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RE: Crypto Predictions - 12/31/2017
Do some more research dude.
The banksters behind Ripple the blockchain, are not committed to using XRP the token in the future.
The version of Ripple blockchain that the banksters end up using will be a private version. You thought the horse would change its spots and let you participate in what they view as "their rightful profits"
You are naive. Banksters have no intention of sharing with you. They have the intention of continuing to shave percentages, which is their basic business model.
Do some more research before you keep spreading positive news about XRP the token.
You don't seem to have cited any research whatsoever. Sounds more like a hunch mixed with some sort of animosity toward bankers.
https://steemit.com/cryptocurrency/@primeer/why-ripple-token-xrp-is-terribly-overvalued
http://mashable.com/2017/12/29/ripple-currency-is-not-actually-currency/#5mg1vE0_ugqt
https://www.forbes.com/sites/ksamani/2017/12/20/the-bear-case-for-xrp-bitcoin-futures-edition/#3296489914e6
https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog
If you haven't seen the fable about the scorpion and the frog, pointer is above.
I have no animosity towards bankers. Just as I have no animosity to scorpions.
But I have enough experience and wisdom born from years, and enough common sense to know that:
The reason why an investment in XRP tokens is guaranteed to eventually lose you money is no more complex than that.
Every animal has an innate nature it cannot run away from or hide for long. Including bankers.
Stated differently - the bankers will definitely find a way to use ripple blockchain technology to become more efficient at cross border fund transfers.
But they aren't going to share that increased efficiency with "Joe Public". They will take increased efficiency into their margins.
They are corporations. They exist to make a profit for their shareholders. They don't exist to pass on windfall profits to "Joe Public" dudes, who happened to buy some XRP tokens with dreams of getting rich without having to work for it.
That doesn't make bankers "bad". And "profit" is not a dirty word.
But you shouldn't reasonably expect that you are going to get rich for doing nothing, while the bankers and Ripple Inc are working hard and spending research dollars on innovation.
If you want to make crypto profits, you need to be investing in public blockchain projects, that have a reasonable chance of linking into the real world of $$ flows.
I understand your position better now. It's a valid argument. For now, I think XRP holders' interests coincide with the Ripple Corporation (both have an interest in XRP's value increasing - it gives credence to the company and constitutes good publicity). However, if they ever do want XRP to be widely adopted as a currency (as opposed to an investment vehicle), they may try to implement some sort of monetary policy to control volatility (which is highly undesirable in a currency). This could have the effect of limiting XRP's profitability to the holders, to the benefit of the company.