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Is it really a cryptocurrency though? It seems more like a paypal alternative (i.e. the ripple foundation can roll back any transaction at will and has done so

by drcode 9y ago

Is it really a cryptocurrency though? It seems more like a paypal alternative (i.e. the ripple foundation can roll back any transaction at will and has done so in the past)

justinjlynn 9y ago
> has done so in the past Which?
xorcist 9y ago
In all fairness, so has the Ethereum Foundation with the DAO and the latest Parity hack is not unlikely to be next.
- woah 9y ago
  The difference is that the DAO hardfork was not done by the Ethereum Foundation. It was recommended by the Ethereum Foundation and the actually done by the vast majority of miners, in consensus.
  - justinjlynn 9y ago
    No, seriously; which transactions were reversed? I'm unaware of any such thing occurring on the network. The construction of the network/consensus protocol means that Ripple would have to get a majority of all validators on the majority of everyone's UNLs to lie to reverse a transaction. Ripple likely does not have such influence /or/ if they do, then you are free to select a larger UNL set, along with the rest of the community, such that they /do not/.