Those who call Ripple a scam are generally naive anarcho-tards who honestly in their heart of hearts think the US Dollar is going to collapse in a few years and everyone from your 80yo grandmother to the homeless guy in the street is going to be buying everything with Bitcoin on their cell phones. Wake up, it's not going to happen, if anything shit will hit the fan and we'll be battling like Mad Max for oil and food before the whole 1st world switches to Bitcoin.
The problem has never been banks, without banks most businesses would never get a loan to to get started in the first place and families would never be able to save up to get a house. The problem is mega "too big to fail" banks who have a stranglehold on our financial policy, big difference.
If Ripple can more efficiently empower small to medium sized banks, good for them.
That's naive. The -tards who support Ripple cannot make a clear case for how it is better than real blockchain technologies that outclass it. While wet farts like Ripple and others do offer substantial saving in the short-medium term, they are not a realistic medium-long term prospect. There is every chance that bitAssest like BitShares will do money transport better.
Ripple is a scam because it's short term and a weak solution that requires that value is added to XRP to enable the network but that is a waste of value and wealth.. and is unnecessary for better offerings. I expect that Ripple Inc will do well from Ripple, in the same way that other pump and dump have done.. you create 100 Billion tokens and sell one to yourself for 0.01 and you're a billionaire.. a legend in your own mind.
I wouldn't advise anyone individual putting money to XRP and I would caution any mid size business too that it's a short term prospect. In the medium term, when there is not perpetual growth in requests for transport of money, then people will start pulling out the wealth they have invested to XRP and it will collapse from there to a duopoly or monopoly of a couple of big players struggling to survive in a world that will have moved on from the halfway house that is Ripple.
Ripple is a scam where it suggests that it is more than a short term prospect for ye olde banksters to make some quick money. It might be useful to us, in having banksters and financial businesses engage with digital currencies and learn basic skills that allow them to move beyond what is really just another old form of money transport and into blockchain technologies proper. Ripple is not Bitcoin, it's a weak attempt to take advantage of an opportunity but it's an illusion of grandeur. Good luck to them, but don't suggest they are more than they are.
> If Ripple can more efficiently empower small to medium sized banks, good for them.
Let's do away with old style banks and make something that is sustainable and more about people than institutions..
