[mkirklions]

Thanks for posting this, this is my understanding.

Ripple is the company that controls 61% of the worlds XRP. XRP is the medium to move money.

While I personally dont like centralized currency, this is how ripple works. Ripple basically decides the price of their own currency since they have sooo much supply.

[free-trampolin]

Unlike other fraudelend coin startups, Ripple made its self subject to regulations. They cannot simply put all their XRP onto the open market. The 55bn locked in escrow are meant to be sold to institutions partnering Ripple, as other comments have already stated. Regulations aren't a bad thing. They are mandatory and prevent us from being scammed in many cases.

The only thing you can blame Ripple for is the insane amount of ripples their founders are holding.

[shepardrtc]

Wrong. They locked away 55 billion XRP and are releasing a certain amount monthly for purchase by investors and institutions. If that XRP is not purchased, it goes back into escrow.

https://ripple.com/insights/ripple-escrows-55-billion-xrp-fo...