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


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First thing I always do...who is BitMEX and who are the "researchers" "BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX

Let it be known  that when you attack someone smarter then you for a short term gain you gonna get crushed...Go David Go!    

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

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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.

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