Post
Topic
Board Altcoin Discussion
Re: Reality of Ripple - centralized or decentralized?
by
BrewMaster
on 31/12/2017, 16:28:04 UTC
There is a lot of accusations that ripple is more of centralized crypto which

these are not accusations, these are facts!
  • supply is in full control of a small group, the  creators behind it which are banks. they control almost all of it but technically they have more than 60% of the supply. that is 60 billion coins * ~$2 = $120 billion
  • there are not nodes run by peers! which is exact contrast of a decentralized network. instead the nodes are run by Banks and Ripple Labs
  • here is the best part: Ripple Labs can "freeze" your account aka your funds. they did it with John McCaleb funds who was the co-founder of ripple!