tl;dr -Few pools will always control more than 50% of bitcoin's hashpower (right now they are controlled by bitmain) -Ripple maintains a trusted list of validators -80% of validators must agree for a ledger to be considered valid -Using the list is optional. -Ripple keeps adding more validators based on an objective criteria to guarantee performance and reduce chance of collusion -By the end of 2018, no validators will be operated by Ripple
Back in june: XRP Ledger Decentralizes Further With Expansion to 55 Validator Nodes ripple.com/insights/xrp-ledger-decentralizes-expansion-55-validator-nodes/ "Today we are excited to announce that the XRP Ledger ecosystem has expanded to 55 validator nodes, an increase of 120 percent since May. These new validators include WorldLink, Telindus-Proximus Group, Bahnhof (Swedish ISP) and AT TOKYO Corporation, and join a growing network of leading companies and organizations currently validating transactions on the XRP Ledger, including Microsoft, Massachusetts Institute of Technology (MIT) and CGI."
who would you trust more? Bitmain and the chinese gov? or 10s of reputable entities in different countries?
Kayden Nelson
Ever since 2013, I've disliked ripple but now I'm slowly starting to like it desu
Henry Garcia
Don't forget the biggest belgian pedo organization on earth that controls all transactions on earth, SWIFT. and Veeky Forums says ripple is evil??
Gavin Hall
I used to hate it too, but after learning about the escrow decision and consensus model, I started to like it too.
PoW only made sense before ASIC. Satoshi didn't see ASIC coming. He wrote "1 vote per cpu" in the whitepaper.
Henry Sanchez
>tfw you invested in XRP months ago because of the technology and new its potential
Nolan Powell
you cnn link isnt helping
Jordan Reed
I invested after the escrow desu, then I learned about the technology and liked it.
ASIC made PoW shit. It's silly to think a company like amazon or uber would trust faceless chinese pools to secure their money.
Nolan Martinez
Been in since April. Anyone with 2 brain cells to rub together should have seen this coming. All you had to do was read.
Jackson Flores
>People investng in decentralization by using centralized exchanges arguing about whats more decentralization
Leo Walker
> All you had to do was read
I honestly didn't bother because I fell for anti-ripple propaganda. I'm sure Saotshi would have considered a different consensus model if thought of ASICs.
Justin Edwards
congrats bud, how low do you think it will dip?
Cameron Gutierrez
I got on XRP in November as my first crypto investment
Feelsgoodman.jpg
Michael Harris
bump
Luke Harris
based upon previous ups and downs, we could go as low as 90 cents... but $1 seems to be a pretty strong floor atm.
Jaxson Torres
I’m going to buy Ripple but don’t want to at ATH, should I give it a couple days? Will it dip below a dollar?
Jonathan Collins
Literally all crypto's promise is a product after 5 years, BZC is the only one of 20 coins that's actually finished.
Luke Richardson
if BTC rises then it should follow alt trends of declining?
Hudson Barnes
I bought 4.8k ripples and sold 800 yesterday for link. Gonna short my eth stocks today and buy them next week. Comfy as fuck rn
Jack Davis
you never know, buy some now to be safe. New partnerships will be announced in few days.
Bentley Bennett
It's only at ATH in terms of $'s. If your a BTC maximalist, then it's not even at half of it's ATH in satoshis.
Jason Edwards
>I fell for anti-ripple propaganda.
Rule #1 - Never listen to biz ;)
Anthony Walker
They already own most of the supply you jackass. Total psy op against people who see through their scheme
Leo Allen
you think blockchain is just about money then you could have made way more than just holding ripple retard.
Alexander Nguyen
Never buying this banker garbage.
Sebastian Wood
the fud just keeps coming, people are either stupid or ignorant or just soaking up everything they see on biz without ever checking for themselves
i swear xrp could reach $100 and retards will still spew absolute nonsense about it
Bentley Price
soon you will measure profits in XRP. Bitcoin is far from production ready. At least 1 hardfork is needed for new features, will probably be contentious. Mining not decentralized. No ETA for lightning (stark says "it will be ready when it's ready").
Businesses want a solution now, and this solution is Ripple
Owen Carter
>More decentralized The fact that there has to be a measure of decentralization makes it strikingly clear that this isn't decentralized.
I'm glad they have a large share, it incentives them to work their asses of for years to come. also this is the only possible way, there's no mining in Ripple.
Jackson Foster
I completely agree, was just making a point to the cultists ;)
Nathan Hughes
they are early bitcoin adopters who will do and say anything to destroy competition.
Connor Price
This "banker garbage" is going to win the crypto wars. But hey, virtue signalling is totally 2017...
Jackson Reed
>the spirit of crypto is virtue signalling id tell you to remember your roots but you fucking normies never had any
Ryan Morales
IDGAF what the "spirit of crypto" is or was. I don't care about you or your opinions. I'm here to make money to provide a better life for my family, that's it. The whole crypto world could crash and burn for all I care, so long as I'm out before it happens.
Jeremiah Rodriguez
>provide a better life for your kids by debasing a groundbreaking technology which can change the world for the better youre probably a retarded boomer kys
Hunter Diaz
I'm 33. Try again dumbass. What... you actually thought a bunch of basement dwelling NEETS were gonna propel the crypto market to over half a trillion dollars?
You needed money from people like me. Moron.
Angel Adams
I want to get as many as I can.. but if coinbase announces they are selling ripple in that time you all might go to the moon without me.
