RE: STEEM Ranked #5 Best Crypto by Weiss Ratings - Top Crypto Rated by Weiss Ratings

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STEEM Ranked #5 Best Crypto by Weiss Ratings - Top Crypto Rated by Weiss Ratings

in cryptocurrency •  7 years ago 

Completely depends on what you mean by crypto. XRP is very centralized and is aiming at banks transferring in and out to fiat quickly. It seems to me to be a new "wire transfer" (see western union deal). Completely different from the decentralized store of value and medium of exchange many cryptos are aiming at- let alone those that are/will be a dapp platform.

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7 years ago by

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      ·  7 years ago 

    100% agree I have an acquaintance extolling the virtues of XRP as an appreciating asset all over their social media and has no idea of the core purpose of XRP and that a high value drives away their core customers. Aaaaaaand he lost his ass when it took a ride on the pain train last week :(

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