Anyone able to link to a good article that summarizes

Question

Anyone able to link to a good article that summarizes

how XRP works? Sorry, I realize this is off-topic, but the Wiki article is utter shit in conveying any kind of understanding of how it works and I've got people in my local circles advocating for it as a "freedom currency" and would like to shut that down. Fairly confident that I recall it was a federated ledger consisting of giant orgs at one point, but I cannot find a source for that anymore.

#bch #bitcoincash #cryptocurrency #english

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15.06.2023

11 ответов

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molecular#123 🐓

Not sure how much xrp changed over the years, but the basic idea is that it's a "debt tracker". Anyone can issue debt in any currency and there's a web of trust relationships. Hell, I still owe someone BTC (unable to track him) from early testing. He extended BTC trust towards me and I issued BTC IOUs to him in exchange for real BTC. It's banking 2.0. If that's those peoples idea of freedom,... so be it.

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15.06.2023

molecular#123 🐓

I also noticed (when I needed to access my xrp to sell them), that all the wallets (even some that are software on my computer, including the "official" ones) started requiring kyc and wouldn't let me access my XRP without. I had to dig really hard and find some obscure command line wallet to get my xrp to an exchange. If that's those peoples idea of permissionless,... then so be it.

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15.06.2023

Tom

Ripple has for years been built as the ground works for CBDCs. Trying hard to be the international money that states would not object to, in contrary to real crypto. Naturally the central banks of the world don't like to concede control so they'd rather build their own. It being seen as freedom money can only mean they fell for the advertising. It's worse than fiat, better than CBDCs.

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15.06.2023

molecular#123 🐓

At some point I started to view ripple as a type of controlled opposition ("controlled competition", maybe?). But hey, I view Ethereum as that, too, so take with grain of salt. Just got a very thick tinfoil hat, I guess.

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15.06.2023

Shadow Of Harbringer 👁️🧀

molecular#123 🐓
At some point I started to view ripple as a type o...

Tinfoil hat is not a rquirement to notice that most big things in this world are designed/pushed for somebody's interests It's just that the interests of the elites are drastically different from the interests of common people. They want control, they want absolute power and they are convinced they should rule us [often at any cost] because they know better what is good for us and good for the planet. Unfortunately the elites are closed off in their walled gardens of extravagant riches and it clouds their judgement. They lose contact with reality. Which is why they create their Global Enslavement Plans™, which are then called "conspiracy theories" in order to confuse the public

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15.06.2023

Sahid Miller

molecular#123 🐓
Not sure how much xrp changed over the years, but ...

Wow, I honestly had no clue. That’s pretty interesting. Loans is a key ingredient for a real economy but it’s the trickiest part to truly decentralize imo… but I think we need to to be successful

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15.06.2023

Sahid Miller

Sahid Miller
Wow, I honestly had no clue. That’s pretty interes...

Doing loans wrong will take us right back to square one or worse, the same old system except with a global digital identity too.

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15.06.2023

Tom

Sahid Miller
Doing loans wrong will take us right back to squar...

those loans by definition require trust. Not fully collateralized loans are the ones that make sense for your "real economy" point. And that means someone is taking a future-based risk.

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15.06.2023

Sahid Miller

Tom
those loans by definition require trust. Not fully...

Why would fully collateralized loans not make sense?

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15.06.2023

Jim Hamill Автор вопроса

molecular#123 🐓
I also noticed (when I needed to access my xrp to ...

>started requiring kyc I remember this also. Put me right off. Thanks for the feedback everybody! Plan on paying each and every XRP-lover around here a surprise visit with my baseball bat this weekend. ❤️

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15.06.2023

Shadow Of Harbringer 👁️🧀 · Accepted Answer

Shadow Of Harbringer 👁️🧀

Ripple is a centralized SQL database that is not even a real blockchain... Anybody would be better off just setting up a single banking server with WWW/SQL and other protocols instead of using XRP. It's a joke. There are hundreds of ultra-dumb systems in this world that would be better off [for humanity] not existing. But people keep using them, because they don't discover, verify, ask questions and doubt. People follow.

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15.06.2023

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Anyone able to link to a good article that summarizes

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