I own a tiny amount of Ripple and can totally see this being the solution for banks to transmit currency... but does that make it a good investment? What stops a centralized org from creating more XRP; creating the same situation we have with fiat currency?
- It's not centralized - anybody can run a validator
- Why would the validators vote to increase the amount of XRP and destroy their own investment and the entire XRP market? It makes no sense.
JoelKatz (a.k.a. David Schwartz) has responded to this accusation numerous times, but it seems like those posters with an agenda just like to repeat the same FUD over and over.
Here's where to find instructions on running your own validator node on the XRP network:
https://ripple.com/build/rippled-setup/ The amount of bullshit and lies in this forum is mind blowing.
One Company and one company only is selling every single XRP he calls it decentralized.
Hodor7777 is a typical example how a Rippple investor fleeces the poor XRP investors so he can enjoy a comfortable life.
R.I.P