The most centralized coins? - page 2.

BitcoinHodler

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Quote from: kulas01 on January 07, 2018, 08:44:19 AM

Quote from: Valzador on January 07, 2018, 08:31:09 AM

Quote from: zenman0 on January 07, 2018, 06:25:13 AM

What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

I think Ripple is the most centralized coin but I dont care as long as it is profitable for me.

Haha right. Its what most people think. But we are making the banks super rich and they are laughing with billions while we are earning few hundreds.

"profit" is what majority of the people who have ever invested in any of the altcoins ever care about. and things only get worse as we go on because the more scammy altcoins are created, people are giving up on altcoins in general and only care about the profit.

and centralized coins with banks with lots of money behind them will benefit from this because they pump no matter what and people invest in those.

Pantoflascrypt017

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Well some may even say that bitcoin is kind of centralised if you're talking about ownership and how spread out it is... i have read that up to 40% is controlled by just 1000 people and not to mention the capitalisation that goes on with the mining, so it really depends how you look at it and how you want stretch the definition of centralised or decentralised but arguably Ripple is the number 1 centralised coin right now.

kulas01

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Quote from: Valzador on January 07, 2018, 08:31:09 AM

Quote from: zenman0 on January 07, 2018, 06:25:13 AM

What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

I think Ripple is the most centralized coin but I dont care as long as it is profitable for me.

Haha right. Its what most people think. But we are making the banks super rich and they are laughing with billions while we are earning few hundreds.

Valzador

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Quote from: zenman0 on January 07, 2018, 06:25:13 AM

What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

I think Ripple is the most centralized coin but I dont care as long as it is profitable for me.

3DBrushes

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Most of the ethereum based tokens are centralised but indirectly.
Other than those XRP is the most centralised coin without a doubt. All the coins are completely Pre-mined in some way it is created out of thin air. Full governance is by ripple team itself with centralised nodes to validate their own transactions. This is like bidding on a thing which doesn't even exist in your hands.

Red-Apple

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Quote from: zenman0 on January 07, 2018, 07:09:55 AM

Quote from: cryptohunter on January 07, 2018, 06:51:18 AM

most of the top 20 that were icos

You mean top 20 market cap coins? Is it really so bad? I mean, what purpose have these cryptos, if not decentralization. Speed and fees are easy to fix, but decentralization not.

whenever anyone says "top" something they mean in the market capitalization ranking. and yes it is really that bad.
the purpose of them are simply to make more money and become rich. what else would it be? it is a very simple way of making a shitload of money if you are a simple programmer. you don't even have to be a good one!

Azzhan

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Quote from: zenman0 on January 07, 2018, 06:25:13 AM

What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

XRP is the most concentrated of the top 10 tokens, but it also addresses the trust issue between Banks.

nioctiB#1

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Quote from: zenman0 on January 07, 2018, 06:25:13 AM

What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

I dont know if there is a list of centralized cryptocurrencies google can help you with that. the only centralized coin that i know are Stellar lumens XLM and ripple XRP and both are controlled by the company that created them. and both of these coin are almost the same because the one who created stellar lumens is a co-founder of ripple. there are some misunderstanding so created his own.

novy

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I agree, by technology XRP is 100% centralised. By community, I think BTC is centralised. I mean most of btc is concentrated in a couple of hands. You can see it when big corrections are take place.

Malabarka

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What do you mean by a centralized coin? For me, the cryptocurrency is synonymous with decentralization. I think such coins do not exist in nature.

zenman0

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Quote from: cryptohunter on January 07, 2018, 06:51:18 AM

most of the top 20 that were icos

You mean top 20 market cap coins? Is it really so bad? I mean, what purpose have these cryptos, if not decentralization. Speed and fees are easy to fix, but decentralization not.

cryptohunter

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most of the top 20 that were icos

-analysts-

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Quote from: pizzacrypto on January 07, 2018, 06:40:44 AM

XRP - centralized, 100% premined, the banksters coin - they sell something they invented out of thin air to accumulate cryptocurrencies.

Interesting point of view... Hard to disagree Cheesy

pizzacrypto

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XRP - centralized, 100% premined, the banksters coin - they sell something they invented out of thin air to accumulate cryptocurrencies.

zenman0

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What are the most centralized coins in the crypto world? Is there a list or something like that? Would be very interesting to know... Do you know one?

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