XRP Classic: a failed attempt to tear Ripple


Scammers are in place. This week, two unbelievers tried to take advantage of the upcoming Ethereum Hard Fork and were not only creative but surprisingly well informed in doing so. Playing on the common misconception that hard forks generate new coins and offering "new coins" to the date on which the fork is held, they managed to look much more convincing

And now the same stratagem is tested on the putative cryptocurrency of Ripple, XRP. The new fraudulent currency is called XRP Classic, which scammers have labeled as a more "original" version of XRP, which you probably know, is the popular currency for cross-border payments. The scammers claim that XRP Classic is a fork of XRP (or at least a better version) but they clearly failed to do their homework.

It turns out that XRP is very difficult to beat – ironically, because it is not particularly decentralized. (Despite the protests of Ripple's CEO, Brad Garlinghouse, the XRP is more decentralized than Bitcoin.) If you try to copy the source code and set up your own validator system, it will not have the same history as the original. Existing XRP. And forget about an acquisition attempt, David Schwartz, CTO of Ripple, tweeted this is technically impossible. So, XRP Classic as a concept, it is not even Does this make sense.

The whitepaper is also quite unconvincing. Most talk about the gig economy and how freelancers are struggling. But it offers a solution, through the miracle of XRP Classic: smart contracts! Here's the thing though: XRP is not built for smart contracts. He can not even do them.

On the positive side, as far as we can tell, the website does not contain phishing links, which is the cornerstone of any scam you deserve. It is also built on a Colorlib model with much of the placeholder text still visible, which seems to involve automotive engineering. It is hoped that this should be enough to prevent the intrepid blockchain explorer from accidentally losing money in this sinking of sadness.

xrp classic is a failed scam
Will XRP Classic offer automotive engineering in its smart contracts?

Interesting to note that it does not exist to appear to be a trading volume. Apparently, scammers have created an Ethereum-based token, "XRPC", in an attempt to sell worthless token to potential investors. On Token Store, an exchange of Ethereum-based tokens, XRP Classic (XRPC) has about 4.2 ETH ($ 537) in the trading volume in the last 24 hours. This means that someone has mistaken it, perhaps the scammers themselves.

All in all, it seems to be a half-baked scheme, everything and everything. In fact, at the end of the whitepaper – yes, we read it until the end – we sign "We hope that you will continue to grow and prosper". Everyone knows that Spock's famous saying is "Live long and prosper". It seems that the scammers could not even do it.

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