Ripple (XRP): One of the Biggests Existential Threats to Crypto

in #ripple6 years ago (edited)

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You thought I was going to say Blockstream right? Well Ripple Labs decided to top them. They offer blockchain solutions to banks and financial institutions but their main product isn't XRP. So Ripple is more then just XRP?

Ripple Labs is a corporation and their XRP coin is totally centralized. Leaving them as a single entity to attack if US Government goes full blown anti-crypto.

You must reserve a wallet to hold your XRP funds? Are you kidding me, how many coins and tokens don't charge a fee to have your own wallet or multi-wallet?

XRP has remained consecutively low in purchasing power. It's around the purchasing power of some #30 random altcoins. If it can't reach $1 a coin or more, it's likely monopoly money.

Ripple Labs Class Action Lawsuits could go ether way. Our Cyber-Laws are weak in America, leaving room for jurors and judges to make soft or misinterpreted rulings. If Ripple Labs is wrongfully charged in one State it could be subject to "Case Law", which is used by the judicial system. In laymen terms, if Ripple Labs gets their pants sued off, it will open a can of worms for other coins such as EOS, Ethereum and Zcash. Case Law is sometimes the court systems way of cherry picking wrongful rulings and doing them over again.

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Changed my stance on Ripple as most information I got about it early on was FUD. See my newer Ripple and Stellar articles.