FUD those "too-big-to-fail" mega Banks that had caused the global financial collapse and suffering of people all over the world, while they got bailed out by tax payer's money which they used to pay themselves big bonuses (even after their failures and crimes), and majority of them didn't see a day in jail -- personally I prefer to see REAL cryptos (supported by a strong non-profit organization, such as Stellar) take over a significant stake of their market, and I will not support a project that is designed to support those financial criminals.
See this thread about Ripple: https://bitcointalk.org/index.php?topic=3096377.msg32237352The founder/architect/designer/brain of/behind Ripple have left the for-profit company and re-built/programmed Stellar from ground up base on what he had learnt while building Ripple -- what is left in Ripple are the executive suit-monkeys. Stellar's network is actually more advanced than Ripple's + it is a non-profit organisation with a much better philosophy to ensure widespread adoption by the common people and small businesses and small banks (starting with the developing countries which are much in need of the solutions that Stellar offers).
1) He claims that Ripple is the only company within the crypto ecosystem that is a real company solving real problem? That's some BS. What about Stellar (which is trying to solve even more real-world problems in 3rd world countries? + decentralized banking and exchanges and it is even supporting dDapps too.
2) And for the investors/traders here, he never explains how increasing XRP use as a bridge between banks, where XRP is bought and sold from and to fiat almost instantaneously (at almost the same price) would boost the price of their XRP token.
For Stellar on the other hand (which has a much lower MCAP), users have to firstly use XLM (and not any other alternatives), and it also aims to function as a bank (which they routinely distributes Lumens collected from transaction to) which encourages the buying of XLM. Stellars also have a growing number of partnership with banks, but they are starting in developing/3rd world countries, and getting wider adoption by the small businesses, small banks and the people themselves; rather than mega-banks like Ripple does.
https://www.youtube.com/watch?time_continue=101&v=Daz5kaY1AWkAs someone have very eloquently explained..
He's not the CEO of a public company, he's not beholden to "the shareholders". He doesn't need to prove the investment value of the token, he needs to prove the viability of his business model!
He doesn't care that you or I or 10,000 other kids own Ripple...his objective isn't to boost the price!
IMO, Ripple do not deserve to be among the top place, to be placed along side the likes of BTC, ETH, LTC, and XLM.
The people being tricked into investing into their XRP token are just there to provide liquidity so that the big companies can use the network and the Ripple company collects the profit.
(rather than just by big banks):
https://bitcointalk.org/index.php?topic=3070210.msg32236647
Here was a post that I had previously made.Reasons I am progressively converting my altcoins to Stellar (XLM) as Stellar price keeps falling.
1 ) A non-profit organization, and a decentralizing network.
2 ) Partnership with IBM
3 ) Targets the people and small businesses (especially in developing countries)rather than big mega banks and for-profit corporations.
4 ) Stellar is working towards functioning as a decentralized bank itself -- enticing users to keep their funds as XLM (rather than using it, like with XRP, simply to facilitate the quick transaction as a "bridging-token" before it is converted back into Fiat again).
5 ) Stellar is also working towards operating as a decentralized exchange of other cryptos.
6 ) Unlike the xRapid (XRP) token (where Ripple also offers xCurrent, and is/will be introducing other modes of transactions); the Lumens (XLM) token *actually* has to be adopted to utilize the Stellar network.
7 ) IMO, the XLM token has been way oversold by now; due to the lack of "hype" and as impatient short-term speculators progressively decides to cash out.
8 ) The released coins are distributed to the banks/companies that uses the XRP network; whereas, XLM instead distributes the fees collected from transactions (to prevent DDoS attacks) to the holders of XLM itself.
9 ) Unknown to many people, the XLM is *actually* also being increasingly adopted. But not big news as they are growing their presence in developing/third-world countries, and servicing the small business and the people there (especially foreign workers trying to send money home, etc.)
10 ) Ripple provides a service to the big-banks;
whereas Stellar competes directly against the big banks (e.g. a lot more potential there in terms of getting actual widespread adoption) to get people to use them as their decentralized bank.11 ) Similarly, Stellar also is setting up its own decentralized exchange to compete directly with centralized exchanges.
Basically, Stellar is doing so much more than what Ripple is doing with the XRP token, and most of the other cryptos too! And they are actually making real progress on those grounds too!
Stellar Lumens [XLM] might have hit bottom, their new wallet update to turn markets green?
https://bitcoinwarrior.net/2018/03/stellar-lumens-xlm-might-have-hit-bottom-their-new-wallet-update-to-turn-markets-green/
