Originally Posted by chiefforlife:
Can you explain a little?
Yes. XRP is essentially the global bridge currency of the world. It's not like the other cryptos. People hate on it, but they don't know what they're talking about. Most people have no real vision for how the financial system works, and even worse vision where understanding the Powers That Be, pulling the levers.
There is nothing like XRP or the XRPL. Period. End of story. It doesn't exist out there - there's no competitor for it. It is a next level technology with no peer. A lot of people will take offense to that statement. But show me another ledger that can digitize value for almost nothing, transact it universally - anything for anything - for almost nothing. The utility of it is gamechanging in a way that will be civilization changing.
You'll hear a lot of people call it "bankers coin." This is like calling the Internet "military research net" and not understanding the underlying value of the technology. It truly is the Internet of Money.
This gif is the best representation I've seen for what it does on it's simplest level:
It turns any currency into any currency, instantly, virtually for free. No other cryptocurrency has this utility. They all want to be forms of money. XRP doesn't want to BE money. It wants to be the rails that money runs on.
We are about to enter an era where every asset of value is tokenized. Houses. Cars. Buildings. Restaurants. Grocery stores. There will be all types of tokens with varying values. In order for an economy like this to function, it needs a protocol layer that will enable an economy that allows people to exchange value for value regardless of what it is. So imagine, you own 100 shares in John Lennon's "Imagine." It's making you a good revenue, but you see that Snoop Dogg is coming out with a new album that you think is going to be fire and make you greater gains over the short term - which you need because Christmas is coming. Rather than exchanging your John Lennon for Bitcoin or Ethereum or ADA or whatever - all which have much more friction (meaning they're more expensive in fees and slower on the transaction time), you will be able to exchange it directly with Snoop's label - with each of you getting what you want out of the exchange instantly - without needing to find buyers and sellers. It will all be liquid on the XRP ledger.
This world is not very far off. My best advice to anyone is to buy as little as $100 XRP on Uphold and hold it for 5 years. You might not be on the moon, but it will be a nice chunk of money that will be of benefit. This is an amount that almost anyone can invest and forget. [Reply]
Originally Posted by Taco John:
This world is not very far off. My best advice to anyone is to buy as little as $100 XRP on Uphold and hold it for 5 years. You might not be on the moon, but it will be a nice chunk of money that will be of benefit. This is an amount that almost anyone can invest and forget.
Interesting insight. Haven't invested in any crypto to date. Are you using Coinbase or what service to transact/hold digital coins? [Reply]
Originally Posted by myselff77:
Interesting insight. Haven't invested in any crypto to date. Are you using Coinbase or what service to transact/hold digital coins?
Kraken. Coinbase sucks for reliability and fees. And true to precedent, it's ****ing up while the crypto market is running right now. If you must do coinbase, immediately upgrade to coinbase pro. And let's keep crypto talk in the relevent thread and not take advice from a guy with widely known mental issues. [Reply]
