[XRP] is Ripple a true crypto now, when open source? is it an alt-coin?

[xorxor]

Ripple is opensource now. The major not-a-cryptocoin argument is no longer valid.

Please vote and post arguments for and against.

I will list the best arguments here:



why it should stay as "not a crypto-coin":

- centralized validations - not trully open and vulnerable to goverment decisions. [xorxor]
- impossible to calcualte market cap because unknown number of 100% preallocated XRP are distributed outside the company.[xorxor]

why it is a legit alt-coin now:

-no longer security by obscurity.[xorxor]
-major problems not much worse that some BTC clones.[xorxor]

This is self moderated topic, but I will try not to  intervene.
Please know, that "premine" and "SCAM!!" are not a valid cons.

[tokeweed]

whatever it is, it's moving up.  i dont care what it is as long as someone is willing to buy it off me for a profit...

[Sukrim]

XRP are still alt coins by definition and nearly every topic outside of here got derailed by people thinking the ONLY way to use Ripple is to use XRP or at least mainly XRP.

The OP seems to confuse this as well.

There is Ripple, a decentralized exchange, and "Ripples" (XRP), the native and only asset on there, which has some properties that are similar to BTC and other math based currencies that might make them a "currency" or "alt coin" depending on your definition.