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Reddit Posts

Honestly, the exchanges (the centralized ones) need to step up and save lunatics from damaging themselves even further and close any trading on UST or Luna

Are all cryptocurrencies heavy energy consumers?

Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Can Someone Please Explain "XRP Riddlers" To Me???

Would You Buy XRP @0.05$

Would You Buy $XRP @0.05$

r/CryptoCurrencySee Post

Combined Platform Market Capitalisations | CoinMarketCap

r/CryptoMarketsSee Post

XRP Lawsuit Update: The Latest SEC v Ripple Court Documents. What's Inside These Documents Are Key, Especially If You're An XRP HODLer, such as myself!

XRP Lawsuit Update: The Latest SEC v Ripple Court Documents. What's Inside These Documents Are Key, Especially If You're An XRP HODLer, such as myself!

SafuuRocket l Audited+Doxxed l Auto-Staking APY l Rebase Rewards l Strong Community

r/CryptoCurrencySee Post

Ripple Signs New Partnership With International Money Transfer Firm To Use XRP for Cross Border Payments - The Daily Hodl

Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Is Cryptocurrency as the future of currency future-proof?

Hierarchical deterministic addresses or "where did my LTC & ADA go?"

Which cryptos are you buying this bear market?

Don't be sad, here, have some HOPIUM

Price analysis 5/16: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Youtuber Alessio Rastani calling Luna holders ignorant for not profit-taking/exiting, only from TA perspectives and zero knowledge of the actual cause.

r/CryptoMarketsSee Post

Joe Endoso Interview - Linqto Private Equity Investing in Crypto Companies - XRP Ledger Payments

r/CryptoCurrencySee Post

Update - My Journey into crypto

r/CryptoCurrencySee Post

Rate my Crypto Portfolio

r/CryptoMarketsSee Post

Ripple XRP Conquers the Middle East… And the World

XRP Lawsuit: SEC v Ripple News Update

NFT: All about the new form of cryptocurrency

Reminder of the 51% attack

XRP Rallies as Ripple Submits Response to the SEC’s Hinman Claims

Top 100 shopping list

#RoastMe. Look at my portfolio and tell me where I have messed up and where I can improve.

CoinMarketCap describes Ripple’s XRP as an “impostor” cryptocurrency

r/CryptoCurrencySee Post

Every ISO 20022 post on this sub gets ignored.

Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

It’s not about the end of red, it’s about the ticking clock

r/CryptoCurrencySee Post

Warning: don't buy the 99.99% dip

r/CryptoCurrencySee Post

Warning: don't buy the LUNA dip

What is the point of a CBDC (Central Bank Digital Currancy)?

After 13 years of Crypto, most of the market is still full of shit

A Beginner’s Guide to Crypto

Out of the current top 10 coins which one will still be in the top 10 in 2025 and why?

What's your plan/strategy during this winter/bear??

Is anyone else making the most of this crash?

$1 Trillion Crypto Meltdown—Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra’s Luna And Avalanche

r/CryptoCurrencySee Post

HODLing, Diamond Handers — Listen up, this is NOT a market to take on hefty sizes of risk.

Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

r/CryptoCurrencySee Post

Dont Hodl Something Did 370x!!!

r/CryptoCurrencySee Post

First Time? I've been here before

r/CryptoCurrencySee Post

A share of PMA for those of you who might need it

r/CryptoMarketsSee Post

Crypto & Congress, And XRP Lawsuit News Due Friday, May 13. Following that, keep an eye on May 18

r/CryptoCurrencySee Post

Crypto Degen selling his 1000hp Porsche 6 speed manual to buy more ETH and BTC

r/CryptoCurrencySee Post

Ripple (XRP) Records Its Sixth Consecutive Weekly Red Candle Similar to 2017 Before Hitting an ATH of $3.4

r/CryptoCurrencySee Post

Half of the top 10 are stable coins and exchanges

r/CryptoCurrencySee Post

Thought this was an amazing take on the XRP lawsuit.. Not a holder.. but the SEC is crooked AF. So enjoy this article folks. ✨

r/CryptoMarketsSee Post

Crypto & Congress, And XRP Lawsuit News Update

r/CryptoCurrencySee Post

With mid-term elections coming up and an influx of cryptocurrency-related money flowing into both parties, there's a lot to take in. Here's a look at Congress & Crypto and the latest on the XRP lawsuit news.

r/CryptoMarketsSee Post

Is It Time To Buy, Hodl, or Sell XRP? A Panel of 36 Fintech Experts Analyzes and Predicts XRP’s Future

r/CryptoCurrencySee Post

Japanese e-commerce site adopts BTC and XRP payments for used cars

r/CryptoCurrencySee Post

Crypto Conspiracy or Fact ???

r/CryptoCurrencySee Post

Over $847.80M got liquidated in past 24 hours. 208,939 traders were liquidated.

Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT

SBI Motor Japan Will Now Take Payments In XRP and BTC

r/CryptoCurrencySee Post

SBI Motor Japan Will Now Take Payments In XRP and BTC

r/CryptoMarketsSee Post

Japanese e-commerce site adopts BTC and XRP payments for used cars

Japanese e-commerce site adopts BTC and XRP payments for used cars

r/CryptoCurrencySee Post

No one’s talking about the SWIFT banking rework this a November

r/CryptoCurrenciesSee Post

Ripple Bags Japan's First E-Commerce Adoption, as XRP Will be Utilized to Purchase Used Cars on SBI Motors

r/CryptoCurrencySee Post

Case study: XRP, SOL and ADA

r/CryptoCurrencySee Post

Could XRP replace the dollar?

r/CryptoCurrencySee Post

‘Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche

r/CryptoCurrencySee Post

How much have the top 100 dropped since the last highest high

r/CryptoCurrencySee Post

‘Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche

r/CryptoCurrencySee Post

What is your “Margin Call” number? With Michael Saylor stating that he will be personally fucked if BTC goes to 21k, it made me think…

r/CryptoCurrencySee Post

The Bitcoin Bloodbath Will Get Worse. This Is Fine.

r/CryptoCurrencySee Post

Here’s Why the U.S. SEC Is Going After Ripple and XRP

Survey: Industry Experts Say Ripple (XRP) Will Hit $2.55 Before 2023 - The Crypto Basic

r/CryptoCurrencySee Post

Update - My journey into crypto

r/CryptoCurrencySee Post

In the cryptocurrency news today California governor issues executive order on crypto as state embraces blockchain technology, Elon Musk tweets about bored ape NFTs, SEC boosts enforcement unit, Ripple release Q1 XRP report, Fed increases interest rates by .50%. Ron Hammond interview –

r/CryptoCurrencySee Post

Don't underestimate CDC and CRO's ability to make a come back in this irrational market with a very short memory. However shitty and shady it was, it wouldn't be the first time a shit-show is quickly forgotten and starts making money again.

r/CryptoCurrencySee Post

Thoughts CoinGecko’s Top 5 Most Voted Cryptocurrencies: Are there any honourable mentions?

