Reversing of the massive wealth transfer
An interesting conspiracy theory - and for some this may strike home. After all XRP is a centralised crypto, and not decentralised like the others. Nothing really explains its meteoric rise recently beyond increased demand.
I am new to all this crypto. I investigated Bitcoin when it was going up to $300 and believed a tangible asset would surely be a better investment so bought a few silver coins instead.
Of course, silver has languished and Bitcoin has risen to (in my mind) ridiculous heights. I could have made heaps of money ..... Oh well.
I just cant understand much of a difference from fiat. If fiat is based on nothing but electric (non-existent on a computer screen) and your wallet security, surely Crypto is based on electricity and wallet security also. I know some would bring up rarity, but banks create that artificially anyway (hence booms and recessions). When something like the above theory raises its head though, it brings up an interesting answer to how banks were planning to kick the can down the road and lessen their exposure to derivatives. Just make an even less tangible asset than money and drive the people there. Its actually a double bonus for them because gold and silver get ignored and go down because people invest in the next 'latest thing'.
Oh, and yes, I understand the irony of me getting Steem on this site :-)
What if I told you that it's a system designed by banks for greater control. Currency directly linked to individual virtual profiles.
I would easily believe that
I did good with investing in xrp last may 2017 and it jumped quick to .30 usd. I used the proceeds to fund multiple cloud mining via eobot, genesis, and hashflare, i noticed that ripple didnt seem to follow the growth patterns of the other altcoins as much. It was stagnant where other coins would grow. Thanks for the post. Definatly makes one think twice about xrp.