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January 04, 2018, 05:53:54 AM |
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Ripple is:
* not decentralized (it really just a database in a private company somewhere)
* not a blockchain or even a cryptocurrency?
* 100% premined, with unfair distribution, the ripple company still retains more than 60% of currency
* no consensus, therefore there's not really any hardcap on the supply. Ripple company can just increase the supply cap at will, after all it's just a entry in their company database...
So I'm not sure what the value thesis for XRP is? It can do fiat IOUs? The current SWIFT system already does it reasonably well, I receive wires within the hour, across continents.
For online transfers, multitudes of crypto-currency can already do way better, heck even Bitcoin is better than using Ripple's IOU system.
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