So Ripple (XRP) has received a lot of heat lately. It's probably the one coin that has the most FUD about it from the community. The media seems to love ripple though. Ripple Labs decided to publish an FAQ since a lot of misinformation was going around. Judge for yourself. Do your own research.
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xrp price going down
As of this comment it's down 21% 7 days, 2.43% 24h, and down 0.96% past hour.
There are a few reasons I don't like XRP, but despite my dislikes, it continues to succeed. I don't like that that it's an unminable coin, and is self-issued. This shows me that they have the possibility to self-issue their coins to themselves and influence the markets... Which is a good reason for the banks to sign on Ripple with them. I also don't like that it is a centralized coin, with banks using it. Banks obviously have a history of influencing the markets, as that's literally how they make their money. Why would banks sign on Ripple if they didn't have control over it? I don't think a bank is going to let a currency just become worthless, which again, would give them a good reason to control the markets with it.
Actually if you do your research you'll realize that 1) XRP is decentralized and will actually be more decentralized than bitcoin in a year or two and 2) Ripple cannot issue anymore XRP. That supply is fixed and capped. They do not control the ledger and therefore cannot mint any new coins -- so both of the reasons you dislike it have already been proven untrue. Anything else you dislike about it?
Well, I guess you've proven me wrong. I still don't like it very much because of the banks signing with it, but everything else seems to have been changed since I last researched it.
@cryptinc I feel the same way. I had to really do some digging. I was 100% anti-xrp for a long time because of the wrong information. That's one of the reasons why I had launched this page.
I'll be sure to keep an open mind about XRP. Thanks for sharing the information.
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STOPThanks! Love this!