1 Level
40 Review
24 Karma
Review on XRP by Aniruddh Ravel
XRP review
Not a cryptocurrency at all. Totally not censorship resistant, centrally controlled, 80% of the supply in hands of company, shady marketing tactics with hype tweets to lure noob investors in buying tokens they were floating in the market during bull market. It’s more like an anti-cryptocurrency, nothing more than a google spreadsheet. Their company may sell some utility of their technology to the banking industry and if investors are lucky the company will assign some utility to the XRP token, but honestly it’s nothing more than an illegal security that has no place in coinmarketcap. Buyer beware!
Pros
- Nice test-net of what Ripples block chain is capable of
- If you are looking long term investment 2-3 years then buy otherwise buy some other coin don’t waste your time. XRP either will be in three digits or won’t work much
- Quite fast transaction speed
Cons
- The tokens themselves will never be used in a production environment Banks will use their own private blockchains
- So a con is that the price is going down (even after good news). Also, other coins are much more volatile, which is good for fast gains (or fast losses).
