xrpSHINOBI
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caLm bro
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they're shaking the weak hands.
Cryptopolitan
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Ripple’s XRP Public Takedown – ‘It’s Not a Crypto, Can’t Be Compared to Bitcoin, and Has No Use C...
In the last two weeks, Ripple’s XRP naysayers have launched an onslaught on the token’s contribution to the crypto industry. They are seemingly unhappy with XRP’s name being floated around President Donald Trump’s proposed US federal crypto stockpile, as some believe Ripple’s native token is “not a crypto.”
A series of recent posts by prominent industry figures have reignited debates about XRP’s place in the blockchain ecosystem. In a January 24 post on X, Pierre Rochard, VP of Research at Bitcoin mining company Riot Platforms, shared a screenshot of a thread originally posted in 2020 by crypto commentator Nic Carter, who made scathing remarks about Ripple’s digital asset.
Carter’s posts labeled XRP as “neither a cryptocurrency nor a viable competitor to Bitcoin,” arguing it lacks meaningful decentralization or utility.
“There’s absolutely no comparing XRP with Bitcoin,” Carter wrote. “It’s not ‘cheaper’ than Bitcoin or more energy-efficient because it’s not remotely in the same category. The same way you can’t compare an Excel doc on my laptop with Bitcoin.”
XRP use cases under question
In his December 2020 thread, Carter criticized XRP’s purported “centralized nature,” describing it as “literally a token on a database maintained by a single entity,” which, in the context, represented Ripple Labs.
He went so far as to liken XRP to “an IOU on the Starbucks app,” arguing that the token is not fully built on a decentralization principle, which undermines its legitimacy as a crypto.
Carter also targeted XRP’s primary use case as a bridge currency for cross-border remittances. He claimed this purpose has been rendered obsolete by the adoption of stablecoins, which are less volatile and more practical for such transactions.
“No one wants to use a volatile, illiquid, thinly traded asset as a bridge currency,” Carter stated. “The only use case is lowering the cost of capital for Ripple Labs.”
The crypto critic, who is also against the idea of creating a national strategic Bitcoin reserve, accused Ripple of using XRP to inflate its value artificially, alleging that the company engaged in partnerships designed to excite retail investors and drive up the token’s price.
“The SEC should see through the smokescreen and perceive XRP for what it is—a shallow fraud.”
Bitcoin advocates double down on XRP criticism
Several users on X agreed with Rochard’s sentiments, with some echoing Carter’s claims of XRP being a “fraudulent” asset meant to fatten Ripple Labs’ pockets.
One user shared a screenshot of an explainer that showed the tokenomics of XRP. The screenshot alleges that Ripple Labs withheld 80% of XRP’s total supply when it launched in 2013. Retailers could only access the withheld supply through the Bitstamp crypto exchange from January 2017.
They apparently employ over 1k people…?! sus
I 'member this… The initial distribution was 80/20 in June 2012 and it was impossible to get any as a 'retailer' until 5 years later (Bitstamp, January 2017).
The very fact that any of these events happened = DQ. pic.twitter.com/W9npWWcmj7
— mikethespacecat (@2salt2furious) January 23, 2025
In a quoted response to Rochard’s post, another Bitcoin advocate disclosed some pointers from Saifedean Ammous’s The Bitcoin Standard book. The post explained how the author discussed the fundamental differences between Bitcoin and XRP in chapters, 7, 8, and 9.
In Chapter 7, Ammous explained how Bitcoin’s model makes the network independent, decentralized, and immutable. Analysts pointed out that XRP fails to achieve this due to Ripple Labs’ control over its supply.
The next chapter further critiques fiat systems and centralized financial models. Critics assert the system is similar to XRP’s model and claim the token is an extension of the very structures BTC was designed to disrupt.
Finally, chapter 9 focuses on Bitcoin’s proof-of-work mechanism, which ensures decentralization and censorship resistance. XRP critics insist XRP relies on centralized validators, which Ripple Labs could allegedly take advantage of to manipulate price.
Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet
A series of recent posts by prominent industry figures have reignited debates about XRP’s place in the blockchain ecosystem. In a January 24 post on X, Pierre Rochard, VP of Research at Bitcoin mining company Riot Platforms, shared a screenshot of a thread originally posted in 2020 by crypto commentator Nic Carter, who made scathing remarks about Ripple’s digital asset.
Carter’s posts labeled XRP as “neither a cryptocurrency nor a viable competitor to Bitcoin,” arguing it lacks meaningful decentralization or utility.
