XRP, is a proof of stake tech, which means it’s centrally controlled has a central authority. It also has a CEO and board members, it can issue new tokens at anytime. You can delete tokens at any time, why do I need XRP when I can do it all with another non-centralized cryptocurrency. Which would make XRP worthless. The used case for international real-time settlement a weak compared to a Decentralized Network. Would any of the BRICS country trust a centralized Network?
XRP, is a proof of stake tech, which means it’s centrally controlled has a central authority.
The Ripple network does not run with a proof-of-work (PoW) system like bitcoin or a proof-of-stake (PoS) system like Nxt. Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
It also has a CEO and board members, it can issue new tokens at anytime.
XRP doesn't have board members. It's like Bitcoin, it was a protocol that was created as a decentrilized currency. It started as OpenCoin and it's open source. It cannot issue new tokens. It's like Bitcoin. There's a set amount out there.
Ripple has board members and a CEO but they only make software that works with banking infrastructure.
Why do I need XRP when I can do it all with another non-centralized cryptocurrency.
Because XRP will have legal clairty. Also like I said, XRP is for banks to do international transfers to each other. People probably wouldn't be using it between eachother. XLM or something will be used for day to day as well as cash.
The used case for international real-time settlement a weak compared to a Decentralized Network.
XRP is decentrilized.
Would any of the BRICS country trust a centralized Network?
Because XRP's price will be fixed to the price of gold. Banks will transfer between eachother using XRP has a sea of gold liquidity.
Also, thanks for being very cool. I've spoken with others about XRP on here and they have devolved into insults and shit. I think at the end of the day banks want to save on overhead, cut out middle men, do business fast and legally. It'll be hard to tell banks not to use what they want to use between eachother and we all want gold to be the standard but shipping gold everywhere isn't an answer either and SWIFT sucks.
The worst part is all this was engineered to force government regulations on crypto.
Hope you've all bought XRP.
Anyone promoting xrp is selling slavery, xrp is no different than fiat slave dollars.
It’s a way for banks to send money to each other internationally safely and quickly.
How is that slavery?
XRP, is a proof of stake tech, which means it’s centrally controlled has a central authority. It also has a CEO and board members, it can issue new tokens at anytime. You can delete tokens at any time, why do I need XRP when I can do it all with another non-centralized cryptocurrency. Which would make XRP worthless. The used case for international real-time settlement a weak compared to a Decentralized Network. Would any of the BRICS country trust a centralized Network?
The Ripple network does not run with a proof-of-work (PoW) system like bitcoin or a proof-of-stake (PoS) system like Nxt. Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
XRP doesn't have board members. It's like Bitcoin, it was a protocol that was created as a decentrilized currency. It started as OpenCoin and it's open source. It cannot issue new tokens. It's like Bitcoin. There's a set amount out there.
Ripple has board members and a CEO but they only make software that works with banking infrastructure.
Because XRP will have legal clairty. Also like I said, XRP is for banks to do international transfers to each other. People probably wouldn't be using it between eachother. XLM or something will be used for day to day as well as cash.
XRP is decentrilized.
Because XRP's price will be fixed to the price of gold. Banks will transfer between eachother using XRP has a sea of gold liquidity.
Also, thanks for being very cool. I've spoken with others about XRP on here and they have devolved into insults and shit. I think at the end of the day banks want to save on overhead, cut out middle men, do business fast and legally. It'll be hard to tell banks not to use what they want to use between eachother and we all want gold to be the standard but shipping gold everywhere isn't an answer either and SWIFT sucks.