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RE: XRP ( ripple) is it decentralized or a scam in the making?

in #cryptocurrency7 years ago (edited)

Wow, Interesting post. Yesterday i was wondering about the true intentions and legitimacy of ripple...and if the majority of crypto-sphere participants actually really consider what they are voting for. Asking the question, "what are the implications/consequences in purchasing ripple?"

Is such questioning muted/disregarded by a FOMO mentality that is so strongly justified and seemingly rational because so many participants are participating in the same manner...just chasing after some profit?

Everyone wants profits and value...but voting for ripple has always kind of rubbed me the wrong way because of it's links to traditional institutions. Traditional institutions have always historically been running and controlling the ponzi game.

At the moment I'm not so certain it's a great call for every regular joe to support ripple. Seems kind of like selling out...like burning your vote.

Maybe I am mistaken.

Considering that the banks own 70% of the tokens....the question arises...

"is this not a bait and switch?"

Thanks for sharing and opening up the discussion.
Steem On, the Dream is Live

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