Popular Post facts_dispenser Posted January 24, 2020 Popular Post Share Posted January 24, 2020 You will be waiting 10+ years for XRP to hit 30 USD. Why? Because of a specific buzzword you are sure to hear going around... FINTECH. Let's look at this word. It comprises of two parts: Fin - finance, and tech - technology. There is already a problem here. Finance moves incredibly slowly and is anti-innovation, technology moves very fast and is pro-innovation. Bang. And therein lies the fundamental problem when it comes to XRP: the clash of industries. Let's look at cloud adoption as an analogy. Cloud really took off late 2000's, and are large corporations hosting critical processes in the cloud? Nope. Why? Because they're big and they move slowly. They may host non-critical workloads in the cloud, but on-premise private cloud is still a thing and it's not going anywhere anytime soon. Now with XRP. Banks, especially T1 Banks, are some of the slowest and most clunky of the large corporations, whereas XRP is some of the trendiest and most cutting-edge of technologies. What do you think will happen when these two contrasting worlds collide? I mean, good heavens, Banks have stuck with Swift for almost 50 years for a reason - they really do not like change. What makes you think they'll migrate their critical workloads over to the XRP ledger in 1, 2 or 3 years? Stop being silly. A common criticism: People like to bring up Facebook and Instragram adoption rates by the end user, and like to tout this as evidence that XRP will grow in a similar fashion. WRONG, and it really pisses me off when people present this reasoning, actually. XRP focuses its utility on the backend where no user is directly involved; Facebook, Instragram and the like are focusing on the front-end user. They are completely different beasts. If you want XRP's price to go up, its backend usage needs to increase, to hell with BitPay and small transactions from the front-end users, that isn't what you should be looking for. KevClem, XRPwinning, FreedomGundam and 13 others 4 6 2 3 1 Link to comment Share on other sites More sharing options...
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