Topic: RIPPLE CEO goes on CNN , attacks Bitcoin (Read 750 times)

Free publicizing I presume. He can do whatever he satisfies, yet that does not imply that he has harmed Bitcoin, indeed, he's assisting with the eye to the individuals who do not know Bitcoin. In spite of the very fact that China controls the tons of provisions, that does not mean it'll remain intrinsically . there's a chart online that shows the developing extension of bitcoin supply far and wide after a while .

He is the CEO of Ripple and one of his job requirements is to criticize his biggest competitor, unfortunately, his only competitor is Bitcoin.

Although there is no comparison between Bitcoin and Ripple, still he is trying to make his point by convincing them that Bitcoin is controlled by the Chinese.

Mainstream media has been against Bitcoin from the beginning and this interview shows their new tactics.
 

Ripple is not a real cryptocurrency in my opinion. It's a token, or like frequent flyer points from the airlines. Real cryptocurrencies are closely associated with decentralization, and permissionlessness.

They're not competing. Ripple is a permissioned/centralized network/ledger for banks, Bitcoin is a permissionless/decentralized, censorship-resistant cryptocurrency for everyone.

Money. If you still do not know Ripple, let me introduce it to you. A few guys premine billions. And release it (aka dump it) whenever they want. The courts even already ruled against them,,, to limit their dumping.

Research also shows on Reddit and Twitter there is a huge XRP bot army just shilling every day. You think this does not cost money?

Money buys their fame. Do not fall for it.

true , theres no point of inform that bitcoin being centralized in terms of hash power to One Country. They can do it since they have the power and source to do it. While XRP just doing propaganda many years but still no happening from their latest BS which already felt by many late investors.

This basically has been the mentality of most of the people. They feel like china has most population and they might be ones who are mining most of the bitcoins and hence they are deeply rooted with bitcoins but this actually is not true. Bitcoins being decentralized does not give any authority the power to control them.

It is we (each holder) who might control bitcoins rather than just one country. This guy was trying to make XRP more dominant than Bitcoins which indeed would never be possible. XRP is just another corporate coins but how could they compare it with bitcoins? According to me, XRP is nothing in front of bitcoins and hence btc should be given vast importance.

Watch the part where she asked him if it's securities or going to be classified as such. He couldn't even answer a simple question with yes or no. All he said is  exactly what you hear from used car salesmen. They talk about the question, derail it and never answer straight. "we are going to be working with the US regulators..." what does that even mean? Probably that he doesn't know and also doesn't want to spook his cash cows.

The cost of hardware is comparatively much lower in china as compared to any other country and this might be a major benefit for the citizens of china to start bitcoin mining in minimum capital and fetch good returns. China is a producer of most of the graphic cards and computer peripherals and hence they do have a lot of tools to start their mining farms with.

Moreover, their own country producing the hardware miners does not even make them pay the import taxes which makes is more cheaper for them to buy some miners and start their own mining farm. This might be the reason why china has most number of mining farms. They might even get 100% ROI in 2 to 3 months so why would they not enlarge their mining farm?

I guess it's probably not a paid exposure by the CEP of Ripple, as the media company could really create a conversation about this topic, and probably to increase the awareness of people that blockchain and bitcoin dominance is strong in China which indeed for me, is a complete information manipulation to control people.

On the other hand, if this is a paid exposure, I am certain that the CEO of ripple does really have an intention to attack bitcoin in some sense.

The lady keeps nodding her head. I just really hope she did understood it all.  
Yet he owns bitcoin?!  
Conclusion: So if you are a CEO of one of the top centralized coins in crypto currencies you get to be interviewed by a large media company.
How much did he pay for this? I bet it will be huge chunk of his savings.
Maybe he could sell his bitcoin now to pay for them. Good part is he will keep his (C)Ripple.  

PS: Sorry I don't have sMerits anymore. Would love to share some for the effort.

