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Author Topic: OneCoin & Ripple Questions?  (Read 111 times)
very_452001 (OP)
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December 29, 2020, 12:04:57 AM
Merited by hatshepsut93 (1)
 #1

Was onecoin a centralised coin that was only 1 Dr. Ruja had control over?

Why people still trade onecoin today with onecoin receiving around a $million week from investors? Do people still hope onecoin can make a comeback one day like for example bullish news like finding Dr. Ruja who gets arrested but wins in court by a jury verdict? Theres theories out there that she ran away from the central banks that targeted her.

Ripple is a centralised coin run by 1 Brad Garlinghouse.

Ethereum says its decentralised so why it has Vitalik Buterin at the front of it? Lets say Vitalik gets arrested for example for drug offences, this means that price of Eth should not crash from this news because its decentralised right?

Bitcoin is said to be started by Satoshi Nakamoto but no one knows where he is or whether he is dead or alive meaning Bitcoin cant get arrested or taken to court right like the front runners above?

Why are exchanges delisting ripple when the verdict in court on xrp hasn't been reached yet? Wht dont the exchanges wait for the verdict from jury and then delist if ripple is convicted  Huh

So in conclusion a true decentralised coin has no one at the front of it meaning there should be no price crash risks from scandals, arrests, legal actions correct?



hatshepsut93
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December 30, 2020, 02:27:21 AM
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Ripple is more centralized than Ethereum, because Vitalik couldn't make literally any decision he wants - there are other important developers, and if Vitalik tried something crazy, community would likely reject or at least cause a major split. But still Vitalik has a great amount of control over his project, so yeah, it's centralized. Now, Ripple is a step further, its CEO could take any decision he likes with little to none resistance, and the network itself is already centralized, unlike Ethereum that can't freeze your account if Vitalik orders so, unless a hardfork is made.

Satoshi is also a risk, because he owns 1 million coins and that could crash the market, but Satoshi does not have any control over the protocol and if he returned tomorrow, its not like he would be handed over a complete control over Bitcoin development.
very_452001 (OP)
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December 30, 2020, 03:10:24 PM
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Okay so Ethereum is centralised not fully decentralised from what you have described of Vitalik having great control?

What percentage of Ethereum is centralised you think out of 100%?

Ripple is 100% centralised meaning if I hold xrp on a hardware wallet the CEO of ripple can freeze my ripple wallet?

The decentralised benchmark of bitcoin is 100% decentralised correct?

How does Ethereum 2.0 compare to bitcoin in decentralization?

There was a split from ETC Ethereum classic years back.


Finally can the SEC come after Ethereum like they can do with ripple now? Or what if Vitalik gets arrested for anything personal for example like scandals such as rape accusations, drunk driving etc. that could be false but can something like this have the risk of crashing Ether price?

I say because I dont see any scandal or SEC legal action risks against bitcoin as I don't see anyone representing btc appearing in court Huh
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