Is XRP a shitcoin?

Ripple has been around since 2012, like an aggressive case of an athlete’s foot that has infected your entire family. Ripple is the earliest shitcoin to become a major cryptocurrency. Today Ripple is the #2 cryptocurrency by market cap behind Bitcoin, despite it being a centralized shitcoin. There are 100 billion XRP in total, and 20 billion XRP were automatically given to the Founders of Ripple Labs, and then they ‘gave’ the other 80 billion XRP to Ripple Labs, which is essentially giving it to themselves.

This makes the XRP market incredibly centralized, to this day Ripple Labs holds 59 billion XRP. XRP cannot be mined and must be purchased from Ripple Labs at some point. Ripple Labs dumps 1 billion XRP onto the market every month, screwing up people dumb enough to invest in XRP, and making Ripple Labs greasy amounts of cash. Every day Ripple Labs must have a party where they drive new Lamborghinis into pools filled with the finest caviar while drinking 1,000-year-old wine poolside, since how else could they spend hundreds of millions of USD per month. When eventually naive crypto investors buy up all 100 billion XRP, there is nothing to stop Ripple Labs from printing more, to keep their non-stop caviar and Lambo pool parties going.