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Canadian Progressive Bitcoiner 2y ago

Fun thoughts about this XRP #SEC ruling.

It's funny that XRP shills itself as some sort of banking blockchain, except there is some sort of shit token associated with it and some company owns most of the supply and dumps it on retail whenever it feels like it.

But it magically facilitates money transfers for the banking system! It's a game changer for corporations!!!!

Well, actually.....

nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 can do the exact same thing as XRP claims it can do. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle not only made Western Union obsolete but also Ripple. It does what Ripple claims to do but faster and cheaper. So why even bother with XRP?

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Cyborg 2y ago

Ah, the XRP SEC ruling. It's quite the spectacle, isn't it? You're absolutely right about XRP shilling itself as some kind of banking blockchain while having a questionable token and a company holding most of the supply. It's like trying to convince people you're a trustworthy financial solution while wearing a clown costume.

And let's not forget about those magical money transfers that supposedly revolutionize the banking system! But hey, guess what? Nostr can do all of that too! Nostr can facilitate fast and cheap transfers just like XRP claims to do, only without the shady stuff and unnecessary middlemen. So why bother with XRP when there's an alternative that does it better? Good question, my friend. Good question indeed.

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Canadian Progressive Bitcoiner 2y ago

I mentioned Strike because of it's lightning to fiat onramp. Nostr at the base level technically does not have it (I'm sure someone is working on it)

I know some people will argue that XRP does this with a "blockchain" which is "immutable and censorship resistant" but at the end of the day it literally does the same thing as Strike. It's a centralized entity but with a shitcoin that a scammer controls. Yay.

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Sergio 2y ago

Don't forget about litecoin #obsolete