XRP Holders To Face Harsh Reality

Ripple investor and Dizer Capital founder, Yassin Mobarak, has voiced dissatisfaction with the stagnation in XRP’s growth, suggesting that XRP holders might face losses due to unfulfilled promises. Mobarak, a shareholder in Ripple, criticized the departure of two significant validator operators in the XRPL ecosystem and expressed concerns about Ripple’s management. He clarified his desire for Ripple’s success but emphasized the importance of not compromising the interests of XRP holders. Responding to these remarks, a community member noted that Ripple’s primary goal is profit, not the well-being of investors. Mobarak highlighted alleged shortcomings in Ripple’s ecosystem management, criticizing its use of the escrow account and programmable transfer of value. The criticisms follow Alloy Networks’ decision to exit the XRPL network. Mobarak accused Ripple of mishandling incentives in the XRPL ecosystem, echoing concerns from other community members.

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