RE: Why are bitcoin loyalists bashing Ripple
Because the banksters are not committed to using XRP token. They will Ripple, but in private blockchain format.
Everyone buying XRP tokens is going to be sorely disappointed when they find out, when they learn, when they realize, that the banksters never had the faintest concept or plan of sharing profits with the common man.
Banksters business is based on shaving points. That is the basic business they are in.
They aren't going to use a public token like XRP, as a tool in their point shavings product offerings.
I agree there will be many different blockchains, that survive to offer different values and services to many different niches.
But when the XRP token craters, that will cause some negative blow back on the crypto community.
Which was avoidable if people had done their own basic research before putting money into XRP tokens.
The ripple technology is a tested product. Its been used for a while. It's perfect for money transfer companies and banks.
When you buy XRP coins, do you think you are getting a small share of some type of ownership of Ripple technology? You need to do more research on your assumption.
No. i get no part of ripple company stock. XRP is a currency already in use to transfer funds. lots of mainly japanese banks use it.
Too much "pump and dump" for my liking. It's a rigged game. you can make money trading it if you are patient and not too greedy.
I didn't assume anything. i know XRP and ripple are two different things.
i bought XRP at 30c and sold it for $2.5. I know what it is and who owns it..
Ripple technology is tested and proven. And owned 100% by Ripple Labs. Ripple technology and XRP coins are two different things.