[Crypto Q&A] Why is Ripple holding 50 billion XRP?

Discussion • 2020/12/18 • by
visiblemoney

Why is Ripple holding 50 billion XRP?

Comments (1)
Guest
visiblemoney
6 years ago
The common assumption of the reason they originally decided to hold on to so many of their own assets is so that they would be able to control the fluctuation of the currency. This seemed to work out for now, but whenever there was a case of heavy centralization of a cryptocurrency, it usually didn’t end up with shining colors.
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