I have come to learn that a lot of people thinks that China controls bitcoin because majority of the mining farms are in China. I really don’t believe that to be true. Bitcoin is not controlled by any country. The thing there is that China was too fast in adopting bitcoin and that’s why here are lots of mining farms there. If their government was into bitcoin then they wouldn’t have banned bitcoin in their country. The only thing that they couldn’t ban was bitcoin mining because there is no law there that states that mining of bitcoin is illegal.

So, they have decided to allow people to mine bitcoin. There are still lots of other countries that have strong mining farms and even if China drops out I believe that these other ones can definitely pick up.

And don't forget about theprofits they are taking from it. The whole Ripple foundation and their board of directors is earning millions of dollars by dumpingtheir shitcoin on the market.
They were promissing people deals with banks, XRP being accepted as a value transfer coin of centralized fiat banking. It was to allow banks to use the benefits of cheap crypto transactions without the anarchistic views of decentralized crypto.
Years later - nothing. No deals, no banks using it and the price at 10% of what it used to be

I agree with those seeing it as a positive thing for Bitcoin. IMO this move by the CEO signifies Ripple's agony. Ripple was an ambitious project, seemingly it was not supposed to face the challenges Bitcoin did. I mean, Bitcoin is a threat to banks, it's decentralized and has limited supply. Ripple embraces working with banks and authorities, it is centralized and pretty much like fiat in terms of its supply, right? Despite of all that, turns out banks aren't eager to collaborate, and Ripple suffered a huge loss with its price dropping 10 times, basically.

nothings new?this has been same attack they are using since then,that Chinese  has a majority control of Bitcoin but yet what does Chinese stands for Bitcoin?
and Giving "full 21 minutes" of airtime?for what?just for this?they are just proving the desperation of making Bitcoin has negative feedbacks to the people but even how hard they try achieving nothing because people now are mature to believe such accusation while they are promoting their own currencies.

who said they dont have a support from a comunity . course they are mate but not as good as btc and other good coins  . ripple is still a good coin so they still attract some supporters   .  ripple is backed by banks as what ive heard so yep your right with your last sentence  . what i only  dont like is when he say that china controls bitcoin blockchain  , no one controlls it but if he mean the blockchain wallet then yes it is created by some team  and they control and operate it  .

Look look who's talking about controlling the coin  .
Ripple has been releasing new coins out of thin air for a long time now. This basically proves they are the ones who are controlling their platform.
Bitcoin is decentralized with limited supply and hence, it's way better than XRP.

No support from the community, yet they get over 20 minutes on CNN. Did Ripple have systematic support from the start or are they simply good at reaching out to the big banks with their BS?

Lmao, Brad Garlinghouse is a joke, they dump XRP on OTC desks and cause investors to lose money, but then say that Bitcoin is controlled by a foreign entity?

Brah, XRP is 100% centralized and controlled by Ripple.

If XRP is only supposed to be used to provide liquidity to banks and other financial institutions, then why the F is it trading on public exchanges?

There is no excuse to dump XRP in the way they have, such huge chunks at once with a discount too.

STOP HURTING THE COMMUNITY BRAD YOU BASTARD.

One of the most popular transaction today is with the use of bitcoin and according to the previous news that the china already supports the use of bitcoin and most of the population of the people in the china are using crypto currency, and one of the sources of mining of bitcoin is in China. Because of the popularity, it gains many people all around the world, getting more curious about what crypto is all about and how do the people make more earning because of that investment and trading that contributes to the blockchain.

One of the most popular to the bitcoin is on its use because some of the people before it is just for the black market but now we are using this for sending funds because it is more faster and at the same time has a less transaction fee.

This is more like a competition between bitcoin and ripple. This is how I perceive it from the view of the ripples CEO but bitcoin can't be pulled down just with trying to link bitcoin blockchain solely to China. People already know bitcoin is decentralized.

That's the wrong attitude, and the wrong assumption.

What/who secures the network?


Another wrong assumption. Highest market-cap, will not make Ripple "the best".


He believes "Bitcoin should go down, for Ripple to go up", but reality, if Bitcoin goes down, every shitcoin goes down.

