As we approached the end of 2017 we saw one cryptocurrency explode. With the moon well behind it in it’s rear view tearing through the Van Allen radiation belt its destination mars! This crypto I’m referring to is none other than Ripple (XRP) and to get a rough idea of its exponential growth on January 4 2017 Ripple sold for $0.0066 a coin... fast forward to January 4 2018 and it was selling at $3.84 it’s all time high. It elevated to 2nd for the first time with a market cap of 140 billion only Bitcoin was bigger and Ripple cofounder Chris Larsen became one of the richest people in the world. In the weeks since it has lost momentum and at the time of writing this its trading at approximately $1.30. Ethereum has retaken 2nd as XRP has slipped to 3rd losing 2/3 of the 140 billion market cap
Ripple is a centralized cryptocurrency. Its entity is owned by a company it’s controlled its monitored and can be shut down at anytime. The transactions are seconds fast and the fees are burned. XRP is modelled for banking and hesitantly banks are considering the idea of cutting costs improving network and efficiency while maintaining control over everything.
By being centralized this makes Ripple the polar opposite of their markets nemesis Bitcoin. Decentralized, peer to peer there’s no bitcoin head quarters and runs completely independent. Run by its users and maintained by the miners ... but this blog is about Ripple
Now let’s think ...
WHAT IF? ...
What if cryptocurrency gets regulated?
That friends if or when that happens will lay the foundation for mass adoption. The governments and banks unarguably will want to keep their control and influence. That’s when they will start collaborating with Ripple and similarly modelled cryptocurrencies more closely. They will Implementing new payment methods and market new banking and storage solutions while phasing out the traditional and broken system in place today.
This would set up (ladies and gentlemen) the Main Event !!!
decentralized vs centralized
for control of the entire planets GDP!!!
It could get really ugly and it might take years of hardship and struggle. Finally a chance to break free from the wheel that keeps the wealthy filthy and many will fight to break the cycle. We will be pitched the idea that there needs to be rules and having control over the system makes it more secure for its users. Governments will cracked down hard on the decentralized communities setting heavy fines and taxes turning entrepreneurs into criminals setting an example of them and warning the like minded. Banks will not adopt something they can’t control and will either not accept or seriously undervalue decentralized cryptocurrency making it less attractive to investors bringing more negatives.
Once the dust settles if governments around the world don’t crumble and the banks are still in existence that will mean one thing centralized cryptocurrency preserved and a dream that was bitcoin is gone or near dying. Which means Ripple would likely become the one world currency....
Disclaimer that this is pure speculation and my personal opinion where the scenarios are totally fiction PLEASE don’t mistake this as financial advise
