___  ___    _ _    _  _ _____   _____
 / __|/ _ \  | | |  | || |_ _\ \ / / __|
| (_ | (_) | |_  _| | __ || | \ V /| _|
 \___|\___/    |_|  |_||_|___| \_/ |___|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Ripple (XRP) for Beginners - Two Minute Tokens

BY: @cryptoplayhouse | CREATED: July 11, 2018, 6:44 p.m. | VOTES: 400 | PAYOUT: $8.60 | [ VOTE ]

What's up fellow Steemians! Today we're swapping things up a bit from our prior "crypto's for beginners" format. We had a bunch of requests from subscribers to crank up the info provided and extend the videos out a touch...
So we did!
Along with extending our future "Two Minute Token" videos, we've also normalized some of the info covered to give you a more complete look at each coin every time.
Enough about that though!

Ripple (XRP)

So, for today's Two Minute Token Talk we'll be taking a look at the Ripple project and it's XRP token!
As many of you are already aware, Ripple isn't exactly at the top of my list for "good crypto projects". All the same I think it's still good to look at the issues with Ripple and see why it has so many crypto fanatics up in arms.

Let's hit the basics first!

Launch Date: 2012 (not available on market until 2014)

Launch Price: ~$0.005 USD

Current Spot Price: $0.45 USD (July 11, 2018)

Market Rank: 3rd

Market Cap: ~18 Billion (July 11, 2018)

The Ugly Truth

I'll do my best to refrain from ranting too much here, but I'll admit that's a difficult task when discussing a project such as Ripple. In short, this project is like the antithesis of everything cryptocurrency strives to accomplish. It's backed by banks, and mega-monopoly financial institutions. The project is, at its core; a centralized, and easily manipulated system. They also seem to have no qualms with rewriting their own rules, releasing more tokens into the market as they please; in essence they are partaking in the same unscrupulous actions that cryptocurrencies hope to shield consumers from.
And did I mention that the heralded "XRP" token holds little to no value for its holder's unless theyre transacting within Ripple's partner network? Yes, seriously. The "unbelievable speed" of the xRapid system will be essentially lost on consumers unless they are transacting via a ripple partner company.
I know I may take some heat for this one, but as someone who considers himself a cryptocurrency "truist", there are few things as hideous as seeing XRP perched in the top ten.

I hope you enjoyed this quick tidbit on Ripple!

And remember, if you have a coin you'd like to learn about, an aspect of a certain project you'd like discussed, or even an entire point of comparison you think we should add to our coin tutorials, let us know in the comments!

▶️ DTube ▶️ IPFS

TAGS: [ #xrp ] [ #ripple ] [ #cryptocurrency ] [ #banks ] [ #dtube ]

Replies

@abu-bokor | July 11, 2018, 6:58 p.m. | Votes: 1 | [ VOTE ]

Really very well cryptocurrency post
Thank you so much My Dear friend

@cryptoplayhouse | July 11, 2018, 11:31 p.m. | Votes: 0 | [ VOTE ]

Always glad to help!

@steemitboard | July 11, 2018, 9:26 p.m. | Votes: 0 | [ VOTE ]

Congratulations @cryptoplayhouse! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

[IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png] Award for the number of upvotes received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1

Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes

> Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

@slickshot | July 14, 2018, 3:01 a.m. | Votes: 2 | [ VOTE ]

Hi @cryptoplayhouse

The reason i'm here is because someone found your blog very high quality and I was lucky to review your blog for your whitelist application and I agree so I've approved the application, with this you can now use big Minnowbooster upvotes for a an almost guaranteed profit in boosting your post and more exposure so more people see your awesome work.

The MinnowBooster WhiteList is a service for quality authors and provides a guaranteed profitable upvote for all authors accepted on the list its like postpromoter but more profitable.

Assuming price of steem doesnt go up or down a regular MB user gets a guaranteed profit of 10% in the rewards you get, a Whitelisted Author (which you are now!) actually gets an almost sure profit of 20%

Please note that if steem goes down you get less rewards and if steem goes up you earn more.

Try sending any amount of SBD to minnowbooster in your WALLET and add the link of your post that you want to get voted by minnowbooster in the MEMO

Have a go and see for yourself.

TIP: If you boost your post with MB with around 30 SBD or more you often get to hot almost immediately.

TIP 2 : you can send miniscule amonts multiple times like 0.10 SBD and someone selling votes with MB will vote for your posts.

TIP 3 : If you still dont understand but want to know more. This is the Discord Link for Minnowbooster you can ask all the question you want there and there is always a customer service rep that can answer your question. https://discord.gg/mVcDtdA

Disclaimer : I'm not paid by MB to post this but I do use it myself and sell my votes in MB too. Have a look at my blog and see for yourself.

To learn more. Read here.

https://steemit.com/minnowbooster/@minnowbooster/minnowbooster-epic-update-community-whitelist-now-online

https://steemit.com/minnowbooster/@minnowbooster/minnowbooster-insights-on-the-mb-vote-value-calculation

@cryptoplayhouse | July 17, 2018, 2:44 p.m. | Votes: 0 | [ VOTE ]

Very cool, thanks for the heads up!!!

[ BACK TO TRENDING ] [ BACK TO MENU ]
CMD>