So, is Ripple a scam?

[ac2eugenio]

Most of the people who are claiming ripple is a scam are the ones who didnt bought when it was too cheap,too much hate in the coin because you didnt hold it until today.

[CTO@MyBitMine]

I'm agree with this post. Obviously ripple is a scam, it just was bumped and a lot of dumb people start buy it. Look at the price now , it became fall down. However we all can be wrong, and right now we are losing our possibility to earn some money.

[Joshua kingpin]

XRP is the absolute outrageous scam out there.
I dunno who is buying this shit 

[ðºÞæ]

Ripple Inc. selling XRP which have cost next to nothing to produce, that is a rip-off (scam).

More than 80% of all Bitcoins have been mined and available to trade freely.
Ripple's Distributed Ledger Database XRP token is entirely sold by a centralized company.
Of the ~38% circulating supply, most of the free gifted xrp given to banks and partners are locked by contractual agreement.

No Bank will ever buy XRP's, only sell the free gifted xrp.
The only purpose of XRP is to transfer money out of XRP 'investors' pocked and into Ripple investors pocked.

On a technical side, XRP is presumably the only Token/Coin with the genesis block not being 0, genesis ledger is Number 32570. It proves it is not a decentralized blockchain.
You can not 'loose' part of a decentralized blockchain.

This is what happens when central database servers running out of disk space
Ledger 0 to 32569 lost for ever and Genesis at 32570

by contrast proper revolutionary new world changing blockchain technology
Genesis  at 0

• The fact is that xrp genesis ledger is Number 32570 and not Number 0 and consequently can not possible be a decentralized blockchain as it would be impossible to loose part of a chain. Loosing part of the data is possible on a ordinary centralized databases.
  It is claimed that all this happened will the Database was still company intern only, no actually securities lost. Why data got overwritten, incompetent dev. lack of funding, carelessness...? Begs the question would an intelligent dev. not have started a new Database and not move ahead with a faulty one.  
  
• Fakt is over 50% of circulating supply got released on August 2014 at a key stroke and price or volume did not move.
• Fact is that the circulating supply has decreased from time to time (laughable).
• Fact is the company gifts XRP's to strategic partners, friends or bribe sites like coinmarketcap to list the database amongst crypto-currencies
• Fact is 90% of coins are not freely available to trade.
• Fact is a handful of entities hold 33 Billion out of 38 Billion circulation but not free available tokens
• Fact, Ripple Inc has contingency plan to become a software company if xrp fails
• Fact is Marketcap is wrong, the real Marketcap is less than 1 Billion
• Fact, Banks dont need xrp and create there one DLT based database token. (Project Ubin)
• Fact, it is 100% centralized as one company and one company only controls the XRP sales
• Fact, it is not a coin
• Fact, contractual agreements only affect Ripple and have nothing to do with xrp.
• Fact, from Ripples technical operations a single xrp works as well as 100 000 000 000 xrp
• Fact, the Ripple investors continually fleece XRP investors by convincing them their money is better stored in his pocket
• Fact, Distributed Ledger Technology is a type of database that is spread across multiple sites, countries or institutions
• Fact, it has been hacked in the past
• Fact, Dev was gifted 1 Billion XRP Tokens (what makes him so special, the proven fact of incompetence) plus he obviously receive regular wages
• Fact, the criminals have been previously been fined (you cant fine a blockchain)
• Fact, XRP carries to much heavy overheads in form of Ripple Manager bonuses at the expense of xrp security (how much was spent on xrp security last financial year?)
• Fact, Ripple Inc. investors live i expensive New York areas, XRP investors in the slums paying for the Ripple Manager bonuses
• What does happen to XRP price when Ripple Inc faces hostile takeover?
• When Bitcoins blockchain tech succeeds (and it will) Dinosaur banks will become extinct and with it Ripple Inc.
  The whole idea of Bitcoin to be your own Bank, private or corporate entity
• Fact, Full Name* the Ripple Inc advisor is a proven fraud

Full Name* = „Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg“





Only with a central database can the circulating supply become less, on revolutionary blockchain tech this is not possible (unless you publicly 'burn' a few million token)
Clear case of market manipulation Marketcap = Price * Circulation Supply (Wrong anyway as not all free available)


What will happen when the other 90% become freely available?

[onrise]

Most of the people who are claiming ripple is a scam are the ones who didnt bought when it was too cheap,too much hate in the coin because you didnt hold it until today.

Ripple is being back by various bank and many more banks are looking to join to use this technology . SO how can this be a scam. Unless you have missed this ride of the price rise and feeling bad it is fine because it will be going a long way in 2018. So even one can buy the coin now.

[Chokolo]

Most of the people who are claiming ripple is a scam are the ones who didnt bought when it was too cheap,too much hate in the coin because you didnt hold it until today.

100% correct

People are so scared and salty that they dont own XRP.
Pathetic.

If some people actually read about Ripple they would know its huge potential and its superior tech

[LordCarps]

Considering the amount of people's trust into the coin, of those who have extensively reviewed and put in millions of dollars into it, ripple may actually be true in its own right.

There's always a big "IF" to everything though, like what IF bitcoin pops as a bubble after all?

No one really knows, and it's hard to side with information as crypto information is fairly limited.

[CryptoAdvizor]

it's surely not a scam but i don't like it.