3Yr·

@MaxD Shared his opinion on XRP today, so I'd like to send out a quick counter opinion.

The usecase of XRP is to be an alternative to SWIFT and general interbank settlement. That is quite nice. XRP shows the disk swinging banks with legacy systems that it's time to leave the sea and move on to the next stage of evolution. Meanwhile, other systems have already discovered how to run and sprint.

XRP is very centalized and for private users I don't see any useful purpose apart from speculation. Sure you can send value through it, but what for? If I want to send money via a centralized system, there are already enough solutions. These cost me as a customer nothing to little and they much more accessible to the average user. Ripple and McCaleb suck money out of small investors by dumping XRP.

17 Comments

Doomer@Doomer

3Yr

True story. where tip function?

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Nostradonkey💩@DonkeyInvestor

3Yr

@Peichelm This time in XRP

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Max@MaxD

3Yr

So now I express myself but also directly if I am already linked. First of all, thank you for referring to "my topic" and describing your opinion. From the perspective of a private person, I am completely with you. For me, probably nothing would change whether my transfer is made by Swift or XRP. Doesn't change the overall investment case for me though. I also don't care if I put my deposit bottle in a Sielhoff or Tomra machine and am still invested in Tomra because I think they will pacify a market that is growing. And very similar for me is XRP even if my person has no immediate benefit.

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Europoor@Europoor

3Yr

@MaxD As an investor, I would be worried that I would be crushed between Ripple and the banks. As far as I know, the small investors have no say in the network. For the banks, the system works even if Ripple dilutes your XRP to finiteness or makes it virtually worthless through other measures.

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Max@MaxD

3Yr

@Europoor yes, there is absolutely something to it, no question. And I think we generally agree that all crypto investments are currently massively volatile and generally risk-prone. As things stand, I see the danger rather low, because the demand is right and also as a secondary reason XRP has a (albeit small) burn rate to generate some deflation.

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Cassius@DS0711

3Yr

Have a few myself but also see this more as speculation @Europoor your opinion on Iota?

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Nicolas Professioneller Rolls Royce Großaktionär Coole Leute: @leveragegrinding, @SharkAce und @Lorena(aber die ist nen bisschen schüchtern)@getquinfuermerchverkauft

3Yr

@DS0711
"I'm rooting for IOTA. (Simplified) 34% of the computing power is enough to take over the network. Curious if there will be an attack at some point when they take out the coordinator." https://app.getquin.com/activity/haRMHYKqII?lang=de&utm_source=sharing

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Europoor@Europoor

3Yr

@DS0711 Joar what @getquin has written is my state of knowledge. I find the technology really interesting. But they still have to prove that it works in real life. I found the analysis quite useful on the subject: https://mdpi-res.com/d_attachment/sensors/sensors-21-01834/article_deploy/sensors-21-01834-v2.pdf So if they implement their ideas would be great. I don't have enough insight to be able to evaluate more precisely how high the hurdles still are.

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Moritz@leveragegrinding

3Yr

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Europoor@Europoor

3Yr

@leveragegrinding I don't understand why this still has so much hype. Maybe I'm missing something, but what?

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Moritz@leveragegrinding

3Yr

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Europoor@Europoor

3Yr

@leveragegrinding Joar the post meant with the linking of max above.

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Europoor@Europoor

3Yr

@leveragegrinding I find ICP even worse at the moment. So apart from the project content. The chart screams at you that you should keep your hands off it.

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Moritz@leveragegrinding

3Yr

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Europoor@Europoor

3Yr

@leveragegrinding Joar but with the investment calculus you can then also go into mouth coins and other shitcoins.

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Moritz@leveragegrinding

3Yr

Comment was deleted

Europoor@Europoor