Trying to understand hate for Ripple

Zeneize

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Quote from: chitocrypto on February 17, 2018, 10:11:39 AM

Probably because of being centralized coin and most of the coins being held by the founders.

Same opinion I have. Consider that a few weeks ago the founder/owner/CEO/boss - call him how you prefer has briefly become more rich than Bill Gates. Now, think at what Bill Gates has produced in his life (his products are everywhere and allow billions of computer to work worldwide), and compare that with the Ripple guy. This simply makes no sense.

X-ray

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Quote from: Crypto_lion on February 17, 2018, 10:06:12 AM

Quote from: wanderloy on February 17, 2018, 09:49:25 AM

Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned

Ripple is not a decentralised currency as most of the coins are held by Ripple company
Some people seem to think that the team and CEO of ripple are not genuine
There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .

Ripple is clearly isn't decentralized but the fact is only Bitcoin is decentralized until today.
Bitcoin creator don't want to reveal himself or their team that's what make Bitcoin's more trusted and people would like to pour in their money.
Ripple team if doesn't want to reveal their real identities - why we care? Actually most Altcoins aren't revealing their real identities to avoid sabotage and conflict of interests.
I trusted Ripple since last year and as I holder of a couple of thousands plus Ripple XRP, I am happy with the increase...
Especially this time that giant companies are announcing that they are partnering Ripple in order for their clients and customers could get more access into their platforms and services.

Exactly most of the market including bitcoin ,ethereum and other major currencies are susceptible to be manipulated by whales and they are now . That is why it is hard to understand the HATE . Maybe it is because the founder has a big chunk of holding .

Ripple is about regulation, centralized and bankers. We don't need such centralized currency. but the fact that ripple is supporting regulator to make the regulation more strict to the crypto and think the more regulation is very good for crypto.

Ripple is manipulated by korean exchange site. That's why coinmarketcap doesn't wanna to listed it.

paulus51

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In addition to the actual assignment of Ripple, it has already become a classic crypto currency, so it can be used as a gold chip. so you do not have to worry

setifien19

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Being centralised , Ripple can't go forward because at any given time its founders can lower the price ( of course after they collect as much as possible) & anyone who is investing in should know that 70℅ from the coin supply is owned by those creators who have absolute control of the price .

BitcoinGuruOne

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Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Why is this point relevant? Since you are listing reasons for hatred for Ripple. In this case it is good from haters point of view.
In any case Ripple wont be used by banking sector, the technology is and will be used so the price does not matter.

I believe that there is too much fire to this Ripple hate, since in my view it is not so bad, it has seriously cheap transactions and most likely large part of haters are using it to move assets between exchanges since it is the cheapest way and fastest as well.

stripykitteh

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Quote from: bratbu on February 17, 2018, 03:10:39 PM

Quote from: Troysen on February 17, 2018, 02:13:16 PM

Ripple is good. It's just that people don't understand it well. There can be another thing though. People who couldn't buy ripple earlier are now hating it. By spreading hatred, maybe they hope price will go down.

LOL you clearly one of those who doesnt know what XRP is,you should be doing researching you are one of those people who thinks who knows something who really dont know anything,if you know the main structure of XRP you wont be saying your ridiculous statement.People hate ripple because of its banking structure that was adopted from the banking system because it was created by the bankers,centralized sherlock.

Bankers may try to adopt a coin that they secretly built and they will try to make it very known in the news. Could happen someday.

bratbu

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Quote from: Troysen on February 17, 2018, 02:13:16 PM

Ripple is good. It's just that people don't understand it well. There can be another thing though. People who couldn't buy ripple earlier are now hating it. By spreading hatred, maybe they hope price will go down.

LOL you clearly one of those who doesnt know what XRP is,you should be doing researching you are one of those people who thinks who knows something who really dont know anything,if you know the main structure of XRP you wont be saying your ridiculous statement.People hate ripple because of its banking structure that was adopted from the banking system because it was created by the bankers,centralized sherlock.

vibingpositively

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Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned

Ripple is not a decentralised currency as most of the coins are held by Ripple company

[/b]

Some people seem to think that the team and CEO of ripple are not genuine
There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .

