THE SHADY ORIGINS OF RIPPLE (NEWCOIN)-HOW JED/LARSEN "GIFTED" THEMSELVES 9 BILLION TOKENS!

In this episode, CryptoRick discusses how Jed and Chris Larsen initially "gifted" themselves 9 billion XRP tokens and was accused by former Ripple Board Member (Jesse) of stealing XRP tokens and resetting the XRP ledger to cover up the proof. This describes how NewCoin/Open Coin was not open sourced and a large chunk of XRP tokens are actually owned by early creators - effectively disproving the XRPL ledger and its tokens were decentralised. This is on top of official allocations by the company to the early developers. Further to this, this video elaborates that the "Tacostand wallet" housed the XRP that Jed took, and dumped it on the market, selling it to the tune of around 150 million dollars behind closed corridors.

Original twitter thread/sources with thanks to "Scam Detective":
https://twitter.com/ScamDetective5
Source: https://twitter.com/ScamDetective5/status/1546154050420367361

Revenue model
-Pay Partners to use Ripple services and heavily subsidize use
-In return Partners advertise their involvement with Ripple (irrespective of actual use of XRP)
-XRP price increase and purchases increase as investors flock in
-Ripple and partners dump tokens and make revenue from XRP sales
-Rinse and Repeat.

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