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RE: Why Raiblocks Will End as a Pump & Dump

in #raiblocks7 years ago

I completely agree the rise of XRB has been insane. However I think you're glazing over the fundamental value of XRB.

It is a true decentralised cryptocurrency and it's actually working. So lets take a look at some of the other cryptos that are ahead of XRB
XRP - fast and low fees, centralised
IOTA - fast and free transaction, centralised (coordinator) and not working
Bitcoin - slow, high fees and centralised (miners)
Litecoin - centralised (miners)

I agree it's not going to #1 on CMC, but it deserves a spot in the top 10. Why? the whole cryptocurrency space was founded on Satoshi's vision, a truly decentralised trustless currency. XRB is the only one that really matches up to the original vision.

Happy to see other people's thoughts on this.

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Seems like it was having issues earlier today on XRB’s biggest exchange. https://twitter.com/bitgrail/status/948204439403417602

That's why rai.exchange is being actively worked on to address bitgrail's longstanding problems

Yes - this has already been addressed. You will probably find that it's the incompetence of BitGrail than XRB. BitGrail was running 1 node to process all the deposits and withdrawls... ONE NODE.