r/CryptoMoonShotsSee Post

SafuuRocket l Audited+Doxxed l Auto-Staking APY l Rebase Rewards l Strong Community

r/CryptoCurrencySee Post

$250M got liquidated in last 4 hour

r/CryptoMarketsSee Post

BIG CRYPTO NEWS! California Executive Order, Elon Musk NFTs, Fed .50% Rate Hike, SEC Enforcement, Ripple XRP

r/CryptoCurrencySee Post

Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

r/CryptoCurrencySee Post

Here's The Latest News In The XRP Lawsuit. Interesting What Attorney Solomon Replied With, Waiting To See What The SEC Replies With

r/CryptoCurrencySee Post

First Crypto Listing on Kiawah Island, South Carolina

r/CryptoCurrencySee Post

Argentina’s Largest Private Bank Launches Bitcoin, Ether, and XRP Trading For Millions Of Customers

r/CryptoCurrencySee Post

XRP Investors Still Optimistic Despite Ripple v. SEC Lawsuit Expected to End Next Year

r/CryptoMarketsSee Post

Klever Wallet Problems

r/CryptoCurrencySee Post

Klever wallet and Tron address issues

Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

r/CryptoCurrencySee Post

Venture Capital portfolio weight allocation

r/CryptoCurrencySee Post

Brad Garlinghouse privately sold millions of XRP while he was publically shilling XRP to gullible bagholder as an excellent "product" that will be bought by banks. This page from the SEC vs Ripple et al case shows how he conspired to promote XRP to bagholders as he was selling his own XRP.

r/CryptoMoonShotsSee Post

XR Reflect | New Token | Rewards | Strong Holders | PreSale on PinkSale

r/CryptoCurrencySee Post

Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra’s Luna And Avalanche Crater

r/CryptoCurrencySee Post

Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra’s Luna And Avalanche Crater

r/CryptoMoonShotsSee Post

XR Reflect | Decentralızed Token Focused On Revolutıonızıng Web 3.0

CoinMarketCap describes Ripple’s XRP as an “impostor” cryptocurrency

r/CryptoCurrencySee Post

XRP Lawsuit: Judge in Ripple case modifies calendar, raising prospects of suit concluding before year-end.

r/CryptoCurrencySee Post

Can someone please help me understand some unknown transactions on my wallet?

r/CryptoCurrencySee Post

Can someone please help me understand these transaction on my wallet.

Mentions

XRP has nothing to do with Moons. Apart from the fact they are both shitcoins

Mentions:#XRP

Let me guess, lighting network also makes XRP obsolete

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uv05zs/usdtea_depegged/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

lol, Series C funding for several hundred million but you think they have to sell XRP to keep the lights on or do good in the world.

Mentions:#XRP

Ripple didnt create XRP, it existed before the company incorporated. stop lying.

Mentions:#XRP

Exactly that. I don't hold much XRP, mostly a bet to see if they crush the SEC....nice gains. But much rather they are doing cross border than another government run entity here to fuck us in the skull.

Mentions:#XRP

You’re probably wrong, but I hope you’re right. Talking to XRP holders is a cunt hair above talking to HEX cultists

Mentions:#XRP#HEX

Exactly, even if someone is anti XRP centralizing central bank digital currencies even further than they would be sounds like a frosty hell

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Coinbase, r/Binance, r/Tether. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uuuzhm/why_does_coinbase_keep_changing_my_limits/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

Ripple/XRP gunna be massive

Mentions:#XRP

* Relevant Cointest topics: [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc), [Tether](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_tether). * Relevant subreddits: r/XRP, r/Stellar, r/FederalReserve. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uutx0h/ripple_sets_up_a_100m_fund_to_boost_carbon_removal/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

XRP {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post.

Mentions:#XRP

SEC be like: There must be something XRP did bad

Mentions:#XRP

Bitcoin isn't the end all be all. There are cryptos out there that can do many more transactions for less than a penny at a small amount of energy. XRP baby!

Mentions:#XRP

#Bitcoin Con-Arguments Below is an argument written by roberthonker which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/maleficent_plankton's submission from the last round** > > In general, the typical crypto enthusiast has accepted that Bitcoin's conservative blockchain has failed to keep up with other DLTs technology-wise, which have evolved features and efficiencies way beyond Bitcoin. If all the cryptocurrencies were re-released today simultaneously, there is no way Bitcoin would make it into the top 10 by market cap, and likely not even the top 100. It's still #1 only because it continues to maintain strong security because it was the first, and thus has the largest adoption and protection against Sybil attacks. > > ------------- > > These are its flaws: > > **Redundancy inefficiencies**: To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater redundancy. The more miners (specifically mining pools) there are, the harder it is to execute a 51% attack. This also means that there could be a million miners performing redundant actions vying for the next Bitcoin block. Nodes also hold redundant copies of the blockchain ledger, and inefficiency present for nearly all cryptocurrencies. > > **Mining energy Inefficiency**: PoW mining is inherently extremely energy inefficient because it's a competition. The more miners there are, the harder the mining puzzle becomes, adjusted every 2 weeks. The amount of energy needed for a single Bitcoin transaction in [Sept 2021, ~1800 kWh](https://digiconomist.net/bitcoin-energy-consumption), is roughly the same as the amount of energy used by a typical US household over 62 days. Blockchains require extra redundancy for computations and storage from each node that interacts with or validates the transaction. In comparison, other Byzantine Fault Tolerant distributed consensus methods such as BFT-Paxos and RBFT, SBFT used by Hyperledger Fabric are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x) and 10^4 x for storage. > > **Mining Centralization**: Mining is not something the average crypto user can do by themselves unless they join a mining pool. You also need an expensive and specialized high-end ASIC miner for SHA-256 mining in order to have a good chance of making a profit. Individual miners have no financial incentive to run full nodes or verify their mining pool operator's decisions, leading to centralization with mining pools. > > **Fees and Rising cost of transactions**: Layer 1 transfer fees are currently $2-10+ USD and even briefly rose [past $50 in May 2021](https://ycharts.com/indicators/bitcoin_average_transaction_fee). That's way more than [its competitors](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) (e.g. XLM, XRP, Nano, BCH) that have average transfer fees under 0.5 US cents. The fees are so high you can't use them for everyday transactions. People complain about bank fees, but if I had to use Bitcoin for everday transactions for my bank and credit cards, I'd be racking $10000+ in fees yearly. As halvings continue and the BTC price can no longer keep up, the block reward will keep decreasing. Either transaction costs will eventually rise to cover the cost of block rewards, or Bitcoin will experience an ice age where all miners drop out except for the few miners who can acquire cheap ASIC rigs and the cheapest energy costs, leading to more centralization. > > **Layer 2 adoption issue**: In general, Layer 2 solutions have much less decentralization (e.g. fewer validation nodes) than Layer 1 and face low adoption issues. The Lightning Network, a Layer 2 network of state channels that use Hash TimeLock Contracts for Bitcoin, has seen very little adoption by volume even years after introduction. It's a hassle to use for many reasons. It requires you to lock funds in a state channel, which also costs a transaction fee to open and close. It requires nodes to be online most of the time for connectivity. If the node you're connecting to goes offline, you lose your connection, and you could have your channel auto-closed. Channels can also be unilaterally force-closed, which is a common complaint among users. Basically, it's still too much of a hassle for the average crypto user. > > **Slow Finality**: Transactions take 10 minutes to record, but exchanges generally wait up to [60 minutes](https://academy.binance.com/en/glossary/finality) for probabilistic-finality. Given that the largest mining pools have 30% hash power, that's still only a 74% chance of actual finality after 6 block recordings due to possibility of a withholding attack. (The probability of a successful 51% attack given in Satoshi's original Bitcoin whitepaper was greatly underestimated because it did not take into account PoW block withholding attacks.) > > **Lack of privacy**: All transaction history is public. Public blockchains are only pseudononymous, and one can use a Transaction Graph Analysis or Taint Analysis tool to figure out who you are by linking transactions. People can also guess your wealth by tracing your transactions through the blockchain. It only takes 1 mistake to link the rest of your transactions. Individual tokens are also not fungible for this same reason. > > **Slow updates**: Bitcoin evolves slowly due to requiring social consensus and Blockchain bureaucracy. Hard forks are voluntary and can take weeks to complete. The Bitcoin Core foundation is extremely conservative and averse to hard forks, as seen with the fork that created Bitcoin Cash. That's not necessarily bad, but it does mean that most developments to Bitcoin end up turning into separate coins instead of evolving the canonical chain. There are often months-long debates and years between before making updates. As a result, it is a conservative blockchain while other DLTs have evolved technologies and features way beyond it. > > **Limitations to transaction speed**: Due to aversion to change, Bitcoin is likely at its limit for transaction speed. It is a poor Medium of Exchange due to slow transaction speeds. > > - Increase block size: requires a hard fork, results in longer network propagation time) > - Decrease block time by lowering puzzle difficulty: increases chance of natural forks, increases acceleration of block size, leading to more storage bloat, all exchanges need to adjust the number of blocks until probabilistic finality, and increases the chance of miners holding orphaned blocks. > - Decrease the transaction size: requires a hard fork (e.g. SegWit 2017 fork, which after all that work, only reduced the size by 50%) > > **Smart Contracts**: Bitcoin doesn't support complex "smart" contracts with its very basic (procedural, stack-oriented, Forth-like) Bitcoin Script. The contracts enabled by Bitcoin Scripts are so basic that they're often non-script features built directly into other blockchains like timelock releases and multi-signature. It's extremely limited because you can't easily validate them, and miners typically put huge restrictions on what is allowed for security purposes. It's possible taproot could change that if it gets a ton of developer support, but Bitcoin Script is way behind all of its competitors in adoption, and it won't evolve fast enough due to Bitcoin's conservative governance. It would be pretty tedious to program anything complex using Bitcoin Script, but I suppose there's always someone who enjoys a challenge. > > **Unstable Store of Value**: Like most non-stablecoins, it has too much volatility to be considered a stable store of value, losing up to 80% of its purchasing-power after crashes. Like gold/silver, it is more of a speculative investment. > > (Disclaimer: I only own trace amounts of BTC.) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz3duc/rcc_cointest_top_10_bitcoin_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Coinbase, r/Binance, r/Tether. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uuqmxr/coinbase_cofounder_fred_ehrsam_buys_the_dip/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

