Topic: Ripple is not a cryptocurrency (Read 2625 times)

Quote from: derekis126 on May 10, 2017, 07:56:06 PM

Just a friendly reminder, Ripple is not a cryptocurrency

It is an electronic token, issued by a company. Ripple Labs Inc.

They can do what they want, they are in the USA, so they can receive national security letters - they may have received some already.

They can create tokens from thin air and basically they are a FINANCIAL INTERMEDIARY

Just like Wells Fargo blocked wire transfers to exchange because Uncle Sam wanted it, they could (be forced) do the same....they are unsuitable as an investment!

they have around 40 000 000 000 of their tokens floating around already, maximum is 100 000 000 000 (but can be changed anytime) and no one mines them!

If you want a penny crypto that can go up, for heavens sake, buy DOGE or NXT... Wink

I agree 100% with that statement. Cool

poutintsev

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Our what happens if the company decides to do something against us. You can never trust the one who has power. They are usually dishonest.

ahtremblay

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Yes, I also agree with your opinion. It is risky when invest in Ripple. Because it is controlled by a company. What's happen if hackers attack their system? Our coins are safe? it is too hard to know.

poutintsev

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You are right!

VanDeinsberg12

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You are right, Ripple is centralized currency, it is a gateway of fiat money, but it can be also speculating like general crypto currenries.

Did you mean if Ripple is the centralized crypto scheme by the bankers? What do you mean about gateway of fiat money? Ripple has backed by a lot of the bankers institution which has made it to be the centralized crypto.

AnCap101

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Quote from: f0rmdeep on May 07, 2017, 01:34:15 PM

Quote from: 2dogs on May 07, 2017, 01:27:32 PM

Quote from: leopard2 on May 07, 2017, 06:30:28 PM

Just a friendly reminder, Ripple is not a cryptocurrency

It is an electronic token, issued by a company. Ripple Labs Inc.

They can do what they want, they are in the USA, so they can receive national security letters - they may have received some already.

They can create tokens from thin air and basically they are a FINANCIAL INTERMEDIARY

Just like Wells Fargo blocked wire transfers to exchange because Uncle Sam wanted it, they could (be forced) do the same....they are unsuitable as an investment!

they have around 40 000 000 000 of their tokens floating around already, maximum is 100 000 000 000 (but can be changed anytime) and no one mines them!

If you want a penny crypto that can go up, for heavens sake, buy DOGE or NXT... Wink

True.

Why should I listen to or support legacy institutions such as the banking that are in bed with the FEDs?

If its a real philosophical difference, then i respect you more. Look there are two ways to reform the system.. i ( and most of ripple community ) don't think going and building a bubble and pretending world/government/regulation does not exist - is not the best way.

we believe in reform by working "with" the system.

btw the idea that total anarchy will be great is naive, even i dreamed during my school days. Google luck with a total people bank, hoping the word of mouth is never cheated upon and transacting without any regulatory protection.

anyways as i said, if its philosophical and you are on the opposite side, i respect you. But deception does not belong to a dignified soldier. you try your way and we try ours.. which ever succeeds - world will be better place.

hope you guys stop wasting time and money on useless misinformation campaigns, because if anything, the real links . news and information make you look like fishy and actually backfires ...

that's the thing with truth... just be honest and say you hate ripple because they work with banks ( whom u hate )

I agree, If you dont like the Nazis join the nazis and change it from the inside
If you dont like ISIS join the CIA and stop the CIA from funding arming and training them
If you dont like the KKK join the KKK and change them from the inside

All of these are insane ideas

Most people got into cryptos because we dont want the criminal cartel of bankers controlling our money and we sure as hell dont want them controlling our money in the crypto sphere

derekis126

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You are right, Ripple is centralized currency, it is a gateway of fiat money, but it can be also speculating like general crypto currenries.

marketone

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Quote from: Vaccinus on May 09, 2017, 03:38:08 PM

maximum is 100 000 000 000 (but can be changed anytime)

wrong. supply cannot be altered per the protocol's rules.

Ah, so sorry, my fault. So tell me, how many XRP miners are there, who are agreeing over the "protocol rules" LOL

It is possible to find how many people are mining but XRP is becoming the most major currency and most of the Japan banks are attracting to it. In coming days XRP has great demand in terms of value.

Sukrim

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they increased it at least oen time, so you are wrong

Got a source for that? Maybe you refer to coinmarketcap's "available supply" calculation... if you look at https://coinmarketcap.com/currencies/views/market-cap-by-total-supply/ you see the total number instead, in case you got confused by this.

