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Ripple is not decentralized at all. They've zero intention to bring decentralization, all they're trying to do is give banks a technology that can speed up remi
by whoisninja9 9y ago
Ripple is not decentralized at all. They've zero intention to
bring decentralization, all they're trying to do is give banks a technology that can speed up remittances. Why do you need blockchain for that specially if you will be using banks anyways? Why can't banks speed up remittances on their own.
Just do some basic search on the guy who created it, stellar lumens, mt gox, 70% tokens held by a few company individuals(although they say it is locked etc)
- whoisninja9 9y agonot suggesting that they are not credible or anything but I think their technology shouldn't excite people that much. And may be rather than public funding this bank's side project, perhaps banks can use some of their profits to develop this on their own or with Ripple or at least may be it should be funded by large investors who have large stakes in banks. Just ponder upon, why should you fund this experiment/technology?