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So may I ask as a newbie, how do we info such as this out when Im searching out cryptos to invest in ? This sounds seriously dodgy and totally manipulative and gives the general cryptocurrency community in general a bad name, especially to people who dont understand!
The newbies need an 'Idiots' guide please. All advice gratefully recieved.
Best wishes

Started to reply, but figured I'd do a page. here. https://steemit.com/invest/@phatez/advise-for-new-investors

cheers mate, Ill give it a read :-)

you should read more about ripple before posting such things. They have no access to most of the ripple they own just a little percentage most of the premined ripple will be used for e.g inflation.

So who owns the premined ripple ? It can't just be sat in a random wallet somewhere. Please expand your reply. Thanks :-)

Well, they don't have to own them to hold them. As far as I remember though, they also don't administer them, I read some time ago that nobody has access to them and they are distributed into the market every month. If you want to be 100% sure though I suggest you to read the white paper or check out their website

i still dnt know about ripple @lawrenceho84

Because money can be made off of it :)

very good post and very cool

My favorite will be all the n00bs crying for dear life that they got crushed from XRP.