Fact: XRP is a fiat currency created by Ripple so they can profit off of when it increases in value. They control a majority share of it and can pretty much destroy/affect the value of XRP by market manipulation.I'm sorry, I thought you wanted to discuss facts. XRP is not a fiat currency—only a government can create a fiat currency—you know, fiat currency exists because of government decree.
Yes, Ripple Labs hopes to benefit from the increase in value of XRP over time; they've been quite public about that. Unlike you, I have no problem if these guys get rich for disrupting and fixing our broken and fragmented payment system.
The flip side is that all of us with XRP stand to do pretty well too, which is also okay.
The fact that Ripple Labs holding the majority of XRP now is no different than when a company goes public and holds on to shares. Sergey Brin has over 27 million shares in Google, but nobody believes Google is a scam.
You thinking that Ripple Labs would destroy the value of XRP is conjecture and speculation. Unless you have any proof otherwise—which you don't—there's not really much more to say.
They have started publicly that they are going to give away 55 billion XRP; only a tiny fraction so far have been distributed. Again, unless you have proof otherwise, why should we listen to or believe you? You're just making shit up.
Meanwhile, the rest of us will continue to benefit from using the Ripple payment network and the increasing value of XRP.
