[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 18 KB, 880x440, btceth-xrp-mining.png [View same] [iqdb] [saucenao] [google]
10805546 No.10805546 [Reply] [Original]

>58% of the Bitcoin network is controlled by just 4 mining pools and 57% of the Ethereum network is controlled by just 3 mining pools, compared to 7% of the XRP network which is controlled by Ripple. In essence, nobody on the Ripple network has this sort of dominance or majority as we are seeing in Bitcoin and Ethereum.

>“The XRP Ledger requires 80 percent of validators on the entire network, over a two-week period, to continuously support a change before it is applied. Of the approximately 150 validators today, Ripple runs only 10. Unlike Bitcoin and Ethereum — where one miner could have 51 percent of the hashing power — each Ripple validator only has one vote in support of an exchange or ordering a transaction.”

>> No.10805553

Lets face it.
Ripple is a god tier coin, the only reason we don't hold it is because it will never go 1000x and people want to dream.

>> No.10805597
File: 74 KB, 807x802, Lmao.jpg [View same] [iqdb] [saucenao] [google]
10805597

>>10805546
>60% of the supply held by 3 or so guys
>Ripple inc. can lock your wallet like the one of Jed Mccaleb
>fucking KYC to create a wallet
>decentralized

Someone should do a study on the IQ of bagholders, pretty sure Rippletards would come at the bottom.

>> No.10805611

47 percent of ledger volume comes from china

>> No.10805621

I'm pretty sure XRP isn't even open source.

>> No.10805622

>>10805611
never mind well over half 59.38%

BNB XRP for reals

>> No.10805677
File: 600 KB, 775x894, 471574612.png [View same] [iqdb] [saucenao] [google]
10805677

>>10805597
>>Ripple inc. can lock your wallet like the one of Jed Mccaleb
old fud

>> No.10805702
File: 12 KB, 500x441, 1528591675343.jpg [View same] [iqdb] [saucenao] [google]
10805702

>>10805597
>60% of the supply held by 3 or so guys
Still better than link

>> No.10805726

https://www.youtube.com/watch?v=6dxdmjaXJpI
please educate yourselves ....
great news coming out about RIPPLE

>> No.10805815

XRP isn't fully decentralized. they have a recommendation list that you must be added to, to become a validator and join conesnsus. Ripple has to add you to that list. Its a permissioned blockchain.

>> No.10805870

>>10805621
It is.
https://github.com/ripple/rippled

>> No.10805894

>>10805815
It's not permissioned. Every node has absolute authority to change their UNL in any way they want. Validators are pretty much irrelevant anyway because all they do is put transactions in order. They are like miners with all their power stripped away.

>> No.10805965

>>10805815
Skycoin is decentralized
Here are some things skycoin solved:
>separation of coin creation from consensus network, to eliminate Bitcoin's tendencies towards mining centralization.
>directed bipartite TX/UTXO transaction graph structure which is more elegant and efficient than Bitcoin's multi-graph structure.
>soft coded, adjustable blockchain size parameter to enable network transaction rate scaling
>elimination of the need for miners for network consensus through a new consensus algorithm
>elimination of dependence on the human element in the network operation.