Centralized coins

[Hell-raiser]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

I don't know about the good part but I'm dead certain of just one bad part that would make any sane person stay away from these quasi-monies. Such coins are centralized which means there is a single entity behind them. It is not a big deal and a lot of pain in the ass for a government to forcefully close or shut down such an entity. That would mean instant death of the coin. Simply put, governments don't like private money in general. There were efforts in the past (even before Bitcoin) to issue such money, which aimed at creating a universal means of payment and exchange, as opposed to promissory notes and bills of exchange which are also forms of private money, though not universal. Needless to say, all such efforts failed as governments were quick to nip in the bud and halt any such activity. They will never willingly give up their monopoly on creating money or tolerate competition in this field.

Governments are putting up with cryptocurrencies because they can't effectively fight with them. This is evidently not the case with centralized or private money like Ripple or whatever. So there is no reason to think that such currencies will ever be able to take over cryptocurrencies like Bitcoin and friends. As soon as they get traction, they will be destroyed.

[Warren Buffert]

I don't think there is any room in crypto for a centralized currency, just use any fiat currency of your choice if you want centralization and feel the need to be regulated in some way.

[beliomir]

Of course, centralized coins have a place to be, since not everywhere decentralization is necessary and convenient.

[Ochuvatkina1]

Centralized coins can exist but they can not be called crypto-coin. This is HYIP which is created by administrators and exists only to enrich their creators

[pey]

There is absolutely a great room for centralized coins in the market, but I can never thought even ripple can be more valuable than ethereum or bitcoin. It is also not good coin as a investment for me.

[drachman]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

Centralized coins have some advantages over decentralized solutions, however if I wanted to use a centralized solution I will use a coin created by a government instead of a private company, this is what makes cryptocurrencies like bitcoin attractive, since there is no one that can talk for all the community, the miners or the developers, the decentralization protects the project from becoming something different than its original mission.

[batang_bitcoin]

Ripple win over Bitcoin  

By reading this type of question dude are you sure of what you are asking? Ripple has never gained any chance to win against bitcoin.

What is the good part about centralized coins against the decentralized ones ?

There's no good part about centralized coins remember that crypto = decentralized.
Investor Sues Ripple Alleging 'XRP Is a Security'
What can you say about this?

[ladydark]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

No such coins like ripple could not win over bitcoin and Ethereum as people would not be supporting such coins as their prices would not increase considerably due to their centralised nature.

[petyang12]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

There is no win-lose here. Don't be stupid. Bitcoin's purpose is different,and same goes for Ethereum and Ripple. This topic has been discussed more than a dozen times and yet here we are.
The difference between centralized and decentralized cryptocurrencies are that the former is more attractive to people who believe in banks/government/centralized control,etc. The latter is more preached by people who believe in anonymity/privacy and those who hate the government.

I agree with this. I think ripple is the same as fiat monet but in digital form and also for keeping your money safe whereever you go and you can pay through ripple. I agree that there is no win-lose when you talk about centralized and decentralized currency when bitcoin and other decentralized currency there is already a goal ready to achieve their purpose and same as centralized they also had goals and targets to achieve so there's no need to ask if ripple has a room. Of course there is room for ripple if not ripple won't exist. People find their way on keeping their money safe that's why they go to bank to deposit their money.

[dekafee79]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

It think it is not about win or lose.Bitcoin's purpose is different,and same goes for Ethereum and Ripple.
The difference between centralized and decentralized cryptocurrencies are that the former is more attractive to people who believe in banks/government/centralized control,etc. So, it only perception. It is my opinion.

[fiulpro]

There is never room for anything but in fact they make their own space.
If we look back we will realize that the Bitcoins weren't needed by the government nor by the people but in fact how well it blended with the economy is really something else .
Bitcoins have created their own air and when we talk about centralized coins it's like everyone will have more trust ,the currency will be stronger since it's getting backed up so it's an excellent opportunity to explore .