Naw its just the one im most worried about, got in early then bought more near the peak thinking it could get to a dollar so in the minus now :( Mostly ETH , BTC , BTCH, LTC few others I bought a shit load of XRP but sold when all the sec stuff happened which i regret now I have a very shallow know she of what to invest in tbh pure guess work Any recommendations?

In the app why is BNB coin No.1 on the ‘hot’ list permanently and why are other coins like XRP removed from appearing on it altogether?

Mentions:#BNB#XRP

What makes you think it's centralized? Check out the XRPL UNL, and note the number of validators ripple runs. If you're not familiar with the consensus model that the XRPL runs on, you need 80% approval for changes, or 20% to block. Ripple doesn't have either. If it's supply centralization, that is a valid concern, and Ripple set up their escrow so dumping their massive supply is impossible. Note that when Ripple does sell XRP, it's not to retail, it's to institutional partners, or to incubate projects. Unsold XRP gets added back to the escrow if it's not sold that month.

Mentions:#UNL#XRP

Most people are aware of everything that was said, the difference is the people who are anti crypto think this is how it is forever. Most people in crypto can accept its still 5-10-15 years away and need a major overhaul to how it looks and acts. We are well early, I have a LOT invested in crypto and as a developer I am fully aware that it can not be mainstream until it is as simple as having an app on your phone, minimal addresses for coins and things in the background that converts coins for you etc. If someone wants to send you ETH to pay for something but you want it in XRP, there needs to be something that in the background converts, bridges the coin to your choice and just shows up in your wallet. We are already seeing visa and cards that can use any crypto to pay it stores and it converts and sells crypto from your wallet in the background. One day this will happen, it will be simple, but for now it is miles away and most people in crypto accept that. Hence why I am so invested now, because its still a long way away !

Mentions:#ETH#XRP

DOT is my #1 pick. Given the institution backing, I also believe SOL will do well (despite some issues) - it follows the ETH pace so well but is one cycle behind. I like XRP because of SEC case moon.

Honest question: I’ve been out of the loop for the past 4 or 5 months due to work and life. What are your top 5 cryptos (conviction for future growth/survival) right now? I’m holding VET, ADA, XRP, MATIC, CRO, and a small amount of BTC and ETH. Thank you.