People always like to change the narrative, one thing is true that the majority of the mining farms are in China but that does not mean that they control the network and that is the false narrative he centralized Ripple CEO wants to convey,

This happens only in centralized shit coins like these, no consensus nothing, they can add anything they want and hence i would have less trust in these coins as you never know whether they will sustain in the next ten years.

BTCitcoin is not a centralized coin with a CEO and hence we do not have a popular voice now, earlier we had Roger Ver who speaks on behalf of the community and once he joined the other faction we have no voice to represent in the media.

Hope he told CNN how he has retked XRP investors and holders by dumping huge coin on the market thereby diluting the market. Why can't him just concentrate on his shit project and leave the people coin alone. From his lashing out, this will make more person to want to research about bitcoin and invest in it.

This people have come again with their bad mouth about bitcoin. It would have been better if it is someone that does not benefit from the technology that is attacking bitcoin but an intellectual whom we could have think will protect bitcoin and grow his own project ripple independently. It is a shame that he is playing a dirty game because XRP will never surpass bitcoin. He should have put together this energy into developing his own project and explain to the masses may be the allegation the people have against them is true or false.

CNN could give him a year to keep saying these things every day that nothing would change. There are currently thousands of people who form this large bitcoin community, something small like what he is talking about will not destroy bitcoin and this large community. He will be talking badly about bitcoin for people to look at his altcoin which is not successful and that in a few years will surely die

If bitcoin is controlled by China, so what?
Ripple CEO keep talking shit about bitcoin because they can't beat bitcoin, they will stay in top 3 but will never beat bitcoin.
They also have to remember that without bitcoin this crypto market will not be this big, so attacking bitcoin is just like attacking people who supported it and we are a big community, not only chinese who are investing on bitcoin.

If people are that easily convinced of something that isn't true, then please be happy that they aren't going to invest in Bitcoin. They don't contribute anything to Bitcoin anyway, and these people usually are so low on funds that they will buy a shitty few penny altcoin and rekt themselves hard there.

In the end, the more of those high level entities talk bad about Bitcoin, the more they see it as a threat to their own project. If something wasn't a threat, they would ignore it and focus on what they do consider a threat because it takes away market share and capital from their own project.

Another aspect that's very contradicting to his story is that he is exceptionally bullish on Bitcoin and holds quite a significant stack of coins. Why would he do that if Bitcoin was controlled by China? 

Good or bad publicity is still publicity,
They could tell what they want but if the people are smart enough then eventually the truth will be revealed.
Surely people who would gain interest in crypto would search for it if it's true or not.
So we shouldn't be worried about it and for sure people who are using crypto wouldn't easily be fooled by it.

I will not waste my time to watch the video, but maybe everyone should watch THIS video in this tweet, https://twitter.com/bitcoin/status/1225544194946555904

China, the miners, don't control Bitcoin. Newbies, learn who/what actually secures Bitcoin.

I sad thing is that some people might believe the shit that he is talking about.Noobs that don't know how the blockchain works might think that the entire BTC system depends on the Chinese miners and without them,Bitcoin is doomed,which isn't the case.Anyway,It's normal for an altcoin developer/owner/CEO to shit on Bitcoin.This is the only way they could possible pitch their shitcoins,by screaming "bitcoin sucks,our coin is better than bitcoin",but they fail to explain why it's better.Some people even doubt that ripple is an actual altcoin   

This is so good to see,,, that this forum is full of people who can see through the rubbish of Ripple and the people behind them. For me, I do not really like to point out and argue and say this is better than that, but when you have an altcoin ceo who goes out and says lies like this, then it puts them in category of scam for me.

Let's not forget for one moment that Ripple are basically a Bank coin. They have been sucking up to the Banking industry for years and they even showed that they can mimic the Reserve Bank, by randomly increasing their coin cap. 

They were also the first technology that forced people to reveal their real identity to claim some FREE tokens, when they launched it back in the day. You were required to give your Facebook account identity, to be able to claim your first Ripple coins. 

