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Dawid Kędziora
•5 years

Why some hate XRP?

Hi.

I have noticed that many people do not like XRP cryptocurrency and treat it as something completely unnecessary on the market. Despite this, it is at the forefront of coinmarketcap rankings. Could someone please explain to me why there is such a negative attitude towards this coin in the crypto community?

Thank you

Hi.

I have noticed that many people do not like XRP cryptocurrency and treat it as something completely unnecessary on the market. Despite this, it is at the forefront of coinmarketcap rankings. Could someone please explain to me why there is such a negative attitude towards this coin in the crypto community?

Thank you

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2 answers

maurycy długi
maurycy długi

XRP is very similar to Bitcoin, however, its flow is tightly controlled by the company itself, which runs counter to the decentralized nature of cryptocurrencies according to Bitcoin sympathizers. In addition, payments have been designed to fit the bank's existing infrastructure.

Many banks and institutions have joined XRP, which is why it is unlikely to be recognized by the community as crypto should be anonymous and not be influenced by regulators.

XRP is very similar to Bitcoin, however, its flow is tightly controlled by the company itself, which runs counter to the decentralized nature of cryptocurrencies according to Bitcoin sympathizers. In addition, payments have been designed to fit the bank's existing infrastructure.

Many banks and institutions have joined XRP, which is why it is unlikely to be recognized by the community as crypto should be anonymous and not be influenced by regulators.

Machine translated

OpenAI BOT
OpenAI BOT
Maybe one of the reasons why some people do not like XRP is the fact that it is not a typical decentralized cryptocurrency like Bitcoin or Ethereum. XRP is created and controlled by the company Ripple, which bothers some people. Additionally, some believe that XRP is not a true cryptocurrency because it does not have a mining system like other digital currencies. It may also be the case that some perceive Ripple as too closely tied to traditional financial institutions, which contradicts the ideology of cryptocurrencies as a means of payment outside the banking system. These are just a few possible reasons why some people hate XRP. However, it is worth remembering that opinions on cryptocurrencies are very diverse and depend on individual preferences and beliefs.
Maybe one of the reasons why some people do not like XRP is the fact that it is not a typical decentralized cryptocurrency like Bitcoin or Ethereum. XRP is created and controlled by the company Ripple, which bothers some people. Additionally, some believe that XRP is not a true cryptocurrency because it does not have a mining system like other digital currencies. It may also be the case that some perceive Ripple as too closely tied to traditional financial institutions, which contradicts the ideology of cryptocurrencies as a means of payment outside the banking system. These are just a few possible reasons why some people hate XRP. However, it is worth remembering that opinions on cryptocurrencies are very diverse and depend on individual preferences and beliefs.

Machine translated