Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm not 100% convinced on XRP as an investment long term tho.
The distinction I'd make with this point (even though I agree with what you're saying) is thus:
Most of us want to see great returns from Bitcoin and we therefore see it as an investment. But even if Ripple were to gain you a return and was therefore a "good investment" would it trouble you that you'd used a protocol that has establishment links and is possibly a threat to the decentralised, free spirit of crypto?
I don't necessarily want to come across as a crypto-anarchist, but I'd rather support a genuine alternative to the economic system that's failing us.
For example the fact that it is supposed to be 100% decentralised (even tho it's not actually the case considering mining centralisation for example) raises issues related to consumer protection (that's a big one), money laundering, frauds, scams etc.
An utopia much like anarchy, it either doesn't work in practice or nobody actually adopts it and still prefer governments, the state etc
So basically you try to solve some problems but the 100% decentralised solution might bring new ones or offer us something that in the long run is a lot worse.
I understand you talk about the "spirit of crypto" but that spirit might be a lot more corrupt that the fiat system you are talking about.
"Trusted third parties" are not out there just to screw ya. t's not that simple.