Why Ripple Is Hated By Crypto Community?

[KlepZ]

XRP there are still many critics of the cryptocurrency. What is criticized the most is that the currency is very centralized because 60% of the coins are owned by the founders. This is both against the fundamental principle of the origins of crypto which is a trustless and censorship-resistant and it is also bad because it will cause inflation when the founders release their coins.

[hrunya102]

Due to the large market cap, XRP has an impact on the market and many simply do not trust them. Although recently, I think Ripple helps in the development of the crypto industry.

[monalia]

Due to the large market cap, XRP has an impact on the market and many simply do not trust them. Although recently, I think Ripple helps in the development of the crypto industry.

You are wrong buddy, it is centralized cryptocurrency and you do not have full access to your while you exchange it. Since it does not give the control for the users. We as community should Boycott such coins which has the high risk factors on investing towards it.

Moreover ripple community owns large amount of there coins better we can avoid it.

[proTECH77]

I don't like Ripple because it's centralized, manipulate etc.. The "Owners" of Ripple can do pretty much anything they want. In decentralized network everyone has to agree for any changes.

More reasons why i personally hate to hodl the token. Sometime ago, i had the opportunity to hodl Ripple but after some months, i discovered that the token was not attracting more investors and when i tried to find out the reasons, i noticed it was be planted by Bank for another style of extortion outside the irregularities of they deductions in day to day activities in the Bank. 

[patz22]

The only reason that comes into my mind its because they're connected to a bank/s which I believe defeats the purpose of crypto. Personally, I hate banks as they hold your money at the same time if they see a lot of money coming in and out you will be suspicious I understand AML but I think it defeats the privacy of certain individual.

[jackflag]

It seems to me that the whole reason is in banks, because if cryptocurrency cooperates with banks, then it is no longer centralized and it submits to management. I believe that Bitcoin should be decentralized and growth should not affect anything.

[pics4crypto]

It seems to me that the whole reason is in banks, because if cryptocurrency cooperates with banks, then it is no longer centralized and it submits to management. I believe that Bitcoin should be decentralized and growth should not affect anything.

Yes it is very true.  Maybe this is the whole problem.  That bitcoin should be independent.  And ripple is somehow dependent on the banks as it cooperates with them.

[kindbtc]

Personally i do not hate or dislike xrp and i think it is still serving crypto market nicely and presenting crypto and blockchain positively around the world, the only point that bothers me is that the team still controls billions of xrp and they can use and cashout all or a portion of them at anytime that may cause major dumps other than that i think ripple has come up nicely as a blockchain technology company.

[cherryganda]

Anything related to bank is not that good. The centralized system and missing blocks problem are two of other reasons why people hate it.

RIPPLE wants to be the bank of cryptocurrency though where is there project now? where is the bank they are talking about?
They've been so long in the community yet theres no result.
Also tehe number of supplies and the fake volumes in the market is annoying.

[Mahanton]

Is It because They're Centralized?

I guess so.Every altcoin that seem to be centralized are being hated by the community.
BCH, BSV, XRP and now Libra.

Libra just recently joined the group and its no different on how this newly released coin would be hated upon by the community.
We most people why we are here due to anonymity and decentralization and coins that are being created that do opposes this main
motive will really have that kind of negative impression.

[BACARAN]

there is a lot of money like a ripple, I think the problem could be the first centralized cryptocurrency.

[Ucy]

Not really hated. It is actually criticized for being a pseudo-crypto. It is not a real blockchain, it is centralized and not trustless/permissionless.
Anything that goes against the ideals of cryptocurrency is often criticized by the community

[dearbesz1219]

It is centralized coin, we can´t trust Ripple that they will not print money just like banks.
And secondly, their behavior. We all heard about threats against people who pointed out on Ripple´s fails.

[abs350]

I think that really all of it hate due to cooperation with banks. It is necessary to confuse the crypto-curly with FIAT here and everything. Everything must be separately.

[Rasa nanas]

Libra just recently joined the group and its no different on how this newly released coin would be hated upon by the community.
We most people why we are here due to anonymity and decentralization and coins that are being created that do opposes this main
motive will really have that kind of negative impression.

I don't know much about the coin called "LIBRA", but I see this as a good thing. I hope this will be a bright spot between Facebook and cryptocurrency.

[ðºÞæ]

Ripple CEO, CTO.... life the good times form money sent in form desperate XRP gamblers.
A Rip-off, plain and simple.

[adzino]

After 2 Years In Crypto Space  I Realize That Most Hated Coin Is Ripple (Other Than BSV).

My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.

Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?

Is It because They're Centralized?

Is It Because Their Consensus Protocol Still Rely on trust?

What Is Your Opinion?

XRP is the coin that is hated most which was created by Ripple Labs. Most of the reasons you mention is right. First of all they are some what centralized coin. More than half of the coins are owned by Ripple themselves. So the Ripple owners has the potential to easily manipulate the price according to their own will. Again, they are operating with banks. Crypto currencies like bitcoin was made to remove third party financial institution like Banks. XRP does the exact opposite thing. And then there are people who hate XRP because most of the people hate it :p .

[omonuyak]

After 2 Years In Crypto Space  I Realize That Most Hated Coin Is Ripple (Other Than BSV).

My Question Is Why? I Didn't See Anything Wrong With Them, They're Kinda Centralized And Was Created For The Bank And They Mention It Clearly.

Is It Because They Cooperating With bank(It Kinda Destroy The Purpose of Crypto)?

Is It because They're Centralized?

Is It Because Their Consensus Protocol Still Rely on trust?

What Is Your Opinion?

If ripple is created for bankers or banks there is no way crypto community will not hate it. I will also not like anything that is centralized because the purpose of bitcoin or blockchain is decentralized. If a central coin or currency has worked well we wouldn't have been talking about cryptocurrencies and ripple been established by bankers will be seen as enemy in cryptocurrencies communities.

[bitladen]

My version is such that a lot of people don't like XRP because this coin is used by banks all over the world, maybe I'm wrong

[halpi]

Ripple will say goodbye to the top 10 because it comes Libra which is the same as Ripple but has stronger names.
Ripple is bad because it is centralized, not private. It is like a classic stock paper with low volatility.