Quote from: Haoss on June 20, 2015, 01:27:08 AM

Quote from: tspacepilot on June 20, 2015, 01:22:08 AM

Quote from: Haoss on June 20, 2015, 12:25:18 AM

What are your thoughts on XRP, I invested 1 BTC about a month ago, which I later exchanged for other crypto that was stolen from me after some guy hacked my polo account...But all the posts that I read never include Ripple as a crypto that has potential. Anybody care to explain why ? I see it has great potential since it has become a mainstream crypto and has a great dev team with a vision, while also maintaining its price without huge fluctuations, making it a very sensible investment.

New to the world of cryptocurrency and Bitcoin

Would love to read some of your responses

On the assumption that you're actually curious about why Ripple isn't really considered much around here, it has a lot to do with the centralization. Whereas the "altcoin" family are all, to some degree, clones of bitcoin (yes, they vary the algorithms and the block rates and ceter, but the hallmark is a decentralized ledger kept on a P2P network), Ripple, as far as I understand it, is owned and operated by a single company which, while using some cryptography to secure transactions, doesn't have the main factors that people here find crucial. The main one of those being decentralization---trustlessness. The main idea thesis of Satoshi's white paper is how to create a trustless exchange system that doesn't rely on a third party. People here find that crucial. I hope this helps.

Ahh I see what you mean, thankyou for clarifying

I think Ripple Labs plans on being a minority stakeholder in xrp's and at the same time have xrp's distributed to "who and what" legally utilitize the network to make the world's financial markets more efficient.