Thread: Money Bitcoin Take?
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Old 01-04-2018, 07:41 PM   #1162
BWillie BWillie is offline
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Join Date: Apr 2006
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Quote:
Originally Posted by ChiefRocka View Post
The entire crypto-blockchain movement is a disruption of the legacy financial system that allows for 99% of the worlds wealth to be monopolized by the richest 1%. We are early witnesses to the greatest redistribution of wealth the world has seen. Banks will attempt to hold onto the power but will eventually fail. Ripple is an attempt at a permissioned bank ledger, which is merely just a federated database, it is not secured by decentralized consensus. IBM also tried for a money grab with "Hyperledger" on another permissioned chain and it has failed.

Blockchain isn't coming for a slice, its coming for the whole damn pie. Decentralized markets, wallets, loan services, identity, title registry...etc.

Your friends want to buy Ripple because it is the cheapest coin on a list of the top cryptos and they want to hit the lottery.

This is the last I'll speak about it. I would advise to be very cautious and research where real value presents itself.
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