"Accounts can be frozen" => only gateways can freeze accounts and users are free to participate with non freezing gateways
"It's not mineabale" => They never said it is, and same like many other crypto like Ether, but why they don't get the hit for this?
...you can mine Ether lol
It's not just the inability to mine that keeps the XRP token from being a cryptocurrency, but also that more than half is held by a central authority. It's a
"you can mine ether" sorry my bad, but still it started with premine
So definition of cryptocurrency is that no one should have a lot of it?
The question is where you decide to put the line. By my standards, Ripple would not qualify as a Cryptocurrency.
blatant ponzi, rivaled only by Facebook's Libra in the transparent grift. Also confusing that cryptocurrency advocates tolerate it at all, as a redundant bank project/attack
No big banks will ever actually adopt Ripple, they already control international transfers and set the rates/fees themselves. They'll only pump it when it looks like crypto can succeed
I just don't get the hate, it's a different product for different target market. Not all blockchains are made for crypto anarchists
Am I a Ripple fan? Not at all, never had any intentions to use it. I just don't agree with spreading misinformations.
“It’s not trustless” =>...
Convince me? Byzantine Fault Tolerance is implemented for that reason
...but still, each node is expected to make a judgement of other nodes, right?
1,they == trustworthy,
2,they != sybils.
Contrast this with PoW or PoS where no trust is required...
Are you telling me you don't have to trust the honesty of majority in POW and POS?
PoW/S is proof of investment in system. I don't need to know who they are. Conversely, I could spin up a ripple server but I doubt anyone would connect to it till they knew who I was.
my point is PoW/S is trust in objective impersonal metrics. Ripple requires you make a 'descision' of which other nodes you trust, prob based on WHO you think they are.(right?)
I think you didn't get it right, Ripple gateways are not equivalent of Bitcoin mining nodes. They are equivalent of bitcoin addresses. Obviously you have to make a decision to
Transfer funds to a business entity. Running a gateway is not necessary for all users but it's required for bigger businesses running on Ripple, like Bitstamp.
Anyway comparing it to PoW is not that much useful. Obviously PoW is more secure but it's also more expensive and is created to address a different usecase
Probably because they dont had the logo of Unicredit on the front page.
