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Author Topic: Is Ripple a true Cryptocurrency?  (Read 379 times)
funsponge
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January 18, 2018, 12:12:54 PM
 #21

I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.

Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.
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January 18, 2018, 12:16:24 PM
 #22

of course, this is a true crypto curencie, my only problem with it is that's bank crypto currencie, crypto currencie were created to bypass banks and now they come in, to get their share
consideritdone
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February 26, 2018, 01:36:19 AM
 #23

if i read correctly, ripple didnt start off as a crypto. It was when Jed and Larsen got it they tweaked it to become crypto
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February 26, 2018, 02:00:48 AM
 #24

I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.

Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.

this is a hacked account - this has been my account for 3 years but was hacked in Dec and now this hacker is using it

Haha -- really? Do you have any proof of this? I will post a note under that account's Trust if you can offer some proof that is your account.

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Itsmylife
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February 26, 2018, 02:36:43 AM
 #25

I think ripple is just a pump-dump coin. It is not a promising coin for me and there are many bad comments about it.

Ripple has been around for as long as I can remember. If it were a pump and dump coin wouldn't you think it would of died out by now? It's easily been around for 3 years. I don't think it's a pump and dump coin and originally intended to be better than Bitcoin. It didn't succeed though and newer and better coins have come out since.

this is a hacked account - this has been my account for 3 years but was hacked in Dec and now this hacker is using it
go here https://bitcointalk.org/index.php?board=83.0 and make a thread, show your evidence to prove that it belonged to you( example your control with emails, social accounts you posted before ).
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February 26, 2018, 02:54:01 AM
 #26

Although the ripple is technically a crypto currency, but in fact it is a centralized coin, but I believe that it can bring good profits. I think over time, states will introduce some of their centralized coins to try to somehow regulate the crypto currency.

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February 26, 2018, 05:11:50 AM
 #27

Based on the information I happen to read, Ripple is a true currency but it is not designed for use by ordinary people wherein is designed as currency to be used by banks. It’s purpose is supposed to be used to make resolutions and cross-border payments faster and cheaper for the banks. More people latch on to the idea that this will be the most widely assumed crypto by the biggest financial establishments in the world.
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February 26, 2018, 05:33:14 AM
 #28

I see Ripple as the big banks' way of getting into the crypto game.  All the alt-coins were booming and Wall Street didn't have an inside man on the show, so they built their own "coin", listed it, marketed it, profited off of it.  And that's fine because they are building a great product, a great brand, and they are helping the mainstream ease into crypto.  Ripple won't take over.  It's just a slice of the pie.

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BillCoin
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February 26, 2018, 05:37:18 AM
 #29

I wouldn'g say ripple is a true cryptocurrency as the main thing about crypto is that it presents a decentralized system, while ripple is not true decentralized because the owners own most of the ripple available.
Also, you can also connect a node to the network if Ripple Labs accept you, and they usually only let companies such as IBM to set up nodes.
It's not decentralized in any way, it's completely centralized from the code level, and that's the reason it can't be considered to be a cryptocurrency.
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February 26, 2018, 05:41:05 AM
 #30

I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
What at Ripple without blockchain and mining doesn't mean that it is not cryptocurrency. Ripple is a worthy addition to bitcoin as the payment protocol though of course between two of these cryptocurrencies there is a big difference in the scheme of work. And besides the system of payment gateways Ripple is the calculation method, alternative for banks, which was more protected, fast and cheap, than already used traditional.

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February 26, 2018, 07:43:26 AM
 #31

I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
A ripple is necessary for businessmen from the banking sphere, but in no way to simple investors. So do not invest in this coin, it actually destroys the concept of crypto currency.
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February 26, 2018, 07:46:36 AM
 #32

I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
I think the answer is yes because ripple has become a pioneer of blockchain technology for the scope of the bank.
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February 26, 2018, 07:50:15 AM
 #33

no ripple is not a cryptocurrency, even ceo says its not. they call it a digital asset, and goal of xrp is not to buy coffee with it. it's an asset to transfer value quickly.
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February 27, 2018, 12:48:12 AM
 #34

I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?

Not all cryptocurrencies are decentralized, some of them are centralized like ripple. Ripple is still classified as cryptocurrency, but the way it was developed and operates are different from other cryptocurrencies. It is built upon the idea of distributed ledger which requires parties to participate in validating transactions rather than any singular and centralized authority. So ripple is more centralized cryptocurrency in a decentralized space.
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February 27, 2018, 12:57:13 AM
 #35

What is Ripple? Technically speaking, is Ripple a cryptocurrency in the mold of Bitcoin? The short answer is probably “no,” but that doesn’t stop it from often being lumped into that same category.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.
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February 27, 2018, 12:59:46 AM
 #36

I would say no, because Ripple is missing one of the main criterion of cryptocurrencies which is decentralization.

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February 27, 2018, 01:03:00 AM
 #37

I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Cryptocurrency is a digital currency that used in the internet or online to buy things and negotiations make faster. So if this is used,then it is a cryptocurrency. Yeah.for me ripple is a cryptocurrency too. Because it is an online momey it is only different in creation and other that this cryptos are in centralized
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February 27, 2018, 01:06:39 AM
 #38

Why not? Of course ripple is a cryptocurrency and it is one of the most useful and famous crypto now, the marketcap of ripple is the top 3 right now.
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February 27, 2018, 01:10:27 AM
 #39

Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.

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February 27, 2018, 01:21:06 AM
 #40

Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.

I agree with you. It is a bluechip, Maybe the bottom is made. I hope that it hits $3 in 3 months.
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