“There’s absolutely no comparing XRP with Bitcoin,” Carter wrote. “It’s not ‘cheaper’ than Bitcoin or more energy-efficient because it’s not remotely in the same category. The same way you can’t compare an Excel doc on my laptop with Bitcoin.”
XRP use cases under question
In his December 2020 thread, Carter criticized XRP’s purported “centralized nature,” describing it as “literally a token on a database maintained by a single entity,” which, in the context, represented Ripple Labs.
He went so far as to liken XRP to “an IOU on the Starbucks app,” arguing that the token is not fully built on a decentralization principle, which undermines its legitimacy as a crypto.
Carter also targeted XRP’s primary use case as a bridge currency for cross-border remittances. He claimed this purpose has been rendered obsolete by the adoption of stablecoins, which are less volatile and more practical for such transactions.
“No one wants to use a volatile, illiquid, thinly traded asset as a bridge currency,” Carter stated. “The only use case is lowering the cost of capital for Ripple Labs.”
The crypto critic, who is also against the idea of creating a national strategic Bitcoin reserve, accused Ripple of using XRP to inflate its value artificially, alleging that the company engaged in partnerships designed to excite retail investors and drive up the token’s price.
“The SEC should see through the smokescreen and perceive XRP for what it is—a shallow fraud.”
Bitcoin advocates double down on XRP criticism
Several users on X agreed with Rochard’s sentiments, with some echoing Carter’s claims of XRP being a “fraudulent” asset meant to fatten Ripple Labs’ pockets.
One user shared a screenshot of an explainer that showed the tokenomics of XRP. The screenshot alleges that Ripple Labs withheld 80% of XRP’s total supply when it launched in 2013. Retailers could only access the withheld supply through the Bitstamp crypto exchange from January 2017.
They apparently employ over 1k people…?! sus
I 'member this… The initial distribution was 80/20 in June 2012 and it was impossible to get any as a 'retailer' until 5 years later (Bitstamp, January 2017).
The very fact that any of these events happened = DQ. pic.twitter.com/W9npWWcmj7
— mikethespacecat (@2salt2furious) January 23, 2025
In a quoted response to Rochard’s post, another Bitcoin advocate disclosed some pointers from Saifedean Ammous’s The Bitcoin Standard book. The post explained how the author discussed the fundamental differences between Bitcoin and XRP in chapters, 7, 8, and 9.
In Chapter 7, Ammous explained how Bitcoin’s model makes the network independent, decentralized, and immutable. Analysts pointed out that XRP fails to achieve this due to Ripple Labs’ control over its supply.
The next chapter further critiques fiat systems and centralized financial models. Critics assert the system is similar to XRP’s model and claim the token is an extension of the very structures BTC was designed to disrupt.
Finally, chapter 9 focuses on Bitcoin’s proof-of-work mechanism, which ensures decentralization and censorship resistance. XRP critics insist XRP relies on centralized validators, which Ripple Labs could allegedly take advantage of to manipulate price.
Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet
buy and forget your $DOGS for a whiLe.
you shouLd aDd another coins/tokens in your assets and now everything are 📉 it's good to buy.
DIVERSIFY YOUR PORTFOLIO THOUGH!
you shouLd aDd another coins/tokens in your assets and now everything are 📉 it's good to buy.
DIVERSIFY YOUR PORTFOLIO THOUGH!
$DOGS
All my good friends and all who have given me good advice so far please tell me what is the future of #DOGS 40++ million #DOGS I am in so much mental pain that I am 70 to 75% loss.
I wish for good advice.
Average Buy Rate: $0.0010125
😭😭😭😇
All my good friends and all who have given me good advice so far please tell me what is the future of #DOGS 40++ million #DOGS I am in so much mental pain that I am 70 to 75% loss.
I wish for good advice.
Average Buy Rate: $0.0010125
😭😭😭😇
ive been hoLding xrp since day 1 of lawsuit and this fud are empty words from me. TRUST THE PROCESS THOUGH!
$XRP I said last time that Ripple was going to fall, and some people called me a coin beginner. That's right. I'm a beginner. I've been investing in the stock market for a long time. Based on that, I'll tell you what I think.
1. It went up too suddenly. I think the supply is being absorbed now, but the price is being traded at a very high level. It went up from $0.5 and is currently around $2.4. It went down in the middle, but the price was around $2. Even if it went down, it quickly hit the bottom and went up again. I think that the fundamentals are weakened because the supply is not absorbed properly. Think about it. Do you think that someone who bought at $1.50 and someone who bought at $2.20 will react the same way when the price drops?
