Ripple update: A much-needed reality check
This post is going to be blunt. As a disclosure, I only hold XRP. I am writing this because more and more, I am reading comments from people that need a reality check.
Ripple doesn’t really care about speculators, nor should it. It’s focus is banks and corporations, not us that want to become zillionaires off of Ripples’ coattails.
More and more every day, I keep reading new comments from people upset with Ripple because they aren’t providing enough information causing the price of XRP to stagnate. The way I see it, that’s the same as investing in the US Dollar and hanging on every word of (insert huge US-based company here) and expecting the US Dollar to gain strength.
People are treating every word Ripple says as gospel and are becoming deeply offended when something they don’t agree with is mentioned. For example, in the AMA Asheesh mentions xRapid is hoping to be ready by the end of the year which everyone reacts as if Asheesh murdered your families.
News flash, Ripple is a company looking out for themselves. I don’t know how many of you are software developers but delays happen, especially when it needs to be perfect the first time.
I get it, Ripple is the first company to utilize XRP and thus the value of XRP currently depends on what they are doing. We now have Codius, future Xpring projects to look forward to as well as others I’m probably not caught up on. Just because Ripple is working with XRP, doesn’t mean they owe you anything. Take what they give you with grace and quit whining when you don’t hear anything.
This is the state of your investment in XRP. It will gain value when it is being utilized. Not based on hype like it has been doing up until now. Personally, I believe in XRP based on what it can do, and what Ripple, Coil and others bring to the table which I cannot say about any other coin out there.
As you were.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: _jb__
Score: 332
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