XRP is not mineable yet is not a token on another network but rather the coin of its own network centrally controlled by one corporation intended for profit, manipulated and grants Ripple (the company) access to freeze funds and fully control the system. Blatantly Ripple has shown that XRP is not used in their solutions being marketed towards banks currently and still does not have XRP being used by any major entity that identifies as a bank.
A centralized cryptocurrency does not solve the problems of the financial system in regards to the benefit of everyone. It merely provides a bit faster and a little more secure digital avenue already used by these institutions. Instead they have also succeeded in convincing “investors” that they can become rich like these banks are by joining “their system” early, before it starts being used.
My belief is that they have no intention of using this system except for possibly the biggest “pump and dump” scam this market has seen yet which is quite the feat I might add. Perhaps an eventual massive dump of this token, as it’s not being used for anything, and moving those billions of dollars straight into an alternative cryptocurrency they see taking a hold to secure a position in it the only possible way to do so. To buy in.
Banks are the enemy. If you don’t realize that now you haven’t been here long enough. “It’s a big club and you ain’t in it.” -George Carlin. There’s a new club forming and they are trying to trick you into joining theirs again. Don’t fall for it.
is the best coin for the banks and they will invest in xrp if we invest on this coin we can be part of the banks project
I made my 15X profit and sold it. Moved the profits to long term holds and probably will never look at ripple again.
Ditto. I used them as well. Too risky now to add it to any portfolio or keep it on an existing one.
ripple xrp is the golden child, and if banks are your enemy your fighting a losing battle
Edit: and talking of pump and dumps hmmm bitcoin was 8000 shot to 20000 then back down to 10000 in a space of like a week, Hellooooo any body in that brain of yours ?
and this patteren, bitcoin takes 2 steps foward 1 step back and each time bitcoin is feeding bitcoin cash and bitcoin gold.
Your view on ripple is misinformed at best and bordering on FUD trolling at worst.
What you call a "little faster" is actually one of the fastest for largest volume. Also what you call a "little safer" is actually grade A safety if not cutting edge. Not to mention the fact that ripple team knows what they are doing
My point is XRP does not provide anything other cryptocurrencies do as well. Knows what they are doing? That's just like your opinion, man. -Dude
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