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You can make your own XRP validator.
https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/ (https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/)



https://pbs.twimg.com/media/DGUCXSqUwAEeD7H?format=jpg&name=large

Yes it is and it will never change in being Centralized, I doubt about it at the very first time that I knew it was centralized because the essence of most of the crypto currency is to be decentralized and not being controlled by any, most of all regulations from authorities but here comes the Ripple.

Theymos already made a thread about his idea with different cryptos besides Bitcoin here: https://bitcointalk.org/index.php?topic=2095328.0 and he qouted Ripple to be '100% centralized'

Did you read this post?
https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/ (https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/)

And everybody can setup a validator for Ripple.
How is this not decentralized?

One company and one company only sells all XRP = 100% Centralized
Something decentralized can not have missing data as it is the case with this garbage.

A service does not make it decentralized. Its like saying Walmart is decentralized because it has stores scattered all over.   All Sales still congregate at one place from which sales tax is paid (or not).

Because the only trusted nodes in the network are owned by ripple labs.

Headache with xrp  >:( >:(

Ripple is a centralized crypto currency. Did anyone told opposite? They own more than released to market...

Ripple was made to be used by banks, they say it on their website loud and clear, while banks are the target for marketing I don't see the reason for

People to be involved. one thing I have learned over the past year in crypto is that when I see something that I am unable to mine-forge-generate for

Myself, I'd just keep my distance from it, they're selling the idea of Ripple as a decentralized mass transfer of funds with lowest possible cost and also

The fastest network. you need to go buy in exchanges, that's not a decentralized currency, it's the opposite, when you can't mine the coin then you

Are not participating in the distribution and only God knows who holds most of the coins.

 
ANYONE can run a XRP validator.
XRP transactions can NOT be stopped.

I don't care about decentralization, it gives me profit and that is enough, and centralized coins don't hurt investors.

BUT IT'S NOT DECENTRALIZED!! /s

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FtZOSMVr.png&t=579&c=2S8Buofs_LxB1g
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FmFgCGFJ.png&t=579&c=4sNfKWQiWJtCvQ

Ripple says it is going to Decentralize RCL wider and further then bitcoin. It will also avoid pitfalls in decentralization that can lead to problems like market-cornering etc ( Chinese Miners issue in Bitcoin )

Here is the official Report : https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/

Summary : in the next 12 to 18 months, Ripple will start allowing Major Universities, Colleges, Law firms, Partner Banks and Institutions, Central Banks, Government Offices and then General Public like you and me to run validators. They call it responsible decentralization where your XRP investments are better protected, as no particular group can corner the market and hold guns.

What will this achieve :

1.) Ripple RCL will be worlds most Decentralized platform. Unlike Bitcoin validators are not just run by the anarchists. Validators are run by "Everybody". You, me, governments, hospitals, banks, institutes ( All inclusive ).
2.) That way no single party can detriment and harm the network.
3.) Network literally becomes secured by entire Humanity.
4.) Destroys any ability of groups the largest pools working together and conjuring a 51% attack and there by reverse transactions.

but the biggest takeaway. This means no body , not even government or mafia can stop you from transacting on RCL.

yes Ripple is relinquishing control of RCL, but it is making sure no one else can grab it. A responsible decentralization that SAFEGUARDS YOU the investor/user who transacts in XRP on  RCL.

if you or your organization is interested in applying to run a validator, please find all the details required here : https://ripple.com/technical-faq-ripple-consensus-ledger/

guys, i have ripple and I not having great luck with it. is there something i am missing here. I holding on, but my friends say sell it. what should i do.

A lot of people say this to me.
This year I made a lot of profit.. see also the charts:

https://coinmarketcap.com/currencies/ripple/#charts

THANK YOU.

too many people arguing over ethics, when really it's about profits.

I will tell you my opinion why is XRP much better than BTC.

When you make transaction of BTC you must wait about 1h. Let’s say that you must use BTC for company business trading, someone buy me a machine which cost 3 BTC and he send me, after 1h I receive that BTC, but since this coin is unstable in 1h can lose also 200€, so that mean that I get from my client 600€ less, aaaa???

