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RE: Why I don’t think it is a good idea to buy Ripple now
Ripple has a lot of money. So, they could definitely hire "experts" to shill their project [I am not saying that they do but the possibility is high]. Ripple will inflate at least 100% till the team share of tokens are released. Does 100% inflation sound like a good investment to you?
sir your view is right but I research and I saw many expert view all says ripple is better investment than bitcoin because ripple use in banking sector and its transaction cost is very low and very fast on many countries approved use ripple but Bitcoin many countries banned like China,India etc.....
lol experts....
Steem has no tx free and can support 10K tps....
So Steem is better investment than bitcoin as well. However you do know-Bitcoin scaling plan is in theory faster than Ripple as well? And has network effect? These exports are mostly shills. Crypto was made to change/remove banks not help them...
@sames You should be careful what network you're referring to. They all vary in terms of security, robustness and governance. To say Steem is better than Bitcoin is too easy. Steem is v. different. Bitcoin is a network for transacting that is incredibly decentralised and beyond anyone's influence. This is why it's the biggest.
Steem may be quick, but Steemit inc is still holding much of the reins. With a complex social media blockchain like Steem, this is necessary, because it's not just about money, but it's providing a service.
But it means that Bitcoin has a bigger chance of replacing a bank than Steem, because Steemit , inc still has a lot of influence on the token and its value.
Same goes for Ripple. It would need to step far back from XRP. Right now it's too involved.
They argue that Bitcoin is controlled by miners. But at least with miners they are incentivised to secure the network... for now. It's very different to having one company incentivised to secure a network.
+1
I was just making the steem comparison bc he said XRP was better than btc bc it was "faster"
Yeah, come on ppl lets not forget why crypto was invented. xrp might be a good investment but ppl don't use xrp, they use steem. Steem is so under rated smh.