RE: RIPPLE NOT A CRYPTOCURRENCY!!?
If you think it is going to die in a ditch somewhere you are going to have a rude awakening.
Bitcoin purist often are blinded by what they believe.
We are many years away from banks and financial institutions being replaced.
It may never happen.
A 85-year-old man with no computer and that has never touched a smartphone in his life will never own bitcoin or any other crypto.
To completely replace banks the market must move to a position in which the people are ready and able to use that currency.
I work with a man who is 45.
He is a stubborn guy.
He has never used a computer in his life.
He does have a phone but it is a flip phone.
Needless to say, he is not going to be using any of these things anytime soon.
If you look at the spread on the two people just mentioned you will soon realize there is an enormous disconnect between what a lot of crypto fanatics want to believe and the reality of actually replacing such entities.
Not everyone in this society or the world is going to progress this direction.
They sure as hell are not going to do it in the next few years like some would like to suggest.
If you dive deeper into this train of thought you will start to discover businesses that are in this same situation.
Or businesses that will not move their money because it is not insured.
There is far more to consider than the dream a lot of people grasp to as if it is their last breath.
That is a good point worth making as a reminder mate. I'm no 'Bitcoin Purist' as you coined, but considering how young the crypto market and it's various iterations are, it's interesting at the least to see how something like XRP will move forward and evolve. Will this model of centralisation that Ripple has created for XRP prove to be a stabilising feature and a good example of utilising blockchain tech...or would it prove to be more of a hindrance to it?
Read this post that I wrote about ripple and think about it https://steemit.com/ripple/@steemitaddict/for-all-ripple-lovers
lol.. The problem is your post is not based on fact. So let me get this straight. "who is holding the most ripple?" Ripple is, they are a company not a currency. thus far ripple is owned by ripple and early partners like google who entered the company as venture capitalist own a share too.
FACT- ripple has not gone through a ICO.
Fact- Xrp is ripples Currency.
Fact- ripple holds 60% in a escrow account (not banks)
Fact- you have no clue what you are talking about.
If you did you would not be using (ripple) to describe it's currency (xrp)
The rest of your post is pure speculation on your part without any underlying facts.
It's a shame that you have chosen to write about something you have not taken the time to even research.