Post
Topic
Board Altcoin Discussion
Re: Reality of Ripple - centralized or decentralized?
by
Yakamoto
on 17/12/2017, 21:37:57 UTC
There is a lot of accusations that ripple is more of centralized crypto which will only benefit the government and banks not for individual investors and also it serves the agenda of bank to penetrate the crypto currency market ? Is it true ? Because as far as I think ripple.will benefit everyone and make transfer of funds more easier and there was an recently article where there are speculation that ripple.will be more decentralized than bitcoin
Doesn't Ripple survive based on the belief that it is supposed to be some sort of medium for banks to move value in the form of cryptocurrencies back and forth? It might as well be centralized because of it existing solely to benefit banks and their subsidiaries. Ripple won't ever be more decentralized than Bitcoin, maybe it will be more distributed than Bitcoin but it almost sure as hell won't manage to be more decentralized.