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supesripple

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  1. why not just create a system where anybody can convert from one currency to another, rather than building something that only corporations can use? Right now, you can send coins to anyone by knowing their address, but you only send that specific coin (eg. bitcoin). But why not Ripple create a service where you specify the coin/currency that you want the receiver to receive, and the Ripple Network does the conversion from whatever currency/coin you used? And ANYONE can use it, including banks, which is better than just hedging your bets on banks. I would argue that this is a much better model.
  2. You laugh at this now, but when Lightning Network comes online and it's instant and virtually feeless, then what? Every other altcoin (except maybe privacy coins) becomes redundant. Up till now most coins (not talking about utility tokens) use case is "faster and cheaper than bitcoin" - when that is no longer true... (fill in the blanks). And before anyone says Lightning Network is vaporware, live payments have already been made... production release is imminent (just google it - even I was surprised how close we are).
  3. You're so wrong. Bitcoin is the most powerful currency in the world (ignore alt coins for now), compared with fiat. Fiat is "backed by a promise" of government services. As you said, most of it isn't even real because it's made up loan money, and they can keep printing that stuff so it has an infinite supply. Most importantly it can be confiscated from you (like they did in Greece), and it can be devalued because of whatever flavor of the month government is in power's economic policy or whatever wars they start. Bitcoin on the other hand is decentralized. It is "backed by decentralization and math" - the 2 most powerful concepts ever, because it is immutable and not affected by governments. As for Bitcoin vs alt-coins, sure many alt-coins are better "decentralized currencies" but they have competition. Ethereum used to be the best, but Cardano, Ardor etc. are rising up and are "better" than Ethereum. Dash is a better currency than Bitcoin, but is it better than Litecoin? The only coin that has no competitor right now is Bitcoin, because it's use case isn't "because it's the best crypto", it's use case is "because everyone in the decentralized economy trusts it has the most value" - and in this regard it has no competitor. While so much money is pumping into our economy and specifically into Bitcoin, that top spot won't be toppled soon. Also, Bitcoin is the reserve currency of the decentralized world, so you can't even buy most other coins without bitcoin, that in itself makes it the most valuable decentralized currency.
  4. What??? Amazon confirmed? I have been searching everywhere for this confirmation. Proof please!
  5. No, I'm not asking how hard is it to open an account on Bittrex. I'm saying "it's easy to open up an account on Bittrex if you want XRP, why would coinbase make a coin pump so hard". If I want a coin, I just open an account at a place that sells it. I opened on Cryptopia just to buy Electroneum, for example.
  6. You make some interesting points that I will ponder, especially about going back to a "gold standard". I do think that countries will have some sort of national currency that will be in a crypto form, but its use will be limited to paying for government services and for paying taxes. Just like tokens have value because it is needed for a particular underlying service, the central bank token will be needed in order to transact with the government. So while I think that many smart people WILL store their wealth and transact mainly in a decentralized currency, people will also need to transact in the national centralized currency too.
  7. I hope the price crashes, because I want to buy more. :-D Can someone explain the whole coinbase thing? How hard is it to open up an account at bittrex and just buy XRP there? Not getting how coinbase will make a coin pump almost x2. Amazon news I get.
  8. Two counter-points: Monacoin and Omisego. They are already being used to buy goods and services across Asia. Think of internet ecommerce. It started off with a poorly designed single store. Now every retailer in the world has an internet page - but it took time. People will flock to cryptos when it becomes better to do so. It is already better, because my fiat was doing nothing sitting in the bank, but in crypto it's gained me over 100%. People will change to crypto naturally because it's better. Centralized currency is such a joke. When I was a kid, bank accounts were free and I earned 10% interest. Now you get charged every month, charged for every withdrawal, get 0.01% interest and they lend your money without your permission: $14 for every $1, so $14 of fiat out there is fake money made out of thin air, then governments just willy nilly give to corporation and banks to bail out billionaries with golden parachutes. The centralized system is a shackle to us. When people wake up to this and realize there is an alternative which is not controlled by all these evil people, they WILL switch to it, because you'd be stupid not to. Fixed supply currency is the way to go. If the gov't decides to bail out some failed bank with a fixed supply currency, everyone's valuation will go up like it should. With inflationary fiat currency, gov'ts just print more and the value of your holdings go down. It sucks to lose like that because of the actions of evil corporate CEOs.