Vaccinus

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Activity: 406

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Quote from: Richard Branson on May 07, 2017, 12:13:48 PM

Who cares?
DASH was instamined, BTC was premined, ...

99.99% here are in for the profit in the first place and in the second place for the technology.

yeah...but the profit will be gone if the issuer gets goxxed somehow, if BTC had been created by MtGox it would be gone already.

the profit go and return in any altcoin, ripple is not different, doge is now pumped ok but will be dumped after all this bubble will burst

Quote from: leopard2 on May 07, 2017, 06:30:28 PM

maximum is 100 000 000 000 (but can be changed anytime)

wrong. supply cannot be altered per the protocol's rules.

they increased it at least oen time, so you are wrong, because they can do it later if they want, nothing can not be altered, especially with a centralized system like ripple, at least in decentralized system you need consensus

Sukrim

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Quote from: f0rmdeep on May 07, 2017, 01:34:15 PM

maximum is 100 000 000 000 (but can be changed anytime)

wrong. supply cannot be altered per the protocol's rules.

Ah, so sorry, my fault. So tell me, how many XRP miners are there, who are agreeing over the "protocol rules" LOL

More than Bitcoin pools at least:
https://validators.ripple.com/

HTracer

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What's bad if one trades ripple to increase bitcoins balance?
As to believers in "SBI VC's bright future", I hope they take the cautions in a rational way.

groko271

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leopard2

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we believe in reform by working "with" the system.

You must be working for a Chinese troll factory for sure Grin

leopard2

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Quote from: Richard Branson on May 07, 2017, 12:13:48 PM

maximum is 100 000 000 000 (but can be changed anytime)

wrong. supply cannot be altered per the protocol's rules.

Ah, so sorry, my fault. So tell me, how many XRP miners are there, who are agreeing over the "protocol rules" LOL

European Central Bank

legendary

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BTC was premined, ...

nope.

anyone was welcome to download the software. the only problem is that not very many people did for a very long time. there wasn't really any other way of doing it either. it had to function before anyone else would come on board.

f0rmdeep

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Quote from: e-coinomist on May 07, 2017, 01:55:01 PM

Quote from: f0rmdeep on May 07, 2017, 01:14:12 PM

Quote from: Richard Branson on May 07, 2017, 12:13:48 PM

LOL i woudl trust a Accountable. Registered, Regulated and licensed company like ripple who can be sued under court of Law for fraud ( as they have to act strictly under bitlicense ) then trolls like you.

Accountability could collide against a national security letter, that is a totally valid concern. You can get dragged into investigations as a nearbystander when funds you traded later get related to illegal activities (under any jurisdiction anywhere, I mean the sauds had their time slaughtering gays or try donations to falungong (exact names just slipped me, somewhat religious movement supressed in china))
(hinthint: I did not even mentioned Wikileaks. be very, veeery quiet!)

Or maybe I do no longer trust a kangaroo court. Made my experiences. Law and order just sounds all rosy. But then, watch the daily news.

As i said really i DONT CARE. much better then the mafia, bitcoin-mining cabal etc etc .. look at segwit .. you want more ?

e-coinomist

legendary

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Money often costs too much.

Quote from: f0rmdeep on May 07, 2017, 01:14:12 PM

Quote from: Richard Branson on May 07, 2017, 12:13:48 PM

LOL i woudl trust a Accountable. Registered, Regulated and licensed company like ripple who can be sued under court of Law for fraud ( as they have to act strictly under bitlicense ) then trolls like you.

Accountability could collide against a national security letter, that is a totally valid concern. You can get dragged into investigations as a nearbystander when funds you traded later get related to illegal activities (under any jurisdiction anywhere, I mean the sauds had their time slaughtering gays or try donations to falungong (exact names just slipped me, somewhat religious movement supressed in china))
(hinthint: I did not even mentioned Wikileaks. be very, veeery quiet!)

Or maybe I do no longer trust a kangaroo court. Made my experiences. Law and order just sounds all rosy. But then, watch the daily news.

g___

sr. member

Activity: 273

Merit: 252

Quote from: 2dogs on May 07, 2017, 01:27:32 PM

maximum is 100 000 000 000 (but can be changed anytime)

wrong. supply cannot be altered per the protocol's rules.

f0rmdeep

member

Activity: 84

Merit: 10

Quote from: kawacaki on May 07, 2017, 01:07:40 PM

Just a friendly reminder, Ripple is not a cryptocurrency

It is an electronic token, issued by a company. Ripple Labs Inc.

