Post
Topic
Board Service Discussion
Re: Why Ripple™ is against everything Bitcoin Decentralized
by
cypherdoc
on 11/05/2013, 16:57:04 UTC
surely you must see that by them wanting to make money and being a centralized point of control and distribution/issuance of XRP, and currently a closed source of code, that there may end up being a conflict of interest?

Their interest is to maximise the value of XRP. And again, if you don't like XRP as a currency, don't use it as such. You'll only need tiny amounts in order to be able to use it for other currencies. In my opinion the most likely application would be exchanging between BTC and fiat currencies and for that it would be far superior to Mt Gox.

ok suppose a scenario where they hide a flaw in the network in the interest of pumping the value of their freely self-issued XRP?  how does that work out?