01-19-2018, 03:35 AM
(This post was last modified: 01-19-2018, 04:08 AM by JackOfHearts.)
Look at what they do concretely now, look at Ripple, the bank I use every day have partnered with them. Ripple is not decentralized, they can pretend it is but it's not.
At best what I see them doing is taking Bitcoin innovation, remove the innovation, call it block chain and sell it to guys who don't know how it works.
And their strategy made them rich, look at Ripple, it's on market cap when it's shouldn't be as it's not even a legitimate cryptocurrency.
https://www.youtube.com/watch?v=SMEOKDVXlUo
I encourage you to watch this video, it explains that very well.
https://youtu.be/SMEOKDVXlUo?t=7m20s It start to be interesting here.
https://youtu.be/SMEOKDVXlUo?t=14m40s conclusion here
https://youtu.be/SMEOKDVXlUo?t=17m50s Ripple description
PS: And that's even without considering the huge premined coin reserved inside Ripple for the company CEO and partners.
Also notice that even with so much banks who have partnered with Ripple, they still don't offer the possibility to exchange directly your $ for XRP. Which mean they probably don't want the crypto market to grow which isn't surprising.
Instead they are have created KYC to prevent money going into crypto easily. And KYC itself isn't really needed because they know already who you are once you do a transaction with a credit card or with Bank transfer (wire/Sepa/swift)
At best what I see them doing is taking Bitcoin innovation, remove the innovation, call it block chain and sell it to guys who don't know how it works.
And their strategy made them rich, look at Ripple, it's on market cap when it's shouldn't be as it's not even a legitimate cryptocurrency.
https://www.youtube.com/watch?v=SMEOKDVXlUo
I encourage you to watch this video, it explains that very well.
https://youtu.be/SMEOKDVXlUo?t=7m20s It start to be interesting here.
https://youtu.be/SMEOKDVXlUo?t=14m40s conclusion here
https://youtu.be/SMEOKDVXlUo?t=17m50s Ripple description
PS: And that's even without considering the huge premined coin reserved inside Ripple for the company CEO and partners.
Also notice that even with so much banks who have partnered with Ripple, they still don't offer the possibility to exchange directly your $ for XRP. Which mean they probably don't want the crypto market to grow which isn't surprising.
Instead they are have created KYC to prevent money going into crypto easily. And KYC itself isn't really needed because they know already who you are once you do a transaction with a credit card or with Bank transfer (wire/Sepa/swift)
