Is Ripple a scam? Shocking Forbes article about XRP !!! (POLL ADDED)

[Jahn46]

Any company that gives its former owner millions to dump each month is a scam. Don't know why people invest in this coin

[coinplus]

People have been saying the same thing for years yet all the new people or even some old people are shocked and some of them even deny this when told. Ripple is a company who made their capital from selling a fake ass coin that doesn't provide ANYTHING at all and preminted so they could have ALL the coins for themselves and sell whenever they need to and buy whenever the price goes a bit low.

They managed to convince rich people and big banks to use their platforms because they managed to sell millions of their coins to people who didn't know any better and used that money for marketing and sucking up on these people.

Ripple will be caught one day, I am betting 100% that one day IRS or FBI or whoever will arrest people at Ripple for fraud because pumping and dumping a coin constantly to make yourself richer could not be just considered a legal thing. They are as scammy and shady as it gets.

[andor.gellenhidi]

XRP no longer looks like a scam. Today you can see a very large number of scam projects that are already on the market. They today have a pronounced character. Today, they are very, very much. I think that they will constantly have a real chance of becoming more and more dangerous.

[levyashin]

I can't say ripple is a scam, because it is already getting used by some banks around of the globe.

But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.

[wwzsocki]

I can't say ripple is a scam, because it is already getting used by some banks around of the globe.

But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.

If you have read my post you have seen that the author of the article I have based on was full of doubts an accuses Ripple that he pays banks to be his customers.

Today I read that another big payments provider is using Ripplenet and is very happy because reduced costs for almost 80% in an established crypto news service.

Both magazines are good known and with a reliable reputation and both spreading different news. One says Rippel is a pump and dump and the other premises success of the Rippelnet network and new says that new clients emerging.

I keep reading both kinds of news about Ripple lately and we can see clearly from this thread that the community is divided too. I think a pool would be a good solution here. I will try to add a poll with a simple yes-no answer to have a clear few.

[pushups44]

I don't think Ripple or XRP is a scam, but I am not really interested in the cryptocurrency either. Given the large number of partnerships Ripple has gained, it appears financial leaders see value in the project. It seems XRP is more tailored to banks and financial institutions, whereas I see bitcoin and other cryptocurrencies for ordinary consumers and microtransactions.

[elbimbo012]

Even this is fact I doubt ripple lab would let xrp price goes down further they would make a strong support to .3$ level and create more positive news and make the price pump to gain interest from investors. As a 3rd biggest crypto currency base on market cap this could not easily stumble down by FUD.

[Red-Apple]

Even this is fact I doubt ripple lab would let xrp price goes down further they would make a strong support to .3$ level and create more positive news and make the price pump to gain interest from investors. As a 3rd biggest crypto currency base on market cap this could not easily stumble down by FUD.

coins like XRP are on a downtrend and it is not avoidable because they are useless and also have a huge supply of them around that the company has been magically producing and dumping on the market for millions of dollars.
them pulling additional scams is just the cherry on top that helps them make more money otherwise everyone knows these types of coins have an expiration date.

[prtty2gal2]

Though I don't like ripple and I don't I would ever like their project.
I don't think ripple is a scam, this should not be a new news in the crypto space about calling a project scam even if it's obvious that it is never and can never be a scam project.

Bitcoin has been called scam so many times that we are even beginning to loss count, but up until now we haven't seen bitcoin turning out to be a scam, rather all those that called it a scam are not the top investors in the technology.

[RivAngE]

One of the 1st things one must do before taking an article seriously is to research its writer. I checked the history of the guy who is signing it and he seems to be at least sceptic over cryptocurrencies, not against it though.
He seems to be supporting JPMcoin and after the announcement of JPMcoin he's attacking Ripple... coincidence?
I'll make a wild guess (yes, a guess without any ground): "He's an investor of JPM and he's trying to shift people's opinions against Ripple and in favour of JPM."
Well... we can't for sure.

I don't think Ripple or XRP is a scam, but I am not really interested in the cryptocurrency either. Given the large number of partnerships Ripple has gained, it appears financial leaders see value in the project. It seems XRP is more tailored to banks and financial institutions, whereas I see bitcoin and other cryptocurrencies for ordinary consumers and microtransactions.

Wouldn't you say that XRP is more suited for microtransactions in POI though? Sure the little higher transaction fee BTC has in comparison to XRP isn't such a big of a deal right now, but the speed is very important when you're in a local shop. Can you imagine paying with your card and having to wait 5 to 20 minutes for the transaction to finalise?

I know, there's the lighting network, but until I see it I can't comment on it.

[RivAngE]

I just though of something, after reading the article more carefully.

This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.

To explain the Ripple business model, I have compiled the graph below.

Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.

[wwzsocki]

I just though of something, after reading the article more carefully.

This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.

To explain the Ripple business model, I have compiled the graph below.

Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.

Exactly that is why I wanted to ask the community for a second opinion.

Every day I see news about new companies are taking advantage of the Rippelnet network and other Ripple products.

This just can't be fake. Yesterday I read that SWIFT will use RippleNet. Is just overwhelming news.