Altcoins News
By Steven Anderson
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In a recent interview with David Schwartz, CTO at Ripple, lot of things were discussed by Thinking Crypto – You Tube Channel and Podcast.
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David Schwartz in the interview stated: Money could be created by a friend who is trying to do a favor to another friend.
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The vision for XRP he stated: If you want to make some asset liquid, you make it liquid through XRP. Then it is liquid to everything else.
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I had to say to be fair on the objective, that there is a lot of evidence about being the best with the payment. Are people really using the XRP ledger?
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Appreciation: DeFi platforms are real, Bitcoin is cool but not really, Russia has banks too, crypto’s are here to stay. Buy more XRP.
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It was like watching the internet creators, app creators, social media creators speak for the 1st time about their ideas & projects.
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Sincere enthusiasm about the future of all crypto and the untold stories that future development will bring.
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Enjoyed: Bitcoin is relying on the greater fool theory to make the price of it go up. Without a greater fool the pyramid fails. Waiting for that LOL.
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Criticism: The more and more I hear Joel Katz speak, the more I think they are building everything possible.
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He said he wishes people used it more for money transfer when speaking about setting up preapproved loans for friends. The problem is the price volatility.
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Questions: Are the proposed side chains good for the price of XRP? With side chains, would there still be a need for private XRPLs with XRP as the bridge?
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Left thinking: your discussion on social credits got my mind spinning. A type of system for mortgages where one could borrow $1 from 100k people for a mortgage, whereby…
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