Scores of people are saying that ripple is over, while some hold the notion that it will be fine after all. Recently, there have been some debates over whether Ripple should go head to head with SEC in court or settle.
What is your opinion on this matter?
Some scammer contacted me asking if I want to open a bitcoin/ethereum wallet with them. I wonder how they got my phone number and name since I don't use my phone number on sketchy websites. Then I check my email and saw ledger emailing me saying my personal info has been exposed.
Update: Just downloaded the info to see what was on it (the source was given from ledger email) and now everyone knows my phone, name, address and the fact I own coins. Fuck this company and we need a class action lawsuit.
I know that banks have a bad reputation, but they are in charge of a crucial economic task in a healthy capitalist system: they connect lenders and borrowers; they canalize resources (savings) from people that don't have ideas, to people that have ideas but need resources to implement them. They move the capital trhoughout the economy from those who create it to those who put it to produce wealth.
The success of Bitcoin goes through banks integrating with bitcoin, custodying bitcoins from investors, transferring value using bitcoin's network (instead of shitty SWIFT channels), embracing bitcoin in a regulated, secure, mature finantial network that everyone already trusts.
We don't want to substitute banks by unsafe, unprotected, phone applications that can bankrupt tomorrow like Celsius, Ledn, etc.
And no, not everyone wants to be his own bank: some people wants to pay someone else to do that job.
And yes, DeFi is promising, but it is just that, a promise. Bitcoin is already here and it needs to be generaly adopted fast.
Bitcoin is here to create hard scarcity in relation to weak scarcity provided by Central Banks.
In fact, Bitcoin is GOOD for the banks.
Would something like this be possible?
![[link]](https://i.imgur.com/lktgvDC.jpg){kind=link}