Ripple probably did one of the best advertisements in crypto history just now
I know most users, me included like to hate on Ripple for being the "bankster" coin and not being decentralized at all considering the top 100 addresses own somewhere around 90% of the tokens.
They seem to really like to do charity work though and this video was just now posted on the Ellen DeGeneres Show where Ashton Kutcher came with some exciting news. Take a look:
Bear in mind that the account has 25 million subscribers and Ellen has even more on her Twitter account. It is great visibility for cryptocurrency in general and Steem also being a platform that does quite some charity work themselves and helps out in developing countries through post rewards and curation projects, this is good for all cryptocurrencies that don't focus all too much on the business aspect this early on and are working hard to become more and more decentralized as that is one of the big strengths for delegated proof-of-stake currencies.
I am hoping to soon see more videos like these and for people to realize the strengths of the new generation cryptocurrencies that similar to Ripple offer instant and no cost transactions. :)
Huge Emphasis on no coins transfer transaction fee, Steem can be an absolute game changer on this field, for example bitcoin cash even through it has a bad rep, is used more frequently between people here in my country Venezuela because paying those 2-3$ bitcoin fees may be dust for some people, but for us down here it means a lot and that's why we use bitcoin to hold value but bch to do small transactions and steem is picking up a lot of heat too down here! there are thousands of Venezuelans here earning sbd and steem and then selling that to exchange houses here on steem that change your sbd/steem to our local currency.
1 sbd is worth more than a monthly wage for example, so go figure :-D
Can you pay in STEEM and SBD in Venezuela? I've seen ads for a thing called Steempays? Is it a service through which you can pay your bills using STEEM or something?
You can not pay directly in Steem/Sbd here in Venezuela, but there are many exchange houses popping up here on the platform that buy your steem/sbd for VEF and they deposit you the money directly to your bank account, its pretty cool. steempays is one of them but to my knowledge so far, there are 3!
That's cool. For Bitcoin, there are services that allow you to pay your bills using Bitcoin. The service provider does the conversion.
It would be impossible to use bitcoin to pay for services here in Venezuela, because for example, in my house, we pay 30.000 VEF for 1 month of electricity and 1$ is around 1.1 million VEF.... water is almost free too, the government subsides most services at the expense of the rest of the economy... Because if you raise services to what they should cost most people earning minimum wages would find themselves on a dilemma between buying food or paying the services.
Another fun fact that hits the pockets of people out in the world is, that a full tank of gas for your car cost less than 0.01c! A full tank cost around 500 VEF! But 1 Kilogram of Meat cost around 2 million VEF! If only you could feed yourself with oil and gasoline :^)
I totally missed the point of the initial comment, we can't pay for services with bitcoin because the fees are way higher than what we are paying for!
My point was that there could be a service that allowed you to pay your bills using STEEM and SBD because those cryptocurrencies have no direct fees.
I didn't know and can't real work my head around this. The gap is gigantic.
In a hyperinflationary situation you have to level up your math skills to be able to do math with insane numbers that you didn't use to work on your day to day basis, imagine paying 1$ for a chocolate bar and in 5 years you are paying 800000$ for the same bar, so goes everything else, its insane.... especially on the elderly, they tend to get ripped off the most because its pretty hard for them to do the proper math.
sad, it is so sad. it is lovely to hear from a local's mouth though, it would be nice to see more of your posts though, looking forward.:)
Wow, as of now I stop whining when my post makes "only" 1 SBD :) But seriously, I was aware of the inflation but this is just crazy.
I don't even follow the inflation numbers anymore, i think the numbers for last year where around 8600% and this year should be worse!
Reminds me of old times in Poland were everybody became all of a sudden a millionaire, but just on/with paper :)
crazy, it IS crazy.
Ashton talking about Ripple, that is interesting lol!)
Even though it was staged, but it's kinda cool.
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What's with the vote trail you have on your comments?
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No doubt ripple made the best adverts but the question is. The usability is gonna keep them behind steem in the nearest future , the fact that steem has a platform { Social media platform } steemit gives steem the upper hand in comparison. Steem was listed by Chinese as the number two and and number one in crypto currency technology.
I’m not hating on ripple at all , I just support my future which is steem
This will be great for Ripple for sure.I am interested to see what happens in future.
Decentralized system is the only way, when the power to the whole system belong to a certain few they can do and undo with no one to check them. I wish one day @ned speaks on Ellen's show. It will really go a long way to help steemit, or what do you think @acidyo
DO we think that Ripple / XRP is going to set a new baseline in terms of market? Since its the only one closest to being centralized and a safer play then most altcoins due to the banks involvment as well as displaying a solid strategy at market disruption and strength for millenials and veteran stock holders to back, who feels that Ripple will pave the way for much of the speculation to dissapate and finally some strength for Bitcoin and others to pave a way of the future in investments?
I do not consider Ripple as a good investment instrument. I do not want to make its advertisement by talking or writing about it... Because of its centralized making, i consider it as a "selfish" enterprise, which does not deserve to reach publicity.
Agree! It is probably the best advertisement cryptocurrencies in general need right now. Too many people holding coins and tokens just for exit. Not enough of them using it. Ashton just demonstrated how $4 million could be transferred to South Africa in instant and with no transaction costs. This is a huge plus.
P/S: What is the TL/DR for Ripple? Can you share your views please?
In case anyone was wondering which app it was, it's Santander's One Pay FX, (thanks reddit!). I wonder if they will have similar regulatory hurdles as everything else that's going on though, because for example there's no way they're going to put this in Venezuela. Still, this use case seems to be a large improvement over existing transfer mechanisms with less hassle.
But yeah, Ellen's audience, can you imagine how many of them don't know about Steem? It's easily the most accessible of all the cryptos as well.