Yup, the founders own < 20% of the supply, but that has nothing to do with decentralisation as decentralisation is about no single party being in control.
What is it about xrp that is a no for you? Curious...
Ripple Labs own about 50% and the founders own less than 20%. That's a small number of entities owning a large amount of the supply. XRP has been out for so long and still doesn't have half the token in circulation. I know they won't dump on the market but it's open for price suppression from the company selling for profitability.
I'm here for those 10x 20x gains and I don't see that happening with XRP. We may be early with blockchain tech but a 10x right now for XRP is close to a trillion market cap without including the 55% not in circulation that will increase supply and lower demand.
Add that with the fact that they were selling XRP OTC for cheap to banks but selling on the open market to investors rubbed me up the wrong way.
I know Banks don't want to be buying XRP from exchanges due to volatility in price but that's not helping me as in investor. I think you said they don't do this anymore but just shows the control they have.
CBDC's are also a threat to XRP as well in the long term.
The decentralisation aspect of it doesn't bother me that much since BSC is as centralised as you can get but I use it for low gas fees and made some money from some coins and farming.
Difference with Binance is they have burning BNB for years now and are constantly increasing the utility of the coin.
This is just for me who holds for the long term. You can definitely still make money from XRP buying the dip or swing trading.
I would do the same in next bear since the XRP community is strong. It's the reason XRP was one of the first coins I bought back in 2017.
For those who use Brave browser...thumbs up? Down? Doesn't really matter?
I use it for the in built TOR browser so I can get on to sites blocked by my ISP.
