Technology-wise, Ripple (XRP) is a cryptocurrencey. It’s clear and no one can take that away from them. Ideologically-wise they are not, because it is centralized and controlled by banking institutions, and this is not what cryptos set out to be in the first place. That being said, for what’s worth, it would be good to have a “case study” of what a centralized coin looks like and how well they perform. More and more cryptos may become centralized in the future; ideological values can, and will change in some scenarios.
Topic: Is Ripple a true Cryptocurrency? (Read 375 times)
Ripple is a token and I believe that it will support and make bank's work much easy in future so Ripple is true.
You become a Full Member and yet you don't know that Ripple is not a token? It is a coin. A cryptocurrency wherein more than 7o% of it were owned by the banks. It is said to be centralized. I suggest that you should read more about altcoins.
Crypto currency is centralised one but Ripple is de centralised 70% owned by Banks.
Ripple is a token and I believe that it will support and make bank's work much easy in future so Ripple is true.
Yes.
They provide a cryptographic means for two people to exchange values. This is the essence of a Cryptocurrency. Of course, decentralization is a very important thing for a currency to be successful. But it is not essential when considering whether or not something is encrypted.
They provide a cryptographic means for two people to exchange values. This is the essence of a Cryptocurrency. Of course, decentralization is a very important thing for a currency to be successful. But it is not essential when considering whether or not something is encrypted.
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 never consider XRP as crypto currency for:
1- they are centerlized
2- their admins from banking network
3- they hold some of your money as seed.
there are so many crypto currencies like ETH and NEO, u can use them.
Ripple has high volume on exchanges. This is most important. I dont care it is a true cryto or not,hehe.
Why not? Of course ripple is a cryptocurrency and it is one of the most useful and famous crypto now, the marketcap of ripple is the top 3 right now.
If we should research more about how ripple community now gathered more demands, difinitely we can't question how legit this currency is. Being informative will give us confidence that the investments with ripple is worth an assurance. Being a part of its community, many will have an interest due to its popularity right now and that top 3 of ripple in the marketcap is the great proof.
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 don't think that the ripple are cryptocurrency. We know that the cryptocurrency are the digital coins or online coins that no one can manipulate or no one can control it. But we know, the ripple is manipulated by banks. They create a coin that have an earnings to them. Although it have a good performance in the market.
I think Ripple can not be classified or said to be the correct crypto because it is not independent. It has central control over the banking industry. Though the idea is a cashless transaction.
yes it is. if you see ripple on some other crypto-currency exchange, meaning it is belong to crypto-currency. even it is not a decentralized one, ripple classified as crypto-currency.
Ripple is not a true crypto currency because it is controlled by a company meaning unlike bitcoin it is not decentralized. Ripples aim is to settle a cross border payments faster and cheap. Since it is controlled by a company it can not be called a true crypto because crypto currency operates independently and doesn't need a third party to operate.
I envision a world that is environmentally friendly through global adoption and growth
share and circle.
share and circle.
Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.
I agree with you. It is a bluechip, Maybe the bottom is made. I hope that it hits $3 in 3 months.
Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.
Why not? Of course ripple is a cryptocurrency and it is one of the most useful and famous crypto now, the marketcap of ripple is the top 3 right now.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Cryptocurrency is a digital currency that used in the internet or online to buy things and negotiations make faster. So if this is used,then it is a cryptocurrency. Yeah.for me ripple is a cryptocurrency too. Because it is an online momey it is only different in creation and other that this cryptos are in centralized
I would say no, because Ripple is missing one of the main criterion of cryptocurrencies which is decentralization.
What is Ripple? Technically speaking, is Ripple a cryptocurrency in the mold of Bitcoin? The short answer is probably “no,” but that doesn’t stop it from often being lumped into that same category.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Not all cryptocurrencies are decentralized, some of them are centralized like ripple. Ripple is still classified as cryptocurrency, but the way it was developed and operates are different from other cryptocurrencies. It is built upon the idea of distributed ledger which requires parties to participate in validating transactions rather than any singular and centralized authority. So ripple is more centralized cryptocurrency in a decentralized space.
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.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Cryptocurrency consists of Crypto and Currency, so when viewed in terms of language then it means "Secret Currency", because Crypto means Secrets and Currency is Currency. This meaning is somewhat similar to the sense in terms of the term, namely "Currency of a digital and secret"..The first cryptocurrency made is Bitcoin, so Bitcoin is most famous everywhere. Bitcoin is made by an "Anonymous" named Satoshi Nakamoto. 
Is ripple a cryptocurrency? Yes atleast by logic it's completely on Internet and Crypto graphy but it is not comparable to Bitcoin or litecoin because both of these are decentralised. XRP is a currency controlled by a company called ripple, Ripple has every rights to close down their currency but it is not possible in Bitcoin. XRP is useful for banks not for people.
I do not remember I've already said something in this thread about my negative attitude to the Ripple project or not. But in any case, for today I'm rather negative about the Ripple project, because I do not consider Ripple for crypto currency, for many reasons
XRP is not true crypto curency holding by Centralized Database and already 80% coins are premined owned there is no way to control this coins by community . Its not a true crypto currency supporting this coin would be dumb decision
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.
Indeed. It is just a closed payment mechanism, like Paypal, Visa or Mastercard but with a blockchain ledger.
Ripple is centralized crypto, but i think it has good future, and it is good for investment.
Ripple isn't independent coin,so it's not true cryptocurrency.
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.
crypto space completely agains banks and their fuckin financial systems, but xrp working with them and this is completely different than crypto theory, so, xrp is not a true cryptocurrency.
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.I don't think cryptocurrencies are always need to be decentralized but we know that ripple is centralized, it is not like bitcoin, doge or digibyte so better to invest knowing it is centralized.
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.
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.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
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