Ripple is an organization from the United States of America, whose head office is located in the city of San Francisco. According to the data posted on the company's official portal, it provides a permanent experience of working with financial resources in all countries of the world thanks to the use of distributed registry technology. Banking institutions, as well as payment providers, are given the opportunity to use XRP coins in order to subsequently lower their own costs and gain access to new markets. By joining Ripple, many financial institutions are able to economically and safely serve customers in any state.
The main difference between the virtual currency XRP, the creator of which is the company Ripple, is that this digital currency can not be produced. There are currently no pools or miners for XRP mining. Coins of this crypto currency are produced, in fact, as banknotes on a printing press. The release of these tokens is not limited to anything, as a result of which there can be infinitely many of them.
The main function of XRP coins is to perform interbank operations to transfer funds. Serves those who created a modern financial system!
Based on this, it can be concluded that XRP is a centralized virtual currency with unlimited emissions used by the banking system.
There is practically no difference with the Central Bank of any country. Crypto-currency is valuable in that it proposed an alternative version of the current financial system. Ripple is the operating system.
Bitcoin was able to return to consumers of financial services the ability to independently make financial decisions, regardless of the decisions of banking systems, while excluding the possibility of control from a third party.
As of today, Bitcoin, despite the increase in the size of the commission, gives users the opportunity to independently manage their financial resources. The Bitcoin network is decentralized, that is, it is operated by the users themselves, and not by one particular person. Naturally, large players can perform operations that will somehow affect the network, but they are not able to control it. Among other things, this crypto currency has gained popularity due to the anonymity of the transaction.
At the same time, Ripple returns its customers to the banking sector, from which they were released by using the Bitcoin digital currency.
Can you show us where it says they can print more? No you cant because u r full of BS
He wanted to say that currently there are 38 billion XRP in circulating, but the maximum is 100 billion XRP, you are buying an inflationary coin, do not feel bad after that can happen in sequence, because it's a centralized coin, you are small players are in the hands of big players.
When someone says that bitcoin is decentralized and anonymous, I see narrow minded shill.
Core of bitcoin is consensus, that is driven by China, see mining farms and asics.
Liquidity is driven by exchanges, basically people freedom is driven by exchanges, no exchangez no value. Exchanges work with guess who? Banks and other like FI that eventually work with guess who? Banks
KYC is where your anonimity finished, want more money get the KYC first.
Do not want KYC? Than you face scam, fraud and very limited liquidity, with lower market price.
This belarussian corrupted shill Litvin tells high level pink stories, but devil is in details.
XRP meanwhile transparent, with real use case, production driven coin. And trust me, people like Litvin will be the first in the queue to use XRP to send money to their family in Belarussia, with low fee and seconds settelment.
Fucking corrupted KGB looser.
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Why do you invent all sorts of nastiness about me and humiliate publicly!It shows your inner self and people see your true nature. Write more I will laugh with my family!I can idiylize the crypto currency in my understanding, but I will also fight for my convictions.Yours are simple are aimed at deceiving people and making money on bones.This is the basis of your Ripple - RIP. The Ripple should be RIP, or the rest of the Crypto-currency will do it. I made my choice.Ripple is not crypto money - scam from bankers and government.
Ripple - is not open source;
Ripple - Each Ripple node is controlled by a private commercial company. It is centralized as a bank or PayPal. Not a decentralized currency.
Ripple - totally 100% with the pre-release issued by Ripple Labs, 65% were left to themselves and 35% sold;
Ripple - not anonymous;
Ripple - emission is possible in unlimited quantities;
Ripple - created by the richest states and banks of the world on the money of monopoly oligarchs, with one purpose to destroy and devalue in the public eye the world of crypto-currencies. It is very difficult to destroy bitokoyn, because it is decentralized. Everyone who manages the bitcoins client is peer and conducts transactions around, and everyone who picks up votes with their hashing. Bitcomoin group of kernel developers could be arrested, but new developers will just get the better.
