Why do people hate Ripple so much? The moment you made mention of this project they will instantly have a wicked laugh 😅 about it, like this project is just some joke, but how come its still a top altcoin if its that bad? How come such a project even win a war with SEC? I am curious, is there something thats not adding up here?
I would not say that many now hate Ripple or have a negative attitude towards this coin. On this forum, there was a negative attitude towards Ripple in 2017-2018, but then it gradually began to change. This was mainly due to the centralized nature of this coin, as well as its backing by the banking system. But the population of different countries used it because of the low price, small commissions and fast transactions. In some countries, transactions in Ripple outnumbered all other cryptocurrencies in volume.
The SEC lawsuit against the two leaders of Ripple Labs cannot affect the coin itself, since it only refers to the facts of abuse by these officials.