  9. I spent a long time last week thinking about decentralized currencies and the US Gov't. I think that many countries will embrace crypto and crypto will evolve so fast that it will reach a tipping point of adoption. I don't think governments will collapse, they will just adapt and have to live in a new reality where the only thing they can do to us is tax us. Everything they need to do to function can be paid for using taxes. I have no concern. When that happens, and many of the main countries switch to decentralized, then I no longer think it's beneficial for the US to ban decentralized currencies, because its reasons for doing so - which is using the US$ to control banks, no longer has any power. If other countries are decentralized, they by definition cannot be controlled by the US. Another push toward decentralized currencies. Then I think the US will just naturally move to decentralized currencies. As for centralized crypto - I think the idea is laughable. I know several central banks are already considering it. I think it may be useful as a means of procuring government services - and for that there may be utility - but no-one will want to store value in it. Who wants to store their savings in a currency that can be manipulated by a third party? Only the naive and insane. The only way I see a centralized crypto being able to compete with decentralized crypto is if there is a fixed number of coins. If it is an inflationary coin, then the centralized currency achieves nothing - it's back to where it started. But even if a gov't is smart, and issues a fixed limit centralized currency - can you trust it? They might decide to change the code and make it inflationary again.
  10. Very interesting post. Thanks. It's true that alt-coin value is currently tied to bitcoin. We saw that the last weekend when every alt-coin plummeted because everyone sold into bitcoin. Bitcoin is the reserve currency of the decentralized economy, so that is unavoidable. However, as the decentralized economy matures, the link of value between bitcoin and alt-coins will decrease. Right now it's because the masses are piling onto bitcoin. Earlier this year, I think bitcoin only had about 45% of the total market cap - now it's about 63% because of bitcoin mania. But in the future, I believe we will have tokens that represent services. What that will do is lift up the standard of living of poorer countries and lower that of richer countries because if the value of service is tied to a token not to the location of the service like it is now, then the service becomes borderless. When we have mass adoptions of the use of tokens for this particular service, then the price of bitcoin will no longer affect the price of this token. Bitcoin will be used as a store of value, and people will convert to whatever tokens they need to use whatever service. In this world (20 years in the future?), I don't see where XRP in its current form fits. Who knows who's right about the future? It's all an intellectual exercise at this point, and people should see my thoughts as just a prediction. I may be wrong or right.
  11. I think we're saying the same thing. I hold XRP, as I think it has a future in 2018-2020 timeframe. Not sure about 5-10 year timeframe. Look, the reactions of many of you affirm what I already believe about the "typical XRP hodler" - that is you still believe in fiat because you think the big monster it has become is impossible to kill. But I think it's a matter of time and awareness. I see central banks like newspapers. Nobody forced people to abandon newspapers, it just happened - because reading news on phones was so much easier and better (interactive etc.). Decentralized banking is so much better than centralized, because when the next time bankers try to bankrupt the middle class using fiat like they tried to do in 2008 and then Gov'ts have to bail out banks with fiat, people who are in decentralized banking won't be affected. That's why bitcoin was born - in 2009 - because of all the BS of bankers and gov'ts. Having your savings in a decentralized currency that isn't affected by governments or greedy bankers is good for the middle class - that's why the middle class will embrace it, regardless of nostalgia for fiat.
  12. The greatest threat to the dream of decentralization are governments, I agree. I don't think central banks are a real threat. I think that so long as governments find a way to tax crypto, and be able to function, then crypto won't be stopped. That's what I believe. I also believe however, that the US will not give up the power to bully the banks of other nations so easily, and the US is really the only country that has that power - so it's an unknown what the US will do about crypto should the danger of mass adoption become real. However - if it becomes real in most other countries - then the US has already lost its power to control other countries.
  13. I actually read up about hyperledger and why it's substandard because it abandons the power of blockchain by trying to compromise key parts of it (eg. the token). Then it dawned on me that Interledger is in the same situation, and I put two-and-two together on why many crypto investors hate XRP because it's distributed ledger, not the full blockchain. Now, that doesn't necessarily make XRP a bad investment.
  14. but it's already happening!! Maybe your statement was valid 4 years ago, but decentralized banking is the fastest developing tech in the crypto world. It's already replaced banking for many people in Zimbabwe and Venezuela.
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