That's such an articulated reply I have seen in a while on my posts.

You are right about that we still need to cover some distance to get to an established position. In an another post I have attempted to explain why this chaos is all over the crypto market (I will just drop the link for you in the end).

But the thing is that people has dropped everything into it and made it chaotic. Have you ever imagined that people would drop their money into something that doesn't exist? Guess what, companies from across the world have raised more than $1.8 billion this year via ICOs literally with nothing on ground. While being warned by governments and regulators across the globe. But they still are allover it.

Another thing why we see this chaos is due to 'small user base', the more user the less volatility. So, this isn't something that is inherited in the tech rather market dynamics. Which is a good thing. The buzz is huge, it won't take long for us to get to that established position.

Now a word about Ripple. Banks without Blockchain are bound to doom. They are far behind in technology even IMF chief Christine Lagarde admits that. Some Bank have started their own Blockchains other are in the process of issuing their own currencies. If Banks has to operate via Blockchains they will need a currency. So, countries will have to move towards cryptos. Which is why most of the countries and their central banks are eyeing on issuing their own currencies. They are more comfortable with issuing their own currency than operating via a centralized platform like Ripple. They can have their own centralized platform. Their simply no incentive that Ripple offers other than being 'already built' motive.

I guess this is getting lengthy. I will have to stop here :)

https://steemit.com/bitcoin/@ghayas/is-cryptocurrency-madness-finally-over