The Ripple CTO, David Schwartz has recently revealed that he lost $300,000 to a number of completely worthless digital assets.
The top executive at Ripple says that he had made some investment decisions that have turned out to be disasters:
“Absolutely. Not as much as I’ve made, but yeah, I’ve bought quite a few cryptocurrencies that turned out to be disasters. Here are just a few cryptocurrencies that I bought that I ultimately had to write off as worthless…
“My total losses, just on tokens that become completely worthless, is just over $300,000.”
David Schwartz, who is one of those that founded XRP Ledger revealed those worthless tokens as follows: TIX, DICE, FLASH, VEZT, AMP, SIG, BEE, KIND, PRYZE, KUDOS, NRN
“My decision to derisk was made in 2012 or so when I discussed investing in cryptocurrencies with my wife. She insisted we agree on a derisking plan right then. And I must say that every bitcoin I sold for $750 or XRP for $0.10 hurt…
I [still] own XRP and BTC as well as small amounts of BAT and ETH, and very small amounts of a few others.”
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