Topic: Why Ripple Is Hated By Crypto Community? (Read 629 times)
I'm not sure whether it's really hated or not since the position of Ripple on the market cap doesn't demonstrate a majority hate towards it.
There are a few main reasons that made Ripple is one of the most favorite and hating coins in Crypto:
- Ripple is a centralized crypto currency
- Ripple has so many pumps and dumps in its history, so far. Consequently, there are so many investors whom still stucked at extremely high prices at which they bought Ripple (due to FOMO). Some of them already took losses, some of them still hold their Ripple wiht hope to see it will come back to its all time high range
- Some of them have their balance liquidated when using margin tradings with Ripple (due to pumps and dumps)
My version is such that a lot of people don't like XRP because this coin is used by banks all over the world, maybe I'm wrong
Yes you are wrong. NO banks around the world uses XRP. They did have some deal with a few banks to try Ripple as mode of interbank transfer but that never went forward rather than some pilot period. No large banks are even interested in Ripple and they are purely just an speculative tokens.
Well The Most Of Opinion here, Say That Crypto Community Hated Ripple Because They Work With The Banks, Which Kinda Destroy The Purpose Of cryptocurrency.
IMO, In The Early day Of Crypto, Working With The Bank May Sound Like A Good Idea, Since It Will Make It Easier For New Person To Get On Crypto.
The One Thing That I Hated Mostly About Ripple, Is How The XRP Is Shared Between The Founder Team(They Control About ~20% Of Total Supply). And That The Ripple Labs Held All Of Unreleased Ripple(To Be Sold, Not Giving It Away like Stellar Does).
IMO, In The Early day Of Crypto, Working With The Bank May Sound Like A Good Idea, Since It Will Make It Easier For New Person To Get On Crypto.
The One Thing That I Hated Mostly About Ripple, Is How The XRP Is Shared Between The Founder Team(They Control About ~20% Of Total Supply). And That The Ripple Labs Held All Of Unreleased Ripple(To Be Sold, Not Giving It Away like Stellar Does).
I personal disagree with those who counter ripple. I think cross boarder payments is a good thing, let's leave sentiment and focus more on the common goal to mainstream adoption. Corporaring with banks doesn't make ripple irrevelant, but the reverse is true. Now many are clamouring for Facebook coin, don't you think it's even more centralized than ripple in all ramifications, yet still helps in attaining adoption. Ripple isn't my best altcoin project but I'm really impressed with their products, so I have nothing against it.
because its centralized, people is tired with the idea of centralized monatary or banking system, they want to have the freedom for their assets/money thats why ripple and the latest libra hated by crypto community
After 2 Years In Crypto Space I Realize That Most Hated Coin Is Ripple (Other Than BSV).
My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
There are criticism against ripple that rippled is a centralised coin and also the cooperation with banks has destroyed thr purpose of crypto, crypto suppose to be a decentralized coin. My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
Ripple will say goodbye to the top 10 because it comes Libra which is the same as Ripple but has stronger names.
Ripple is bad because it is centralized, not private. It is like a classic stock paper with low volatility.
Ripple is bad because it is centralized, not private. It is like a classic stock paper with low volatility.
My version is such that a lot of people don't like XRP because this coin is used by banks all over the world, maybe I'm wrong
After 2 Years In Crypto Space I Realize That Most Hated Coin Is Ripple (Other Than BSV).
My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
If ripple is created for bankers or banks there is no way crypto community will not hate it. I will also not like anything that is centralized because the purpose of bitcoin or blockchain is decentralized. If a central coin or currency has worked well we wouldn't have been talking about cryptocurrencies and ripple been established by bankers will be seen as enemy in cryptocurrencies communities. My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
After 2 Years In Crypto Space I Realize That Most Hated Coin Is Ripple (Other Than BSV).
My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
XRP is the coin that is hated most which was created by Ripple Labs. Most of the reasons you mention is right. First of all they are some what centralized coin. More than half of the coins are owned by Ripple themselves. So the Ripple owners has the potential to easily manipulate the price according to their own will. Again, they are operating with banks. Crypto currencies like bitcoin was made to remove third party financial institution like Banks. XRP does the exact opposite thing. And then there are people who hate XRP because most of the people hate it :p . My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.
Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?
Is It because They're Centralized?
Is It Because Their Consensus Protocol Still Rely on trust?
What Is Your Opinion?
Ripple CEO, CTO.... life the good times form money sent in form desperate XRP gamblers.
A Rip-off, plain and simple.
A Rip-off, plain and simple.
Libra just recently joined the group and its no different on how this newly released coin would be hated upon by the community.
We most people why we are here due to anonymity and decentralization and coins that are being created that do opposes this main
motive will really have that kind of negative impression.
I don't know much about the coin called "LIBRA", but I see this as a good thing. I hope this will be a bright spot between Facebook and cryptocurrency. We most people why we are here due to anonymity and decentralization and coins that are being created that do opposes this main
motive will really have that kind of negative impression.
I think that really all of it hate due to cooperation with banks. It is necessary to confuse the crypto-curly with FIAT here and everything. Everything must be separately.
It is centralized coin, we can´t trust Ripple that they will not print money just like banks.
And secondly, their behavior. We all heard about threats against people who pointed out on Ripple´s fails.
And secondly, their behavior. We all heard about threats against people who pointed out on Ripple´s fails.
Not really hated. It is actually criticized for being a pseudo-crypto. It is not a real blockchain, it is centralized and not trustless/permissionless.
Anything that goes against the ideals of cryptocurrency is often criticized by the community
Anything that goes against the ideals of cryptocurrency is often criticized by the community
there is a lot of money like a ripple, I think the problem could be the first centralized cryptocurrency.
Is It because They're Centralized?
I guess so.Every altcoin that seem to be centralized are being hated by the community.
BCH, BSV, XRP and now Libra.
We most people why we are here due to anonymity and decentralization and coins that are being created that do opposes this main
motive will really have that kind of negative impression.
Anything related to bank is not that good. The centralized system and missing blocks problem are two of other reasons why people hate it.
RIPPLE wants to be the bank of cryptocurrency though where is there project now? where is the bank they are talking about?
They've been so long in the community yet theres no result.
Also tehe number of supplies and the fake volumes in the market is annoying.
Personally i do not hate or dislike xrp and i think it is still serving crypto market nicely and presenting crypto and blockchain positively around the world, the only point that bothers me is that the team still controls billions of xrp and they can use and cashout all or a portion of them at anytime that may cause major dumps other than that i think ripple has come up nicely as a blockchain technology company.
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