Disclaimer : I am invested a small amount in Ripple

OP, you with your first point hit it on the head why nobody in who takes cryptocurrency seriously takes Ripple seriously. If you know and understand everything crypto is built on in terms of principles and foundation you would sincerely know that Ripple is a centralized shitcoin. I think you understand that at some level but on another level you don't get how pertinent and paramount those principles are. Once you realize that decentralization is everything in this space, you soon see that Ripple is crap (fwiw when I began out too, I thought Ripple would help us...that was until I learned more about this space and more about Ripple).

ðºÞæ

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Quote from: Troysen on February 17, 2018, 02:13:16 PM

Ripple is good.

Which is the best part?
https://bitcointalksearch.org/topic/m.30414543

Djabba

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I have read a lot about the ripple structure and company behind it. Mostly alerting staff which is already mentioned in the topic. If all this is true then I think ripple should be excluded from the coin market capitalization. How can centralized currency meet the requirements of a decentralized environment?

Troysen

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Ripple is good. It's just that people don't understand it well. There can be another thing though. People who couldn't buy ripple earlier are now hating it. By spreading hatred, maybe they hope price will go down.

jarob44x

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I think it has to do with the lack of decentralization and the fact that its tagged the "bankers" coin. A secondary issue is the amount of coins outstanding.

cryptomema

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Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned

Ripple is not a decentralised currency as most of the coins are held by Ripple company
Some people seem to think that the team and CEO of ripple are not genuine
There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .

Disclaimer : I am invested a small amount in Ripple

What people dont want with XRP is its banking structure,because XRP was created by these bankers it has the structure of the banking system if you really researched its nature you will find why people hate this coin so much,and in fact it shouldnt categorized or called as a cryptocurrency because cryptocurrencies are created to remove the centralization of the banks which XRP is clearly opposing,XRP is backuped by the central banks which is why most of the people hate it much!

Bounty_Hunter

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Ripple is a centralized currency, which was created by FORMER BANKERS. Understand? Cryptocurrencies are our salvation from banking monopoly, and these guys just came into crypto space and try to do what we are fighting against.

steadyrice

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Ripple seems to be a "hype" coin, riding the wave of partnership news with not a lot of substance behind it. Add to that the fact that Ripple has become famous for practically being the most centralized coin right now, you can understand why people are trying to be careful with Ripple.

Eddyc

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Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned

Ripple is not a decentralised currency as most of the coins are held by Ripple company
Some people seem to think that the team and CEO of ripple are not genuine
There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .

Disclaimer : I am invested a small amount in Ripple

Not exactly a hatred, we may consider a discouragement of investors and the crypto community, a currency that was virtually pumped by large investors a currency without many innovations and virtually centralized, but which has been adhered to high quantities in the marketcap. I believe that it motivates us to do our own research before judging and investing in that currency.

chitocrypto

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For verified airdrops https://t.me/pinoyairdrop

Probably because of being centralized coin and most of the coins being held by the founders.

Crypto_lion

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Quote from: wanderloy on February 17, 2018, 09:49:25 AM

Quote from: Crypto_lion on February 17, 2018, 09:43:46 AM

Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned

Ripple is not a decentralised currency as most of the coins are held by Ripple company
Some people seem to think that the team and CEO of ripple are not genuine
There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space

Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .

Ripple is clearly isn't decentralized but the fact is only Bitcoin is decentralized until today.
Bitcoin creator don't want to reveal himself or their team that's what make Bitcoin's more trusted and people would like to pour in their money.
Ripple team if doesn't want to reveal their real identities - why we care? Actually most Altcoins aren't revealing their real identities to avoid sabotage and conflict of interests.
I trusted Ripple since last year and as I holder of a couple of thousands plus Ripple XRP, I am happy with the increase...
Especially this time that giant companies are announcing that they are partnering Ripple in order for their clients and customers could get more access into their platforms and services.

Exactly most of the market including bitcoin ,ethereum and other major currencies are susceptible to be manipulated by whales and they are now . That is why it is hard to understand the HATE . Maybe it is because the founder has a big chunk of holding .

anonimogmr

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Read this good article, it will explain and clarify most of your doubts.

https://cryptoyoda1338.wordpress.com/2018/01/04/the-truth-about-ripple/

jereh988

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Activity: 76

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What has happened ?
it looks like the ripple is currently still at its value and maybe this time is the right time to buy it because now the riipple is down and good to hold it.

Topic: Trying to understand hate for Ripple (Read 200 times)