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So I invested in ripple a while ago before I really knew exactly what it was (I was just diversifying my portfolio) but after reading a bunch of stuff about ripple on the net about it being centralized and how they can hold your money etc. etc. It makes me want to sell all my ripple (For a good price of course). But I'm also thinking only believe half of what you read on the internet and these people could just be talking BS etc etc.

SO the point of me making this thread is basically starting a convo for all the reasons why ripple is a bad thing (borderline evil) at least that is how I see it right now. So if we can have a discussion about all the things that are good/bad about ripple I would love to hear everyone's feedback?

Thanks

In fact, Ripple could be a good coin if it had not been centralized. I don't like XRP just because it's too centralized right now. It has excellent functionality and it is already being tested by many world banks! This is good, but it can not be called cryptocurrency now.... IMHO

Ripple (XRP) is a centralized coin so it can be easily manipulated by the banks :/

Ripple is not a bad coin and I believe it has a great future, currently its still cheap and in reach,I am planning to buy it in a bulk and save for the future.

If it wasn't this centralized banks would never use it.


There is so many xrp, I can't consider this price cheap.

What is your expectation from ripple? I think it is just about profit and I don't think they will do anything which is against investors. Ripple is centralized but so far good investment.  :)

Ripple is not bad nor corrupt, it is simply not a cryptocurrency at all. It is just a blockchain technology that lives on fake news and completely opaque investor´s. I would stay away.

On the one hand, the centralization of RPL contradicts the principles of blockchains. However, there was no precedent, in which centralization would have a negative impact on investments in RPL (or am I mistaken?). On the other hand, is it all the same whether there is centralization or not when you trade on a cryptoexchange? Moreover, RPL in this respect is a very profitable investment.

There is a huge token supply on Ripple. Regulated banks are loving Ripple but i understand that its going to has a stable price cause of huge total token supply.
This will be similar to doge coin in future.

One reason is you cannot trust bankers. They manipulate the price and not let the price to go high. You can see it on the chart or the past history where many investors got rekt. One thing is for sure, this con will dump the moment bitcoin will be aggressive again. The bankers also use Ripple to accumulate bitcoin.

There's no chance of Ripple being corrupt because it is already been on the market since 2014 and it's impossible for the coin that they become corrupt and would become the 3rd strongest Cryptocurrency in the market.
I like Ripple and it's whole aspects of features and it's social community as well. Countries in middle east like Saudi Arabia and UAE are partnering Ripple for their financial innovation that is adapting Blockchain to provide solution for their financial securities and other aspects as well.

Don't worry. Ripple is very great coin. Hold your coin until 2020. I'm pretty sure your you can earn lot profit from it.
There is 2 big news
~Coinsquare (Canadian Coinbase) adding Ripple selling pair in February. link - https://www.bloomberg.com/news/articles/2018-01-24/coinsquare-crypto-exchange-eyes-120-million-ipo-in-canada
~Ripple will be at Money20/20 Asia in Singapore this March. Event will be on March 13-15, 2018. link - https://asia.money2020.com/attending-companies

I fully agree with the statement. Banking Industries are making more money than their investors and depositors hence it will lead them into more financial profits while leaving their depositors in debts.
Ripple can do a lot of things better than the banks that's why banking industries today were making long-term solutions in order to survive even Blockchain and Cryptocurrency are being adapted by the people.

Nice, I do hold my couple of thousands of Ripple until 2020 and even until 2030 as well.
It's one of my retirement platform that Cryptocurrency is one of the best things happened in my life that I am not too late on earning tokens since I became the member of this forum last year on 3rd quarter.
Ripple was being partnered with different entities like middle east countries and giant companies like Western Union.

Of course we already know that Ripple is a coin bankster not a mining coin. Bankster coins mean coins that are managed by humans anything managed by humans, they are very vulnerable to manipulation and tend to corrupt.
But i can't imagine how is it possible a big platform and famous like Ripple discriminating against its investors. I think this is a carelessness that can lead to a loss of confidence in the Ripple itself.

one that is necessary for success is our belief, because we believe that it is very influential on all things, the most important thing we learn to appreciate and believe that success is in our hands.

Ripple itself is not corrupt (yet), but its centrality has a tendency to be manipulated.
I think in this short-term, XRP still a good choice to hodl.

Any coin can be a good coin if it promotes decentralization and does have people / team who are very transparent with it.
I like XRP's low fee and fast transfer but I hated it because of centralization too. But that's not how cryptocurrencies works, this is why it is invented to replace or not exactly replace but as an alternative for the banking system.
Okay let's assume the banks are adopting XRP, so is there something new when banks start using XRP only and not other crypto's like bitcoin?