Are you seriously think that BTC is a thing to use in a company for trading goods? This coin is not useful for normal life. I better use SWIFT which take 3 days and they charge 30€. We have in Euro community also SEPA which take about 1 day, many times can transfer same day if is made in morning and they charge from 0,3 to 0,5 € (depend of bank) which is nothing.

Now let’s look XRP, this need to make transaction in 4-6 second, which is so fast that currency will not change or very little.

Now tell me which coin, token or whatever you want to call is more useful for a company trading and normal people?
I am not a big holder of XRP in fact I hold more BTC and some altcoin, but in my opinion of all 850 crypto currencies which you can find only Ripple have a useful idea, sorry guys that my opinion.

Another minus of BTC is that consume a tremendous quantity of electricity just to mine that coin, which is not good for our planet.

XRP doesn't need to be mined and consume of electricity is nothing compare BTC.

We can say that XRP is a green coin ;D

No se os puede contactar por telegram. Solo darle join, nada mas. Esta semana hacemos una quedada en Madrid o que? Miercoles u Jueves?

It is centralized and that is why it goes against the basics of cryptocurrency.

Ripple is totally centralized no doubt about it but also I do not care about it, I just care about profit honestly and it gives me profit.

The Ripple coin was created in order to use it exclusively within the banking sector of the economy, so it can not be completely decentralized. I do not see anything unusual in this. Coins, served by narrow spheres of activity, can not simultaneously have all the same functions as coins of general orientation.

...and they can make their own coins. How is it not centralized?

no, they can't. their protocol cannot be changed, therefore no more coins can be created.

ripple is also open sourced, which is completely the opposite of centralized. do your homework.

That just means someone can make a decentralized fork.

Are the coins fixed supply? if not, how are they created? Who's running the majority of nodes? Is adoption organic or driven by a marketing organization?

The site reads like an ICO scam... grand claims, inaccurate data (with respect to other coins), and "BUY NOW" buttons everywhere.

Exactly.

They still dump coins on the market when ever they want or as much as they want with no warning or reason.

And by the way trying to make a 5 year old confirmed scam legit with a feeble token of ideology is not going to work.
That's like Charles Manson (RIP) asking to be set free because he seen the light and was saved by Jesus.

It's yet more shenanigans from the only crypto company who has been fined by FiNCEN.
Oh and i think they were possibly the first to do an ICO of sorts too (or maybe that was Maidsafe?)
Thanks for the shitstorm of idiocy Ripple inc.

Yup.. Ripple inc. = Decentralized. ..and working with banks ?  ::)

In my own thoughts, Ripple is a centralized crytptocurrency as it is controlled by the  major banking industries and only less 40 percent are circulating in the market for trading and public use, the rest are for internal banking transactions. The only advantage of Ripple over BTC is the transaction speed, if it will surely adapt for the masses then i think this would be the real cryptocurrency for daily use.

Ripple is totally centralized, not uncentralized. Ripple price increases so much in recently days. I'm unsure about its future but now it is giving profit fow those who buy it before last week.

ripple is evil its not like other cryptocurrencies, its scam, they abuse relations, pump technices with printed us dollar and etc.

I can't fully agree that it is centralized. In principle, the work is based on distributed networks that are not centralized, and transactions are't carried out by mining but by the consensus of network participants, but this doesn't make it centralized

I chose to stay away from ripple. I really don't like the fact that it was 100% premined then sold.

I don't really understand how anyone can be impressed with XRP technical performance? Sure it's faster than most crypto but since it's centralized it's not competing with crypto but with Visa?

😂 😂 😂

Yes it is centralized and that's not how a cryptocurrency should be, that's why xrp is doomed to fail in the future.

The problem becomes more interesting if you consider that even bitcoin is far less decentralised than commonly though. Nakamoto owns over 1 million BTC, wchis is 5% of existing coins, and miners are today only a few giant mining farms.

Its a bankcoin, but not doomed! Who said decentralization is easy to understand or believe? Most people like the idea to participate in new technology but also have their asses covered by a big company. 
Dudes i got news. Try lightning network .... faster than bankcoins cheaper than bankcoins. Lets put banks where they belongs!

