Look I can't even believe I have to keep saying this but please pay close attention because #XRP is now the second biggest #crypto #currency in the world and it's making me nervous.
#RIPPLE IS NOT YOUR FRIEND.
Did you hear that?
#RIPPLE (XRP)
IS
NOT
YOUR
FRIEND.
The whole aim of the #technology behind the #blockchain is a #decentralised system of #trust .
This is in complete antithesis to what RIPPLE was built for.
According to Ripple: Ripple for #Financial Institutions Financial institutions, network operators and regulators play critical roles scaling and providing stability to payment systems. Ripple enhances the existing #payment stack, offering real-time settlement infrastructure at the foundation."
Given that financial institutions, network operators and especially "regulators" are part of this equation then in this instance of "Financial Institutions" when considering the totality of human involvement it perhaps could not be considered decentralized, which in the context described makes it centralized.
Ripple also states "Jurisdiction or network specific rules, governance, standards, and other critical functions are intended to be provided by existing systems and operators."
Ripple is a system for exchanging the Internet of #Value (many different assets digital and physical) in which they also offer their own XRP digital "currency".
Support Monero instead.
It is a fast and cheap Bitcoin esque solution and it is private as anything.
Take your power back people- dump XRP.