So, let's take negative comments from a Bank coin and our competition with a pinch of Salt, because we know it is filled with hidden agendas. 

It's even far far worse than Proof of Stake or pretty much any other algorithm. Ripple just printed 100% of XRP out of thin air and sell them to their bagholders. Fucking LOL.

hmmm and what is that al gore rythmn for mining ⛏ it.

where do i get me my xrp miner?

oh thats right there are no xrp miners.

what a joke ripple.  or any and all pow coins.  my bad pos coins

if the coin does not have an algorithm it is simply a digital junk bond.

XRP is simply a garbage that literary nobody has ever wanted. from regular users who only get involved in the trading part whenever there is a pump to increase their "bitcoin" wealth down to all those banks and partners they keep boasting about, none of them give a shit about XRP they want the technology (Ripple) to adapt for themselves and create their own centralized network.

"China controls the Bitcoin blockchain." The freakin typical mining pool hashrate argument. Funny statement coming from someone that pretty much controls a company that controls 100% of XRP's development and pretty much insta pre-mined everything lmao.

EDIT: he just said "4 miners in China represent 60% of mining capacity". Biggest bullshit I've heard in a while.

https://www.youtube.com/watch?v=NGQLTgYIoqw @7:08

I think "all publicity is good publicity" isn't true for every case, and Bitcoin might seriously lack good publicity in the eyes of regular people - think about it, they usually hear about Bitcoin when something bad happens - the market crashes, it being demanded to pay a ransom, darknet markets and so on. Now we have shitcoiners spreading FUD against BTC on mainstream television.

Sorry about that , I posted a link to the full CNN interview in the "description" section of my video ( much better audio )

Its a chance for him to make a public announcement why they think ripple is better than bitcoin. Its a way advertising in public using news program like CNN its a big opportunity for him. Since its a way of advertisement he willl never say anything bad for the project he created but in thier opponent which is BTC.

Indeed, some say that China is one of the biggest owners of bitcoin, but I don't think this will damage the price of bitcoin itself because some others are also scattered in parts of the world that can be the main access to stabilize bitcoin prices.

This is just a mere issue to drop the price, moreover maybe in the future there will still be issues like corona virus that might be linked

Yeah, Advertisement of his own coin is I think the primary reason why he roasts bitcoin even though he has a high possibility of he himself is using bitcoin. Awareness of both cryptocurrencies will have a small curiosity within the people who is not aware of the said assets and they might add to the user population of cryptocurrency.

obviously this is Money matter if CNN really does this thing for Ripple then for sure there is a Money involved for giving "21 minutes"?that is a pretty long time just for this Coins CEO Sentiments.
no wonder what is the main objective in this one and how much is involve money.
exactly mate,because Good or Bad publicity is still Publicity so thanks to Ripple CEo for spending money just to give Free advertising for Bitcoin 

Any kind of marketing is good marketing, let them talk about bitcoin in media, for good or for bad, just let them talk.

The difference between ripple and bitcoin is centralization. Ripple is a centralized coin and they decide when they deliver more coins for the markets. For me, this sounds rigged as hell.

Free advertisement I guess. He can bash as much as he like but it doesn't really mean that he could do some serious damage to Bitcoin, in fact, he is helping by giving an awareness to those who don't know what Bitcoin is. Though china is controlling the majority of the supply, it doesn't really mean that it will stay that way. There's a graph online that points the increasing spread of Bitcoin supply all over the world in time.

they've always peddled that line so they can keep dumping XRP on naive greater fools.

the funny thing is, even if china did control bitcoin, that would still be better than ripple. ripple (a small company) controls the ripple ledger. they control the majority of validating nodes, they control the majority of the XRP supply. it doesn't get any more centralized than that! https://medium.com/swlh/is-the-ripple-centralized-or-decentralized-e774706871de

On the contrary, yes, this is really good for bitcoin being exposed on CNN, there could be curious minds watching and going to search what bitcoin is all about and who knows, maybe those are the fresh blood that we all have been waiting to push the price again.

