Hello guys, what do you think about ripple? I think it’s a centralized shit which is interesting only for banks and so on. However it is growing and people still believe in it. why?
Ripple is one of my favorite crypto assets and I don’t think its shit. It is a complete game changer if we are talking about real time transactions between different fiat currencies. I agree that it is not wholly decentralized, but in my view that’s how a cryptocurrency should be in this world run by democratic governments.
I agree that it is mainly useful just for the banks and other big financial institutions, but you are forgetting the point that it has a well established use case unlike most of the cryptocurrencies out there and is backed up by one of the most well-known companies ‘Ripple’.
if everyone only holds a certain coin just because they think they could make a profit from others and there's no real use case, does it sound good to you? Pretty much speak a lot for Ripple's state right now.
A company like ripple that’s backed up by so many banks and money giants doesn’t really need small investors to invest money in and make it expand. It’s a crypto asset that has a classic real world application and would survive in the market with or without the money of the people who are just here to make some easy money. So, I would say ripple’s state is pretty good right now at least for the people who are in this for the long haul and not for short term minimal profits.
