Topic: Why Ripple Is Hated By Crypto Community? (Read 591 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.
It seems to me that the whole reason is in banks, because if cryptocurrency cooperates with banks, then it is no longer centralized and it submits to management. I believe that Bitcoin should be decentralized and growth should not affect anything.
Yes it is very true. Maybe this is the whole problem. That bitcoin should be independent. And ripple is somehow dependent on the banks as it cooperates with them. 
It seems to me that the whole reason is in banks, because if cryptocurrency cooperates with banks, then it is no longer centralized and it submits to management. I believe that Bitcoin should be decentralized and growth should not affect anything.
The only reason that comes into my mind its because they're connected to a bank/s which I believe defeats the purpose of crypto. Personally, I hate banks as they hold your money at the same time if they see a lot of money coming in and out you will be suspicious I understand AML but I think it defeats the privacy of certain individual.
I don't like Ripple because it's centralized, manipulate etc.. The "Owners" of Ripple can do pretty much anything they want. In decentralized network everyone has to agree for any changes.
More reasons why i personally hate to hodl the token. Sometime ago, i had the opportunity to hodl Ripple but after some months, i discovered that the token was not attracting more investors and when i tried to find out the reasons, i noticed it was be planted by Bank for another style of extortion outside the irregularities of they deductions in day to day activities in the Bank.
Due to the large market cap, XRP has an impact on the market and many simply do not trust them. Although recently, I think Ripple helps in the development of the crypto industry.
You are wrong buddy, it is centralized cryptocurrency and you do not have full access to your while you exchange it. Since it does not give the control for the users. We as community should Boycott such coins which has the high risk factors on investing towards it.
Moreover ripple community owns large amount of there coins better we can avoid it.
Due to the large market cap, XRP has an impact on the market and many simply do not trust them. Although recently, I think Ripple helps in the development of the crypto industry.
XRP there are still many critics of the cryptocurrency. What is criticized the most is that the currency is very centralized because 60% of the coins are owned by the founders. This is both against the fundamental principle of the origins of crypto which is a trustless and censorship-resistant and it is also bad because it will cause inflation when the founders release their coins.
I always say that centralized cryptocurrency will never last long. That's what ripple's nature is and this is really discouraging investors from investing.
What? There's no reason to think that Ripple will last less long than other cryptocurrencies.
At least back up your statement with facts, otherwise it's completely meaningless.
Now, I'm personally also not a big fan of Ripple, but they essentially exist to bring cryptocurrency solutions to banks.
They have huge amounts of financial backing, so I really doubt that they're suddenly going to disappear one day.
One of the reasons many people hate Ripple (XRP) is a coin that is centralized and related to the Bank. Actually, if you don't like Ripple, you don't need to buy or use it. I sometimes still use it for trading, even though it's very difficult for me to make a profit. Maybe I can't adapt to this coin yet. So, no problem.
They were one of the first centralized tokens. And the first to attract a lot of attention of the crypto world. People were all surprised how different they were from the cryptocurrency and yet called themselves one. It was hard to consider a centralized token a cryptocurrency at that time. It was the odd one of the lot. The only duckling in the group of chicks.
That's where the thing called hating started and it's difficult for most to change their feelings.
That's where the thing called hating started and it's difficult for most to change their feelings.
I think because XRP has billions of supply and most of it belongs to the team themselves. I don't hate XRP but there are just tons of good news about it and they spread it all over for the last 3 years and yet nothing is happening to them. Now they tried to make its a big news about moneygram using XRP but I'm not seeing an official statement from moneygram. The price spikes a bit but the again being dumped, I'm not falling for this scam again.
I don't like Ripple because it's centralized, manipulate etc.. The "Owners" of Ripple can do pretty much anything they want. In decentralized network everyone has to agree for any changes.
Because the essence of being a decentralized cryptocurrency is not within Ripple, simple as that.
Bitcoin was created for the sole purpose of decentralized money and Ripple is ripping it off. I'm not a hater of ripple and other centralized cryptocurrency though but the community is well aware of what's happening that's why they are telling something about it, and for me that's a good sign because for the technology to improve someone must to criticize it no matter how good or bad.
Bitcoin was created for the sole purpose of decentralized money and Ripple is ripping it off. I'm not a hater of ripple and other centralized cryptocurrency though but the community is well aware of what's happening that's why they are telling something about it, and for me that's a good sign because for the technology to improve someone must to criticize it no matter how good or bad.
I always say that centralized cryptocurrency will never last long. That's what ripple's nature is and this is really discouraging investors from investing.
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?
I do not know how other colleagues, but the word hate is not suitable for this cryptocurrency. I never delved into the technology and development of this coin. One bounty listed me these coins for the usual tasks in social networks. Immediately exchanged coins for BTC and forgot about them. Now, after your post, there is a desire to study the token in more detail. 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?
People's are always prefer cryptocurrecies as decentralized for their freedom! but centralized cryptocurrencies not preferable then other strong valuable well developed cryptocurrencies!
People have an opinion on ripple as a centralized asset which will be manipulative, this is the major reason for majority of the crypto users not having ripple into their portfolio though it is among the top cryptocurrencies as well provides with promised return on the investment.
Unlike its centralized working ripple is always good for trading. Any level of investor can buy ripple as it is low priced. It doesn't have a much large scale volatility, but there is minimal fluctuation regularly which can be used for profiting through the difference between buying and selling.
Unlike its centralized working ripple is always good for trading. Any level of investor can buy ripple as it is low priced. It doesn't have a much large scale volatility, but there is minimal fluctuation regularly which can be used for profiting through the difference between buying and selling.
Why would some cryptoenthusiasts do not like Ripple platform, considering its worth in the banking systems. Some people here really want decentralization, but until now not even one cryptocurrency reach mainstream adoption. Let Ripple platform performs its functions here while everything is experimental in cryptocurrency.
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?
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?
Yes, it is because XRP was centralized based system concept. Moreover, XRP was being controlled only by the whale investors.
So XRP ordinary traders are no match for this big investors. They may earn but not as high like the big whales in the market for sure.
That's why I'm not buying it, honestly speaking.
Just the user of bitcoins or investor of bitcoins who will hate Ripple on cryptocurrency. As you may know the factor is this is a stable coin and has centrilezed system which mean will crossing up with bitcoin eho has decentralozed exchange. The bitcoin user nit only dislike Ripple but they will find some centralized coin who will have a certain attitude such as to Ripple, maybe it will be the same when libra coin comes later. The user of bitcoin most likely won't like libra coin because it is not pure has a decentralized system. Even there are some people who consider about it and assumed libra coin is not has a decentralized system.
Last year Ripple have raised to higher price about $3 and now was down too lower under $0.4 and now keep lower and never could back again to higher price.
I think anything linked to a banking system in cryptocurrency isnt that good and thats one of the reasons why people hate ripple. Another reason is that ripple is centralized and expensive for investors.
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.
yeah,, all centralized cryptocurreny is not good and far away from the main principle from the reason why the first cryptocurrency called bitcoin created by the anonymous guy known as satoshi nakamoto
so, a lot of people in this community didn't like it
Anything related to bank is not that good. The centralized system and missing blocks problem are two of other reasons why people hate it.
Because its just shit, not rypto, not blockchain, not decentralized, most expensive overvalued listing on marketcap sites, pure junk.......
https://bitcointalksearch.org/topic/m.30414543
just fishing for noobs (slaves) money
https://bitcointalksearch.org/topic/m.30414543
just fishing for noobs (slaves) money
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.
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?
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?
Jump to: