are able to cash in after the initial rush they missed. Thus they accumulate a large amount of ETH,BTC or any other coin and offload something of low to near worthless worth on greedy investors.
Any thoughts and contributions to this?
Thanks
g00se