[berkes]

> Donating $29M worth of XRP costs them nothing since Ripple labs holds 80 billion XRP.

This is the key.

Ripple has donated $29M value out of the portfolios of their XRP-holders. The effect of this, might be a net-increase of that value, though, since the marketing-effect might even pump the price.

If you own XRP, you just donated a fraction to a good cause. Congrats.

Very similar to how Europe "printed" money to "save Greece" several times. A worthy cause, but paid by everyone holding Euro: every Euro just gets some inflation and the shaved-off value is used "for the good cause". I'm not saying inflation is bad, that is not my point. Nor that giving to good causes is bad, and my point is also not about wether or not the combined wealth of Europeans should be used to save a county.

My point is that giving away other peoples money is easy and hardly ever presented as such.

[bpicolo]

If you own Ripple, you should hopefully already be aware of how much of it Ripple owns.