Post
Topic
Board Altcoin Discussion
Re: SBI Plans to Utilize Ripple Payments Network to Consolidate ATM Access in Japan
by
ProfWigSlipper
on 16/05/2020, 23:34:34 UTC
Wrong Section for this news? I will be the first to point out that Ripple/XRP is not an actual crypto altcoin, but a 100% "pre-mined" scheme.

Quote
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, and Ripple Labs issued a statement about it on August 1, 2014.
~source https://news.bitcoin.com/is-the-centralized-ripple-database-with-the-biggest-pre-mine-really-a-bitcoin-competitor