As for the Ripple CEO, it's pretty obvious that he will shill for his project, just like anybody.

Well, there goes whatever credibility XRP would've had from my side, I never expected anything from it yet I'm dissapointed in them. Not only he shows a total lack of understanding, but, should it not be lack of understanding and he be doing this knowingly, bitcoin was what brought the idea of XRP existing, so it's really like kicking yourself in the nose kind of thing.

I guess there's too much money involved in crypto and this guy being bought by banks really shows they will try to bash the original intent of crypto in any way they can.

Also here's the link to the original video, much better audio: https://www.youtube.com/watch?v=NGQLTgYIoqw

I certainly appreciate you posting the link to the video and your commentary in it, but that audio of the interview sucks--it's so bad that it's hard to understand (or perhaps I'm going deaf).

Anyway, I can't stand XRP as a cryptocurrency.  Never could, because it's so centralized that it has its own CEO--and not in the way some coins have a foundation (like Dash) with one.  If he's talking about bitcoin kinda-sorta being centralized in China, then what does that imply about Ripple?

BTW, I'm listening to the vid as I'm writing this and OP made the above point I made about Ripple being completely centralized.  Props.  I'm also curious to see where that Texas mining farm goes as far as hashing power.  I know it's supposed to be big, but I don't think it's going to give China a run for its money.

The hatred against bitcoin will never fade away because most of these CEOs want the crypto industry to adopt the use of their altcoin which is not going to happen once bitcoin is still around. That's why they want to bad label it so that crypto starters would find it unsuitable to use hence the need for us as bitcoin maximalist to be on our feet and stand against this. We can do this through educating people about bitcoin and it's use.

Free advertisement and free exposure. Anyway, the dude clearly knows what he's saying on air and knows that it isn't true. It's a desperate attempt to convert people into his centralized scam that isn't even working remotely anymore. While I agree that the transaction times and confirmations are a lot faster in ripple, still I can't deny that it's still a centralized coin after all. Therr's lots of things that could happen a long the way prompting the shut down of its network and poof! Money gone.

As for the airtime, all I can say is thanks for taking bitcoin to CNN for free.

This is good for bitcoin
Bitcoin is on CNN,  for free

New people are now going to search about it on google.

It's pretty obvious that he's trying to shill his shitcoin to the masses but one thing for sure is that his coin will never beat Bitcoin. It's pretty ironic that they guy trying to trash bitcoin actually owns some coins  

The CNN chaps are of course all about money, so i would be surprised if he never spent a single cent to get all those minutes of Airtime.

People are still pointing out at the Chinese mining farms to create a false image around it, as if Bitcoin is controlled by the Chinese government. They'll just keep doing that, because they have money and they have the influencing power. So many false ideas are contoured around BTC, but a simple search is more than enough to find whether it's true or false. And giving XRP and Ripple a few searches is also enough to know why you should never listen and give audience to their spokesperson, CEO of Crapple.

Ripple's sitting in a shit ton of money thanks to their XRP shitcoin. Remember, just a bit more than 10 days ago they've released another 100,000,000 XRP. There you go, $30M out of nowhere. Imagine Satoshi having 500kBTC and randomly releasing 10kBTC every month. Trustless payment system? What a joke

Bitcoin will never do that, XRP simply acts the same way fiat does so it established the same aura fiat has in my mind: centralized, inflation, crap. Get your money out of it before it decreases in value, in other words.

Of course they're giving him +20 minutes of airtime. He's their man, Ripple is the company sustaining the digital fiat. Or, in other words, digital shit. I could invest in some random 2000th shitcoin from CoinMarketCap and it'd be the same thing as investing in XRP or fiat.

---

Now putting all that aside, I'd recommend lowering your mic volume. The beginning of the video scratched my ears until I reduced the volume by more than half.  

They give this guy 21 mins of airtime, and he basically says that China "controls" the Bitcoin blockchain. Some other gems in there too.

https://www.youtube.com/watch?v=-Ag6kxco4kk