Quote from: cmbartley on September 28, 2016, 06:22:57 AM

Quote from: bbc.reporter on September 27, 2016, 06:06:43 AM

Quote from: Jjtjjt on September 27, 2016, 02:48:24 AM

Quote from: americanpegasus on September 23, 2016, 06:52:45 PM

There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.

I am So sick of hearing this "centrally controlled" nonsense. It's getting really old and stale. I love Bitcoin as much as the next guy, but come on, get off it already.

Because it is. The worst part is they are marketing themselves as "decentralized" which they are not. They are not even a real cryptocoin. What they have is a database with a currency centrally controlled only by them. They even gave the gateways power to freeze your money in the platform. Where is the spirit of crypto in there?

Do your homework:

"The Ripple Consensus Ledger gives addresses the ability to freeze non-XRP balances, which can be useful to meet regulatory requirements, or while investigating suspicious activity. There are three settings related to freezes:

Because no party has a privileged place in the Ripple Consensus Ledger, the freeze feature cannot prevent a counterparty from conducting transactions in XRP or funds issued by other counterparties. No one can freeze XRP."

https://ripple.com/build/transactions/

Yes. But they can freeze your non XRP funds in Ripple am I correct? What kind of cryptocurrency platform is that? I would rather use my bank. At least with them I can talk to the manager face to face when something is wrong.