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RE: The Ripple Plan: Profit From This Move

in #cryptocurrency7 years ago (edited)

Another good reason for the rise of Ripple is the institutional acceptance of this currency because it is an instrument for access to centralized blockchains that allow to reduce costs and therefore fall within the current economic or rather financial logic... I think that this is the main reason, a short-sighted that is characteristic of a speculative economy where the main players seek to profit from the liberation of wealth by doing so only at the expense of preexisting wealth (by reducing inputs to increase return on investment without having to create new wealth). The end of this process only becomes evident when there is no more wealth to release and the financial house of cards collapses. Maybe there's no plan at all... or maybe the plan is to go pushing the problem forward... or maybe I'm just being naive and your intelligent analysis is entirely right.

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This is spot on, and what I was roughly going to mention. It is solving a real world problem, and if you treat this like stock, it is a sensible company to invest in.

We can talk about how ripple is not really a stock but that would be a whole other discussion hehe...

Their website specifically mentions not to speculate on it. That's because in the long run, the use cases only work if the coin is stable, not if it becomes as volatile as Bitcoin.

Truly a great comment, worthy of topping the list. Here's my vote.

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