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> Ripple Centralized.

by contrarian_ 9y ago

konschubert 9y ago
So what. I love decentralized crypto stuff. But let's be real, most people don't care how their payments are processed.
- pera 9y ago
  I think those people are OK with Visa, MasterCard and PayPal.
  - konschubert 9y ago
    Yes, and this is exactly the market to go for if you wanna go beyond the speculators and crypto nerds (like me).
  - Casseres 9y ago
    So then why do those people need a cryptocurrency?
    - martinko 9y ago
      They dont, thats the point.
- Anderkent 9y ago
  Sure; but at that point why tie your payment processing protocol to a premined external company, instead of going with something like R3's Corda? If XRP is actually valuable, the risk of compromise of its huge wallet should be really scary for anyone.
cwkoss 9y ago
I also have concerns about distribution of coins. I get the feeling that there is a cartel that own 90% of the coins and is keeping them off the market to inflate prices.
- StavrosK 9y ago
  That's my concern about RaiBlocks too. I love that it's zero-fee and instant transfer with no proof of work or mining, but the fact that it's only on a few exchanges with a daily volume of 0.003% of the total supply is... dubious.
wsc981 9y ago
Some people might have ethical or technical problems with Ripple, but personally I don't care, as long as it makes some money for me. I own some Ripple, but not much at this moment. In the future I would like to add more to my portfolio, as I believe Ripple will be much less volatile compared to Bitcoin, so that would give more ease of mind. Of course, the profits are likely less as well.
- Obi_Juan_Kenobi 9y ago
  That's fine, but it's really just different from a cryptographic currency. It should be seen as a bank settlement service company, and be treated as such. You can trade the token, which is weird, but it's more like a company stock than anything else.
agumonkey 9y ago
Truth lies in the middle, probably people would sacrifice purity for other apparent benefits
ForRealsies 9y ago
Ripple is the vehicle the Central Banks use to influence crypto. It's meteoric rise is premeditated.
shepardrtc 9y ago
It is becoming more and more decentralized as time goes on. From May of last year: https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/ https://ripple.com/insights/how-we-are-further-decentralizin...

> Ripple Centralized.

konschubert 9y ago

So what. I love decentralized crypto stuff. But let's be real, most people don't care how their payments are processed.

pera 9y ago
I think those people are OK with Visa, MasterCard and PayPal.
- konschubert 9y ago
  Yes, and this is exactly the market to go for if you wanna go beyond the speculators and crypto nerds (like me).
- Casseres 9y ago
  So then why do those people need a cryptocurrency?
  - martinko 9y ago
    They dont, thats the point.
Anderkent 9y ago
Sure; but at that point why tie your payment processing protocol to a premined external company, instead of going with something like R3's Corda? If XRP is actually valuable, the risk of compromise of its huge wallet should be really scary for anyone.

cwkoss 9y ago

I also have concerns about distribution of coins. I get the feeling that there is a cartel that own 90% of the coins and is keeping them off the market to inflate prices.

StavrosK 9y ago
That's my concern about RaiBlocks too. I love that it's zero-fee and instant transfer with no proof of work or mining, but the fact that it's only on a few exchanges with a daily volume of 0.003% of the total supply is... dubious.

wsc981 9y ago

Some people might have ethical or technical problems with Ripple, but personally I don't care, as long as it makes some money for me. I own some Ripple, but not much at this moment. In the future I would like to add more to my portfolio, as I believe Ripple will be much less volatile compared to Bitcoin, so that would give more ease of mind. Of course, the profits are likely less as well.

Obi_Juan_Kenobi 9y ago
That's fine, but it's really just different from a cryptographic currency. It should be seen as a bank settlement service company, and be treated as such. You can trade the token, which is weird, but it's more like a company stock than anything else.

agumonkey 9y ago

Truth lies in the middle, probably people would sacrifice purity for other apparent benefits

ForRealsies 9y ago

Ripple is the vehicle the Central Banks use to influence crypto. It's meteoric rise is premeditated.

shepardrtc 9y ago

It is becoming more and more decentralized as time goes on. From May of last year: https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/ https://ripple.com/insights/how-we-are-further-decentralizin...