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Zaki

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  1. Thank you for this very thoughtful response Rabbit. I originally invested some money in XRP back in March because I was enthusiastic about Ripple's idea of handling bit payments for banks. However, I gradually, through delving deeper into the cryptocurrency space became convinced that decentralization will have truly disruptive consequences, eliminating both FIAT money and banks altogether. I have developed the argument in some depth in my first post in this forum: "Why Ripple will fail". I find day to day movements in cryptoprices almost meaningless, as they are so volatile. However, I do feel that the static development of the XRP price over the last 6 months (and this was the main point of my latest post) in an otherwise very bullish market gives us some empirical basis for saying that this development could spell trouble for XRP. That's not meant to be an absolute statement, but right now, things are not moving in XRP's direction. I think it's hard to claim otherwise. The comment about wanting ARGUMENTS on the table was made in a response to a user who simply wrote: "I don't agree with your opinion", which of course says precious little. Incidentally, while I have not formally been a member until a few days ago, I have actually read many posts in this forum since June, so I kind of consider myself a bit of a member even though my contribution to the forum has been modest. In any forum for enthusiasts like this one - which is a forum about XRP and Ripple - there is a risk of confirmation bias creeping in. Anything which is perceived as negative is immediately dismissed as FUD. Whether it can legitimately be dismissed as FUD or not, however, depends on the argument put forward. Best to all and good luck out there in this weird crypto world. :-)
  2. Why was I blocked?

    Hey guys, I have been reading posts at this forum for over 6 months now without formally joining the group last Wednesday. As I have written in my posts, I am someone who started off being optimistic about Xrp but gradually lost faith that this currency will become one of the big players of the future. Earlier today I posted a message and I got a e-mail from the moderator because, apparently, I had not posted under the right topic. After this, I could not longer respond to anyone who had commented on my post. Meanwhile I can answer other people's posts just fine. It's only my own post and the responses to it, which I can't answer to. Is this something other people have experienced? Best, Zaki
  3. Because they currently get a better deal in the bank. But that won't be possible if the bank is out of business and if most people hold money on a crypto ledger, the money is kept out of the control of banks.
  4. Yes, they also loan out money. But what money is there to lend out if hardly anyone deposits money in the bank?
  5. Sure, so the BTCs and other coins' scaling must improve and of course it will.
  6. Well, just as the internet could only handle small amounts of data when it was first launched, I - strangely enough - believe that scaling issues will be solved. Check out this video for an in-depth explanation. Antonopolous is someone well worth listening to.
  7. I think you got some minor details wrong, but this post is one of the best I have seen in this forum. The big picture is exactly right. Xrp won't become a dominant protocol in the future world.
  8. Ok, you are certainly entitled to disagree. But of course, some actual ARGUMENTS would help move the conversation forward. Best to you.
  9. I am referring to the fact that decentralized blockchain allows peer to peer transfers of cryptocurrency and possibility of storing cryptocurrency on a blockchain rather than in a bank. If the explosive development of these protocols continue, both national currencies and banks will be out of business because no one will want them /deposit money in them.
  10. Peace all, I know this is a forum for Ripple/XRP fans. And I used to be a fan. However, I can't help to see the writing on the wall for XRP. Decentralized protocols designed to bypass banks altogether are on the march and rapidly gaining market shares at the expense of XRP. Back in May, XRP captured over 20% of the total coin market caps of all coins. Now that has fallen to a meager 2%. Something has to change - and change very soon - if XRP is going to become one of the dominant protocols. As I see it, speculation alone can drive prices up for a while, but in the end, only the coins, which have a real case use, will really grow big. Remember, Ripple, the company, is already a huge success. But we, small-money investors, won't be able to afford any Lambos if XRP doesn't become one of the dominant protocols. And in this game, some coins will capture INCREDIBLE value. XRP, despite being a great coin design-wise, is wrongly positioned to be one of the winners of this game as the coin for banks to use. When all of this is over, banks will either come out very, very seriously weakened, or basically collapse (I tend to believe more in the latter than in the former). If that happens, and right now it's on track to happen, there will be no need for XRP. XRP is not some minor, irrelevant protocol, let alone a scam. No, it's a major, well-designed coin with a solid team behind it , and and yet XRP hasn't moved up in price for 6 months, despite the market being very, very bullish. The speculation in this space is very significant, as we all know. Many protocols/coins apps are basically useless but because they vaguely have something to do with "blockchain technology", emotional speculators have pushed the prices of all coins up, both serious coins and silly coins. This must also have affected the XRP price and yet it hasn't moved. And now relegated (from number 3) to only the 6th biggest coin by market cap. This spells very, very serious trouble for XRP.
  11. Yes, the best coin for "institutional use". Indeed. The question is whether these institutions will be around when all of this is said and done. Decentralized protocols designed to bypass banks altogether are on the march and rapidly gaining market shares at the expense of Ripple. Back in May, Ripple captured over 20% of the total coin market caps of all coins. Now that has fallen to a meager 2%. Something has to change - and change very soon - if Ripple is going to be one of the dominant protocols. Remember, Ripple, the company, is already a huge success. But we, small time investors won't be able to afford any Lambos if Ripple doesn't become a dominant protocols. And in this game, some coins will capture INCREDIBLE value. Ripple, despite being a great coin design-wise, is wrongly positioned to be one of the winners of this game. The banks will either collapse, or at best, come out very, very seriously weakened when all this is over. If that happens, and right now it's on track to happen, there will be no need for Ripple.
  12. Wall Street guys, uhm? The whole world has a lot respect for them because they are loaded, right? Well, here is my take. Bitcoin - that little ridiculous project - is going to teach the whole world a lesson it's never going to forget and which will talked about for CENTURIES to come. And the Wall Street guys, too, won't know what hit them until all this is over and cryptos has transformed the whole financial system INSIDE OUT.
  13. Right. Nobody KNOWS where bitcoin will go. But bitcoin, while simpler than other cryptos, is rock solid at doing the simple thing that it does, that's undeniable. It's also the most tested and secure system out there, which doesn't mean it can't fail. But it does mean that it's less likely to fail than just about any other crypto. Simply for being the first mover, and because Satoshi Nakamoto was the first to solve the double spend problem, bitcoin will forever have a prestige - even if it ultimately fails - that just about any other crypto out there will be hard-pressed to ever achieve. Bitcoin might not be everyone's favourite coin but both the protocol and Nakamoto deserve our respect. Without them, I doubt we would be here...
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