Bankers Getting Interested With Ripple: A Good Thing or A Bad Thing?

in #cryptocurrency7 years ago (edited)

Most cryptocurrency fans, especially the early adopters are hating on Ripple because Ripple is made for the centralized system.

It takes its' power from the banks, and helps banks compete with cryptocurrency transaction speed, and lowers the cost of transfers.

While Ripple is good for the people who use banks, what Ripple is doing is completely opposite of what other cryptocurrencies are trying to accomplish.

Bitcoin and other cryptocurrencies started to become very popular, because banks and governments did not always cared about the interest of the society in general. The biggest banker families like House of Rothschild, and House of Morgan does not have a very good reputation among the aware. You probably know why...

Decentralization is the fuel and gas of this revolution.

But we should ask ourselves, can Ripple really help bankers continue to foster? In my opinion, maybe a little, but in the long term it can not. Why? Because people are sick and tired of centralized systems, governments, politicians, and bankers.

Will people adopt decentralized platforms, transactions, and living more and more? Definitely.

Unlike most cryptocurrency fans, I don't really hate on Ripple. I'm not really scared of it, because it doesn't have the power to stop decentralization. I don't like the fact that its' taking it's power from banks, I don't like the fact that its' helping banks, I can only be happy about people who have to use banks in order to transfer money, using Ripple's infrastructure.

I also think that Ripple is also good for the cryptocurrency market cap, because some of the bankers who hear about Ripple, will also invest in other cryptocurrencies, and this will help the community, the makers, and the public in general.

So, in my opinion, it's really important to reflect on the positive outcomes, and the negative outcomes of Ripple.

People are becoming more aware about the hidden secrets of the centralized system in this age of information. The secrets can't be kept hidden anymore. And no cryptocurrency or technology can help bankers stay as relevant as they did before.

Cryptocurrencies are only in the beginning phase of disrupting a system that was governed by a few people.

And nothing can stop this revolution!

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XRP is like the gateway for the dismantling of cryptocurrency. I'm sorry for the people who are all in--but it's just the worst worst worst investment if you can make if you care about the amazing things crypto can do for our future. Good post :)

Also--beyond investing--people can vote. If we can get people in political positions that cannot be bought, and embrace crypto tech, and create laws that protect it instead of trying to get rid of it, everything will get better.

I think Ripple fans are only trying to make money from it, that's why they push their love for it :) No real cryptocurrency fan can support it otherwise :D

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