Is Ripple getting in bed with the enemy?
As many of you may know by now the best part of the emergence of cryptocurrrency started via Bitcoin's Blockchain circa 2007 was the fact of it being decentralized. It therefore was the antithesis of banks and The Federal Reserve. With the explosion of so many cryptocurrencies now in existence, new laws are trying to be enacted that would upset that structure.
Ripple is now positioning itself to take on the mega power of Bitcoin by enlisting the backing of some of the worlds most powerful and oldest banks. Among those banks are Bank of America, BBVA (one of the worlds top 50 banks) and Santander (which was founded in Santander, Spain over 200 years ago). This is the bank that I worked at for 2 years in New York. You can read more about it here:Article link.
So my question to the community is this: Do you think that Ripple will be a saving grace for our community, or will it allow for easier restrictions and laws that will be enacted to thwart what we all like about cryptocurrency? Mainly the fact that it is decentralized.
I'm eager to hear your thoughts on the issue. I'm sure it'll be coming up more and more soon.
