Willy Woo
Willy Woo|Jan 25, 2025 04:09
On this week 10 years ago. Some things never change (1), others are always changing (2-20). . . . OK I'll indulge in a tangent, each of these (2-20) coins have their own unique story. Keen observers will notice XRP at #2, which is topical in the news again pulling their old games at the presidential level. 2015 were the days when low trading volumes allowed their internal trading desk to manipulate the price up while they systematically dumped their pre-mined coins, 100% held by insiders, onto retail. Ripple Labs went on a rampage of signing "hot air partnership" MOUs with banking execs, because there was pressure from above asking "what are we doing about this blockchain thing". Ripple would pay them in XRP as part of the deal. This became the marketing grift to retail... "100s of strategic banking partnership"... The early XRP army was devout in the belief it was the next payment network and would flip BTC. Meanwhile the Ripple Network was hobbling along with 2 nodes and my friends at Exodus Wallet struggled to find anyone to talk to when their nodes went down.
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