Hello guys, I have seen a lot of hate and FUD about ripple in bitcointalk and reddit posts . These are the reasons that seem to be mentioned
- Ripple is not a decentralised currency as most of the coins are held by Ripple company
- Some people seem to think that the team and CEO of ripple are not genuine
- There also seems to be concerns that banks wont want to use cryptocurrency for cross currency payments because of volatility in crypto space
Can you guys help me to understand if these FUDS are fair or are people just trying to keep the price down for further accumulation?I am just trying to understand .
Ripple is clearly isn't decentralized but the fact is only Bitcoin is decentralized until today.
Bitcoin creator don't want to reveal himself or their team that's what make Bitcoin's more trusted and people would like to pour in their money.
Ripple team if doesn't want to reveal their real identities - why we care? Actually most Altcoins aren't revealing their real identities to avoid sabotage and conflict of interests.
I trusted Ripple since last year and as I holder of a couple of thousands plus Ripple XRP, I am happy with the increase...
Especially this time that giant companies are announcing that they are partnering Ripple in order for their clients and customers could get more access into their platforms and services.
Exactly most of the market including bitcoin ,ethereum and other major currencies are susceptible to be manipulated by whales and they are now . That is why it is hard to understand the HATE . Maybe it is because the founder has a big chunk of holding .
Ripple is about regulation, centralized and bankers. We don't need such centralized currency. but the fact that ripple is supporting regulator to make the regulation more strict to the crypto and think the more regulation is very good for crypto.
Ripple is manipulated by korean exchange site. That's why coinmarketcap doesn't wanna to listed it.