#Bitcoin Con-Arguments Below is an argument written by roberthonker which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/maleficent_plankton's submission from the last round** > > In general, the typical crypto enthusiast has accepted that Bitcoin's conservative blockchain has failed to keep up with other DLTs technology-wise, which have evolved features and efficiencies way beyond Bitcoin. If all the cryptocurrencies were re-released today simultaneously, there is no way Bitcoin would make it into the top 10 by market cap, and likely not even the top 100. It's still #1 only because it continues to maintain strong security because it was the first, and thus has the largest adoption and protection against Sybil attacks. > > ------------- > > These are its flaws: > > **Redundancy inefficiencies**: To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater redundancy. The more miners (specifically mining pools) there are, the harder it is to execute a 51% attack. This also means that there could be a million miners performing redundant actions vying for the next Bitcoin block. Nodes also hold redundant copies of the blockchain ledger, and inefficiency present for nearly all cryptocurrencies. > > **Mining energy Inefficiency**: PoW mining is inherently extremely energy inefficient because it's a competition. The more miners there are, the harder the mining puzzle becomes, adjusted every 2 weeks. The amount of energy needed for a single Bitcoin transaction in [Sept 2021, ~1800 kWh](https://digiconomist.net/bitcoin-energy-consumption), is roughly the same as the amount of energy used by a typical US household over 62 days. Blockchains require extra redundancy for computations and storage from each node that interacts with or validates the transaction. In comparison, other Byzantine Fault Tolerant distributed consensus methods such as BFT-Paxos and RBFT, SBFT used by Hyperledger Fabric are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x) and 10^4 x for storage. > > **Mining Centralization**: Mining is not something the average crypto user can do by themselves unless they join a mining pool. You also need an expensive and specialized high-end ASIC miner for SHA-256 mining in order to have a good chance of making a profit. Individual miners have no financial incentive to run full nodes or verify their mining pool operator's decisions, leading to centralization with mining pools. > > **Fees and Rising cost of transactions**: Layer 1 transfer fees are currently $2-10+ USD and even briefly rose [past $50 in May 2021](https://ycharts.com/indicators/bitcoin_average_transaction_fee). That's way more than [its competitors](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) (e.g. XLM, XRP, Nano, BCH) that have average transfer fees under 0.5 US cents. The fees are so high you can't use them for everyday transactions. People complain about bank fees, but if I had to use Bitcoin for everday transactions for my bank and credit cards, I'd be racking $10000+ in fees yearly. As halvings continue and the BTC price can no longer keep up, the block reward will keep decreasing. Either transaction costs will eventually rise to cover the cost of block rewards, or Bitcoin will experience an ice age where all miners drop out except for the few miners who can acquire cheap ASIC rigs and the cheapest energy costs, leading to more centralization. > > **Layer 2 adoption issue**: In general, Layer 2 solutions have much less decentralization (e.g. fewer validation nodes) than Layer 1 and face low adoption issues. The Lightning Network, a Layer 2 network of state channels that use Hash TimeLock Contracts for Bitcoin, has seen very little adoption by volume even years after introduction. It's a hassle to use for many reasons. It requires you to lock funds in a state channel, which also costs a transaction fee to open and close. It requires nodes to be online most of the time for connectivity. If the node you're connecting to goes offline, you lose your connection, and you could have your channel auto-closed. Channels can also be unilaterally force-closed, which is a common complaint among users. Basically, it's still too much of a hassle for the average crypto user. > > **Slow Finality**: Transactions take 10 minutes to record, but exchanges generally wait up to [60 minutes](https://academy.binance.com/en/glossary/finality) for probabilistic-finality. Given that the largest mining pools have 30% hash power, that's still only a 74% chance of actual finality after 6 block recordings due to possibility of a withholding attack. (The probability of a successful 51% attack given in Satoshi's original Bitcoin whitepaper was greatly underestimated because it did not take into account PoW block withholding attacks.) > > **Lack of privacy**: All transaction history is public. Public blockchains are only pseudononymous, and one can use a Transaction Graph Analysis or Taint Analysis tool to figure out who you are by linking transactions. People can also guess your wealth by tracing your transactions through the blockchain. It only takes 1 mistake to link the rest of your transactions. Individual tokens are also not fungible for this same reason. > > **Slow updates**: Bitcoin evolves slowly due to requiring social consensus and Blockchain bureaucracy. Hard forks are voluntary and can take weeks to complete. The Bitcoin Core foundation is extremely conservative and averse to hard forks, as seen with the fork that created Bitcoin Cash. That's not necessarily bad, but it does mean that most developments to Bitcoin end up turning into separate coins instead of evolving the canonical chain. There are often months-long debates and years between before making updates. As a result, it is a conservative blockchain while other DLTs have evolved technologies and features way beyond it. > > **Limitations to transaction speed**: Due to aversion to change, Bitcoin is likely at its limit for transaction speed. It is a poor Medium of Exchange due to slow transaction speeds. > > - Increase block size: requires a hard fork, results in longer network propagation time) > - Decrease block time by lowering puzzle difficulty: increases chance of natural forks, increases acceleration of block size, leading to more storage bloat, all exchanges need to adjust the number of blocks until probabilistic finality, and increases the chance of miners holding orphaned blocks. > - Decrease the transaction size: requires a hard fork (e.g. SegWit 2017 fork, which after all that work, only reduced the size by 50%) > > **Smart Contracts**: Bitcoin doesn't support complex "smart" contracts with its very basic (procedural, stack-oriented, Forth-like) Bitcoin Script. The contracts enabled by Bitcoin Scripts are so basic that they're often non-script features built directly into other blockchains like timelock releases and multi-signature. It's extremely limited because you can't easily validate them, and miners typically put huge restrictions on what is allowed for security purposes. It's possible taproot could change that if it gets a ton of developer support, but Bitcoin Script is way behind all of its competitors in adoption, and it won't evolve fast enough due to Bitcoin's conservative governance. It would be pretty tedious to program anything complex using Bitcoin Script, but I suppose there's always someone who enjoys a challenge. > > **Unstable Store of Value**: Like most non-stablecoins, it has too much volatility to be considered a stable store of value, losing up to 80% of its purchasing-power after crashes. Like gold/silver, it is more of a speculative investment. > > (Disclaimer: I only own trace amounts of BTC.) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz3duc/rcc_cointest_top_10_bitcoin_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

I'm pretty active on the XRP and Ripple subs, and we do sometimes get an influx of conspiracy theorists going on about the 'great reset' and how XRP will become the 'world currency', but I would definitely say it's a minority. And members of the community are quick to shut them down. I'm not sure where exactly they get these ideas from, but I wonder if it is linked to Ripple's involvement in banking, which of course has been the subject of conspiracy theories for hundreds of years. So when certain people see Ripple staff going to Davos, the World Economic Forum, claims that George Soros has invested, etc. it slots into their idea of them being part of some shadowy financial group. People are also drawn to conspiracy theories when big, bad things happen outside of their control - like a global pandemic, war in Europe, massive inflation, or the SEC suddenly preventing you trading your favourite crypto in the USA. There's also the strange situation that the SEC vs Ripple case has brought up some signs of impropriety at the SEC, with senior members of staff giving ETH a 'free pass' whilst receiving millions of dollars, and then going on to work for, firms heavily invested in ETH. Including the head of the SEC who filed the lawsuit against Ripple on his very last day - at the time XRP was number 3 and arguably ETH's main competitor. Seeing something that smells like it could be an actual conspiracy may fuel more outrageous theories. But crypto in general seems to attract a lot of conspiracy theorists, and very popular crypto influencers throw out wild claims without backlash. I recall George from Crypto R Us claiming that the BTC crash from ATH was probably cause by the IMF/ baking cartels/ the Rothschilds trying to suppress crypto. BitBoy has said similar things at times, and is also a climate change denier. I could go on, but I'm late for my meeting with the lizard people at the freemason's lodge.

Mentions:#XRP#ETH#BTC

Cz what's your thoughts on XRP?

Mentions:#XRP

I don’t follow the case I’ll admit. XRP is one of the most centralized coins out there so I just avoid it to be honest.

Mentions:#XRP

If you actually followed the case you would know. Further, if you care about crypto you would follow the case because if XRP goes down, all coins are in the cross hairs from there. You should be thanking Ripple XRP for the incredible job they are doing in wiping the floor with the SEC.

Mentions:#XRP

This post kinda shows that you either don't know how lightning works or you don't know how Ripple uses XRP to facilitate payments. Lightning will never replace Ripples use of XRP on their ODL product because you need to prefund channels, both parties have to be online to open or close a channel and lightning node providers need to offer the necessary liquidity to facilitate transactions. Not to mention that it's prone to centralization and payments randomly vanish.

Mentions:#XRP

tldr; Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing carbon markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms. The funding will also focus on supporting new functionality and developer tools that allow carbon credit tokenization as core NFTs on the public blockchain – XRP Ledger. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#XRP#DYOR

Here comes the XRP to $35000 crowd. Down 60% since last April but hey , the ATH was $3 and change

Mentions:#XRP

Lightning Network makes XRP obsolete

Mentions:#XRP

XRP {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post.

Mentions:#XRP

* Relevant Cointest topics: [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc), [Tether](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_tether). * Relevant subreddits: r/XRP, r/Stellar, r/FederalReserve. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uuh5jp/ripple_commits_100m_to_invest_in_carbon_markets/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

Yeah Im not gonna put much weight into anything Gary Gensler or the SEC says at this point due to their actions in the Ripple case. You have him saying raising money from the public with the expectations of profit = a security, when there was no XRP ICO from Ripple, because it existed before the company did. Meanwhile Ethereum which had a public ICO to build their L1 network, which Lubin has said on the record they knew would never scale and was a test net to build their real network later. Was completely funded by the public with the expectation of profits, and no action is taken. The SEC is currently arguing that not only do they not know if a video of Bill Hinman is him giving said speech. They are also arguing in court that the terms Bitcoin & Ether are "vague and ambiguous" and they have no idea what those terms are referring to in regards to assets. They are a joke of a 3 letter agency. https://pbs.twimg.com/media/FTMFCecWYAAB3JO?format=jpg&name=medium

Mentions:#XRP

Wow smart Can you do an analysis of XRP possibility of mooning to 1000+ like some people say? Or any other coins that you see dumping hard in the future because of trash fundamentals? Thank you very much

Mentions:#XRP

XLM is a copy of XRP - the difference is that Ripple is making deals with banks and i institutions on behalf of XRP and getting implementation

Mentions:#XLM#XRP

Nice to see ol litecoin got this upgrade! Since it's mainly used for transactions and less hodlers I was starting to have some doubts about litecoin because most people back then used litecoin for purchases/transfers cause of its speed and low transaction fees but now there's competitors that will send ur transactions faster and for less fees (XLM, XRP, TRON) so for me it seemed pointless to use litecoin anymore but now with the privacy upgrade, it being a good transaction coin, and its max supply cap being juicy makes me have more faith in its future.

