Ripple freezes funds of co founder!
Ripple has frozen the assets of its co founder Jeb Mcaleb to the tune of $1 million XRP. In 2014 Ripple introduced a feature called balance freeze which allows network gateways to freeze funds preventing them from being traded. They froze Mcalebs account after finding out he planned to "trade" 96 million XRP. YAY! Looks like ripple can freeze your funds if they don't like you. If your coin has a board of directors, im sorry its not a cryptocurrency.
obviously ripple could freeze anyones account if the government here (u.s) or even abroad asked them to. It appears as though they can also reverse funds which is an awesome feature more cryptos need... NOT.
Its important to note that banks are not interested in XRP the coin, Large institutions want to use the Ripple Mainnet which does not require XRP to operate. Banks have no interest in Ripple (XRP) tokens.
I got into cryptocurrency to take control of my finances and beat the power/control monopoly exercised by huge banks. Most are here for profits and thats ok to, but to me, ripple is a step backwards in censorship resistance, decentralization and monopolies.
Oh and even the founder does not recomend investing in XRP
ITS NOT ABOUT THE SPEED OF TRANSACTIONS, ITS ABOUT THE FREEDOM OF THEM
