4 ms·

Same here, market(s) over time will be cornered without control policies that counter monopoly.

• tastyfreeze 5y ago
  This is why I think XRP will ultimately be a winner. No mining, no staking, just validating transactions.
  • deleted 5y ago
    [deleted]
  • elliekelly 5y ago
    Is there a law of the internet describing the phenomenon whereby any comment criticising cryptocurrency will promptly elicit a response comment proffering a cryptocurrency that's somehow different and "not like those other cryptos"?
    • OnlineGladiator 5y ago
      If not, you should name it yourself. The Ellie Kelly effect - whereby any mention of a flaw in a cryptocurrency is met with a rebuttal of the one true cryptocurrency, usually obscure and with little traction.
      • bliteben 5y ago
        If only the transaction confirmations were as fast as these responses usually are.
        • edoceo 5y ago
          Ellie Kelly Crypto Comment Effect Has a nice sound. Good job team.
      • gmfawcett 5y ago
        +1 for "Ellie Kelly effect" -- a wonderfully rhyming and memorable name for the phenomenon. :)
  • cwkoss 5y ago
    I think XRP will go down as history as the earliest notable shitcoin. I wrote it off years ago. Is it doing anything with real utility yet?
    • fidesomnes 5y ago
      As a currency exchange handling $800m in transactions in the last day it seems to be doing just fine https://xrpcharts.ripple.com/ https://xrpcharts.ripple.com/ surely that is no real utility for you but for someone out there, it is a whole lot of value.
• voldacar 5y ago
  But "control policies" require by definiton the market to already be cornered by whoever is trying to control it. Without being cornered the market will be cornered?
  • JulianMorrison 5y ago
    Yes, but ideally that thing is "society". As opposed to "a bunch of dodgy rich people"