XRP and the whole Ripple Foundation are the deep state’s “backup plan”.
Stay away from XRP.
Bitcoin, is the only truly decentralized crypto that is worth obtaining. All other PoW coins are too small.. and all PoS chains are ultimately centralized (albeit in a ‘decentralized’ way).
I agree that XRP is deep state (as is Solana), but Bitcoin is not the only truly decentralized crypto. Cardano is a phenomenal project and could even be used to secure US elections. BTC is an amazing store of value but its transactions are slow and expensive comparatively. Therefore, Cardano would be a much better candidate to secure Real World Assets.
While I’ve got no specific beef with Cardano… it is a Proof of Stake blockchain.
It is far too easy for any large entity or government to produce enough stake size to become the top validator on the chain, and thus it becomes centralized.
Proof of Work on a chain with a massive hashrate where no single entity can easily or cheaply take over 51% of the network hashrate…. Is the only truly decentralized consensus model.
Only thing that sucks about it is that the programming language is pretty difficult, so you don't get a flood of developers, but I have a ton of faith in ADA.
They did it right with the way they developed the chain. Charles is the real deal.
The market would disagree and the solutions address different issues. Probably not a good idea for anyone to run out and put all of their investment money into just one.
Crypto is risky and volatile and anyone running to invest a significant amount into any without knowing why should be doing more research first and understanding the risks.
I’d never recommend someone put all of their investment money into just one thing.
In fact, I’ve stated several times in the past that I feel no more than 10% of a persons investment portfolio should be in crypto.
But what I have said is that Bitcoin is the only crypto worth investing into. It is the only one that nobody in the entire world can stop. It is too big and powerful as a network now, and it has over 50% of the entire crypto’s net worth within its own market cap.
I’m in many other cryptos, I’m a daily user, I’ve been a daily user since 2016. I develop crypto dapp’s. I’ve seen everything from the user side, the builder side, the project owner side, and the blockchain foundational side, but that’s also why I tell people it’s likely best to just stick with bitcoin. I see the bullshit that plays out on all other chains… as part of my day to day job.
I know. Just adding a note for anyone unfamiliar. If a rookie dumped into Bitcoin right now as a likely cycle shifts into 2025 it would likely end in a panic sell as altcoin dominance picks up.
Still think there is value in utility amongst others and clearly people feeding their families still with other crypto outside of Bitcoin. it's just a wild West of sorts across the space still.
Trying to buy him.
XRP and the whole Ripple Foundation are the deep state’s “backup plan”.
Stay away from XRP.
Bitcoin, is the only truly decentralized crypto that is worth obtaining. All other PoW coins are too small.. and all PoS chains are ultimately centralized (albeit in a ‘decentralized’ way).
I agree that XRP is deep state (as is Solana), but Bitcoin is not the only truly decentralized crypto. Cardano is a phenomenal project and could even be used to secure US elections. BTC is an amazing store of value but its transactions are slow and expensive comparatively. Therefore, Cardano would be a much better candidate to secure Real World Assets.
While I’ve got no specific beef with Cardano… it is a Proof of Stake blockchain.
It is far too easy for any large entity or government to produce enough stake size to become the top validator on the chain, and thus it becomes centralized.
Proof of Work on a chain with a massive hashrate where no single entity can easily or cheaply take over 51% of the network hashrate…. Is the only truly decentralized consensus model.
I agree with you. Cardano is very decentralized.
Only thing that sucks about it is that the programming language is pretty difficult, so you don't get a flood of developers, but I have a ton of faith in ADA.
They did it right with the way they developed the chain. Charles is the real deal.
The market would disagree and the solutions address different issues. Probably not a good idea for anyone to run out and put all of their investment money into just one.
Crypto is risky and volatile and anyone running to invest a significant amount into any without knowing why should be doing more research first and understanding the risks.
I’d never recommend someone put all of their investment money into just one thing.
In fact, I’ve stated several times in the past that I feel no more than 10% of a persons investment portfolio should be in crypto.
But what I have said is that Bitcoin is the only crypto worth investing into. It is the only one that nobody in the entire world can stop. It is too big and powerful as a network now, and it has over 50% of the entire crypto’s net worth within its own market cap.
I’m in many other cryptos, I’m a daily user, I’ve been a daily user since 2016. I develop crypto dapp’s. I’ve seen everything from the user side, the builder side, the project owner side, and the blockchain foundational side, but that’s also why I tell people it’s likely best to just stick with bitcoin. I see the bullshit that plays out on all other chains… as part of my day to day job.
I know. Just adding a note for anyone unfamiliar. If a rookie dumped into Bitcoin right now as a likely cycle shifts into 2025 it would likely end in a panic sell as altcoin dominance picks up.
Still think there is value in utility amongst others and clearly people feeding their families still with other crypto outside of Bitcoin. it's just a wild West of sorts across the space still.
That’s got to be the dumbest take I’ve heard in a while, but hey to each his own.
Go ahead and invest in the deep state. It’s your money :)