Ripple (XRP) is centralized and terribly flawed, researchers say

[richxrp]

More FUD ?..  Ouch !.. isn't this akin to kicking someone when they're down ?

https://thenextweb.com/hardfork/2018/02/06/ripple-report-bitmex-centralized/

Edited February 6, 2018 by richxrp

[johnlogan]

Expect another dip!!! 

[richxrp]

What I'd like to know is how come stellar (XLM) doesn't attract the same comments ?

[Danny]

Ah, ok.

Edited February 6, 2018 by Danny

[mrenne]

The Bitmex "researchers" got their answer from JK on Twitter, that problem is solved.

[Trickery]

BitMex that team of well respected researchers who are impartial highly educated and have no skin in the game?

[xx_cr]

12 minutes ago, johnlogan said:

Aspettatevi un altro tuffo !!! 

another dive! .... I hope not

[ChavasRegal]

4 minutes ago, Trickery said:

BitMex that team of well respected researchers who are impartial highly educated and have no skin in the game?

Are they the same ones that probably got paid in BTC?

[mragsdale]

Interesting I guess ... good to read everything on both sides.  Most of it focused on the "divorce" of key party players.  That's not really news.  Every major corp had that.  FB went thru it and came out ahead.  People disagreeing on the future is normal.

Moving forward.. I think XRP has a place in this nutty world of crypto that hasn't truly matured.  No one coin will solve it all.

If you want 100% privacy, Bitcoin sure isn't it.  That means there's room for other forms of "currency" or things to exchange.

If you want compliance and hope Banks and other reputable institutions will adopt.. you best have things like a freeze in place and be regulatory compliant.  That's a good thing.

I doubt any Bank will use any decentralized crypto that can't be traced or locked.  Goes against the AML that is place on all major operating banks in the United States.  XRP has this going for them.

Joe and Jane Crypto may hate it but a Bank won't.

Fees matter.. I like the concept of Bitcoin but quit using it as it's stupid to pay somebody $20 P2P for drinks and another $20 in network fees because the system is loaded.  It's clearly not a peer to peer system.  I don't know what it is exactly.  XRP has lot of options really.  It could be a currency.  You and I could agree dinner was 100 XRP.  Move from P2P.  Banks can use it.

Decent report.  It didn't change my mind but I guess owning XRP myself I'm already biased to think there's something here that is only getting better month by month.

[ZeeperCreeper]

1 minute ago, mragsdale said:

If you want compliance and hope Banks and other reputable institutions will adopt.. you best have things like a freeze in place and be regulatory compliant.  That's a good thing.

XRP cannot be frozen, if that's what you mean..

[Trickery]

1 minute ago, mragsdale said:

If you want compliance and hope Banks and other reputable institutions will adopt.. you best have things like a freeze in place and be regulatory compliant. 

There is no freeze function on xrp, only on gateways.

[mragsdale]

What I guess I mean given I'm so new to this..

Is that a method to stop payment or anything to that matter is a good thing gateways or otherwise.  Being traceable and such.  I didn't see whatever the report was getting at to be a negative in my mind.

[DavyJones]

23 minutes ago, richxrp said:

What I'd like to know is how come stellar (XLM) doesn't attract the same comments ?

Because Stellar is for the people not for the banks and helps the unbanked! 

And it can cure cancer of course.

[smokeyjefferson8467]

44 minutes ago, richxrp said:

More FUD ?..  Ouch !.. isn't this akin to kicking someone when they're down ?

https://thenextweb.com/hardfork/2018/02/06/ripple-report-bitmex-centralized/

Did you all take any profits when we were in the 3 dollar range?

[johnlogan]

2 minutes ago, smokeyjefferson8467 said:

Did you all take any profits when we were in the 3 dollar range?

No, I only bought a bunch of XRPs...