Exactly, that’s the central authority. Thats why BTC is a commodity and why XRP is a security.
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Incorrect. Ripple is an owner of XRP. Not a central authority on the decentralised open source ledger. Ownership, albeit a large qty, does not denote authority (ala Satoshi)
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XRP doesn’t have an issuer.
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XRP was created before the company was formed. Ripple didn’t create XRP.
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It's not true that XRP was created before OpenCoin was formed. This is the announcement of the creation, which is months after the company's formation: forum.ripple.com/viewtopic.php?
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The Founders Agreement was dated before that.
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Yes, however the current ledger did not exist until 3 months after that agreement was signed. The ledger referred to in that agreement was abandoned. Arthur anticipated something like that might happen, which is why he demanded a piece of future ledgers too.
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David Schwartz saying it point blank:
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Of course. That's the role Ripple has chosen for itself -- positioning XRP as a settlement asset to go with its payment system. Ripple didn't create XRP -- Jed, Arthur, and I did.
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It may be a matter of perspective. Saying it doesn't make it true. When 3 people are working for the same company at the time they create something together, usually you would look to their employment contracts to determine to what extent their employer owns their work.
No, I'm saying that anything any company does can be characterized as being done by the people who do it.
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