Yes I understand but I still disagree. Of course, like I mentioned previously, this is not a black and white issue. Still, I think I add value by making these arguments as I still don't see the connection of some of the previous comments to reality. Even Ripple's marketing material seems to contradict the logic behind them.
So some more food for thought and probably end it here. No point becoming bothersome plus I wanna look into other threads as well
If there is such a way to get many many people into a system that is exhangeing value in a given currency (liquidity) then you’ll increase that liquidity and make it easier to get in and out of a given currency. - Which Ripple solution does this for many people?
Lack if liquidity (which is also a technological issue) is a major problem. - Ripple wants to solve this issue for intermediaries. Not individuals. Yes, to some extent some capital can be freed but there is generally an overestimation in some of these threads, regarding the impact on the everyday life of a citizen. Those savings are far more likely to manifest as dividends and bonuses and investments back into operations, than any grand benevolent financial inclusivity scheme. Here's a counter example greater automation = greater global and evenly shared financial prosperity ? Actually no. Primarily we only see the top tier wealthy getting wealthier and corporate tax evading coffers and/or treasuries growing.
Liquidity had given the United States power and authority since after World War II. Liquidity is key. I would argue that the US is has acquired those things, through the number and size of their weapons and the fact that they spend the most (by an obscene amount) on defense, as compared to any other nation. I think given the circumstances, this argument explains more than the argument of liquidity. Military US might is partly if not mostly responsible for the enduring power of the dollar. Then follow American industry and the acquisition of intellectual capital, which is what I admire the US most for.