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A comment on Blockchain startup R3 sues competitor Ripple. Parent comment

Re:Blockchain startup R3 sues competitor Ripple by nosuchthing on Friday September 08, 2017 @07:49PM (#15204795)
The market cap of Ripple (and many of the premined coin/token supplies) is very misleading as often %70 or more of the total supply is in the hands of the founders or an anonymous presale/ICO "purchaser"

i.e. Ripple co-founder owns ~9,000,000,000 Ripple units, and is selling them off en mass:

https://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over...

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Re:Blockchain startup R3 sues competitor Ripple by Temasik on Saturday September 09, 2017 @02:06AM (#15205779)
But still the public view EOS year long token distribution as a scam

No other business model to distribute tokens besides wasteful mining

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Re:Blockchain startup R3 sues competitor Ripple by peterarmstrong on Friday September 08, 2017 @09:24PM (#15205101)
masse :)
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