Questions for XRP
Do you know that XRP used to be called ripple until Ripple renamed it?
Are you aware that X is a standard prefix for currency tickers and RP is short for Ripple?
Why would you hold XRP instead of equity in Ripple?
Do you think a for-profit company allocated 100% to itself is an appropriate way to launch a world currency?
Do you think that Ripple’s description that it “was gifted” the entire supply of XRP is a reasonable way to characterize what happened?
Given that the genesis and early blocks (ledgers) are missing, why should anyone trust the allocation or history of XRP?
Why do you think XRP is decentralized when Ripple and founders hold the majority of XRP?
If Ripple goes public, do you think investors and regulators will be OK with Ripple holding billions of dollars worth of XRP on the balance sheet?
What prevents Ripple from pivoting away from XRP?
What prevents Ripple from creating another token (like Stellar did, for example)?
What prevents Ripple from creating more XRP (after making phone calls to their partners and pull requests on Github)?
What criteria should be used for a list of trusted validators?
What prevents a Sybil attack (launching many validators to get over 80% of network)?
What prevents a single validator from masquerading as many validators?
A validator requires 14 terabyte SSD currently and rapidly growing — what would be required if XRP was actually used for any of the things Ripple promises?
Are you aware that moving XRP to a new wallet makes 20 XRP permanently unspendable?
Are you aware that the XRP price predictions by XRP fans would make it more valuable than everything in the world combined?
Why does Ripple keep changing their story about when Ripple started and when XRP was created?
Are you aware that even if XRP was used to move 1 billion dollars per day internationally, it wouldn’t even support the current sub-dollar price?
What reason is there to hold XRP (besides the intention of selling it to someone else for more dollars)?
Wouldn’t a stablecoin or national currency on XRPL (or on another network) work much better for international transactions than the extremely volatile XRP token?