Mentions:#XLM#XRP

Every exchange does this. They're all etherium chain tokens. This is because etherium is allowed to be traded per regulations and all sub-coins are therefore included. However XRP and others are not. Yay sec.

Mentions:#XRP

XRP been in a lawsuit during the whole run up and still remains in the top 10 while others dropping out of it like fleas.

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uudag8/i_think_usdt_panic_selling_will_cause_crypto/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

XRP is climbing up slowly but surly if the settlement happens it will take #3 for sure then go against ETH again

Mentions:#XRP#ETH

Besides the obvious not getting started in crypto earlier, my biggest regret is not buying more Ethereum. I bought some, but should have bought more. My first few crumbs were approaching and on the downslope from the January 2018 peak of $1,400 [https://coinmarketcap.com/historical/20180114/](https://coinmarketcap.com/historical/20180114/) Then after the November 2018 hash war it went down to $85. [https://coinmarketcap.com/historical/20181216/](https://coinmarketcap.com/historical/20181216/) I was more focused on BTC, which I can't regret and couldn't be confident enough to buy after a 90%+ dip and paying so much more for the tiny amount of gwei I had. And it was only the first cycle for ETH, not a proven coin the way XRP and LTC were. This is not financial advice, because it's unlikely to repeat its performance in the last cycle.

Wait, you mean everyone calling for $100 XRP in the next 6 Months are wrong?

Mentions:#XRP

The value of crypto is irrelevant to cross border payments. Say you wanted to send $10k USD to your cousin in Argentina. If XRP were $1 you would buy 10000 XRP, send it to your cousin, and then she would convert to pesos. If XRO were $0.01, you would by a million XRP, send it to Argentina, and cousin would convert to pesos. The effect of the transaction would be idéntica. It doesn’t in any way shape or form drive the price. If you hope and expect crypto to appreciate in value, cross border payments ain’t gonna do it.

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/uuci6w/tether_usdt_releases_report_claiming_it_has_fully/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

>If they were all in circulation then XRPs market cap at .41 cents a coin would be 41 billion. that is their correct mcap, CMC doesnt calculate circulating correctly for XRP. > It’s not because there are uncirculated coins that ripple releases into circulation monthly. I am so sorry you don’t understand this. 100% premine. >I hope you get better educated and learn to not throw money into this fundamentally broken project. basic words are confusing to you its ok.

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Coinbase, r/Binance, r/Tether. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uubkhc/coinbase_paid_off_my_loan/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

XRP has been very green since the beginning (by seeing PoW as inefficient and wasteful security design) and Ripple was once again the first in this sector to push for a carbon-neutral future for blockchain was a whole. https://www.businesswire.com/news/home/20200930005233/en/Ripple-Leads-Sustainability-Agenda-to-Achieve-Carbon-Neutrality-By-2030 -2020 https://www.businesswire.com/news/home/20220519005440/en/Ripple-Commits-100M-to-Scale-and-Strengthen-Global-Carbon-Markets-Addresses-Quality-and-Transparency-Using-Blockchain-and-Crypto -2022

Mentions:#XRP

>Doesn’t change anything I said. clearly it does...lol >They released all these coins into their own wallet/wallets when it went live and control releasing them into circulation. token existed before the company, so I have to ask, who is "they" in your scenario? >Difference between circulating and total supply. its a 100% premine, there is no difference. >So even 8/9 years later they still hold 50% of unreleased total coin supply in their own wallet. They are released, again 100% premine. token exsisted before the company.... would you count Vitalik or Lubins ETH as unreleased? how about Hoskinsens ADA? or Satoshis BTC? at least with XRP and Ripple we know how much they actually hold. They've been on the ledger, live in a wallet since creation. to highlight your incorrect logic, if I escrow some BTC does it magically make it no longer in circulation? how about ADA or ETH? the answer is no because what a 3rd party chooses to do with their coins doesnt matter.

XRP is the way. your friend is right. we usually aren't allowed to talk about it with outsiders so he must really trust you. The comments here are just trying to throw you off the trail, but I believe you might just be the one we've been waiting for...

Mentions:#XRP

Doesn’t change anything I said. They released all these coins into their own wallet/wallets when it went live and control releasing them into circulation. Difference between circulating and total supply. So even 8/9 years later they still hold 50% of unreleased total coin supply in their own wallet. The tokenomics of XRP is terrifying and anyone who supports it doesn’t understand bitcoin or crypto.

Mentions:#XRP

We both know that crypto bois hate XRP purposefully ignoring the fact it's fast and green.

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uu6lwv/with_tether_show_of_82_billion_reserves_has_your/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

bearableguy has their own sub /r/Rippled/ (which was used for longer "messages" / puzzles. it is very inactive now.) To give you an ultra condensed lesson. They made some cryptic predictions 4-5 years ago which IIRC they got mostly correct. This gave him some "credibility" as some sort of insider. more predictions /puzzles were released and some had elements of being correct but again I really stopped paying attention to it. You are correct to compare it with the Q group as it has very similar vibe/feel to it. To me I see them more as an un-official mascot, to others they see him as some sort of like.. messiah and its sad. There are NFTs of him on the XRPL https://twitter.com/BearableguyClub. There were plushie dolls made at one point https://i.imgur.com/anbz8CI.jpg There is still a surprising large subset of the XRP community involved with him and other riddlers IE wonka, or Mr pool, or baba. (all on twitter) I dont have the time nor care to keep up with their current "predictions/puzzles" All I can say is that If you're basing your investments on advice from a cartoon bear on the internet, you are not a smart or informed investor. now that doesnt mean you cant make money if XRP "moons" but I just wish people would focus more on fundamentals, than trying to figure out who the man in the castle looking east is, if you catch my drift. as far as being taken advantage of goes, They cant rugpull him (unless he invests money in some project they themselves launch which I havnt really seen) They cant really "scam" him per say. My thoughts are the only thing hes losing is his own time (which could be arguably more valuable)

Mentions:#CI#XRP

XRP is carbon neutral. And Ripple the company have done a lot to push for greener crypto/ better energy usage (for which they’ve received a lot of hate)

Mentions:#XRP

1. Escrow 2. Swift handles more than 5 Trillion USD in a day for transfers, at current price and supply that isnt locked, there arent enough XRP in the world to handle this. ODL sources XRP liquidity through the payment gateways on the network via ILP managing the various order books/ledgers. if I want to move a Billion dollars right now, Ripple doesnt unlock enough from their escrow each month to sell that to me to use in your fantasy "clean" land.

Mentions:#XRP

They went from only listing 5 coins and thinking XRP wasnt worthy to listing anything anybody was willing to start a conversation about.

