Re: Worried about Mt Gox? What does this price fall mean for BTC and its clones?
Citation needed. I have proof of ripple's centralized control as it is part of the architecture. It was designed that way. All you have is speculation and conjecture. Keep spreading FUD because that is all you have.
This is a much sadder situation than first thought. Not only are you oblivious to basic facts about Bitcoin, you dismiss any criticism. Did you even learn what you were investing into? From THREE basic Google searches, I found articles that back up EVERY point. Because they are all well-known facts and I am well educated in Bitcoin politics.
Winkle Twins 1% http://www.businessinsider.com.au/the-winklevoss-twins-bitcoins-2013-4
The US Government's HUGE stake in Bitcoin http://www.wired.com/wiredenterprise/2013/12/fbi_wallet/
Bitcoin price manipulation http://blog.p2pfoundation.net/how-the-bitcoin-1-manipulate-the-currency-deceive-its-user-community-and-make-its-future-uncertain/2013/06/30
Now where are your citations? Because from my knowledge, you can run your own Rippled. So actually YOU are the one looking to spread FUD.
Winlkevoss twins owning 1% of bitcoins. Yes it is a choice they made to buy those coins. I am fully aware they own that many. If they want to buy 100% of the coins that is fine too, I expect that will be very costly. Its a matter of free market demand. They don't control the bitcoin network any more than the other 99% of owners control the network. If the 99% sell of bitcoin to 0 then the Winklevosses lose. They took a risk. But having 1% of anything is not control. Tell me where you can own 1% of something communal and have control over the 100%. Lol
The FBI owns 144,000 coins. This is even sadder than your winklevoss argument because their bitcoin stake amounts to 1.2% of total bitcoins and their "ownership" is only as an asset in a criminal investigation that will be auctioned off to the public when the investigation is complete. So they did not purposefully take the coins to "control" the network. What the buyer does with the coins is up to them. Free markets dictates that.
Bitcoin price manipulation. That entire article is conjecture. There is not fact behind it. The bitcoin market is controlled by market dynamics. Bitcoin ownership by account.
Compare that to the United States wealth distribution
Now compare how much control the creatores fo ripple have over XRP. Oh yeah...
"Ripple is a scam! Ripple is a get rich quick scheme for it's creators, a private for-profit company. It is NOT open source. It is CENTRALIZED, akin to PayPal rather than Bitcoin. For more info, visit RippleScam.org."