Let’s establish that there are ultimately 2 types of Blockchain investments.
- Investments in blockchain currencies.
- Investments in businesses using or catering to blockchain.
What I am seeing a lot of on social media around Ripple (and many other projects for that matter), is investors not understanding which of these two investments they have made.
This is not a new phenomenon, as an early contributor to Dark Coin, I saw first hand as my investment turned from investment into a cryptocurrency to an investment in a company (DASH). When one becomes the other, does this distinction really matter? It matters if the company can succeed simultaneously with the currency failing. Disclosure, I no longer hold DASH.
Ripple hodlers need to ask themselves a couple of questions.
- If Ripple the company succeeds, how does the Ripple token benefit?
- How can the Ripple currency succeed without the company behind it?
I can’t answer either of those questions with something investable. If you can, please comment. If you've enjoyed this insight, please visit my blog at capitalistdog dot com