[dtube] RIPPLE (XRP) Cryptocurrency Review
This is my review for Ripple (XRP) that I posted on my YouTube channel on July 3rd 2017.
Although I still stand by much of what was said in this video, I do think that XRP is currently overvalued. I would NOT invest in XRP at its current price.
Disclaimer: This is not financial advice.
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The bankers are trying to co-opt the crypto market. Most new people are looking for something cheap with low fees and a sense of "offciality". The main point of crpyto was DECENTRALIZATION.
Ripple is definetly not decentralizated and shouldn't even be considered crypto.
how so? it's open source and anyone can run a node!
Company shit fully premined and 0 privacy, how bout that?
It has about the same level of privacy as bitcoin! Premine isn't so bad as the supply still has a maximum limit. I don't really like Google ventures being involved and it certainly aimed at bankers but if it can replace SWIFT I see it as a net positive.
How premine isn't so bad when it's 100% premine.
that's the only way you can have proof of stake which makes it the same like any company your basically just selling shares which can be traded in 5 seconds.
Ripple is POS? lol. What companies have cryptos that have POS? just name one.
Louis, your videos are really informative, thanks so much for them. Question: Considering the ethical issues some have with XRP, I wanted to get your opinion...do you think that crypto can remain 'ethical' in the long run? With so many big players wanting a piece of the pie it got me thinking, 'What's stopping big investors from owning a small fortune of one crypto and have a large influence in its performance?'...for examples
Great question! I think I'll address this in my next Q&A video
Nice review and hope you make good profit, but I don't like XRP, let's see what they do.
I completely understand your POV. I'm not passionate about it in any kind of way either. But it has been very profitable.
yeah I know, I've following you, and I hope you have a very profitable future, but we have to watch out with that people!
Great video. Thanks for sharing. Keep up the good work Louis.
Thank you!
Thanks for sharing Louis! Could you share your thoughts on steem token?
Since $XRP was dissed by the owners of Coinbase, I think the Japanese exchange will finally add it for Asian markets like South Korea and othersm
My thought on Ripple and XRP:
https://steemit.com/ripple/@pada-1/my-thought-about-ripple-xrp
Thanks i will check it
this is my favourite coin
Louis, I have heard banks are testing Ripple network and protocol but not the Ripple coins we buy on crypto exchanges. What's your thought on this?
Ripple wont be successful, bankers will resister it.