Topic: RIPPLE a clearing house not really a crypto (Read 373 times)
I would say any crypto is open to government or private messing with it. You just need enough money to buy 51% or a little higher hashing power and you can do whatever you want for the most part. Just no government has done it yet. They could though.
Ok due to needing to be on the Unique Node List, and the well arbitrary nature of how you end up on it, or not means ripple is not free to join.
It them seems reasonable to say ripple is not a crypto as you are not free to join, despite the fact that you need a lot of Hash power to join say btc or a good stake to be a node in DSH, or be worth while in say other pos coins, you can still join at will which brings in mroe or less free market forces as the market players can enter at will.
The implications as the to ultimate utility of ripple, seems to be a half way house to a BTC or other more decentralized actual cryptos that any one can actually join.
I'm not saying XRP is evil or bad, just that it's place may be good in the medium term but does not seem to be a longer term solution as it is open to political manipulation.
For example concerted action say by us and eu legal order could force on or off certain UNL's from the network without user knowledge.
I would be interested in anyone input in if you can run modified code on a UNL that will give back fake info about your XRP or otherwise lock it up.
It them seems reasonable to say ripple is not a crypto as you are not free to join, despite the fact that you need a lot of Hash power to join say btc or a good stake to be a node in DSH, or be worth while in say other pos coins, you can still join at will which brings in mroe or less free market forces as the market players can enter at will.
The implications as the to ultimate utility of ripple, seems to be a half way house to a BTC or other more decentralized actual cryptos that any one can actually join.
I'm not saying XRP is evil or bad, just that it's place may be good in the medium term but does not seem to be a longer term solution as it is open to political manipulation.
For example concerted action say by us and eu legal order could force on or off certain UNL's from the network without user knowledge.
I would be interested in anyone input in if you can run modified code on a UNL that will give back fake info about your XRP or otherwise lock it up.
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