It’s simple, Ripple sells premined XRP to retail to increase the enterprise value of Ripple Labs for its own shareholders Ripple uses these token sale proceeds to acquire real companies, build non-XRP products, and fund Ripple Labs stock buybacks, all to the sole benefit of Ripple Labs shareholders Ripple pushes its costs onto XRP holders, then privatizes the value for its own shareholders If XRP/XRPL fails to capture meaningful adoption or value, Ripple can still walk away as a well-capitalized fintech company and shrug off XRP/XRPL as a failed experiment But even if XRP/XRPL does capture meaningful adoption or value, Ripple will continue to extract that value and divert it toward Ripple equity holders through ongoing sales of their premined XRP holdings Schwartz argues that Ripple selling XRP is a good thing because it suppresses the token price so retail can “buy the dip” Never mind that Ripple is using those same proceeds to fund stock buybacks and pump their own share price The mental gymnastics blow my mind(Zach Rynes | CLG)