Did anyone of you check the total market cap? I mean, of all Ripple coins, not just the circulating ones.
Here the link:
https://coinmarketcap.com/coins/views/market-cap-by-total-supply/So that means, Ripple's market cap is almost 45% of Bitcoin market cap AND Ripple market cap is more than ETH? Guys, please think about it, there's something wrong with Ripple...
Ripple has an actual purpose and use. As I understand it's being used by actual real companies for real international money transfers to reduce costs. BTC and ETH are crap IMO, backed by nothing but hysteria and faith in some poorly defined notion of decentralization, under the assumption that decentralization itself is always a good thing or is the main goal or something. It's turned into kind of a cult. I'm honestly not interested in bitcoin anymore. I don't have faith in its future. The mania will probably go on for some time, but I"m okay missing out on that. I'd rather buy gold than bitcoin at this point. It's a much better value proposition for sure.
So why is Ripple besser than ETH / BTC or all those dozens of other coins out there (e.g. IOTA)? Banks / companies can't use for example IOTA? Why does it need Ripple?
Don't ask me. Ask the banks. The fact is banks picked Ripple. I don't know anything about IOTA. Don't really care either until it has a real use case.
If I had to guess why they picked Ripple it probably has something to do with the dreaded centralized nature of Ripple, and the fact that it holds copious reserves, the kind of things the bitcoin cult hates.
Oh I see IOTA is about the "internet of things." Give me a break. Nobody gives a shit about the internet of things. I will purposely avoid every appliance that needlessly comes with WiFi for the rest of my life. My phone needs WiFi. My laptop needs WiFi. My toaster does not need and I do not want it to have WiFi.