[bozo333]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

Centralised coins are shitcoins because it is not completely transparent to people so totally worst platform. But some big gaints are involving this platform automatically   this will reach higher position in Crypto market. At the same time many Bitcoin believers are against in Ripple. Bitcoin and Ethereum are always two eyes Crypto platform no one is beat the marketcap in forever.

[thrylos]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

The good thing about centralized crypto, investors have the 100% assurance of security that they are not on a scam project, the success is not hard to acquire in this time because there are people who were became a victim of many shitcoins before, a scam project that looks heaven at the beginning but he'll is the future. But I dont have a direct opinion that centralized can win over btc and eth, this will not happen because bitcoin and eth is already at the moment of being the giant of cryptocurrencies.

[geopolisch]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

It's not about winning over Bitcoin or Ethereum. All three of those coins/tokens have different purposes, so thinking about it as one winning over another is like asking do you think there's room for the NY Yankees to win over Manchester United? They're both sports teams, but they don't play the same sport in the same league.

Yes, centralized coins such as Ripple can win. Centralized coins could have greater market cap then decentralized coins. Ripple's success in no way impacts Bitcoin's success or Ethereum's success or the success of almost every other cryptocurrency.

I also think that centralized coins will win and will hold the future cryptocurrency market, because it is more authentic and reliable than decentralized coins, although we have to pay some taxes on centralized coins but we will be mentally satisfied and will be more secure than investing in decentralized coins. If the government backs a coin then definitely it will grow more.

[andika2018]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

I dont think ripple price able to compete with bitcoin price. Ripple coin is different with ripple network, and banks only using ripple network, as far i know, banks dont use ripple coin.

[Digital_Lord]

Centralised coins are always supporting to government not a peoples so most of the investors are avoiding the centralised coins. But some peoples are panic to invest in decentralised coins because it is not stable currency anytime it will raise or fall is happening in the decentralised coin. So centralised coins are not fit for the Crypto investment.

Yeah you are right. When you have no tension of looting or hacking of your money then you will invest in such coin. When you can claim your money and your government support you, you will be satisfied with your investment. I think that centralized coins are far better than decentralized coins. I will encourage centralized coins for safe and secure investment.

[Artemon82]

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

i do not believe in such coins and do not buy it, im in crypto for decentralizetion and coins like ripple do not bring any good into crypto world, better stay away from such coins

[wuvdoll]

Governments are putting up with cryptocurrencies because they can't effectively fight with them. This is evidently not the case with centralized or private money like Ripple or whatever. So there is no reason to think that such currencies will ever be able to take over cryptocurrencies like Bitcoin and friends. As soon as they get traction, they will be destroyed.

I wonder why anyone will even think anything good can ever come from something that has the main possibility of being controlled and manipulated anyway. If we wanted something centralized, I guess we would have just decided to stick with fiat rather than investing in a currency that some group of people who are behind it can just get it imploded anytime they feel like.

Like you have pointed out, I believe and will always believe that centralized coins suck and they will always be shitty for the obvious reasons which are being experienced by us for years. Those centralized coins survived till now because we do not have any options to get rid off them. But, after the introductions of bitcoins, things will definitely change for the betterment of every human of this planet.

[Leyss]

Centralized coins have the right to exist. Moreover, we can not influence the situation with their appearance in any way. States create and will continue to create their centralized coins and they will walk along with decentralized coins. Between them there will be competition and decentralized coins will have the opportunity to show their advantage. Crypto currency should have different options and different combinations, people should choose which of these crypto currency will be the best.

[justdimin]

Of course, centralized coins have a place to be, since not everywhere decentralization is necessary and convenient.

Well, they may have place to be in the market in the long run, but I do not see them having much space to occupy as most people will not really give much damn about them anyway. With the way things have been over the years and how centralization has only favored some certain caliber of people, I do not think those who understand that will want to invest in something that is being controlled by some devs. That is the idea that sucks pretty much. Most altcoins are still working as a corporate or individual's decision based coins.

For instance, dogecoin was turned as a inflated currency overtime just due to the reason of being centralized whereas its community still hating that.