What you said make sense and I understand what you're saying....but isn't there a subtle difference between "non-scam" ICOs and XRP? Ripple network is a currency agnostic, meaning you should not hold XRP to be able to transact in the network, you can do USD, EUR etc...Now they created 100 billion of a token then can basically do the same thing as the rest of the cryptocurrencies (i.e. transferring values without third party) but with a centralized entity.