🧵“$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
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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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 🧵👇
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.