Ive just read that Ripple coin is centralised SO ITS a scam.True?

Sukrim

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Quote from: Duomo on February 05, 2014, 05:20:58 PM

I recommend people new to crypto currency not get involved with ripple, it is centralized with backing from wealthy investors who surprising hold large amounts of ripple. Bitcoin, especially Litecoin and Doge is the crypto-currency to get involved with.

It looks like you confuse Ripple (the decentralized exchange) with XRP ("ripples") the native asset/cryptocurrency there.

Since XRP are given away cheaply or for free, I would not recommend people to invest serious money in XRP - if you are just interested in them (or in trading them or other things on Ripple) they are probably the easiest cryptocurrency to get a hold of via computingforgood...

anderl

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Quote from: Duomo on February 05, 2014, 05:20:58 PM

I recommend people new to crypto currency not get involved with ripple, it is centralized with backing from wealthy investors who surprising hold large amounts of ripple. Bitcoin, especially Litecoin and Doge is the crypto-currency to get involved with.

Agreed

Duomo

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☃

I recommend people new to crypto currency not get involved with ripple, it is centralized with backing from wealthy investors who surprising hold large amounts of ripple. Bitcoin, especially Litecoin and Doge is the crypto-currency to get involved with.

gpucoolingmethod

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Ok I agree its not a scam but it is centralized .

Do you think people new to cryptocurrency would prefer Ripple though over Bitcoin or altcoins?

MoonShadow

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There are two parts to Ripple. One part is a peer to peer credit system, within which any currency unit can be used. The other part is Ripple, the currency. It's not even a cryptocurrency, they are just digital tokens. Yes, they are issued by a central authority, so Ripple (the currency) is centralized. That doesn't mean that it's a scam, but I wouldn't use them personally.

northranger79510

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Riecoin and Huntercoin to rule all!

Its not a scam but its not a good cryptocurrency. I think it is a nice investment.

To me, cryptocurrencies are all about financial freedom and ripple is stripping financial power away from the people.

BittBurger

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No. Ripple is not a scam.

I don't know what it is with you guys on this forum (and in the crypto world) and your misuse of the term "Scam".

Do any of you comprehend that scam must include intent to deceive? Intent to defraud? Bad intent?

Ripple is a product. Its not a scam.

Its a thing. Its a concept. You may not agree with premining. But its not claiming to be a decentralized currency.

Its hoping to be a backbone possibly one day, of the established banking systems.

Maybe much more.

But no. The company wasn't created in an attempt to defraud people. Its just a different concept.

If you are anti-centralized economic systems, then you are "not a supporter" of Ripple.

Thats all.

-B-

andhar

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Yeah and i just read that Jesus is comming back to damn those who doesn't do crack!

Link!: REMOVED

TKeenan

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Quote from: gpucoolingmethod on February 05, 2014, 02:50:36 PM

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Confirmed: Ripple = Scam.

No doubt about it.

gpucoolingmethod

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Topic: Ive just read that Ripple coin is centralised SO ITS a scam.True? (Read 858 times)