Is there any centralized coin that accepts it is centralized?

damberg

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Quote from: DaMut on November 08, 2018, 04:52:33 AM

no, all of them claimed to be decentralized instead of centralized. but admit it when peoples were showing the proof to them.
XRP, NEO, NEM, CARDANO and ETH(it can be considered as one, well i called it pseudo-centralized).

Quote from: damberg on November 05, 2018, 03:23:09 PM

Quote from: talkbitcoin on October 30, 2018, 06:33:04 AM

we all know about the centralized coins that are always pretending they are decentralized. for example XRP is the most centralized coin of all times but every time they advertise it they claim it is not. the same with a lot of others.

so i was wondering if there is a centralized altcoin that accepts it is centralized and is transparent about it?
i am interesting in knowing how successful a centralized but transparent altcoin can be compared to a centralized but lying altcoin.

Petro currency issued by Venezuelan government is quite clear about being run (and dominated) by Venezuelan government. This case is rather a lecture from villain monetary policy than a real use case for cryptocurrency.

is this still running ? because the volume looks so weak, i thought they were abandoning this project.

It is still running as far as I know, they try to limit access to petro to non-Venezuelan people (to avoid speculation). The whole petro thing is only about "printing new money" to a heavily distressed economy, they have tried lots of ways to increase money supply.

NeuroticFish

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Quote from: eagleman on November 08, 2018, 06:28:57 AM

How about those stable coins?

The stable "coins" are usually tokens. And the tokens are, network wise, as decentralized as the underlying coin is (usually Ethereum). Even Tether has Omni and the ERC 20 token.
Of course, the issuing of tokens is centralized, since they are not mined or anything.

eagleman

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Perfect example for Ripple that they are a coin that never accepts they are a centralized coin.

Quote from: Vanderbleek on November 08, 2018, 05:38:52 AM

I simply do not get it, because XRP in not a crypto currency.

They keep on saying that they are a cryptocurrency and they said XRP is the coin while Ripple is the company.

How about those stable coins? aren't they also a coin that are centralized?

E.g Tether

Vanderbleek

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Ripple is the only coin that I know. But I still cannot understand people that are involved in the crypto currencies market, that are investing in a centralised coin. I simply do not get it, because XRP in not a crypto currency.

bitkanu

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Quote from: DaMut on November 08, 2018, 04:52:33 AM

Quote from: damberg on November 05, 2018, 03:23:09 PM

Quote from: talkbitcoin on October 30, 2018, 06:33:04 AM

we all know about the centralized coins that are always pretending they are decentralized. for example XRP is the most centralized coin of all times but every time they advertise it they claim it is not. the same with a lot of others.

so i was wondering if there is a centralized altcoin that accepts it is centralized and is transparent about it?
i am interesting in knowing how successful a centralized but transparent altcoin can be compared to a centralized but lying altcoin.

Petro currency issued by Venezuelan government is quite clear about being run (and dominated) by Venezuelan government. This case is rather a lecture from villain monetary policy than a real use case for cryptocurrency.

is this still running ? because the volume looks so weak, i thought they were abandoning this project.

I never heard this thing again aftere there was a huge increase to the price of oil for each barel. i guess so many countries are considerig petro as the worst thing in the economic history and they have been calling it as another scam. They have been abandoning this project.

DaMut

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no, all of them claimed to be decentralized instead of centralized. but admit it when peoples were showing the proof to them.
XRP, NEO, NEM, CARDANO and ETH(it can be considered as one, well i called it pseudo-centralized).

Quote from: damberg on November 05, 2018, 03:23:09 PM

Quote from: talkbitcoin on October 30, 2018, 06:33:04 AM

we all know about the centralized coins that are always pretending they are decentralized. for example XRP is the most centralized coin of all times but every time they advertise it they claim it is not. the same with a lot of others.

so i was wondering if there is a centralized altcoin that accepts it is centralized and is transparent about it?
i am interesting in knowing how successful a centralized but transparent altcoin can be compared to a centralized but lying altcoin.

Petro currency issued by Venezuelan government is quite clear about being run (and dominated) by Venezuelan government. This case is rather a lecture from villain monetary policy than a real use case for cryptocurrency.

is this still running ? because the volume looks so weak, i thought they were abandoning this project.

Herbert2020

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Quote from: MadGamer on November 02, 2018, 04:10:52 AM

I honestly think that Ripple is the most open about it,

strange because every time that i hear one of their owners talk about their token, they clearly advertise it as a decentralized cryptocurrency! on their website they only mention the affiliation with banks they never admit that their token is centralized though.
i don't know how you are saying this.

CaMeRoNy

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Almost half of the market consists of centralized coins, so I think that it is not necessary to focus on this. What many people are talking about this year."..Whales manipulate the cryptocurrency market..."this is a consequence that even if the coins are not such as Ripple, it is still very large amounts are in the hands of certain people.

fasdorcas

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Ripple probably does. I mean I have never checked if they accept it or not but it would be really silly if they are not accepting it. They own over 50% of all the coins and basically control the blockchain as well, they can make any changes they desire and take away all the ripple in the world if they want to or give themselves ten times the amount and make yours not worthy anything. Basically anyone who ever owned ripple trusted the company first.

If you do not trust the company than you should not approach to the coin itself. Like I said I am not sure and I did not checked if they accept it but they are by far the most obviously centralized coin out there. If anyone holds the power to change the blockchain however they wish to, even if they don't do it it still means there is a risk of it for the future.

damberg

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Quote from: talkbitcoin on October 30, 2018, 06:33:04 AM

we all know about the centralized coins that are always pretending they are decentralized. for example XRP is the most centralized coin of all times but every time they advertise it they claim it is not. the same with a lot of others.

so i was wondering if there is a centralized altcoin that accepts it is centralized and is transparent about it?
i am interesting in knowing how successful a centralized but transparent altcoin can be compared to a centralized but lying altcoin.

Petro currency issued by Venezuelan government is quite clear about being run (and dominated) by Venezuelan government. This case is rather a lecture from villain monetary policy than a real use case for cryptocurrency.

organelles

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Yes ripple is a centralized coin that is open about the fact that the coin is centralized, for others though I cannot be sure because most of them are not forthcoming about their coin and the kind of project that the coin is. The reason behind this is that they know that not alot of people are interested in investing in centralized coin since they do not trust them

MadGamer

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I honestly think that Ripple is the most open about it, If you visit their website you'll clearly see that they claim to deal with banks etc. so they're not really hiding it.

A coin usually won't be open about this kind of info because everyone knows that crypto enthusiasts are more interested in decentralization, privacy, safety etc.

The only type of centralized coins that would work are the ones created by the governments and that would only work with people who don't trust the current cryptosystem, mostly the elders.

talkbitcoin

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All I know is that I know nothing.

we all know about the centralized coins that are always pretending they are decentralized. for example XRP is the most centralized coin of all times but every time they advertise it they claim it is not. the same with a lot of others.

so i was wondering if there is a centralized altcoin that accepts it is centralized and is transparent about it?
i am interesting in knowing how successful a centralized but transparent altcoin can be compared to a centralized but lying altcoin.

Topic: Is there any centralized coin that accepts it is centralized? (Read 124 times)