Comment on Show HN: Spread bitcoins by lending to friendsparentComments−bernatfp13yPeople should avoid Ripple. Building an economy under a system that is in hands of one company isn't a very good idea.−pdog13yIsn't Ripple a decentralized system, and weren't there plans to open source it?−tlrobinson13yThat's their stated intention, but so far it's completely centralized and (mostly) closed source.The biggest problem most Bitcoiners have with Ripple is the creators control the allocation of the currency used within the system (XRP).
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People should avoid Ripple. Building an economy under a system that is in hands of one company isn't a very good idea.
Isn't Ripple a decentralized system, and weren't there plans to open source it?
That's their stated intention, but so far it's completely centralized and (mostly) closed source.
The biggest problem most Bitcoiners have with Ripple is the creators control the allocation of the currency used within the system (XRP).