Thursday, 4 January 2018

Ripple co-founder is now richer than Google founders

With Ripple now hitting highs of $3.84, the company's co-founder, Chris Larsen, is now worth a staggering $59.9 billion on paper! Larsen has 5.19 billion of XRP and a 17 percent stake in Ripple, according to Forbes. XRP increased 35,500% in 2017 which was more than Bitcoin and Ethereum, now although everything seems good at the moment there is alot of hate and scepticism surrounding the coin as majority of the crypto world call Ripple centralised. This is because Ripple owns 61.3 billion of the 100 billion XRP coins worth roughly $235 billion. 

Many people within the crypto community use crypto as a method to step away from banks and back Bitcoins original thinking as a decentralised digital currency. Ripple does not fall into this category and it does not pretend to either, many stories have come out linking Ripple with numerous banks and with high transfers per second and extremely cheap transfer fee's people can understand why. 

Although one thing that really bothers me, we see the media talk of Bitcoin being a "bubble" and saying "its ready to burst" but think about this, a currency just increased 35,500% in a year with its own company owning majority of the funds... How many media outlets did your see calling Ripple a bubble?

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