Saturday, April 26, 2025

Flooding the arid zone

 From each according to their gullibility 

Ripple’s story begins with Ryan Fugger’s 2004 RipplePay project aimed at community credit. In 2012, Jed McCaleb and Chris Larsen co-founded OpenCoin (later Ripple Labs) and launched the XRP ledger (XRPL) to provide real-time gross settlement to financial institutions. All 100 billion XRP tokens were created at inception – a practice known as “pre-mining.” Large tranches of XRP are held in escrow controlled by Ripple Labs. 

To each according to their greed

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