I'm not sure what's going on but from reading what you stated above. Even if XRP did deal with the centralised systems it does not make it centralised as it's still blockchain technology which is decentralised. The fact that the banks will deal with them I think is a benefit to crypto as this is a step towards crypto for the banks.
Either way we have invested and we will HODL, the return on it was been substantial to date and I have faith it will continue. My only annoyance is why didn't I buy more.
I bought some at 0,60 Cents and I will HODL too, but the thing is.
All Coins were premined and nearly 55% are in the hands of Ripple Labs, if I am not wrong. But they escrows 55Billion XRP for Supply Predictability . have a look at This.
Most of the banks who works together with RippleLabs only using the xCurrent technology. For using Xcurrent (QuickMoneyTransfer)There is no need for using XRP/RippleCoins. I think RippleLabs hopes to become something like a bridge currency. So it is not necessary for the bank to put money in the XRP Cryptocurrency.
If it is a benefit or have an impact of the XRP Tokens depends of which side you are. Darth Vader or ObiWanKnobi ;) Bitcoin or Ripple
Let us HODL and relax!
I think there needs to be a bridge between the two so that both sides can relax a little lol.
We did notice before investing that there were a huge amount of it out there and our concerns around the 60% ownership and the ability to dump at anytime is the main reason we didn't invest more.
Never invest what you aren't afraid to lose.
@moriartyroue Im curious which you consider Darth Vader and which Obi?
. Never invest what you aren't afraid to lose. You are right with that quote. :)
Which you consider Darth Vader and which Obi depends on your Ideology, so everyone have to decide that for themselves.
I think they are on the same side, be it light or dark yet I do not know, but I am hoping for the light!
Actly they are not. If you interested in the easiest way would be to read the white paper of Nakamoto about the Bitcoin and compare it to the Ripple ideology