Somebody on the Internet told you it’s a banker coin and you just believed it.https://twitter.com/haydentiff/status/969291182642692104 …
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Replying to @haydentiff @NomiWorld_de and
That’s how it’s marketed for better or worse. “It will replace SWIFT” is the most common refrain to justify the massive valuation.
8 replies 0 retweets 15 likes -
Replying to @AriDavidPaul @haydentiff and
It's always easiest to see the value of new technologies by looking at the value of the old technologies they'll replace. But that does tend to totally miss the point. It's like understanding cars as "better horses" or email as "better mail".
8 replies 51 retweets 173 likes -
Replying to @JoelKatz @AriDavidPaul and
How do you explain the benefit of cars to someone who thinks that a network of roads covering a country or a network of gas stations or more freedom from enhanced mobility is a fantasy? You tell them it's a better horse and hope they at least understand that.
7 replies 59 retweets 223 likes -
Replying to @JoelKatz @AriDavidPaul and
Yes, a universal settlement asset can replace traditional payment systems, just as cars replaced horses. But that still misses the point of how it's transformative in areas like micropayments that don't work today. But it's hard to make someone see that, and you can't prove it.
2 replies 21 retweets 113 likes -
Replying to @JoelKatz @AriDavidPaul and
The "bankers coin" argument is really about as silly as saying that cars are mostly for jockeys because they're the people who really want faster horses.
14 replies 75 retweets 257 likes -
Replying to @JoelKatz @AriDavidPaul and
It can’t be bankers coin since bank are not using the xrp coin they are using the product and the technology of ripple.
#ripple#xrp1 reply 0 retweets 1 like -
Replying to @WebEnterprises @AriDavidPaul and
So do you think there won't ever be a universal settlement asset? Or do you think it will be something other than XRP? If so, what? And how?
4 replies 1 retweet 21 likes
A settlement asset needs to be stable.
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