yxxyun Posted September 26, 2018 Share Posted September 26, 2018 https://coingape.com/xrp-centrally-controlled-by-ripple/ Quote The ghost of centralization is not ready to leave Ripple and its token XRP. The bull run that skyrocketed the XRP prices by over 100% last week, seemed to drive the centralisation issues away from the coin. But that was pretty short-lived as now the latest research published by Bank of International Settlements (BIS) has termed XRP’s network of trusted nodes are controlled by the Ripple. UNL, the list is controlled by ripple, but the nodes are not. cryptoxrp and enrique11 2 Link to comment Share on other sites More sharing options...
Popular Post FOOD Posted September 26, 2018 Popular Post Share Posted September 26, 2018 Ah yes, "The Gape".... I tried to google this news source.... bad idea..... just incase anybody attempts to do so, please, please, please for the love of god..... turn off pictures/video!!!! ZamaX, Fernando, captainjack and 10 others 1 12 Link to comment Share on other sites More sharing options...
Kpuff Posted September 26, 2018 Share Posted September 26, 2018 Haaa some new fud. Saying it's centralized cause regulatory news doesn't affect the price. That's just dumb. Who is this bis, they want a war we'll give it to em Link to comment Share on other sites More sharing options...
yxxyun Posted September 26, 2018 Author Share Posted September 26, 2018 maybe in the future, we can let the community vote to decide which validator to enter UNL. Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted September 26, 2018 Share Posted September 26, 2018 The report actually says: Quote The XRP token also react less, which may reflect that its network of trusted nodes is centrally controlled by its issuer Ripple, making the XRP token distinct from other, permissionless, cryptocurrencies. https://www.bis.org/publ/qtrpdf/r_qt1809f.pdf There is no discussion about the details that underline this statement so it's difficult to understand precisely what they mean. It seems ambiguous at best and confused at worst. Nevertheless, the 'news' site has spun it as negatively as possible. cryptoxrp, Danny, mistatee2000 and 1 other 4 Link to comment Share on other sites More sharing options...
Kpuff Posted September 26, 2018 Share Posted September 26, 2018 4 minutes ago, OzAlphaWolf said: The report actually says: https://www.bis.org/publ/qtrpdf/r_qt1809f.pdf There is no discussion about the details that underline this statement so it's difficult to understand precisely what they mean. It seems ambiguous at best and confused at worst. Nevertheless, the 'news' site has spun it as negatively as possible. That news site needs to go **** itself. Haha they really ticked me off with this one Link to comment Share on other sites More sharing options...
Malloy Posted September 26, 2018 Share Posted September 26, 2018 First...from their website "Established in 1930, the BIS is owned by 60 central banks, representing countries from around the world that together account for about 95% of world GDP" Then you look at the "members"...all central banks that have NO intention of letting crypto take over... So...how unbiased can this report be whatever it says...I won't even take time to read it. DariStar 1 Link to comment Share on other sites More sharing options...
keybordem Posted September 26, 2018 Share Posted September 26, 2018 (edited) I am sure Ripple would love if every central bank was involved in running nodes along with Universities and major corporations. It's a little short sighted to judge a network just getting off the ground and needing some sort of central control to protect and guide it till it stands on its own. BIS has a great opportunity to get involved in shaping the future instead of just fighting it. At the very least Ripple has a clear road map and could somewhat be held accountable for a steady path towards almost zero involvement by major governments inexchange for growing the network securely. . Edited September 26, 2018 by keybordem aavkk and cryptoxrp 2 Link to comment Share on other sites More sharing options...
xrphilosophy Posted September 26, 2018 Share Posted September 26, 2018 Coingape! Hot macaroni. Truth in a bottle. Pffft. Link to comment Share on other sites More sharing options...
ReXRP Posted September 26, 2018 Share Posted September 26, 2018 Looking at their site, they have several articles that are pro XRP and Ripple. Maybe it's just the author? Link to comment Share on other sites More sharing options...
mrhat75 Posted September 26, 2018 Share Posted September 26, 2018 Any retard can create a 'news' site nowadays. If a person is gullible enough to take a single article seriously, then they shouldn't be investing in anything, let alone crypto. That being said......in 589 we trust TheXRPer and Trickery 1 1 Link to comment Share on other sites More sharing options...
bloopi128 Posted September 26, 2018 Share Posted September 26, 2018 (edited) Edited October 2, 2018 by bloopi128 Link to comment Share on other sites More sharing options...
21x2 Posted September 26, 2018 Share Posted September 26, 2018 Me and BIS? Link to comment Share on other sites More sharing options...
cryptoxrp Posted September 26, 2018 Share Posted September 26, 2018 (edited) On 9/26/2018 at 3:00 AM, yxxyun said: https://coingape.com/xrp-centrally-controlled-by-ripple/ UNL, the list is controlled by ripple, but the nodes are not. “The XRP token also react less, which may reflect that its network of trusted nodes is centrally controlled by its issuer Ripple, making the XRP token distinct from other, permissionless, cryptocurrencies” We should all be very happy that the UNL list is controlled by Ripple. This is providing the quality assurance which is needed for the whole network to run smoothly. Just imagine some amateurs running validators and destabilizing the network.... Edited September 27, 2018 by cryptoxrp Link to comment Share on other sites More sharing options...
kenrino Posted September 26, 2018 Share Posted September 26, 2018 (edited) _ Edited October 3, 2018 by kenrino Link to comment Share on other sites More sharing options...
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