Ripple is a typical BankCoin and XRP is "pre-mined". Ripple has no mining or miners whatsoever. Instead, transactions are powered through a “centralized” blockchain, the key word being, “centralized”
A "Good" crypto currency are not pre-mined and has a decentralized Blockchain and no central authority. Bitcoin and Litecoin is good, but Ethereum was pre-mined to line the pockets of a bunch of founders, making them filthy rich.
Can you spot the difference?
Agree but even ethereum has a large POW mining phase.
these others he mentions are far worse with no mining and all premined