Jump to content

Dispute on if XRP meets GDAX Digital Asset Framework


XRPaddict

Recommended Posts

In this article the guy says XRP being added to Coinbase is a no brainer but down in the comments section a guy says, "XRP cannot be added because it doesn't meet the guidelines for adding new coins to their system. Their policy states that it must have a consensus mechanism. XRP doesn't have one because it isn't decentralized. Please do your research before posting information. You could lead people to make bad investments due to speculation."

https://www.tradingview.com/chart/BCHUSD/5qpnQ3yB-Follow-the-Money-What-Coins-will-be-Added-to-Coinbase/

Anyone want to give an opinion on this?

Edited by curtisgebers
Link to comment
Share on other sites

5 minutes ago, curtisgebers said:

In this article the guy says XRP being added to Coinbase is a no brainer but down in the comments section a guy says, "XRP cannot be added because it doesn't meet the guidelines for adding new coins to their system. Their policy states that it must have a consensus mechanism. XRP doesn't have one because it isn't decentralized. Please do your research before posting information. You could lead people to make bad investments due to speculation."

 

Anyone want to give an opinion on this?

Ripple Labs has and so has their CTO as well as Chief Cryptographer I believe. I suggest you go on youtube and find the videos. 

Also try to look up consensus as well, so that you understand what it means.

Ripple does have a consensus mechanism.

Link to comment
Share on other sites

Oh, I'm sorry for being an idiot, there. Didn't get enough sleep. -_-

technical explanation for how the consensus process works: https://ripple.com/blog/ripple-labs-tech-talk-consensus-within-the-ripple-protocol/

they also say they are trying to add RippleNet validator nodes at other companies (and academic institutes) to replace their own.

but if you don't take their word for it, technically I believe they still operate a majority of the nodes.

A public statement from the CEO in Oct is in an answer to this question on Quora:

https://www.quora.com/Why-is-Ripple-centralized

Edited by corak
Link to comment
Share on other sites

54 minutes ago, corak said:

Oh, I'm sorry for being an idiot, there. Didn't get enough sleep. -_-

technical explanation for how the consensus process works: https://ripple.com/blog/ripple-labs-tech-talk-consensus-within-the-ripple-protocol/

they also say they are trying to add RippleNet validator nodes at other companies (and academic institutes) to replace their own.

but if you don't take their word for it, technically I believe they still operate a majority of the nodes.

A public statement from the CEO in Oct is in an answer to this question on Quora:

https://www.quora.com/Why-is-Ripple-centralized

That was a very good video and article. I learned far more than I expected. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...