Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ripple Critic Threatens to Fork XRP in 60 Days

by Daily Hodl Staff
August 28, 2019
in Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

The crypto influencer who created a petition urging Ripple to stop selling XRP now says he’s ready to fork the third-largest cryptocurrency.

Crypto Bitlord tells his 102,000 followers on Twitter that he and his supporters will create an alternative to the XRP Ledger in 60 days if Ripple doesn’t stop selling its holdings of the digital asset.

“Finally, people are starting to take this seriously! If they don’t stop dumping XRP, the next step will be a community takeover. We will fork this shit and start again. That is a promise!!”

Bitlord also responded to Ripple CEO Brad Garlinghouse who recently posted a tweetstorm to counter fear, uncertainty and doubt facing Ripple and XRP, the world’s third-largest cryptocurrency by market cap.

“The power of the petition is making waves. Brad Garlinghouse and David Schwartz – you now have 60 days to stop dumping XRP or we will stage a community takeover. If it’s a decentralized network like you say, we have the power to do it.”

Bitlord also pushed back against Garlinghouse’s assertion that XRP is not a security.

This is strange brad because when I buy $XRP I’m expecting a return on investment, -a pump actually.

It’s made by a company who control and foster the network. It’s sounding a lot like a security, even to someone as smart as me!

— Sir Bitlord (PhD) (@Crypto_Bitlord) August 28, 2019

Ripple owns more than half of the total supply of XRP. Each month, the company releases 1 billion XRP from escrow, sells a portion of its holdings, and then returns the unsold remainder to escrow. According to Ripple, the company uses the funds to run its business and invest in companies working to boost the blockchain and XRP ecosystem.

At time of writing, Bitlord’s petition, called “Stop Ripple dumping”, has reached half of its targeted goal of 5,000 signatures.

Since 2016, Ripple has cumulatively sold $1.14 billion in XRP, according to numbers compiled by The Block. Of that amount, 64% was sold to institutions and 36% was sold to crypto exchanges.

Ripple’s latest XRP Markets Report shows that the company sold $251.51 million worth of XRP in the second quarter of this year. The company says it plans to reduce that amount this quarter.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,979.00
$48,979.00
0.97%
Ethereum
$1,535.59
$1,535.59
0.01%
Binance Coin
$226.43
$226.43
1.53%
Polkadot
$33.75
$33.75
4.38%
Cardano
$1.17
$1.17
5.36%
XRP
$0.460301
$0.460301
2.18%
ADVERTISEMENT

Spotlight

  • Ripple-Backed Developer Launches Proposal To Bring Red-Hot NFTs to XRP Ledger
    February 28, 2021
  • Fight Club: Ousting Fakes With the Tech That Powers Bitcoin
    March 4, 2021
  • Altcoin Daily Names Top 8 Altcoins Poised To Erupt in March
    February 26, 2021
  • Ethereum’s Future Is Far More Uncertain Than Bitcoin’s, Says Andreas Antonopoulos
    March 2, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.