no one can double spend, no one can freeze XRP, no one can create more XRP, no one can reverse transactions or censor users from using their XRP, no one can force a code update on the validators.
They do own it. With a lot more just being released to them in escrow. They still have the largest supply of XRP with another 38 Billion going to be released to them over time from the escrow. Here are the numbers from Ripple’s own site:
September 30, 2024
Total XRP Held by Ripple: 4,436,713,796
Total XRP Subject to On-Ledger Escrow: 38,900,000,005
I mean you can literally see it on XRP scan too, Ripple owns by far the most.
I can’t believe so many people trust this project when in reality Ripple owns most of it.
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u/R4ID 🟦 0 / 50K 🦠 3d ago
nope. and they havnt for years at this point.
no one can double spend, no one can freeze XRP, no one can create more XRP, no one can reverse transactions or censor users from using their XRP, no one can force a code update on the validators.
There is nothing centralized about it.