It's pretty obvious that Ripple is buying back XRP to support the currency, despite its obvious scamware-nature.
There you go again making shit up. Again, Ripple ledger is open and available to anyone to look at, just like the bitcoin block chain.
Please show us where Ripple Labs is buying XRP. Oh yeah—you can't.
Like any currency, the price is based on supply and demand. We can see that buying and selling of XRP has increased dramatically in the last few week. That ain't Ripple Labs buying XRP but China certainly is: http://www.ripplelounge.com/1/post/2013/12/the-new-normal-in...
It's pretty obvious that Ripple Labs is buying back their own currency on the exchanges based on the volume. It's called damage control, and their plan is to uphold the fake value as long as they can, until people are duped enough to create volume for that 'fixed' price. Ripple is a scam, stop lying to yourself.
And all of that volume happening on the various exchanges (like the 232,348.28 that traded on [RippleChina](https://ripplecharts.com/market/CNY:RippleChina/XRP) the past 24 hours) is mostly Ripple Labs buying XRP, right?
This is just… dumb. And it makes no sense.
Ripple Labs can slow down or even stop distributing XRP until the price goes back to where they'd want it. No need to do buybacks when RL (at least for now) control the vast majority of the currency.
You should stop with these posts; it's just getting more embarrassing.
Comments
It's pretty obvious that Ripple is buying back XRP to support the currency, despite its obvious scamware-nature.
There you go again making shit up. Again, Ripple ledger is open and available to anyone to look at, just like the bitcoin block chain.
Please show us where Ripple Labs is buying XRP. Oh yeah—you can't.
Like any currency, the price is based on supply and demand. We can see that buying and selling of XRP has increased dramatically in the last few week. That ain't Ripple Labs buying XRP but China certainly is: http://www.ripplelounge.com/1/post/2013/12/the-new-normal-in...
It's pretty obvious that Ripple Labs is buying back their own currency on the exchanges based on the volume. It's called damage control, and their plan is to uphold the fake value as long as they can, until people are duped enough to create volume for that 'fixed' price. Ripple is a scam, stop lying to yourself.
Ripple is a scam, stop lying to yourself.
It's pretty obvious that the only lying going on is coming from you.
It's pretty obvious that Ripple Labs is buying back their own currency on the exchanges based on the volume. It's called damage control…
Yes because Ripple Labs, fresh from raising [an additional $3.5 million in funding](http://www.finsmes.com/2013/11/ripple-labs-raises-3-5m-fundi...) was clearly in really bad shape.
And all of that volume happening on the various exchanges (like the 232,348.28 that traded on [RippleChina](https://ripplecharts.com/market/CNY:RippleChina/XRP) the past 24 hours) is mostly Ripple Labs buying XRP, right?
This is just… dumb. And it makes no sense.
Ripple Labs can slow down or even stop distributing XRP until the price goes back to where they'd want it. No need to do buybacks when RL (at least for now) control the vast majority of the currency.
You should stop with these posts; it's just getting more embarrassing.
You should stop with these posts; it's just getting more embarrassing.