$589 Profile picture
Aug 3 10 tweets 2 min read Read on X
🧵“$XRP is a scam. Ripple execs just dump on retail.”

That’s the genius take I see every day.

Let’s walk through how mind-numbingly dumb that is…
👇👇👇

#XRP #XRPArmy #XRPCommunity Image
1/ If $XRP were a scam…

Why didn’t they just rug in 2017 when it hit $3.84? 💰

No SEC case. No scrutiny. No lawsuits.
Just cash out and disappear.

Instead, Ripple kept building - for years - while #XRP stayed under $1.
🤔
2/ @Ripple could’ve walked away with billions.

But instead?
They:

⚖️ Fought the SEC for 4+ years
💸 Spent $200M+ in legal fees
🌍 Built ODL corridors
📲 Expanded into 6 continents
🏦 Applied for a U.S. bank charter

Yeah… totally sounds like a rug. 🙄
3/ “But execs are selling!” 😱

No shit.

Elon sells Tesla. Zuck sells Meta.
Chris Larsen sells $XRP.

Founders always take profits.
That doesn’t make it a scam - it makes it real life.
4/ Here’s what Ripple hasn’t done:

❌ Vanish
❌ Shut down
❌ Run off with investor money
❌ Abandon their product
❌ Delete their website and socials

You know… actual rug behavior.
5/ The #XRPLedger is decentralized 🧠

Ripple doesn’t control it.
They can’t freeze your wallet.
They can’t reverse your transactions.

It’s been live since 2012 - longer than most of crypto. A 13 year scam operation to rug pull when you could have done it after 5...? Come on now 😂
6/Let’s be honest:

If you think #XRP is a scam, it’s probably because:

A) You’ve never done research 📚
B) You’re coping from buying high 📉
C) You missed the 2017 run 😤
D) You still think Bitcoin is the only “real” crypto 🪙
7/ What scams don’t do:

✅ Fight for crypto clarity
✅ Build banking partnerships
✅ Get approved by global regulators
✅ Launch stablecoins
✅ Acquire firms like Metaco

Scams exit. Builders endure. 🏗️
8/ $XRP solves a trillion-dollar problem 💱

Global value transfer. Liquidity. Real-world finance.

That’s what Ripple is chasing.
Not dumping tokens on retail for quick cash.

2017 was the easy exit. They didn’t take it.
9/ The “XRP is a scam” narrative is 💤

🔥 Ripple is still here
🔥 #XRP is still live
🔥 Banks are still building

And the only ones still yelling “scam”...
Are the ones still holding onto regret. 🧂

🔁 RT and follow @589CTO for more deep dives

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More from @589CTO

Aug 3
🧵 “$XRP is centralized!”

That’s the go-to line for people who don’t understand how the #XRPL works.

Let’s dismantle this myth once and for all:

Consensus, validators, escrow, distribution - Is $XRP actually decentralized?
👇👇👇

#XRP #XRPL #Crypto Image
1/ $XRP doesn't use mining.⚒️

No PoW. No PoS.

Instead, #XRPL uses a Consensus Protocol that finalizes transactions in 3-5 seconds.

🧠 Nodes vote on transactions.
🗳️ 80% agreement = consensus.
💥 No miner cartels. No validator bribes.

You don't need to burn oceans of electricity to run it.
2/ Can anyone run a validator? 🤔

Yes.

There are over 100 validators today.
Ripple runs less than 20% of them.

🧑‍💻 Others include:
– Universities
– Developers
– Financial institutions
– Independent community nodes

And guess what?
No one needs permission.
Read 10 tweets
Aug 2
🧵 Ripple Execs Keep Selling XRP… So Why Is It Still Standing?

Jed. Chris. Brad.

Ripple insiders have sold billions of $XRP since launch - and yet, XRP is still here.

Let’s break down every major sale, the real reasons behind them, and why it doesn’t matter long-term 👇

#XRP #XRPL #589ArmyImage
1. 💥 First things first…

Ripple execs have been selling $XRP for over a decade.