Mentions:#XRP

#Bitcoin Con-Arguments Below is an argument written by roberthonker which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/maleficent_plankton's submission from the last round** > > In general, the typical crypto enthusiast has accepted that Bitcoin's conservative blockchain has failed to keep up with other DLTs technology-wise, which have evolved features and efficiencies way beyond Bitcoin. If all the cryptocurrencies were re-released today simultaneously, there is no way Bitcoin would make it into the top 10 by market cap, and likely not even the top 100. It's still #1 only because it continues to maintain strong security because it was the first, and thus has the largest adoption and protection against Sybil attacks. > > ------------- > > These are its flaws: > > **Redundancy inefficiencies**: To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater redundancy. The more miners (specifically mining pools) there are, the harder it is to execute a 51% attack. This also means that there could be a million miners performing redundant actions vying for the next Bitcoin block. Nodes also hold redundant copies of the blockchain ledger, and inefficiency present for nearly all cryptocurrencies. > > **Mining energy Inefficiency**: PoW mining is inherently extremely energy inefficient because it's a competition. The more miners there are, the harder the mining puzzle becomes, adjusted every 2 weeks. The amount of energy needed for a single Bitcoin transaction in [Sept 2021, ~1800 kWh](https://digiconomist.net/bitcoin-energy-consumption), is roughly the same as the amount of energy used by a typical US household over 62 days. Blockchains require extra redundancy for computations and storage from each node that interacts with or validates the transaction. In comparison, other Byzantine Fault Tolerant distributed consensus methods such as BFT-Paxos and RBFT, SBFT used by Hyperledger Fabric are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x) and 10^4 x for storage. > > **Mining Centralization**: Mining is not something the average crypto user can do by themselves unless they join a mining pool. You also need an expensive and specialized high-end ASIC miner for SHA-256 mining in order to have a good chance of making a profit. Individual miners have no financial incentive to run full nodes or verify their mining pool operator's decisions, leading to centralization with mining pools. > > **Fees and Rising cost of transactions**: Layer 1 transfer fees are currently $2-10+ USD and even briefly rose [past $50 in May 2021](https://ycharts.com/indicators/bitcoin_average_transaction_fee). That's way more than [its competitors](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) (e.g. XLM, XRP, Nano, BCH) that have average transfer fees under 0.5 US cents. The fees are so high you can't use them for everyday transactions. People complain about bank fees, but if I had to use Bitcoin for everday transactions for my bank and credit cards, I'd be racking $10000+ in fees yearly. As halvings continue and the BTC price can no longer keep up, the block reward will keep decreasing. Either transaction costs will eventually rise to cover the cost of block rewards, or Bitcoin will experience an ice age where all miners drop out except for the few miners who can acquire cheap ASIC rigs and the cheapest energy costs, leading to more centralization. > > **Layer 2 adoption issue**: In general, Layer 2 solutions have much less decentralization (e.g. fewer validation nodes) than Layer 1 and face low adoption issues. The Lightning Network, a Layer 2 network of state channels that use Hash TimeLock Contracts for Bitcoin, has seen very little adoption by volume even years after introduction. It's a hassle to use for many reasons. It requires you to lock funds in a state channel, which also costs a transaction fee to open and close. It requires nodes to be online most of the time for connectivity. If the node you're connecting to goes offline, you lose your connection, and you could have your channel auto-closed. Channels can also be unilaterally force-closed, which is a common complaint among users. Basically, it's still too much of a hassle for the average crypto user. > > **Slow Finality**: Transactions take 10 minutes to record, but exchanges generally wait up to [60 minutes](https://academy.binance.com/en/glossary/finality) for probabilistic-finality. Given that the largest mining pools have 30% hash power, that's still only a 74% chance of actual finality after 6 block recordings due to possibility of a withholding attack. (The probability of a successful 51% attack given in Satoshi's original Bitcoin whitepaper was greatly underestimated because it did not take into account PoW block withholding attacks.) > > **Lack of privacy**: All transaction history is public. Public blockchains are only pseudononymous, and one can use a Transaction Graph Analysis or Taint Analysis tool to figure out who you are by linking transactions. People can also guess your wealth by tracing your transactions through the blockchain. It only takes 1 mistake to link the rest of your transactions. Individual tokens are also not fungible for this same reason. > > **Slow updates**: Bitcoin evolves slowly due to requiring social consensus and Blockchain bureaucracy. Hard forks are voluntary and can take weeks to complete. The Bitcoin Core foundation is extremely conservative and averse to hard forks, as seen with the fork that created Bitcoin Cash. That's not necessarily bad, but it does mean that most developments to Bitcoin end up turning into separate coins instead of evolving the canonical chain. There are often months-long debates and years between before making updates. As a result, it is a conservative blockchain while other DLTs have evolved technologies and features way beyond it. > > **Limitations to transaction speed**: Due to aversion to change, Bitcoin is likely at its limit for transaction speed. It is a poor Medium of Exchange due to slow transaction speeds. > > - Increase block size: requires a hard fork, results in longer network propagation time) > - Decrease block time by lowering puzzle difficulty: increases chance of natural forks, increases acceleration of block size, leading to more storage bloat, all exchanges need to adjust the number of blocks until probabilistic finality, and increases the chance of miners holding orphaned blocks. > - Decrease the transaction size: requires a hard fork (e.g. SegWit 2017 fork, which after all that work, only reduced the size by 50%) > > **Smart Contracts**: Bitcoin doesn't support complex "smart" contracts with its very basic (procedural, stack-oriented, Forth-like) Bitcoin Script. The contracts enabled by Bitcoin Scripts are so basic that they're often non-script features built directly into other blockchains like timelock releases and multi-signature. It's extremely limited because you can't easily validate them, and miners typically put huge restrictions on what is allowed for security purposes. It's possible taproot could change that if it gets a ton of developer support, but Bitcoin Script is way behind all of its competitors in adoption, and it won't evolve fast enough due to Bitcoin's conservative governance. It would be pretty tedious to program anything complex using Bitcoin Script, but I suppose there's always someone who enjoys a challenge. > > **Unstable Store of Value**: Like most non-stablecoins, it has too much volatility to be considered a stable store of value, losing up to 80% of its purchasing-power after crashes. Like gold/silver, it is more of a speculative investment. > > (Disclaimer: I only own trace amounts of BTC.) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz3duc/rcc_cointest_top_10_bitcoin_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/uu3clg/introducing_usdtea_stablecoin_backed_by_a_can_of/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

