Topic: Ripples XRP Shenanigans observation - page 2. (Read 2506 times)

Ripple can't be that bad if the Bank of England is running a POC with their technology. 

http://www.bankofengland.co.uk/Documents/fintech/ripplepoc.pdf

In today's world, do you really think an "independent" idea of any sort is allowed to capture such an important social sphere, as currency or monetary utility? Of course one of the main solutions has to be ordained from the "in" crowd. Any other solution will be killed off or tainted.

Best to be aware and profit intelligently where possible.

Less than 10% is freely available to trade to date

Banks won't touch XRP

61,71% still held by Ripple Inc. + the looked free give aways

First up we discuss facts here, XRP is not decentralized revolutionary new blockchain technology, it is just a ordinary database with signatures.

First up we discuss facts here, XRP is not decentralized revolutionary new blockchain technology, it is just a ordinary database with signatures.

Almost 80% of all Bitcoins have been mined and available to trade freely. Anyone can mine this revolutionary blockchain tech and get his coins.
Ripple's Database with signatures XRP token is solely released by a centralized company.
Less than 10% is freely available to trade to date. Of the ~38% circulating supply, most of the free gifted tokens to banks and partners are locked.
Or bluntly, the bribery money can't be cashed in for some time.
No Bank will ever touch or buy XRP's, only sell the free gifted once.
The only purpose of XRP is to transfer money out of XRP 'investors' pocked and into Ripple investors pocked.

On a technical side, XRP is presumably the only Token with the genesis block not being 0, genesis ledger is Number 32570. It alone proves it is not decentralized blockchain, instead it is a central database where they stuffed up and lost the beginning.
You can not 'loose' part of a decentralized blockchain.

This is what happens when central database servers running out of disk space
Ledger 0 to 32569 and Genesis at 32570

by contrast proper revolutionary new world changing blockchain technology
Genesis  at 0





Only with a central database can the circulating supply become less, on revolutionary blockchain tech this is not possible (unless you publicly 'burn' a few million token)


What will happen when the other 90% become freely available?

Some great points brought up here.
Ripple is crap for soooo many reasons.

People will defend ripple because they have money at stake but your facts are correct. The question then is whether that really matters, is the goal decentralization or is it functionality?

Ripple is supposedly very scale-able so that is a positive but as you say they have many new coins being released which is a big medium to long term negative. The only way they can create value for those coins is if it really gets widely adopted.

The whole banks thing I will also agree with you they are never going to buy ripple even if they are using the blockchain for financial services.

Where what is stated?
Are you disputing the fact that xrp genesis ledger is Number 32570 and not Number 0 and consequently can not possible be a decentralized blockchain as it would be impossible to loose part of a chain. Loosing part of the data is only possible on a ordinary centralized database.
Are you disputing the fact that at a keystroke 20% of all tokens got added to 'circulating supply' and neither price or volume changed any any way, only marketcap increased dramatically.
Are you disputing the fact that the circulating supply has decreased from time to time (laughable).


Look at beginning of thread to learn and get facts.

Yeah about that, can you provide evidence?
Feel free to show exactly where this is stated!