Post
Topic
Board Altcoin Discussion
Re: Buy or trade ripple
by
henke1
on 04/01/2018, 17:21:00 UTC
I’m a little bit confused as I’m new to this my friend is making a fortune from ripple but not actually owning any as he is investing in it, is this better then having ripple sitting in a wallet?
XRP is a centralized coin if you want to get profit from it dont hold it for too long as it is controlled by the bankers.
As i understand, there is a max of 100 bln ripples, but with every transaction, that amount 'shrinks' , is it then not so, that in future there are no rpples anymore ? Or is it that the company building the Ripple protocol, OpenCoin, can 'make ripples as they please' ... like fiat 'printing' ?  Roll Eyes
Quote
A Distributed Ledger with Global Freeze Functionality   

The “freezing” of McCaleb’s funds revealed an interesting feature tied to the Ripple public database. Ripple Labs can freeze XRP accounts using two possible methods: one can stop the functionality of an individual account while the “global freeze” can bring the entire network to a halt. The global freeze is not a rumor,
https://news.bitcoin.com/is-the-centralized-ripple-database-with-the-biggest-pre-mine-really-a-bitcoin-competitor/
no ripple for me , tnx ...  Roll Eyes