Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aleksej996
on 17/09/2018, 13:39:57 UTC
⭐ Merited by d_eddie (1) ,vapourminer (1) ,Hueristic (1)
OT : Hey guys, isn't it great that Ripple has a "product" launching soon?

https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.html

I mean, isn't that what we all want for our cryptocurrency? To be commercialized and commoditized for a centralized company's profit? /s  Roll Eyes Roll Eyes

And of course there's this, lol:

Quote
Ripple, founded in 2012, owns about 60 billion of the 100 billion XRP tokens in circulation

Ripple really shouldn't be considered cryptocurrency.

Why even put it in the above list of 10 top coins, when there is no reason to consider it a cryptocurrency if it doesn't need a blockchain.
You could just make the whole system more efficient and make it a simple centralized payment processor.

So many projects nowadays forcefully put their data into blockchains when they don't need them.
Just makes the whole system slower for no reason.

Since they are already centralized, one of these days they will come up with an amazing new unique idea to replace a blockchain with a simple ledger for efficiency purposes. They will become just a normal bank and reach their full potential.