Yoda, I’m a fan of your TA skills, but I’m about to give you a piece of my mind. And I was also one of the first to sign up to that membership program you had in mid-2017 (not sure it’s still around). And I’m also a Libertarian like you. And I also agree with you about the whole “conspiracy to control us” etc etc.
HOWEVER, when it comes to Ripple/XRP (what you call fake crypto) vs Bitcoin (what you call real crypto but in my opinion is shitcoin) you clearly aren’t seeing things clearly my friend.
Just a few things you left out of your article (or have failed to understand).
You don’t mention the 60% controlled by Ripple has been put in escrow to be released over the next 5 years. Ripple Labs cannot simply dump 60% on the market and crash it (you probably knew this, but like spreading fud)
You don’t mention the “validators” and “nodes” are set to be released on a monthly basis until Ripple ultimately controls a minority, rendering the coin decentralized. And boy will it be more decentralized than Bitcoin, especially considering that 1000 ppl control 40% of the Bitcoin market. XRP will be much better spread out and decentralized than bitcoin ever dreamed of being.
You don’t mention that XRP (the token) is “baked-in” to the Ripple Labs platform being sold to what will amount to the majority of world banks. And therefore I believe you haven’t realized that the XRP token is backed said Ripple Labs platform which most world banks will be using. It is the only token “baked into” the system. What is bitcoin backed by?
You fail to mention or clearly explain a lot of things, meaning you either 1) have a bias against XRP (even though it has a solid backing of a worldwide use platform) or 2) you haven’t done enough research. And I suspect #1 is because of #2.
Like it or not, you’re not gonna be able to stop it. Bitcoin messed up with bad tech and bad decisions on how to move forward, and Ripple is the consequence (why don’t you write a blog post on that). And no, Ripple/XRP is not a conspiracy started by the banks and the government. It’s a free-market capitalism creation that solves a real world use problem (the slow and costly cross-border transfer of money), a Quadrillion $ a year problem, which is ultimately being embraced by banks and central governments (where the problem is rooted).
Lastly, think of all the money that will be saved on cross-boarder fees and speed of transfer for small businesses and individuals. Money they can use for other more productive things. You’re a libertarian, but you’re having trouble seeing the unseen benefits, ironically something that Keynesian have a hard time doing.
Best regards,
SMan