Topic: Is Ripple a true Cryptocurrency? - page 2. (Read 385 times)
no ripple is not a cryptocurrency, even ceo says its not. they call it a digital asset, and goal of xrp is not to buy coffee with it. it's an asset to transfer value quickly.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
I think the answer is yes because ripple has become a pioneer of blockchain technology for the scope of the bank. I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
A ripple is necessary for businessmen from the banking sphere, but in no way to simple investors. So do not invest in this coin, it actually destroys the concept of crypto currency. I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
What at Ripple without blockchain and mining doesn't mean that it is not cryptocurrency. Ripple is a worthy addition to bitcoin as the payment protocol though of course between two of these cryptocurrencies there is a big difference in the scheme of work. And besides the system of payment gateways Ripple is the calculation method, alternative for banks, which was more protected, fast and cheap, than already used traditional. 
I wouldn'g say ripple is a true cryptocurrency as the main thing about crypto is that it presents a decentralized system, while ripple is not true decentralized because the owners own most of the ripple available.
Also, you can also connect a node to the network if Ripple Labs accept you, and they usually only let companies such as IBM to set up nodes.
It's not decentralized in any way, it's completely centralized from the code level, and that's the reason it can't be considered to be a cryptocurrency.
Also, you can also connect a node to the network if Ripple Labs accept you, and they usually only let companies such as IBM to set up nodes.
It's not decentralized in any way, it's completely centralized from the code level, and that's the reason it can't be considered to be a cryptocurrency.
I see Ripple as the big banks' way of getting into the crypto game. All the alt-coins were booming and Wall Street didn't have an inside man on the show, so they built their own "coin", listed it, marketed it, profited off of it. And that's fine because they are building a great product, a great brand, and they are helping the mainstream ease into crypto. Ripple won't take over. It's just a slice of the pie.
Based on the information I happen to read, Ripple is a true currency but it is not designed for use by ordinary people wherein is designed as currency to be used by banks. It’s purpose is supposed to be used to make resolutions and cross-border payments faster and cheaper for the banks. More people latch on to the idea that this will be the most widely assumed crypto by the biggest financial establishments in the world.
Although the ripple is technically a crypto currency, but in fact it is a centralized coin, but I believe that it can bring good profits. I think over time, states will introduce some of their centralized coins to try to somehow regulate the crypto currency.
I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.
Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.
this is a hacked account - this has been my account for 3 years but was hacked in Dec and now this hacker is using it
I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.
Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.
this is a hacked account - this has been my account for 3 years but was hacked in Dec and now this hacker is using it
Haha -- really? Do you have any proof of this? I will post a note under that account's Trust if you can offer some proof that is your account.
if i read correctly, ripple didnt start off as a crypto. It was when Jed and Larsen got it they tweaked it to become crypto
of course, this is a true crypto curencie, my only problem with it is that's bank crypto currencie, crypto currencie were created to bypass banks and now they come in, to get their share
I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.
Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Ripple is a true cryptocurrency because it has an alternate finite value in dollars. It does not mean that if a coin does not rely on the blockchain, it is not a legitimate currency. I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Cryptocurrencies are meant to be decentralized which XRP doesnt qualify,xrp is centralized coin by these bankers so if i were you i wont invest in XRP to protect our community and to be safe from a manipulated coin.lol are you serious 97% BTC are held by only 4% of addresses this is what a see like manipulated coin, all the crypto is manipulated, you are blind if you not see that...
As others have already said, Ripple fits the definition of a cryptocurrency, but it goes against everything that Bitcoin and the community that sprang up around it stand for. Satoshi envisioned and set out to create a digital currency that was outside of anybody's control and that was accessible to the entire world when he created Bitcoin. Ripple has neither of those qualities so it's no wonder that so many people, including myself, detest it. I won't lie though—I bought into it when it was trading at $0.05 and traded it off and on until it hit $3. While I don't support the idea behind it, I could see that there was money to be made in trading it. The tech behind it seems sound enough, and many people, from the big bankers to average people, find the idea of a fiat-like centrally-controlled currency comforting since it's something that they are already familiar with.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Well, yeah, it's a true crypto of course. Even though it's backed by banks and is very corporate, it's still a crypto at the end of the day.
On a technical level it's a cryptocurrency indeed, but a centralized corporate one. I guess we'll see more of this kind in the future.
Exact answer
I agree with you, in the future most of coins will be of this kind but it will also make decentralized ones more valuable and rare.
Ripple can't be classified as true cryptocurrencies because it is not independent. It has a central control over the banking industry. Though the idea of it is cashless transaction.
One can invest in it because it will jack back again and who ever that invest will not regret it.
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