I should start by saying that I have no dog in this fight, meaning that, I don't particularly want for Ripple to fail, because at the end of the day, people will use what they want. However, it's undeniable at this point that most of that project is shady to say the least.

img src

The bigger problem to me however, is that if you even dare to question Ripple, a horde of Ripple Fanboys will attack you, call you names, and in some extreme cases even make threats, which to me shows us the ugliest side of our tribalistic nature. But, how can they look at reports like this one and not understand why there are skeptics speaking up.

The Market Cap

Is not the only metric that determines the success of a currency, of course not, but its no doubt one that we default to look at every day. The way it's calculated is very simple, you multiply the amount of circulating tokens by the value each one. This, in theory, would give you the liquidity of the network in a very raw sense, but of course in practice it's a whole different story.

According to this report, Ripple's Market Cap might be overstated by 6.1 Billion dollars. The report breaks it down, it explains the methodology and after reading it carefully, I have to say that it looks pretty bad for XRP.

Of course they answered, of course they reacted but their response is lacking, but don't believe me, read for yourselves.

It's possible that just by posting this someone will insult me too, but that's ok. Some people just like to be offended about everything.

@meno