Ripple = Centralized??? think again 😊

[Snaic]

The Ripple coin was created in order to use it exclusively within the banking sector of the economy, so it can not be completely decentralized. I do not see anything unusual in this. Coins, served by narrow spheres of activity, can not simultaneously have all the same functions as coins of general orientation.

[alucard23]

You can make your own XRP validator.

...and they can make their own coins. How is it not centralized?

[g___]

...and they can make their own coins. How is it not centralized?

no, they can't. their protocol cannot be changed, therefore no more coins can be created.

ripple is also open sourced, which is completely the opposite of centralized. do your homework.

[DieCommieScum]

...and they can make their own coins. How is it not centralized?

no, they can't. their protocol cannot be changed, therefore no more coins can be created.

ripple is also open sourced, which is completely the opposite of centralized. do your homework.

That just means someone can make a decentralized fork.

Are the coins fixed supply? if not, how are they created? Who's running the majority of nodes? Is adoption organic or driven by a marketing organization?

The site reads like an ICO scam... grand claims, inaccurate data (with respect to other coins), and "BUY NOW" buttons everywhere.

[Spoetnik]

One company and one company only sells all XRP = 100% Centralized
Something decentralized can not have missing data as it is the case with this garbage.

A service does not make it decentralized. Its like saying Walmart is decentralized because it has stores scattered all over.   All Sales still congregate at one place from which sales tax is paid (or not).

Exactly.

They still dump coins on the market when ever they want or as much as they want with no warning or reason.

And by the way trying to make a 5 year old confirmed scam legit with a feeble token of ideology is not going to work.
That's like Charles Manson (RIP) asking to be set free because he seen the light and was saved by Jesus.

It's yet more shenanigans from the only crypto company who has been fined by FiNCEN.
Oh and i think they were possibly the first to do an ICO of sorts too (or maybe that was Maidsafe?)
Thanks for the shitstorm of idiocy Ripple inc.

Yup.. Ripple inc. = Decentralized. ..and working with banks ? 

[yugyug]

In my own thoughts, Ripple is a centralized crytptocurrency as it is controlled by the  major banking industries and only less 40 percent are circulating in the market for trading and public use, the rest are for internal banking transactions. The only advantage of Ripple over BTC is the transaction speed, if it will surely adapt for the masses then i think this would be the real cryptocurrency for daily use.

[kiemnhieutien]

Ripple is totally centralized, not uncentralized. Ripple price increases so much in recently days. I'm unsure about its future but now it is giving profit fow those who buy it before last week.

[KingScorpio]

You can make your own XRP validator.
https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/

ripple is evil its not like other cryptocurrencies, its scam, they abuse relations, pump technices with printed us dollar and etc.

[nagatraju]

I can't fully agree that it is centralized. In principle, the work is based on distributed networks that are not centralized, and transactions are't carried out by mining but by the consensus of network participants, but this doesn't make it centralized

[Kakkles]

I chose to stay away from ripple. I really don't like the fact that it was 100% premined then sold.

[Snorren]

I don't really understand how anyone can be impressed with XRP technical performance? Sure it's faster than most crypto but since it's centralized it's not competing with crypto but with Visa?

[g___]

I don't really understand how anyone can be impressed with XRP technical performance? Sure it's faster than most crypto but since it's centralized it's not competing with crypto but with Visa?

😂 😂 😂

[JoyofCrypto]

Yes it is centralized and that's not how a cryptocurrency should be, that's why xrp is doomed to fail in the future.

[WhaleHunter]

The problem becomes more interesting if you consider that even bitcoin is far less decentralised than commonly though. Nakamoto owns over 1 million BTC, wchis is 5% of existing coins, and miners are today only a few giant mining farms.

[vapapgr]

Its a bankcoin, but not doomed! Who said decentralization is easy to understand or believe? Most people like the idea to participate in new technology but also have their asses covered by a big company. 
Dudes i got news. Try lightning network .... faster than bankcoins cheaper than bankcoins. Lets put banks where they belongs!

[sensimilia]

Thread backfired 
Do you know what centralized means OP? Ripple breathes centralization. 

[Spoetnik]

The problem becomes more interesting if you consider that even bitcoin is far less decentralised than commonly though. Nakamoto owns over 1 million BTC, wchis is 5% of existing coins, and miners are today only a few giant mining farms.

Bitcoin was launched fairly.. Ripple was not and was also fined by FiNCEN.
Have any other bad comparisons you want to post ? I enjoy the LOL'z. 

[Ceballos]

who is selling XRP? only founder company is selling and controlling the network.
This means %100 centralized and there is no clue about this.
If they escape or dead then ripple is dead too cause there is no decentralized community behind xrp.

[joselitobayagbag]

XRP is being controlled by 5 mining pools,manipulation of its value will give you doubts to invest on it.

[Ascredo]

I believe that xrp has no future, because in fact it does not help + it is centralized, that for crypto-currency of this scale it is unacceptable!