Bitcoin Forum

XRP (Ripple) has no mining. They made around 100 billion, of which they hold 60 billion, and are going to release them slowly. With bitcoin there is mining. So how does this affect the security of the system?

Also the private key/public address system of bitcoin is independent to the mining.

Serious responses only please.

They said they will release the rest supply with 1 billion pieces every month. This is almost 3 billin dollar per month and I can't understand this. The market should price it in lower prices so that they can sell that 1 billion parts each month. But I don't see your exact question.

Short story:

Bitcoin require a ton of electricity to run. The network consumes about Denmarks daily production just to run. The most crap security you will ever find.

Bitcoin can be destroyed with a 51% attack. All you need is 5 of the biggest mining pools tired of something and saying to hell with this and Bitcoin will go down.

Bitcoin have forked in to different Bitcoin coins because someone can break out and say no we are making our own rules.

Ripple will have nodes scattered across the entire world where nobody will own the majority and therefor its impossible to control or fork

You're talking like it's a breeze to control 51% of the bitcoin network. How do you plan to do that exactly?

All we need is 5 of the biggest mining pools to abandon bitcoin? If you can get any of the 5 biggest investors of anything to abandon that thing, it will fail. What you are saying is not only applicable to bitcoin.

So to clarify. Ripple has a blockchain without mining. It is an extraordinary amount of energy devoted to bitcoin mining. So any attacker needs an incredible amount of investment just to have the chance to tamper with a new block, and to tamper with previous blocks is near impossible because the hash of each block is linked to the previous.

So it should be much easier to hack XRP?

You are totally wrong! Ripple is controlled by bankers. It is already obvious that they are manipulating the price. They create ripple to gain and control the new evolution of money.

XRP is being controlled by the bankers they are well backuped by these banks,while btc is decentralized currency which was created to counter tha fiats,i am not holding my XRPs for too long ,just going to take profit when im satisfied and leave like a thief.

Ripple is completely control in one group but bitcoin is not. So do you trust a group of people or decentralized mechanism? I don't trust ripple.

In my opinion, BTC is more secure because the BTC is more decentralized and all BTC is scattered in the hands of many people, so it is less likely to be attacked.

we do not consider XRP a suitable Cryptocurrency,

the banksters arent supposed to create Cryptocurrencies to fullfil their greed they are supposed to take care of nation states infrastructure

XRP is safe to use because it protects the Network from Misuse because the Ripple network is based on the shared ledger of the accounts. An aggressive attacker may create a large amount of "ledger spam" (eg fake accounts) and transaction spam (eg fraudulent transactions) with the intention of burdening the network. This can lead to uncontrollable ledger size and disrupt the ability of the network to quickly process legitimate transactions.

we are talking about %100 primined coin. So this is not a community driven project and this is the biggest baloon going to explode soon.
They are selling all their premined coins and buyin bitcoin or ethereum with the money they earn.

jep and they convince enough idiots to give their bitcoins away so they can tell everyone publicly how many and for how much they traded

I really like coin with mining! Because with mining! No body hold more coin and want more coin need to buy or minning