The ripple coin itself is very good for the banking system. It replaced the outdated SWIFT banking method, through which money was transferred through banks and is capable of transferring any sums of money to any point of the globe in a matter of seconds. However, this coin is fully controlled and centralized. In this way it differs from all other decentralized crypto-currencies. Its price can be regulated by certain persons by introducing into circulation additional mass of tokens, or their withdrawal from circulation.

But that is just one of the characteristics of the Ripple. If people like it they will buy it.
If they buy and hold it the price will grow. And the banks will do something with the Ripple, be sure of that.

I think that ripple generally need to be removed from the list of cryptocurrencies. It's just a centralized technology that bankers try to impose on us, under the guise of cryptocurrency.

In my opinion. In the current market I do not believe in a great success for Ripple because it is centralized that can even influence and what really is bad in this currency is that it is practically in the hands of large institutions and big investors who have the power to manipulate prices in a way that they understand. Horrible that sensation of dependency.

Yea after reading a bunch of what people are saying about it that is my general understanding as well I'm at a position now OK I'm invested already this ripple may take off though and I wanna be on the winning side. But the question is WHEN do I dump these shitcoins and take my profit hahaha??

With all the talks about the centralization of Ripple, most of them are likely speculators of the prices of cryptocurrencies.
Do they even care about the technology behind it? No. Might just heard: this is centralized it's no good, that was decentralized it was good.
Now they are replying with "Ripple is centralized" blah blah blah.

Ripple was made with the visions of being used by banks, then why is everyone complaining about ripple being used by them?
As a person, anyone can hodl, mine and trade ripple. Making it the same as every Digital Currency in existence.
Even Bitcoin, Ethereum and Monero are subjected in some "centralized" issues.
If you want a fully decentralized-mannered coin, expect it to be hidden in the black market or will not make it to the mainstream public, otherwise, those types are more likely scam tokens.

Ripple coin grown up verry fast in last year! This is a best coin to invest at this timez! Recent! We had more Info around this coin! Carefull when invest is the best way to get profit!

I don't watch the Ripple, because the Ripple is centralized, and the basic requirement of encryption currency and the bitcoin is decentralization, so I don't watch the Ripple, there may be a very good even if Ripple gains.

Ripple is not a bad and corrupted coin. Its price is very low, but in the coming time it will go up too much if you have some extra capital then buy it and hold it.

Ripple has already mooned so it won't go up much further, good for the bankers that created this coin but not for those sad investors that bought at $2. It is a centralised coin that banks will not touch as it is too unstable. Just another way of bankers taking money from poor suckers that should be investing in proper coins.

RIPPLE is not a cryptocurrency because it oppose the decentralization goal of the cryptocurrencies,it is created by tha bankers which holds the structural banking system inside XRP's system.I do not trust the bankers that is why i choose to invest in cryptocurrencies,it is not about the money its a bout the freedom that we get using cryptocurrencies,XRP shouldnt be called as a cryptocurrencies you should do a lot of research.

Because bankers are the reason why satoshi nakamoto decided to create bitcoin,banking system of these banks has corrupted our lives for years and know that the blockchain technology can remove the centralization,these banks shouldnt be trusted by anyone,because we have much more freedom without them,decentralization can change every system in the world.

Despite the centralization of the ripple and the relationship with the banks, I consider the ripple a very interesting and promising coin. Even if the ripple depends on banks, I think in the near future this is a good investment.

People hate XRP because the its structure is from the banking system,XRP is being backuped by the central bank that is why most of the crypto enthusiast doesnt support this coin,and it shouldnt be called as a cryptocurrency because cryptocurrencies should be decentralized that XRP doesnt possess that is why i personally dont support this banker's coin because it could destroy our community in the future.

Beacause of the following:

All XRP has done is marketing

a) As of this day I know of no banks that are using it

b) Ripple’s approach with XRP has been to get it listed on a bunch of exchanges and ‘infer’ but never explicitly say that banks are using it for settlement.

RIPPLE is not a cryptocurrency because it oppose the decentralization goal of the cryptocurrencies. Its mooning bcz

1) Fiat gateway

2) Noobs

I wont touch it. There are enough mindblowing tech available that needs my money.

the company has too much control of XRP they can raise him up or sink it completely. they control the entire process there.

