I think people are investing because of the Ripples collaboration with banks and following the trend without any knowledge of what ripple actually is.
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I think people are investing because of the Ripples collaboration with banks and following the trend without any knowledge of what ripple actually is.
It is purely about making money. No one really cares about what Ripple does, they care that they can make a buck.
Just because someone puts together a great technical platform based upon a cryptocurrency to sell to banks doesn't mean that they are somehow "evil" or a scam owned by the banks. If you want to really talk about evil industry then choose ones with a real track record of highly disgusting behavior and incredibly dangerous products.. Monsanto (a.k.a. Monsatan), Goldman Sachs (a.k.a. the Vampire Squid), McDonald's (a.k.a. McDeath), pharma and vaccine manufacturers, military industrial complex, etc.
Ripple is just providing a product like any other and a damn effective one at that. So what if they make money on something that works.. they should. And regarding whether people really care what Ripple does, the new investors absolutely do. They legitimately want a real business case.. and they have one. You're painting them as evil, but it's not based on objective facts. Check out my recent article as a rebuttal