Take a look at all Bitcoin services that were hacked. MtGox. Bitcoinica. MyBitcoin. InstaWallet. You might lose bitkoyny, which you deposited there - debt - but if you kept the real bitkoy in their purse, they were safe. When a Ripple gateway or currency issuer is hacked, because you can only hold BTC and, for example, debt, you lose them.
But with Ripple, all that's required is a raid-like what happened to Liberty Dollar-to kill the entire network because of its centralization. The update can be ejected to destroy all XRP and transactions - and this will work, because one object has 51% of the attack on the network. This simply can not be done with Bitcoin, if only with an international attack on mine pool operators, and when this happens, people will simply switch to solo development.
Ripple supporters (for example, OpenCoin Inc employees who speak their own views) point to small default values that have not been disconnected from the network. Of course, this will not happen. But a sufficiently large default from the lock will lead to a crash - there is a critical mass
States are afraid of crypto-currencies and criticize them. Ripple is not criticized by the authorities, states, politicians and bankers! You will not hear anything bad about Ripple from them.
For several years Ripple will eat all the main crypto-currencies - this is the black hole of the crypto-currency market, launched by states and banks. The total capitalization of the crypto-currency market will remain insignificant, and the Ripple capitalization will grow due to the exhaustion of money from other crypto-currencies. When banks artificially depreciate the world's major crypto-currencies, with the help of Ripple, there will then be an unrestricted release of the Ripple (because of its centralization) and the owners' funds will also be depreciated with the help of huge inflation, and subsequently unlimited emissions Ripple will be completely destroyed by banks and their governments.
This will allow states to declare crypto money outlawed and never allow to return to private money and crypt.
I’m an early adopter of Ripple – having used it before it was publicly announced – but I need to point out what the inherit flaws are, and why Ripple is arguably a scam.
I could have taken my free XRPs and posted propaganda in support of Ripple, but that’s not the kind of person I am. I want to expose the world to the fraud of Ripple and OpenCoin Inc – what you will never see on the homepage.
https://bitcointalksearch.org/topic/m.2358207Why do people like a coin that can just randomly put 333 million coins into circulation, raising the market cap substantially?
Crazy
https://bitcointalksearch.org/topic/ripple-releases-333-million-more-tokens-1735977You and your familly have to stop eat this belarussian mushrooms you found in forest, it does not help your intelectual growth, moreover, it sends you back to stoneage.
All your statement in bold just a pure prove of you being ignorant and uneducated Bitcoin shill.
Bitcoin is easy to destroy:
- Close all exchanges and this is it, just a punk coin back in 2009
- Do forking a.k.a. inflate as much as possible
- Make people like brothers Winkelvoss reach as they own 1% of BTC, now BCH
ITS A MILLIONS OF FREE USD THAT SOLD TO PEOPLE THAT TRUST BTC SHILL LIKE YOURSELF FUCKING KGB MUPPET- Not enough? B2X, Diamond, Gold etc. each creates price and coins of thin air
- And all that run and supported by couple millionears that own most Bitcoins, and all that mindd by Chines miners
- Serious miners that control most shares, are sponsored by same "aligarchs" and goverments
- If goverment is not in play, than cut electricity is easier than work on regulations.
- As of decentralization, most people run wallets, not hundred gigs of data clients, so that again puts decentralization as fancy dream of muppets.
Oh yes, bitcoin github password is owned by company, a very decentralized way, lol
Or wait, you need 80 exchanges and few miners, to make a decision on how Bitcoin should scale, fuck users. Very decentralized way, lol Nothing centralised here
You have to learn one thing decentrlization/distribution is a technical aspect, that still in hand and controlled by one or group of people in whatever way is designed, and its centric, because it has to be maintained.
Fucking housewife like you will never maintain such infrastructure, you will grow your ass on the coach and sell dreams like in soviet union, this is only what you can do.
In conclusion, congratulations, you got my negative trust!