Quote:
Originally Posted by Taco John
The thing that you have to understand is that Ripple IS getting picked up by the banking institutions. They have over 1000 banks signed on that are in the process of coming on board. That will give XRP a stable floor, and it will float a lot of boats. Banks aren't going to turn to Bitcoin for their back institution liquidity needs. They're going to turn to Ripple. Look at where Bitcoin is right now. That's where Ripple is headed.
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That is exactly why I don't like Ripple. I DON'T want my crypto currency to be associated with ANY bank. I especially don't want a company to own so much of their own currency. They could flood the market, short it, or pretty much manipulate it at their own gain whenever they wanted.
Quote:
Originally Posted by Taco John
Bitcoin will always be around as a hobby horse for people, but it's a sinking ship because they have a fixed supply that will encourage bouts of inflation and subsequent deflation, and the high fees will eventually be the straw that broke the camels back. When you have to pay $40 bucks just to get $200 in bitcoins, you learn real quick, "**** bitcoin."
Ethereum, Cardano... and a privacy coin of some type. Maybe Verge. Something with a ton of supply. These will eventually be more popular than bitcoin, IMO.
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Coins with a finite supply that get super popular with tons of transactions per second are always going to have scaling issues. SegWit drastically reduce this hurdle eventually.