They can do what they want, they are in the USA, so they can receive national security letters - they may have received some already.

They can create tokens from thin air and basically they are a FINANCIAL INTERMEDIARY

Just like Wells Fargo blocked wire transfers to exchange because Uncle Sam wanted it, they could (be forced) do the same....they are unsuitable as an investment!

they have around 40 000 000 000 of their tokens floating around already, maximum is 100 000 000 000 (but can be changed anytime) and no one mines them!

If you want a penny crypto that can go up, for heavens sake, buy DOGE or NXT... Wink

True.

Why should I listen to or support legacy institutions such as the banking that are in bed with the FEDs?

If its a real philosophical difference, then i respect you more. Look there are two ways to reform the system.. i ( and most of ripple community ) don't think going and building a bubble and pretending world/government/regulation does not exist - is not the best way.

we believe in reform by working "with" the system.

btw the idea that total anarchy will be great is naive, even i dreamed during my school days. Google luck with a total people bank, hoping the word of mouth is never cheated upon and transacting without any regulatory protection.

anyways as i said, if its philosophical and you are on the opposite side, i respect you. But deception does not belong to a dignified soldier. you try your way and we try ours.. which ever succeeds - world will be better place.

hope you guys stop wasting time and money on useless misinformation campaigns, because if anything, the real links . news and information make you look like fishy and actually backfires ...

that's the thing with truth... just be honest and say you hate ripple because they work with banks ( whom u hate )

Pearls Before Swine

sr. member

Activity: 1190

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for a legendary member you started a pretty useless topic. Ripple is very clear of what it is and what there intentions are.. so who gives a f*ck about it not being decentralized or whatever.. you trust them or you don't

Actually I did not know most of what OP said, so I'm grateful for the info, even if he might have an ulterior motive. And that instamine stuff is a lot different than a coin actually being produced by a single entity, is it not? Anyway, I've never owned any ripple and don't plan to.

2dogs

legendary

Activity: 1267

Merit: 1000

Quote from: kawacaki on May 07, 2017, 01:07:40 PM

Just a friendly reminder, Ripple is not a cryptocurrency

It is an electronic token, issued by a company. Ripple Labs Inc.

They can do what they want, they are in the USA, so they can receive national security letters - they may have received some already.

They can create tokens from thin air and basically they are a FINANCIAL INTERMEDIARY

Just like Wells Fargo blocked wire transfers to exchange because Uncle Sam wanted it, they could (be forced) do the same....they are unsuitable as an investment!

they have around 40 000 000 000 of their tokens floating around already, maximum is 100 000 000 000 (but can be changed anytime) and no one mines them!

If you want a penny crypto that can go up, for heavens sake, buy DOGE or NXT... Wink

True.

You won't find me listening or supporting legacy institutions (banks) that are in bed with the FEDs.

EDIT: At the same time, I should mention XRP is a major holding in my trading portfolio - a wild and profitable ride, indeed!

f0rmdeep

member

Activity: 84

Merit: 10

for a legendary member you started a pretty useless topic. Ripple is very clear of what it is and what there intentions are.. so who gives a f*ck about it not being decentralized or whatever.. you trust them or you don't

you know when i started i was like why so much negative against ripple... let me share you what i found... they hate it and That is because the so called Legendary member is part of the group who hate Ripple, because like bitcoin they cannot mine , they cannot form groups, they cannot corner the market, they cannot control. So as they cannot make enormous money and only company, and actual investors like you and me benefit, they hate it.

and come out and deceptively drive such campaigns.

what a shame on these trolls !

as for ripple everyone knows, its the next tech that will replace swift. XRP provides the cheapest remittance across globe. RCL based cloud is now being tried and prepared for commercialization by so many banks. One has to only google and follow authoritative sources like the institutions themselves ( sbi, MUFG, FED, BOA ,BOJ etc ) or ripple, bloomberg etc...

btw here is a 30 year experienced Treasury veteran Mr David Blair https://www.linkedin.com/pulse/ripple-vs-swift-payment-revolution-david-blair : breaking down the fine details of ripple and swift and agreeing that ripple will eventually replace swift. this is a guy that governments hide as advisor. Go fiure, we listen to these sources, or trolls on this forum. The answer is simple. Ignore these trolls and have a happy life.

f0rmdeep

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Merit: 10