Topic: Is Ripple really a cryptocurrency? - page 2. (Read 153 times)
"Some people say..." Well, some people are too lazy to actually read what Ripple is about. There is a whitepaper. The thing about Ripple is that it is a private company, not really decentralized, and it is there to help the banks reduce some international transaction costs and do them in a much more efficient way. Among many other things. So please do your own research and don't rely on what "some people" say.
Some people are saying Ripple has nothing do to with cryptocurrency and shouldn't be counted as one.
Ripple is also cryptocurrency but this is centralized cryptocurrency in crypto platform. This is banking support cryptocurrency so many peoples are not consider the crypto list. Because it is completely against in Bitcoin so many peoples are avoid this coin but this coin also consider in cryptocurrency. 
Ripple is cryptocurrency.
It is not like the other coins, because it is centralised and this is presenting the opportunity to be controlled and manipulated.
It is not like the other coins, because it is centralised and this is presenting the opportunity to be controlled and manipulated.
I do not own XRP and has no plan on buying it. It is a cryptocurrency but lost the essence of being one. It is not fully decentralized, and is only for the benefit of the company.
Some people are saying Ripple has nothing do to with cryptocurrency and shouldn't be counted as one.
Ripple is centralized and is manipulated by bankers.Now a days XPR has partnership with many financial institutions for payment transfer purpose.XPR is good for short term trading but for long term its not good.Its basically overpriced and shit coin.It can crash any time if you hold it for long time.
They are right.
Ripple itself has absolutely no function.
It is not needed to buy services from ripple, operate the platform, anything.
Literally, the only thing it is for is to trade it and make money off of it.
So why would a company like Ripple even make something with blockchain technology?
Simple: it is so they can get easy funding and cash out.
The majority of XRP is held by the company and they systematically sell it off to cash in.
This is one of the major reasons why people hate ripple so much.
They act like a corrupt big bank (and offer services to big banks).
Ripple itself has absolutely no function.
It is not needed to buy services from ripple, operate the platform, anything.
Literally, the only thing it is for is to trade it and make money off of it.
So why would a company like Ripple even make something with blockchain technology?
Simple: it is so they can get easy funding and cash out.
The majority of XRP is held by the company and they systematically sell it off to cash in.
This is one of the major reasons why people hate ripple so much.
They act like a corrupt big bank (and offer services to big banks).
The use of Ripple is independent of the Ripple network in general; that is, banks don't actually need XRP to transfer dollars, euros, etc
which is what many small investors might be missing when they are buying the token.and also cause a few insecurities
But seriously, ripple on the long term is worth the risk
which is what many small investors might be missing when they are buying the token.and also cause a few insecurities
But seriously, ripple on the long term is worth the risk
No you cannot say that Ripple is a real cryptocurrency. It is looks more like a centralized system, which is the the very opposite of what a good cryptocurrency should look like. For me, Ripple is a sort of banking system for transferring value. That being said, I do think Ripple has its place in the current constellation of things, probably as a new type of payment technology.
https://arewedecentralizedyet.com/
This website shows some centralization data
Take a look ate ripple here.
Fully centralized. But I agree, they have a place in the cryptocurrency world.
Many are confusing the RippleNet with xrp. Ripple is a cryptocurrency but it's bashed because it contains centralized features which notably is the number of coins help by the dev or start up itself.
Ripple is a cryptocurrency
Ripple is a cryptocurrency
No you cannot say that Ripple is a real cryptocurrency. It is looks more like a centralized system, which is the the very opposite of what a good cryptocurrency should look like. For me, Ripple is a sort of banking system for transferring value. That being said, I do think Ripple has its place in the current constellation of things, probably as a new type of payment technology.
Ripple CEO Brad Garlinghouse said at the Yahoo Finance Conference in February: I don't use Ripple as a crypto currency. It is not a currency. Companies seem to prefer the term "digital assets."
Some people are saying Ripple has nothing do to with cryptocurrency and shouldn't be counted as one.
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