this post was submitted on 15 Aug 2022
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Late Stage Capitalism
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Why are there shares attached to a company? So the investment from shares goes into the company to develop it. It's the exact same principle but instead of offering shares they offer crypto.
XRP is cheaper and quicker than swift. Yes Ripple is the company. So what?
You realise the fees are much cheaper than visa and MasterCard right? That it's cheaper for the merchants and better for the consumer. You get this right?
Alright man, fine, I don't know how to convince you, whom I assume is a communist, that having a private entity maintain transactions is the dumbest fucking idea in the world. You do you I guess. Like Marx 95. Remedial Communism shit.
The problem is you don't see how the world already works so you think crypto is the problem. It's not any different to how other companies work and you have no examples of how it is. You also seem to think having currencies controlled by the US federal reserve is somehow better than a decentralised version. Well ok Uncle Sam. Enjoy your Apple pie. You must be a serious communist to love Wall Street like you do.
"Why would a marxist leninist think the state should control currency" said the smart man.
That state being the US. US fan boy.
k.