Ripple Community Member Launches Petition to Have Ripple ‘Increase the Dumping of XRP’

Libra Coin News
Thu, 09/05/2019 - 07:56
Yuri Molchan
A Twitter user sets up a petition to get Ripple to utilize more XRP, the Ripple community supports the move
Cover image via 123rf.com
Contents

On September 4, a Ripple fan tweeted about his intention to start a petition so that Ripple increases the utilizing of XRP and uses as much of XRP as possible to expand the ecosystem, obviously believing that this will do only good for Ripple adoption.

In the comment thread, someone posted a link to a petition on change.org with the same demand. 

So far, the new petition aimed at getting Ripple to increase the use of XRP has got 217 signatures.

Image by change.org

Getting Ripple to change the scale of XRP utility, petition #2

As reported by U.Today earlier, a Twitter user @Crypto_Bitlord, indignant at the XRP price unable to grow for a long time, initiated a petition on change.org to get Ripple to stop dumping XRP and let its quotes surge.

His petition has been signed 3,203 times already with the next goal planned to be 5,000 signatures.

The same user also threatened to hardfork XRP unless Ripple stops dumping the coin through its quarterly sales of 1 bln XRP and other cases when Ripple uses its currency for sponsorship or charity purposes.

The more amount of an asset is in circulation, the lower is its price, believes Crypto_Bitlord, following a simple market logic. Recently, the person was sent to a ban on Twitter for a short while, getting his account blocked. Now, Crypto_Bitlord is back on the air.

In the comment thread regarding the ‘pro-dumping’ petition, some members of the Ripple community express an opinion that selling 1 bln XRP per time is not enough to increase the XRP utility.

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Ripple’s response

In the case of the first petition, Ripple’s reaction was no reaction. The only thing Brad Garlinghouse did was post a series of tweets, addressing the recent FUD messages on social media regarding XRP.

Among other things, the Ripple CEO pointed out that XRP sales are meant to increase the XRP utility. 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.


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