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Message Subject Ripple (XRP) is a Rip-Off! (Trinity is correct)
Poster Handle mikerock
Post Content
XRP is way faster and cheaper than Bitcoin

Bitcoin is owned by a small majority of miners mostly in China, who are making bank off of the ridiculous fees. It costs 50 dollars to move funds, whether its 3 dollars or 3000. It uses a huge amount of electricity and computer power to mine

XRP takes no electricity, can send billions across the world within 4 seconds, and costs less than a fraction of a penny to do so. A percentage of XRP is destroyed with each transaction, so while there are many tokens, the value can remain high.

Ripple can give banks discount on purchasing large amounts so that is the incentive to use it, rather than purchasing it at market prices (it's 3 dollars now but will become worth much more)
 Quoting: Hibodharma

So a centralized, premined token basically.

We already have Paypal. Thanks anyway.
 Quoting: Anonymous Coward 76085366

As if mining some coins actually means anything. You forget Bitcoin was centralized at one time until there were more validators. Now most of the Bitcoin mining is centralized in China. Ripple however is in the process of a decentralization campaign.

Paypal also is not a cryptocurrency investment, bad example.

If you've ever held a XRP wallet and sent it you would understand the function. Takes a few seconds and costs next to nothing. No other token or coin can come close.
Bitcoin and its massive fees takes hours. Ether and its reasonable fees can take days.
So unless you know what you're talking about. Shut the FUD up.
 Quoting: Anonymous Coward 75774936

Dogecoin, Dash, Litecoin, are pretty fast and cheap too.

Still not getting it, sorry.
 Quoting: Anonymous Coward 76085366

They do not come close to the transaction speed of Ripple. They have no real world use because of it.

Transactions Per Second

XRP - 1500 TPS
LTC - 56 TPS
BTC - 16 TPS
Dogecoin - 16 TPS
Dash - 10 TPS

Speed Per Transaction

XRP - 3.3 seconds
LTC - 12 minutes
BTC - 45 minutes
Dash - 15 minutes

XRP also has the lowest fees per transaction.
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