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RE: RIPPLE: With a current Market Capital of approx. $7.9 billion and Ranked No.3 in the Crypto Currency Market, RIPPLE has seen an explosive 3 months..!!
Because it's not decentralized I think many crypto enthusiasts are against it. Plus it has too many ties with banking with people in the crypto world which people also don't like.
To be honest bitcoin or Ethereum are not really decentralised either. Currently 51% of bitcoins are controlledby just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.
Yes the system might be decentralised but reality looks a bit different
Yeah my portfolio has a majority of ripple and I dont disagree. Just repeating what Ive heard many others say about ripple. Other downside about ripple is banks could adopt the technology but ignore the coin.