#Bitcoin Con-Arguments Below is an argument written by roberthonker which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/maleficent_plankton's submission from the last round** > > In general, the typical crypto enthusiast has accepted that Bitcoin's conservative blockchain has failed to keep up with other DLTs technology-wise, which have evolved features and efficiencies way beyond Bitcoin. If all the cryptocurrencies were re-released today simultaneously, there is no way Bitcoin would make it into the top 10 by market cap, and likely not even the top 100. It's still #1 only because it continues to maintain strong security because it was the first, and thus has the largest adoption and protection against Sybil attacks. > > ------------- > > These are its flaws: > > **Redundancy inefficiencies**: To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater redundancy. The more miners (specifically mining pools) there are, the harder it is to execute a 51% attack. This also means that there could be a million miners performing redundant actions vying for the next Bitcoin block. Nodes also hold redundant copies of the blockchain ledger, and inefficiency present for nearly all cryptocurrencies. > > **Mining energy Inefficiency**: PoW mining is inherently extremely energy inefficient because it's a competition. The more miners there are, the harder the mining puzzle becomes, adjusted every 2 weeks. The amount of energy needed for a single Bitcoin transaction in [Sept 2021, ~1800 kWh](https://digiconomist.net/bitcoin-energy-consumption), is roughly the same as the amount of energy used by a typical US household over 62 days. Blockchains require extra redundancy for computations and storage from each node that interacts with or validates the transaction. In comparison, other Byzantine Fault Tolerant distributed consensus methods such as BFT-Paxos and RBFT, SBFT used by Hyperledger Fabric are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x) and 10^4 x for storage. > > **Mining Centralization**: Mining is not something the average crypto user can do by themselves unless they join a mining pool. You also need an expensive and specialized high-end ASIC miner for SHA-256 mining in order to have a good chance of making a profit. Individual miners have no financial incentive to run full nodes or verify their mining pool operator's decisions, leading to centralization with mining pools. > > **Fees and Rising cost of transactions**: Layer 1 transfer fees are currently $2-10+ USD and even briefly rose [past $50 in May 2021](https://ycharts.com/indicators/bitcoin_average_transaction_fee). That's way more than [its competitors](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) (e.g. XLM, XRP, Nano, BCH) that have average transfer fees under 0.5 US cents. The fees are so high you can't use them for everyday transactions. People complain about bank fees, but if I had to use Bitcoin for everday transactions for my bank and credit cards, I'd be racking $10000+ in fees yearly. As halvings continue and the BTC price can no longer keep up, the block reward will keep decreasing. Either transaction costs will eventually rise to cover the cost of block rewards, or Bitcoin will experience an ice age where all miners drop out except for the few miners who can acquire cheap ASIC rigs and the cheapest energy costs, leading to more centralization. > > **Layer 2 adoption issue**: In general, Layer 2 solutions have much less decentralization (e.g. fewer validation nodes) than Layer 1 and face low adoption issues. The Lightning Network, a Layer 2 network of state channels that use Hash TimeLock Contracts for Bitcoin, has seen very little adoption by volume even years after introduction. It's a hassle to use for many reasons. It requires you to lock funds in a state channel, which also costs a transaction fee to open and close. It requires nodes to be online most of the time for connectivity. If the node you're connecting to goes offline, you lose your connection, and you could have your channel auto-closed. Channels can also be unilaterally force-closed, which is a common complaint among users. Basically, it's still too much of a hassle for the average crypto user. > > **Slow Finality**: Transactions take 10 minutes to record, but exchanges generally wait up to [60 minutes](https://academy.binance.com/en/glossary/finality) for probabilistic-finality. Given that the largest mining pools have 30% hash power, that's still only a 74% chance of actual finality after 6 block recordings due to possibility of a withholding attack. (The probability of a successful 51% attack given in Satoshi's original Bitcoin whitepaper was greatly underestimated because it did not take into account PoW block withholding attacks.) > > **Lack of privacy**: All transaction history is public. Public blockchains are only pseudononymous, and one can use a Transaction Graph Analysis or Taint Analysis tool to figure out who you are by linking transactions. People can also guess your wealth by tracing your transactions through the blockchain. It only takes 1 mistake to link the rest of your transactions. Individual tokens are also not fungible for this same reason. > > **Slow updates**: Bitcoin evolves slowly due to requiring social consensus and Blockchain bureaucracy. Hard forks are voluntary and can take weeks to complete. The Bitcoin Core foundation is extremely conservative and averse to hard forks, as seen with the fork that created Bitcoin Cash. That's not necessarily bad, but it does mean that most developments to Bitcoin end up turning into separate coins instead of evolving the canonical chain. There are often months-long debates and years between before making updates. As a result, it is a conservative blockchain while other DLTs have evolved technologies and features way beyond it. > > **Limitations to transaction speed**: Due to aversion to change, Bitcoin is likely at its limit for transaction speed. It is a poor Medium of Exchange due to slow transaction speeds. > > - Increase block size: requires a hard fork, results in longer network propagation time) > - Decrease block time by lowering puzzle difficulty: increases chance of natural forks, increases acceleration of block size, leading to more storage bloat, all exchanges need to adjust the number of blocks until probabilistic finality, and increases the chance of miners holding orphaned blocks. > - Decrease the transaction size: requires a hard fork (e.g. SegWit 2017 fork, which after all that work, only reduced the size by 50%) > > **Smart Contracts**: Bitcoin doesn't support complex "smart" contracts with its very basic (procedural, stack-oriented, Forth-like) Bitcoin Script. The contracts enabled by Bitcoin Scripts are so basic that they're often non-script features built directly into other blockchains like timelock releases and multi-signature. It's extremely limited because you can't easily validate them, and miners typically put huge restrictions on what is allowed for security purposes. It's possible taproot could change that if it gets a ton of developer support, but Bitcoin Script is way behind all of its competitors in adoption, and it won't evolve fast enough due to Bitcoin's conservative governance. It would be pretty tedious to program anything complex using Bitcoin Script, but I suppose there's always someone who enjoys a challenge. > > **Unstable Store of Value**: Like most non-stablecoins, it has too much volatility to be considered a stable store of value, losing up to 80% of its purchasing-power after crashes. Like gold/silver, it is more of a speculative investment. > > (Disclaimer: I only own trace amounts of BTC.) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz3duc/rcc_cointest_top_10_bitcoin_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

Im not saying what will happen (I dont know), but to me, if the banks can have a clean supply from Ripple that only rotates through banks, they wont risk using retail XRP. I dont hate Ripple, I just dont understand why individuals would want it. Even for speculation Ripple has so much supply.

Mentions:#XRP

Dude I LOVE XRP!! I really do. It’s the lions share of my holdings, however, I share some of Dry-Hurry-7598’s cynicism. Every bank on the planet can use RippleNet but that doesn’t do anything for XRP. RippleNet is their system and XRP doesn’t necessarily need to be used as the bridge. Also, this person is right, why tf would the government and fed (a small group of bankers who control all the money) want to relinquish control?? Convince me!

Mentions:#XRP

XRP could become big enough if it’s adopted internationally because of the size of the global financial system

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Coinbase, r/Binance, r/Tether. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/uu0xpj/coinbase_is_being_chastised_for_promoting_and/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

