So much FUD being run out there about Ripple. Considering that XRP is not mined, seeing the phrase "pre-mine" in an attack on XRP is usually a good sign that what is to follow is, at best, inaccurate and, at worst, regurgitated bullshit.
Buy or don't buy but if you're going to shit on a coin, at least come up with some new material.
Indeed not mined and never have been.
It’s currently a useless coin and having it backed by few players of the banking system just give a hint on how much value it aims to bring to the public.