Thanks for your comment.
It looks like you didn't read through the entire article though, unfortunately :(
If the reasons given in this article aren't sufficient:
- XRP is centralized (do you doubt this?)
- Ripple is made to help banks (do you doubt this?)
- Ripple is not XRP
- Ripple can freeze XRP funds at any time
then I have many more coming in the next article.
Ripple Labs 100% premined Ripple, for starters, and sold it at a 100% profit to the community. There was no mine, and they made optimal money off each sale. Additionally, XRP is not the coin being bought by banks.
Banks will never buy XRP directly, and even if they need to, they'll buy it from Ripple Labs' premined stake, presumably at a discount. XRP is only rising because people are uninformed about how this thing works.
Lastly, it looks like you support Ripple because it's "affordable for anyone to buy a cup of coffee at Starbucks." Seriously? You realize there are hundreds of coins that power the same thing? When I say Bitcoin, I'm talking about the entire Bitcoin community of forks, from Bitcoin Cash (<1 cent fees), and more.
There's Litecoin (very low fees), Bitshares (very low fees), Steem (no fees!), RaiBlocks (practically feeless) and so many more coins that do what you want. Why Ripple? Why a centralized coin, practically made to help banks?
I assume you hold a giant stake in Ripple (XRP). Please look over the information above without thinking about protecting your stake, as that will lead to some obvious confirmation bias. Think with your brain! Not with your money.
There's a reason Reddit.com/r/ripple is so heavily censored, as they don't want information like this being commonly known.
If you have any more doubts given all of the above, please feel free to reply.
— @mooncryption
disclaimer: Since one week ago, I have sold all my Ripple and moved it to other cryptocurrencies.
No I dont hold a heavy position in Ripple and my interest in it is not because it is offers an alternative to high bitcoin fees. Shoot Ripple and Bitcoin dont even target the same customer segments. I like Ripple because it has a highly targeted focus and is quickly validating its business model with client buy in. That alone impresses me. Basically, their enterprise clients love the Ripple koolaid
Centralized. did you read about it external node validators. that for every two third party node it will remove its one node. banks and other institution will definitely setup their own nodes to have some control over it .
This article is 1 year old... check the latest news in https://beincrypto.com/ripple-news/ and maybe you will talk in another way bruh ;)