The article, found from the Daily Express has this to say about Ripple:
RIPPLE is not seen as a cryptocurrency by financial professionals and experts are arguing it should not be listed next to bitcoin and ethereum.
"...XRP is centralised and was not intended for retail use, it already has an extremely high valuation so I would advise prospective buyers to steer clear for now.”
Interesting angle, any truth in it!!?
Yeah its centralized, ripple does not use miners and by design is built on a centralized blockchain for more reliability and more speed they say.
It can also be printed on demand, and when used its destroyed.
Am glad you brought that point up! I posted this up from Ripple the other day, FAQs. Note question 9: Can Ripple create more XRP?:
https://steemit.com/cryptocurrency/@agere/frequetly-asked-questions-about-ripple-xrp-discussion
What you think?? BS?
It may or may not be true, but can still be a store of value somewhat. Though I think there are many better choices. Just seems Ripple is going for the integrating with banks route instead of a more adaptable, open and flexible coin.
I would say this is correct atm.
Ripple understands each coin needs an actual use case.
Theirs is banks
That does not make them a shit coin
It actually makes them one of the few coins with an actual current real-world use case it is fighting to solve.
That's a really fair point. Makes me think that this is where Stellar Lumens can capitalise
This is b.s, there will never be more xrp created. It's fud that is spread far and wide. I would challenge anyone to show us where and how this could happen.
Where and how what can happen? More XRP being generated?
Yes, i hear this all the time. I am yet to find one shred of evidence that this is the case.
I would say its a shitcoin, I hope people will wisen up, take their profits and go elsewhere :)
Many would agree! Do you think it will be unrecognised as a crypto or just die slowly in a ditch somewhere?
Is the XRP bubble about to burst??