Thread backfired  ;D
Do you know what centralized means OP? Ripple breathes centralization. 

Bitcoin was launched fairly.. Ripple was not and was also fined by FiNCEN.
Have any other bad comparisons you want to post ? I enjoy the LOL'z.  :D

who is selling XRP? only founder company is selling and controlling the network.
This means %100 centralized and there is no clue about this.
If they escape or dead then ripple is dead too cause there is no decentralized community behind xrp.

XRP is being controlled by 5 mining pools,manipulation of its value will give you doubts to invest on it.

I believe that xrp has no future, because in fact it does not help + it is centralized, that for crypto-currency of this scale it is unacceptable!

There is nothing to think again here. Ripple is centralized. What did you think to open this thread

i dont care if this coin is centralized or decentralized i am trading XRP right now from 5btc to 10btcs do you think i care?

I'm no "crypto" expert. But the simple fact that Ripple is being used by/for banks says it all, doesn't it?

Centralization = banks

Decentralization = no banks

Centralization all the way, so it seems.

My feeling is that Ripple enables banks to jump on the crypto bandwagon, so they can try to restore their reputation. This is too late though, in my opinion.

Here's a few questions:

Why do you primarily use the blockchain for?

What makes it so attractive to you?

What I love about blockchain technology the most is that it enables people to "be their own bank". I also like the idea that we are part of something big. A HUGE financial revolution in the making.

Together we can build a better financial system. One that is more independent, accessible and fair.

Banks, as we know them today, are DEAD. Ripple is probably one last attempt for them to survive.

While I was initially tempted to invest in Ripple, the more I read about it the more I realize it doesn't make sense (to me).

Buying Ripple would be against my values. And also, I believe, against the whole purpose of blockchain technology just outlined above.

Besides, if we want to create something new, the old needs to go away.

So why still fuel the old system when it's about to collapse?

Cheers!  ;) 8)

this thread is interesting and educative....

As soon as you have a single entity with control over the supply, you're centralized. Validators all over the world only make that centralization stronger.

Sooner or later Ripple will fall to the bottom, because it is not a crypto currency. Now it is growing, because it is poured into large funds of the bank. RPL is more like a fiat.

Is it okay to invest in xrp since it is mooning?

Before that was the risk the paymet processors were taking. If you use certain services, they would directly transfer you your fiawt instead of bitcoin.

Besides, Ripple open blockchain won't even be used directly, it's just the tech that has been around for many years.

Honestly as a trader i don’t care much about it. Of course i agree that being centralized is against to nature of crypto but since I’m not holding millions in ripple i am fine with it.

just because "ripple.com" says ripple is not centralized doesn't mean it is true!
of course they are going to deny the shit out of it. what else did you expect? did you want the owners to say our product is shit? no, instead they will call it the best thing ever existed and try to hide all the flaws in it including how centralized it is.

it is only one company who controls all the supply and releases it and the worst part is just like Paypal,... they can freeze your funds and take it away from you if they wish to. not call it decentralized!

yes it is one company which controls all the supply and holds major share of coins and releases it on their wish. its centralized!!

😂 😂 😂

if anything, ripple will succeed because it's working within a system (legally) to improve a process. what's btc doing?

Growth possible with own blockchain only? It's impossible that XRP fails because it's like fiat. Today technology interested for banks and financial whales not crypto/ non crypto

Exactly, Ripple is nothing but a cheap trick by the banksters and the feds to try to overthrow Bitcoin and other decentralized crypto. F**k Ripple.

If you understand the concepts, then it is not considered centralized. By the consensus of network participants, but this doesn't make it centralized. In principle, the work is based on distributed networks. From this it follows that is there are no centralized. But I myself am outraged that a big share is in the hands of the owners!

I also think that Ripple is completely centralized, because many factors point to this, and, moreover, it is probably possible not to call Ripple a crypto currency, it is in fact not it. Many people have already talked about this, so it's worth simply admitting

No doubt Ripple is centralized cryptocurrencies which is control by the bank. But come on if this one gives you the highest gain in your portfolio will you give it up.

Yeah Ripple is centralized and You can't deny the fact that Ripple is still being owned by banks right? Also the majority of funds belongs to the owner.