It's great that so many of the 'true believers' in the crypto-sphere are so ideologically passionate about this, which is the only explanation I can come up with for why Ripple isn't already far higher. But having such a passionate anti-bank stance is self defeating because the ONLY way crypto will go mainstream is if people can buy a loaf of bread with a currency that won't drop in value by $1000 overnight and make it twice the price. At the moment the kind of volatility we're seeing while this is in its infancy is like a hyper-hyper-super-mega-inflation/deflation cycle on steroids that happens extremely quickly. These are opportunities for traders and speculators, but not for every day people to spend.

In fact I even wondered if the very fact that XRP is controlled is allowing them to intentionally keep the price so stable, because stability will be a major selling point, and it's absolutely vital. But I don't think so, I think hype and excitement plays such a big role in the growth of coins that it really is more about this ideological rejection of it.

The cat is out of the bag, this is no less than the internet of money being born, so all the democratisation the idealists (me included) are wanting is going to happen. But it all comes down to the front end. Day to day use will be primarily smartphone based like Apple & Android Pay, and you will use your multi-coin wallet of choice and pay with whichever coin you feel like on the day according to which is highest at the time of purchase. Everyday people will have direct access to the markets and be able to basically profit from their ups and downs on the fly just by paying with the coin that's highest, little and often that could really make a difference.

So it's really irrelevant. Personally I think if people see it as an evil (I don't actually, they just have their heads in the real world), then better to just see it as a necessary evil.

Either way, I'm buying up as much as I can while it's still only around .20c. This rejection is strange, but it makes it a very good opportunity to get in quick before it finally does start rising.