I don't understand those who think Ripple is the 'anti-Bitcoin.'
The logic escapes me. Surely fiat currency, the primary motivation for the invention of blockchain tech generally, and BTC in particular, is the anti-Bitcoin.
How could it not be?
But, for the sake of argument, let's go with the idea for a bit.
So, why do some in the crypto community so despise Ripple?
The answer is easy. More than any other coin it represents 'the establishment'. Big business. Banks.
Fair enough. Big business generally sucks. It is not community oriented, and generally speaking businesses of all sizes only care about people long enough to analyse and exploit our spending habits.
So, yeah. I understand why some in the crypto community have an active dislike of establishment businesses.
But I am no anarchist, and I don't see the establishment going anywhere in a hurry (be careful what you wish for).
And this is where the anti-Ripple argument really falls over. Without established institutions like international finance and trade, like government regulations and laws, like central reserve banks to convert cryptos into something you can spend at a supermarket, for the foreseeable future blockchain is reliant on the establishment. How can it not be?
And the kicker? For blockchain to gain universal acceptance, it needs to, you know, be adopted universally. Including by establishment players. And the sooner this happens, the sooner the 'fiat currency free' world that many crypto enthusiasts so enthusiastically desire, will happen.
If such a thing is possible - I have my doubts.
Ripple is good for blockchain. Ripple, precisely because it is working within the establishment, will probably advance the cause of blockchain faster and more effectively than any other crypto except EOS.
Ripple logo courtesy of ripple.com
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Go investigate what decentralization means and you will figure it out
Hahaha
Nah, I get it.
Love it too when people upvote their own comments but not the post they are commenting on.
All class. Thanks for coming.
That is because it is a centralized currency.
They themselves hold what, 65 or more percent of all XRP? And it can't be mined.
That is the exact opposite of what Bitcoin tries to achieve.
Sure I get the "institutional money" argument. Yes. For mass adoption we need be corporations and such to boost crypto. But if it works just like the old fiat money, except for being on the internet. Nothing is gained.
Personally I don't care much about ripple, but since you basically asked a question in your article, I thought I am gonna answer what I've heared so far.
Cheers. Thanks for commenting 🙂
Because they didn't buy it when it was at 0.002c by January 2017 :-P
Hahahaha probably 🙃
I been saying in online for over a year now since it was only $0.01. Buy Ripple Now Or Cry Later! Yea Dawg!!! Great Article
Good call 👍
Riple is a great cripto but i only have steem, sbd and SP, some times i try to buy bitcoin but coinbase do not let me for the antimoney landry law.
i hope some day get a little of riple.
best regard.
Well, it's seems pretty cheap now to me 🙃
Thanks for your comments Galberto!
Pretty much my thoughts on Ripple summed up.
In my opinion, it’s definitely worth having some Ripple in your portfolio as a sort of hedge.
Thanks for sharing.
Thanks for the resteem forex 🙃
Ripple is the antithesis of what the cryptocurrency community is built upon. Also, one of its founders was taken to court to stop him releasing en masse his own holding of Ripple. The same team that created Ripple is behind Stellar Lumens. I prefer Stellar Lumens because it's the same team, minus the renegade dumper :)
Fair point.
Thing about Ripple though (and as I said above) is it's gonna be the one to break through. People using it without realising. That's a win for blockchain.
Ripple is a good coin but kindly share news about bitcoin
Umm okay
https://steemit.com/blockchain/@drwom/the-economics-of-crypto-currency
Because it is a banker's coin.