another hater ... no one is trusting a bank, we are trying to get them on board the reform... without healing the existing system everyone pretending real world does not exist does not work if you have not realized by now.
As if banks are gonna join the reform...if they do it's purely for their own profit, you're naive if you believe banks have anything else in mind. I say if you want to buy XRP cause you think the price will rise then go wild, but if you really believe in their "philosophy", well, why? Unless everyone here is a bank employee who's payed to say all this crap, why would you believe in something like this?
Here is "philosophy" for you to send so called "fast payment" from one EU country to another EU country I have to pay 12.60EUR and this "fast payment", if happens late on Friday, will be settled only early Monday.
Can I do it much faster with any alt coin, I do, it will just take a lot of manipulations with wallets/exchanges etc. But here is the problem, a lot of people in world never heard of alt coins, and they have to be educated and adopted, and they have bank accounts that they trust more than any bitcoin and all alt coins all together.
No trusted third party. You don't need to trust the miners. You validate their proof of work mathematically.
I do not see how that makes me secure from third party? Or how it does make secure person who can not do it mathematically? You can not name something as "Store of Value" and say you trust no one in order to make it valuable.
They can act as investors but cannot act as regulators or policy makers. That's a significant improvement already.
Well ye, tell this to exchanges, wallet providers and so forth were you required KYC and that sponsored by, well, not Satoshi Nakomoto.
I prefer to have access to the code that's managing my money. Exploits happen less often when the code is public. Hint: Linux vs Windows.
Hint Heart Bleed.
Don't assume that the regulatory forces are always benevolent. Every once in a while it so happens that their best (market) interests might just as well collide with your best interests (hint: the financial crisis in Greece).
So, both worlds do crap as of now?