I'm no "crypto" expert. But the simple fact that Ripple is being used by/for banks says it all, doesn't it?
Centralization = banks
Decentralization = no banks
Centralization all the way, so it seems.
My feeling is that Ripple enables banks to jump on the crypto bandwagon, so they can try to restore their reputation. This is too late though, in my opinion.
Here's a few questions:
Why do you primarily use the blockchain for?
What makes it so attractive to you?
What I love about blockchain technology the most is that it enables people to "be their own bank". I also like the idea that we are part of something big. A HUGE financial revolution in the making.
Together we can build a better financial system. One that is more independent, accessible and fair.
Banks, as we know them today, are DEAD. Ripple is probably one last attempt for them to survive.
While I was initially tempted to invest in Ripple, the more I read about it the more I realize it doesn't make sense (to me).
Buying Ripple would be against my values. And also, I believe, against the whole purpose of blockchain technology just outlined above.
Besides, if we want to create something new, the old needs to go away.
So why still fuel the old system when it's about to collapse?
Cheers!