2. Whales still don't have enough supply. Look at the current supply. They are almost repeating selling and buying again. If you really have a lot of money, you can adjust the price to some extent. If 100M were to come up for sale at once, wouldn't it crash? If I were you, I would drop it even more. Currently, they are unknowingly passing on the quantity to individuals. And then it crashes. Then individuals are scared. Maybe if it goes down to around $1.2, everyone will run away? And if they buy more, they can make more money.
3. There is still no reason for $5 or $10. Do you know how dangerous it is for the price to rise without a reason? The price rise requires market recognition. The last time it reached $2.9, the market went crazy. That's why it has been moving sideways for almost 10 days now. There is no reason to digest the quantity and no reason. It will probably maintain this price and then suddenly go crazy and liquidate everything. Then they will buy everything again. If there are many announcements next year, there will be a reason and the market will recognize it. Then $3 or $5 won't be strange. I understand that everyone wants to get rich with Ripple. But friends, the rich are not philanthropists. They are playing the same game, but they are just playing from an advantageous position. Be a little smarter.
1. It went up too suddenly. I think the supply is being absorbed now, but the price is being traded at a very high level. It went up from $0.5 and is currently around $2.4. It went down in the middle, but the price was around $2. Even if it went down, it quickly hit the bottom and went up again. I think that the fundamentals are weakened because the supply is not absorbed properly. Think about it. Do you think that someone who bought at $1.50 and someone who bought at $2.20 will react the same way when the price drops?
2. Whales still don't have enough supply. Look at the current supply. They are almost repeating selling and buying again. If you really have a lot of money, you can adjust the price to some extent. If 100M were to come up for sale at once, wouldn't it crash? If I were you, I would drop it even more. Currently, they are unknowingly passing on the quantity to individuals. And then it crashes. Then individuals are scared. Maybe if it goes down to around $1.2, everyone will run away? And if they buy more, they can make more money.
3. There is still no reason for $5 or $10. Do you know how dangerous it is for the price to rise without a reason? The price rise requires market recognition. The last time it reached $2.9, the market went crazy. That's why it has been moving sideways for almost 10 days now. There is no reason to digest the quantity and no reason. It will probably maintain this price and then suddenly go crazy and liquidate everything. Then they will buy everything again. If there are many announcements next year, there will be a reason and the market will recognize it. Then $3 or $5 won't be strange. I understand that everyone wants to get rich with Ripple. But friends, the rich are not philanthropists. They are playing the same game, but they are just playing from an advantageous position. Be a little smarter.
See original
xrp 🚀🌒
$XRP Five Reasons Why It Will Soon Drop Below 1.6:
1. Ripple is an old coin, lacking hype and any supportive applications. Many say it can be used for payments like Bitcoin, but the question is, are you willing to exchange Bitcoin for XRP?
2. I heard that Ripple's internal personnel were arrested on Friday? I don't know if this news is reliable, but after spreading in the community and on the plaza, people tend to believe negative news more willingly;
3. The historical peak is around 1.9 USD, and this group of people will definitely not sell at that point. Before Ethereum breaks new highs, what basis does Ripple have to break out first? Is it because its physical attributes are longer and harder?
4. The market capitalization is already very high, a sudden double-digit increase would require market makers to take a break;
5. Most importantly, the so-called positive news does not have the necessity for prolonged hype, as it has already surged a few days ago. This time, it is likely orchestrated by the market makers
1. Ripple is an old coin, lacking hype and any supportive applications. Many say it can be used for payments like Bitcoin, but the question is, are you willing to exchange Bitcoin for XRP?
2. I heard that Ripple's internal personnel were arrested on Friday? I don't know if this news is reliable, but after spreading in the community and on the plaza, people tend to believe negative news more willingly;
3. The historical peak is around 1.9 USD, and this group of people will definitely not sell at that point. Before Ethereum breaks new highs, what basis does Ripple have to break out first? Is it because its physical attributes are longer and harder?
4. The market capitalization is already very high, a sudden double-digit increase would require market makers to take a break;
5. Most importantly, the so-called positive news does not have the necessity for prolonged hype, as it has already surged a few days ago. This time, it is likely orchestrated by the market makers
its not the reaL $DOGS BOT the reaL one ----> verified check
Dogs is scam or Legit?
i am getting this reward in free, and it already took my 2.5 tons. now its asKing for more to complete the thransaction.
i am getting this reward in free, and it already took my 2.5 tons. now its asKing for more to complete the thransaction.
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