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This article lacks any context whatsoever. XRP is still up from yesterday. Up 100% since last week. Also Coinbase has not said that it will not add XRP, just th
by pat2man 9y ago
This article lacks any context whatsoever. XRP is still up from yesterday. Up 100% since last week. Also Coinbase has not said that it will not add XRP, just that they haven't made any decisions yet.
- anonova 9y agoGiven XRP goes against their current "Digital Asset Framework" for adding new tokens/coins, I don't see it being added anytime soon without revision: https://www.gdax.com/static/digital-asset-framework-2017-11.pdf https://www.gdax.com/static/digital-asset-framework-2017-11....
- iMuzz 9y agoWhat about Ripple goes against their current Framework? Don't know much about Ripple...
- anonova 9y agoTo name a few: * "1.1.4 Decentralization" Ripple controls what nodes are used on their network (validators). Can you run a validator? Sure, but note that Ripple, and thus the network, aren't going to use it anyway [validator]: > At present, Ripple (the company) cannot recommend any validators aside from the 5 core validators run by Ripple As I mentioned in another comment tree, this is a distributed network, not a decentralized one. [validator]: https://ripple.com/build/rippled-setup/ https://ripple.com/build/rippled-setup/ [registry]: https://ripple.com/dev-blog/validator-registry/ https://ripple.com/dev-blog/validator-registry/ * "6.1.2 Token Utility" XRP current has no useful use cases. Institutions experimenting with Ripple are not using the public network but their own private RippleNet, which does not use XRP tokens [ripplenet]. [ripplenet]: https://ripple.com/files/ripplenet_brochure.pdf https://ripple.com/files/ripplenet_brochure.pdf * "6.2.3 Team Ownership: The team stake retained by the team is a minority scale." Currently, 38 of the 100 billion total XRP is in circulation [marketcap]. The developers were "gifted" 80% of all XRP upon its creation [distribution]. Ripple and its owners still hold the majority of all XRP. [marketcap]: https://coinmarketcap.com/currencies/ripple/ https://coinmarketcap.com/currencies/ripple/ [distribution]: https://web.archive.org/web/20150806120942/https://www.ripplelabs.com/xrp-distribution/ https://web.archive.org/web/20150806120942/https://www.rippl...