Jed dumped billions. Larsen just offloaded 167M in July. Even Brad sold.

But sales ≠ failure.

They reflect shifting visions, old feuds, and personal exits - not the end of #XRP.
2. ⚔️ 2013–2014: Jed McCaleb rage quits

Jed co-founded Ripple but clashed with the team.

Wanted #XRP to fight the banks
Ripple partnered with them

He left, then tried to dump his entire stash.
@Ripple sued. Settlement capped his sales.
Read 11 tweets
Aug 1
🚨 How Chris Larsen Brought XRP to the World 🚨

The #XRPLedger didn’t need another coder.
It needed a closer. A visionary. A fintech disruptor.

Enter: Chris Larsen.

Here’s why the devs behind #XRP chose HIM to lead the charge 🧵👇 Image
1. He wasn’t a crypto bro. 😎

He was already disrupting finance.

🔹 Co-founded E-Loan in 1996
🔹 Built one of the first online lending platforms
🔹 Let users access their FICO scores before anyone else did
🔹 Took it public. $1B+ market cap.

He didn’t talk decentralization. He did it.
2. He scaled real companies. ⚖️

After E-Loan, he co-founded Prosper in 2005 - America’s 1st peer-to-peer lending marketplace.

He raised millions. Navigated compliance.
Fought for consumer finance rights.
Got legislation passed in California.

When #XRP’s devs wanted to go big… they brought in a grown-up.
Read 9 tweets
Jul 31
🚨 THE TACO STAND WALLET - EXPLAINED

For nearly a decade, one man slowly dumped billions of #XRP onto the market.

His name? Jed McCaleb
His wallet? “tacostand”
His impact? Legendary.

Here’s the full story 👇🧵 Image
1. Who is Jed McCaleb?

Jed co-founded Ripple and helped create the $XRP Ledger in 2012.

He left in 2013 after internal disagreements and went on to found Stellar (XLM) - a direct competitor to #XRP.

But he didn’t leave empty-handed…
2. Jed’s 9 Billion XRP Payout 💸

As part of his founder allocation, Jed walked away with 9 billion $XRP - nearly 10% of the total supply.

To stop him from crashing the price, @Ripple locked him into a strict selling schedule.

The #XRPCommunity was not thrilled.
Read 10 tweets
Jul 31
🚨 The forgotten Ripple founder...

➤ Built Mt. Gox
➤ Created the #XRP Ledger
➤ Cashed out billions in $XRP
➤ Launched Ripple and Stellar

And most XRP holders don’t even know his name.

This is the wild story of Jed McCaleb 👇🧵 Image
1/ McCalebs's Early Life

👶 Born in Arkansas (~1975)
🧠 Self-taught programmer
📚 Dropped out of UC Berkeley (physics major)
💻 Started building on the internet before it was cool

He was coding decentralized networks before "crypto" was even a word.
2/ His first big play?

⚔️ eDonkey2000 (2000)
➤ A peer-to-peer file sharing network
➤ Millions of users
➤ Shutdown after RIAA lawsuits

His mission was clear from the start:
Kill the middlemen.
Read 10 tweets
Jul 31
🧵 Who is Arthur Britto?

The ghost co-founder of @Ripple.
The silent architect of #XRP.
The man who helped designed the Internet of Value…
Then vanished.

Here’s how his legacy still shapes the future 👇

$XRP #XRPL #589Army Image
1/🔧 Co-Creator of the #XRP Ledger

In 2011, Britto, David Schwartz, and Jed McCaleb built the #XRPL from scratch.

While Bitcoin maxis were obsessed with mining, Britto focused on speed, efficiency, and compliance.

The goal? Move money like the internet moves data.
2/⚙️ Built for Global Scale

Britto’s design choices weren’t random:

• No mining
• 3-5 sec settlement
• 1,500+ TPS
• Fraction-of-a-penny fees
• Finality without energy waste

It was built for institutional volume.
Read 10 tweets

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