I don't understand those who think Ripple is the 'anti-Bitcoin.'
The logic escapes me. Surely fiat currency, the primary motivation for the invention of blockchain tech generally, and BTC in particular, is the anti-Bitcoin.
How could it not be?
But, for the sake of argument, let's go with the idea for a bit.
So, why do some in the crypto community so despise Ripple?
The answer is easy. More than any other coin it represents 'the establishment'. Big business. Banks.
Fair enough. Big business generally sucks. It is not community oriented, and generally speaking businesses of all sizes only care about people long enough to analyse and exploit our spending habits.
So, yeah. I understand why some in the crypto community have an active dislike of establishment businesses.
But I am no anarchist, and I don't see the establishment going anywhere in a hurry (be careful what you wish for).
And this is where the anti-Ripple argument really falls over. Without established institutions like international finance and trade, like government regulations and laws, like central reserve banks to convert cryptos into something you can spend at a supermarket, for the foreseeable future blockchain is reliant on the establishment. How can it not be?
And the kicker? For blockchain to gain universal acceptance, it needs to, you know, be adopted universally. Including by establishment players. And the sooner this happens, the sooner the 'fiat currency free' world that many crypto enthusiasts so enthusiastically desire, will happen.
If such a thing is possible - I have my doubts.
Ripple is good for blockchain. Ripple, precisely because it is working within the establishment, will probably advance the cause of blockchain faster and more effectively than any other crypto except EOS.
Ripple logo courtesy of ripple.com
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