Do ripples hold the same promise as BTC?

[dadrizforshizz]

I am new to the whole crypto currency thing although I have traded on forex for a few years...what are some difference between btcs and ripples?

[1713282027]

1713282027

[Abandon]

Ripples are as centralized and as regulated as fiat currencies are. There's not much point in them, except maybe speculation. One unique thing about the currency, is that all of the coins are already mined, and the bank dispenses them as they are needed, in an artificial way.

[dadrizforshizz]

hmmm, is it possible to issue more once they have distributed everything they have mined?

thanks!

[Abandon]

Whoever has control of the majority of the chain creation can make up the rules as they go along. I'm not certain about the specifics myself. .

[dakelv]

I am also getting  my mind around the ripple thing. If xrps are not mined as bitcoins are, how are they obtained?

[dadrizforshizz]

Whoever has control of the majority of the chain creation can make up the rules as they go along. I'm not certain about the specifics myself. .

this is why they will never reach the value bitcoins have...

[Abandon]

I am also getting  my mind around the ripple thing. If xrps are not mined as bitcoins are, how are they obtained?

The creators of the ripples mined them already, they choose who they give them to, and for how much. They have been giving them away for free to old forum members here.

[maxx1223]

back by VC...whatever that means to a virtual currency..