Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed
Okay, so VeChain as I understand it is mostly just a distributed ledger with a currency attached to it. Honestly I think dlt’s and blockchain are interesting tech, they aren’t inherent to cryptocurrency and could be applied to other functions though like new digital medical records for instance. Why is there a currency even attached to vechain other than to commodify it? It could just be a digital ledger.
XRP literally even says they function basically as SWIFT but ripple the company, it’s not XRP is the one that does it, XRP is just their vbucks they use as the middle man. It’s basically ETH but the ripple protocol manages the servers that host DLTs rather than trusted stake holders, the service is only fast because of the fees one company makes on transactions. It’s basically visa, but with crypto access. The only reason this service exists is as a function of cryptocurrency… like I mentioned.
Amp and Flexa only exist if you’re trying to buy things with multiple currencies all at once. You understand what my problem is right?
All of these services only exist to justify cryptocurrency’s existence. WHY DOES CRYPTOCURRENCY NEED TO EXIST IN THE FIRST PLACE?!
XRP just fills the gap of SWIFT because SWIFT doesn’t recognize the validity of cryptocurrency, there is no reason that implementation could not be added, ripple just didn’t need international consent.
VeChain’s function could be replicated without a financial aspect as the asset of vechain isn’t even the coin, it’s a ledger. It doesn’t require currency, the currency just exists to make an excuse for the creators of vechain to host the service rather than have it be self hosted. The crypto-currency part just seems like a way to commodify it into a rent service when it could just be a free protocol. Like ssh. I just don’t see the financial aspects of cryptocurrency being valuable.
Why is there a currency even attached to vechain other than to commodify it?
Why are there shares attached to a company? So the investment from shares goes into the company to develop it. It’s the exact same principle but instead of offering shares they offer crypto.
XRP is cheaper and quicker than swift. Yes Ripple is the company. So what?
Amp and Flexa only exist if you’re trying to buy things with multiple currencies all at once. You understand what my problem is right?
You realise the fees are much cheaper than visa and MasterCard right? That it’s cheaper for the merchants and better for the consumer. You get this right?
Alright man, fine, I don’t know how to convince you, whom I assume is a communist, that having a private entity maintain transactions is the dumbest fucking idea in the world. You do you I guess. Like Marx 95. Remedial Communism shit.
The problem is you don’t see how the world already works so you think crypto is the problem. It’s not any different to how other companies work and you have no examples of how it is.
You also seem to think having currencies controlled by the US federal reserve is somehow better than a decentralised version. Well ok Uncle Sam. Enjoy your Apple pie. You must be a serious communist to love Wall Street like you do.
Okay, so VeChain as I understand it is mostly just a distributed ledger with a currency attached to it. Honestly I think dlt’s and blockchain are interesting tech, they aren’t inherent to cryptocurrency and could be applied to other functions though like new digital medical records for instance. Why is there a currency even attached to vechain other than to commodify it? It could just be a digital ledger.
XRP literally even says they function basically as SWIFT but ripple the company, it’s not XRP is the one that does it, XRP is just their vbucks they use as the middle man. It’s basically ETH but the ripple protocol manages the servers that host DLTs rather than trusted stake holders, the service is only fast because of the fees one company makes on transactions. It’s basically visa, but with crypto access. The only reason this service exists is as a function of cryptocurrency… like I mentioned.
Amp and Flexa only exist if you’re trying to buy things with multiple currencies all at once. You understand what my problem is right?
All of these services only exist to justify cryptocurrency’s existence. WHY DOES CRYPTOCURRENCY NEED TO EXIST IN THE FIRST PLACE?!
XRP just fills the gap of SWIFT because SWIFT doesn’t recognize the validity of cryptocurrency, there is no reason that implementation could not be added, ripple just didn’t need international consent.
VeChain’s function could be replicated without a financial aspect as the asset of vechain isn’t even the coin, it’s a ledger. It doesn’t require currency, the currency just exists to make an excuse for the creators of vechain to host the service rather than have it be self hosted. The crypto-currency part just seems like a way to commodify it into a rent service when it could just be a free protocol. Like ssh. I just don’t see the financial aspects of cryptocurrency being valuable.
Why are there shares attached to a company? So the investment from shares goes into the company to develop it. It’s the exact same principle but instead of offering shares they offer crypto.
XRP is cheaper and quicker than swift. Yes Ripple is the company. So what?
You realise the fees are much cheaper than visa and MasterCard right? That it’s cheaper for the merchants and better for the consumer. You get this right?
Alright man, fine, I don’t know how to convince you, whom I assume is a communist, that having a private entity maintain transactions is the dumbest fucking idea in the world. You do you I guess. Like Marx 95. Remedial Communism shit.
The problem is you don’t see how the world already works so you think crypto is the problem. It’s not any different to how other companies work and you have no examples of how it is. You also seem to think having currencies controlled by the US federal reserve is somehow better than a decentralised version. Well ok Uncle Sam. Enjoy your Apple pie. You must be a serious communist to love Wall Street like you do.
“Why would a marxist leninist think the state should control currency” said the smart man.
That state being the US. US fan boy.
k.