It is not a question if but when it will collapse and shaking the whole crypto world, (Banks intention). The amount if unsold coins is just enormous.
https://i.imgur.com/be42eZq.png (https://i.imgur.com/be42eZq.png)
https://i.imgur.com/be42eZq.png



The supply disparity is getting worse with every passing day as can be seen on last years data. Falling further and further behind until the planed collapse to massively damage crypto. Real crypto is resilient, only irresponsible gambles will depart.
https://i.imgur.com/B6jNyGf.png (https://i.imgur.com/B6jNyGf.png)
https://i.imgur.com/B6jNyGf.png

Ripples CEO has already sad XRP can go to zero (https://www.express.co.uk/finance/city/918646/cryptocurrency-news-bitcoin-price-ripple-rxp-value-crash-zero). Alarm bells are ringing.



Voting options on best  XRP (https://bitcointalk.org/index.php?topic=2962004.msg30414543#msg30414543) features.

Many people are seeing Ripple as banks Trojan horse in crypto world. I don't think Rippple is the devil as many can say. I invested in Ripple and I think it is good opportunity for everyone.

The coin is contradictory. And in general, it is not a cryptocurrency. But that did not stop me from buying it and making a profit.

Ripple - was and will be a bank coin. He will not disappear anywhere, it is followed by major players and banks. I expect more correction and after i will enter. For me personally this is a more speculative asset. One half of the year ripple dumped and after dump, it shows us a big grows in 2-3 weeks. I think u can make good money with ripple but not hold it for years.

Ripple is not a bad coin, but it seems bad because of not being de-centralized. It is fast and has a good functionality for financial world. Lately, Saudi Arabia's Central Bank announced a blockchain deal with Ripple. So, XRP seems to start spreading all around the world. I think it will be a valuable coin very soon.

Maybe, Ripple is really not bad coin and idea is quite well. But I cannot see real chance to get some profit if I decide to invest in it. The growth of price almost equals to zero

May be you mean "by  the developers"? As I know banks doesn't store Ripple as deposit :)
But you're right when somebody have most part of stoks/tokens/XRP he (they) can make his own 'game'.

ripple will always become centralized cryptocurrency and as i know, the banks interested with ripple because this ripple is centralized
so, in my opinion nothing special with ripple

I'm just making a wild guess here, so correct me if I'm wrong. :)
Thats right but there is a difference between XRP and Ripple system.
Banks interested in Ripple net but not in XRP

People hate the banking system and centralization that is why most of the people choose cryptocurrencies,that is why XRP is being hated so much because the bankers who created XRP adopted the banking system to XRP's structural system,so it will be more centralized than any coin in the market plus the supply is pre mined not unlike other coins that you need to mine using rigs.,centralization was the main problem but XRP has been kissing the banker's ass that is why most of the people wont and will never support this coin.

Ripple has been one of the most promising projects for centralized banks since its inception. Since Ripple has been the first bridge connecting banks and crypto, it is the only way banks will accept cryptocurrencies through. Just keep hodling XRP, it was a good investment you've made, trust me.

ripple project has become stronger in recent times by providing a lot of deals.

Ripples are undercontrolled of whales and sharks. The valuation of it increasing or decreasing always cause of whales and sharks.
There nothing nature such as big supplies or big demands at all like other normal coins. That's why Ripples are really bad and could be presented for corruptions.

You are right,
Banks are interested with ripple net so people who bought XRP knows that it has a product

If you want a centralized coin then why would you use cryptocurrency? You can just use dollars.

I don't necessarily agree with the concept or the intent of Ripple.  But if I can make money trading it then I'll do it.  That being said - there are plenty more profitable alts out there to trade.

I don't necessarily believe that Ripple is corrupt. But I do think that it draws from the qualities of cryptocurrencies being that they should be decentralised and they set themselves apart from fiat. That said, because it's halfway in between I do think it could draw a lot of attention from people on the edge who for whatever reason are hesitant of the cryptospace which could lead to some good growth.

Virtued

It's not corrupt, just not a cryptocurrency.. Very centralized, when you create an address in their wallet, they freeze 20XRP in it forever, so you cannot create another account. It's centralized, owned by banks..

I cant get enough XRP. I was always doing my own research and look where we at in 2018. People still think its a bad coin and what other shit BUT its actually the only coin with  a usecase.
WesternUnion Moneygram SaudiArabiaCentral MUFG MJF BillGates Google how could they all be that stupid to buy into a "bad"crypto :D
Dont get fooled. Do your research

It's not caused by the decentralized of ripple but the fact that the majority of bankers only interested on its technology. So many times the majority of bankers are saying about they are only interesting on blockchain technology and they don't even think to add direct crypto payment to the system which means just like add payment that used ripple as the main currency.
Centralized just another negative point to the ripple.

I will leave this here so you guys can figure out if its bad or not ;)

http://i.4cdn.org/biz/1518990383150.jpg

This here is also a very interesting perspective

http://i.4cdn.org/biz/1518990592409.jpg