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RE: RIPPLE (XRP) Is Becoming a PROFIT TSUNAMI!! Target $4.11 (200% Profit Potential)

in #bitcoin • 7 years ago

Ripple is not a real crypto currency. Developers own 20% of all tokens, then can crash the market anytime. There is no proof that one day bank will use Ripple.

7 years ago in #bitcoin by
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     7 years ago 

    You are nearly as good as @berniesanders at FUD.

    1. Developers coins are locked in Escrow, which gives investors the confidence that they can not crash the market.
    2. Spend 30 seconds doing some basic research and you will see that there are already a number of banks either using ripple or busy testing it before making it mainstream. That of course may not be enough proof for a FUDSTER
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     7 years ago 

    Ripple is not mineable, it is a centralized database controlled by a few persons. Instead of accusing people of FUDSTER, do your own research please next time, thanks.

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     7 years ago 

    I have done my research and Ripple is no different in that respect to BTC - controlled by a few people (As in the form of the big mining groups) as are all mined coins. At the end of the day the vast majority of coins out there are by definition Centralised, even though everyone believes they are decentralised. They are controlled by a small number of powerful mining groups. The only Truly Decentralized coins are BTS, Stellar, EOS etc.

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     7 years ago (edited)

    EOS blockchain does not even exist yet... If one day EOS exists (it is clear in the EOS website there is no guarantee about it), EOS will be controlled by 21 "producers" (let's call them "miners" to simplify), but they will be elected by votes like Steem, it is intermediate between centralization and de-centralization.

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     7 years ago 

    Banks use RippleNet and they don't need XRP as a means of exchange. We the people are only buying these worthless coins and that's the only thing driving the price

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     7 years ago 

    well said, "worthless coins"

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     7 years ago 

    Do you understand the use case for the XRP token on the XRAPID network ?? Before you sit there espousing your wisdom i suggest you do a bit of research re Nostro/Vostro and SWIFT interbank transfers to understand what you are talking about

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       7 years ago 

      The proof is in the deals with Japan and South Korean Banks who are signed up. Ripple labs proved a super fast transactional speed test and thus this is a functional business product in which it will sit on top of banks to transmit digits of money, hence it is a real crypto currency. Moving high volumes of money through countries across borders is very slow prior to what Ripple is offering. What exactly is Bitcoin BTC offering? Oh, "Store of Value" - nothing like the intention of 9 year old white paper of actually having fast transactions and low transaction fees. Quite the opposite! SAD!!!!

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