Ripple
• Owns approximately 50% of XRP tokens. (controlling share)
• WEF partner, Ripple attended WEF Davos 2024 (https://www.weforum.org/organizations/ripple/)
• “Ripple is dedicated to creating powerful gains in financial efficiency, equity, and inclusion… Ripple is developing and enabling future use cases that will catalyze the new digital economy for governments, businesses, and consumers.” (https://thecryptobasic.com/2022/08/24/world-economic-forum-wef-names-ripple-as-official-partner/)
XRP designed by Ripple
> Jed McCaleb:
• Co-founder of Ripple Labs, Inc. and one of the original developers of XRP. Left Ripple in 2013.
• Founder of Mt Gox (February 2014: Mt. Gox files for bankruptcy, revealing the theft of approximately 850,000 Bitcoins.)
• University of California, Berkeley [drop-out student]
• Went on to build the Stellar Development Network (Stellar is also a WEF Partner https://www.weforum.org/organizations/stellar-development-foundation/)
> David Schwartz:
• Co-founder of Ripple Labs, Inc. (CTO) and another original developer of XRP.
• University of Houston
• Consulted for the National Security Agency
• Criticized Donald Trump’s proposal to replace the U.S. income tax with increased tariffs. Schwartz warned that this move would lead to a potential economic downfall.
• October 2024, Schwartz warned against misinformation spreading about Donald Trump, specifically amid rumors of an anti-Trump story. He emphasized the importance of verified information to prevent the spread of false claims.
> Arthur Britto
• Co-founder of Ripple Labs, Inc. and an original developer of XRP.
• There is mystery surrounding Arthur Britto’s anonymity. According to Ripple’s communications team, Britto’s desire to remain private stems from being an introvert and possibly facing health challenges. Users on Reddit speculate the possibility that he is someone influential or big enough that revealing his identity could impact the company or project he is involved with. Another theory suggests that Britto might be Satoshi-like paranoid, preferring to remain anonymous due to concerns about his safety or reputation.
XRP:
• XRP does not use Proof of Work (miners create new blocks) or Proof of Stake (ownership % creates new blocks).
• XRP uses Proof of Correctness (validators are chosen based on their “weight” or “stake” in the network), using validators which are operated by companies that build on the XRP Ledger or use/want to use it for payments.
WEF appears to support XRP
XRP is moving to become Quantum secure.
WEF Financial Partners want Quantum-secure Financial System.
WEF Partners want to protect their systems with Quantum resistent ledgers and AI.
(https://www.youtube.com/watch?v=YUBbw0sldcg)
> Supporting XRP appears to also support WEF agendas, and the current financial systems appear to want to transition to using Ripple+XRP for their systems.