#Bitcoin Con-Arguments Below is an argument written by roberthonker which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/maleficent_plankton's submission from the last round** > > In general, the typical crypto enthusiast has accepted that Bitcoin's conservative blockchain has failed to keep up with other DLTs technology-wise, which have evolved features and efficiencies way beyond Bitcoin. If all the cryptocurrencies were re-released today simultaneously, there is no way Bitcoin would make it into the top 10 by market cap, and likely not even the top 100. It's still #1 only because it continues to maintain strong security because it was the first, and thus has the largest adoption and protection against Sybil attacks. > > ------------- > > These are its flaws: > > **Redundancy inefficiencies**: To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater redundancy. The more miners (specifically mining pools) there are, the harder it is to execute a 51% attack. This also means that there could be a million miners performing redundant actions vying for the next Bitcoin block. Nodes also hold redundant copies of the blockchain ledger, and inefficiency present for nearly all cryptocurrencies. > > **Mining energy Inefficiency**: PoW mining is inherently extremely energy inefficient because it's a competition. The more miners there are, the harder the mining puzzle becomes, adjusted every 2 weeks. The amount of energy needed for a single Bitcoin transaction in [Sept 2021, ~1800 kWh](https://digiconomist.net/bitcoin-energy-consumption), is roughly the same as the amount of energy used by a typical US household over 62 days. Blockchains require extra redundancy for computations and storage from each node that interacts with or validates the transaction. In comparison, other Byzantine Fault Tolerant distributed consensus methods such as BFT-Paxos and RBFT, SBFT used by Hyperledger Fabric are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x) and 10^4 x for storage. > > **Mining Centralization**: Mining is not something the average crypto user can do by themselves unless they join a mining pool. You also need an expensive and specialized high-end ASIC miner for SHA-256 mining in order to have a good chance of making a profit. Individual miners have no financial incentive to run full nodes or verify their mining pool operator's decisions, leading to centralization with mining pools. > > **Fees and Rising cost of transactions**: Layer 1 transfer fees are currently $2-10+ USD and even briefly rose [past $50 in May 2021](https://ycharts.com/indicators/bitcoin_average_transaction_fee). That's way more than [its competitors](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) (e.g. XLM, XRP, Nano, BCH) that have average transfer fees under 0.5 US cents. The fees are so high you can't use them for everyday transactions. People complain about bank fees, but if I had to use Bitcoin for everday transactions for my bank and credit cards, I'd be racking $10000+ in fees yearly. As halvings continue and the BTC price can no longer keep up, the block reward will keep decreasing. Either transaction costs will eventually rise to cover the cost of block rewards, or Bitcoin will experience an ice age where all miners drop out except for the few miners who can acquire cheap ASIC rigs and the cheapest energy costs, leading to more centralization. > > **Layer 2 adoption issue**: In general, Layer 2 solutions have much less decentralization (e.g. fewer validation nodes) than Layer 1 and face low adoption issues. The Lightning Network, a Layer 2 network of state channels that use Hash TimeLock Contracts for Bitcoin, has seen very little adoption by volume even years after introduction. It's a hassle to use for many reasons. It requires you to lock funds in a state channel, which also costs a transaction fee to open and close. It requires nodes to be online most of the time for connectivity. If the node you're connecting to goes offline, you lose your connection, and you could have your channel auto-closed. Channels can also be unilaterally force-closed, which is a common complaint among users. Basically, it's still too much of a hassle for the average crypto user. > > **Slow Finality**: Transactions take 10 minutes to record, but exchanges generally wait up to [60 minutes](https://academy.binance.com/en/glossary/finality) for probabilistic-finality. Given that the largest mining pools have 30% hash power, that's still only a 74% chance of actual finality after 6 block recordings due to possibility of a withholding attack. (The probability of a successful 51% attack given in Satoshi's original Bitcoin whitepaper was greatly underestimated because it did not take into account PoW block withholding attacks.) > > **Lack of privacy**: All transaction history is public. Public blockchains are only pseudononymous, and one can use a Transaction Graph Analysis or Taint Analysis tool to figure out who you are by linking transactions. People can also guess your wealth by tracing your transactions through the blockchain. It only takes 1 mistake to link the rest of your transactions. Individual tokens are also not fungible for this same reason. > > **Slow updates**: Bitcoin evolves slowly due to requiring social consensus and Blockchain bureaucracy. Hard forks are voluntary and can take weeks to complete. The Bitcoin Core foundation is extremely conservative and averse to hard forks, as seen with the fork that created Bitcoin Cash. That's not necessarily bad, but it does mean that most developments to Bitcoin end up turning into separate coins instead of evolving the canonical chain. There are often months-long debates and years between before making updates. As a result, it is a conservative blockchain while other DLTs have evolved technologies and features way beyond it. > > **Limitations to transaction speed**: Due to aversion to change, Bitcoin is likely at its limit for transaction speed. It is a poor Medium of Exchange due to slow transaction speeds. > > - Increase block size: requires a hard fork, results in longer network propagation time) > - Decrease block time by lowering puzzle difficulty: increases chance of natural forks, increases acceleration of block size, leading to more storage bloat, all exchanges need to adjust the number of blocks until probabilistic finality, and increases the chance of miners holding orphaned blocks. > - Decrease the transaction size: requires a hard fork (e.g. SegWit 2017 fork, which after all that work, only reduced the size by 50%) > > **Smart Contracts**: Bitcoin doesn't support complex "smart" contracts with its very basic (procedural, stack-oriented, Forth-like) Bitcoin Script. The contracts enabled by Bitcoin Scripts are so basic that they're often non-script features built directly into other blockchains like timelock releases and multi-signature. It's extremely limited because you can't easily validate them, and miners typically put huge restrictions on what is allowed for security purposes. It's possible taproot could change that if it gets a ton of developer support, but Bitcoin Script is way behind all of its competitors in adoption, and it won't evolve fast enough due to Bitcoin's conservative governance. It would be pretty tedious to program anything complex using Bitcoin Script, but I suppose there's always someone who enjoys a challenge. > > **Unstable Store of Value**: Like most non-stablecoins, it has too much volatility to be considered a stable store of value, losing up to 80% of its purchasing-power after crashes. Like gold/silver, it is more of a speculative investment. > > (Disclaimer: I only own trace amounts of BTC.) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz3duc/rcc_cointest_top_10_bitcoin_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

A payment system that works. Also, it's not just the tech, but the people behind it that matters. XLM or ADA or some other fast crypto may be good technology for payments also, but they're not being put to the same use as Ripple is using XRP and any company planning to do that has a lot further to go than Ripple which has been laser focused for years. Trust & reliability matter a lot when your dealing with large payments and XRP is one of the really old & reliable cryptos. There's actually plenty of other companies using XRP also, but Ripple is the most prominent. Also, there's plenty of information out there. XRP Arcade is a good place to look, I've heard.

Mentions:#XLM#ADA#XRP

Ripple transactions are tracable on the blockchain. It can become tainted by criminal activity. If you treat crypto as a commodity for example, legal precidents like _NEMO DAT QUAD NON HABET_ (you cannot pass better legal ownership than you hold yourself), and in general Anti-Money Laundering regulations, could require any registered financial institution to vet XRP recieved from a general user. Its much more attractinve for a financial institution to only use virgin XRP straight from Ripple, than open themselves to risk on potentially tainted XRP from retail.

Mentions:#QUAD#XRP

people trying to suppress the message...the three most mentioned projects on the thread by far so have been XMR, XRP, and ADA. So it is a popular choice, but also a popularly downvoted choice. Probably feeling the most threatened by it.

Mentions:#XMR#XRP#ADA

Uhm, dump everything but ADA and XRP. Put the rest into BTC and ETH.

Ok so I admit I don't quite understand your second point, and I've seen it made before so I'm curious. Crypto is crypto. How does buying XRP from retail sellers make it dirty? Unless you are talking about price and how they can probably get it for less from Ripple the corporation as opposed to a retail seller.

Mentions:#XRP

* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Coinbase, r/Binance, r/Tether. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/utz1i4/coinbase_slammed_for_pushing_and_listing_highrisk/?sort=controversial). Doesn't work on mobile.

Mentions:#XRP

I think we’re on the same side lol. XRP is the future for sure. I think the SEC is just doing their job. I bet the case will be in holders’ favor, becoming the first digital asset with regulatory clarity in the US.

Mentions:#XRP

Ok I'm going to put 1k USD in 10 different coins. I've decided on 9 and need 1 more. The 9 are XRP, TRX, BCH, LTC, BSV, LUNA, ETC, ADA and XVG. Need 1 more to make complete my investment. Thoughts?