Rethinking...

in LeoFinancelast year (edited)

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Don't do it! Do whatever you want of course. I actually did a lot of research on Ripple when I was first getting into cryptos. The thing that really turned me off was the fact that they were so heavily influenced by the banks. It seemed like it was the anti-crypto crypto. Part of what drew me to crypto was the kind of underground nature of it and the freedom it gave you from institutions. While I agree that some regulation is necessary for mass adoption, Ripple just always felt like the equivalent of a NARC to me.

Lol. Too late.

And those are the same reasons I stayed away. But, I’ve clearly grown & evolved over the last few years.

The whole rebellious anti-establishment stance has been fun. But there comes a point of maturation where you gotta look at what actually serves the most people.

Believe me, there are very strong reasons for my shift in the fundamentals. And not just from the perspective of wanting financial gains...

Good luck! I hope it works out for you. I am banking on WAX to pump. Even if Ripple does well, other chains will probably follow.

Tagged you on Steemit in a relative comment. (Not sure if you’re still active there).

Ah, yep, just checked it out. I do agree that bitcoin is much too slow to be the transfer Go-to for most people. That is why my first crypto investment was LTC. Faster and less expensive. I think there are better options out there that don't have the stigma associated with Ripple. That is just my unprofessional opinion of course.

Keep in mind, though:

The stigma is amongst a very small number of crypto maximalists that tend to be heavily leaning towards borderline-extremist libertarianism / anarchist philosophy...

They are total minnows in the ocean of the global financial system.

Food for thought... 🍎

Wow, this is a very lengthy blog and quiet resourceful. Thanks for sharing.

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Thanks for sharing

The same has been said about Bitcoin countless times.

Take a look at the infrastructure and partnerships that've been developed for both.

All subjective criticisms aside, Ripple has been building out working solutions to major problems in the global financial ecosystem that Bitcoin has not and cannot be scaled to effectively solve.

The type of reasoning presented in this article is why I haven't touched XRP since discovering it 3.5 years ago.

However, upon having had a great deal of experience and exposure to more of what's been going on in crypto since and taking another look at what Ripple has been working on since, there is plenty of reason to reconsider.

There have been very significant developments since that article came out 15 months.

Those who've committed to subjective judgements based on fixed philosophies years ago may still have their minds closed to Ripple until this day. Though objectively, it has some serious technological advantages over Bitcoin and several other cryptocurrencies out there.

It's great for questions like those in the Forbes article to be raised. Though there are several other perspectives to it and far more detail to the complete bigger picture...

no it hasnt been said the same bout btc cuz btc doesnt even want to be a bridge currency. btc is btc.

I meant it's been said countless times that 'BTC is a scam.'

lol :-)

good discussion. Ripple is a great concept and good coin but the problem with ripple is it is not decentralized as the majority of ripple is owned by the Ripple company itself

I don't like ripple. It is the very epitome of what I hate, but there is no doubt that these guys have connections aplenty and offer just the kind of crap that the powers that be would lap up like tequila body shots at a bachelor party.

I say they got a fair shot. I invest in several things that I don't like. Sometimes it's smart :-)

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