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A consensus system like Ripple makes a lot more sense. Blockchain and hashing is ridiculous when there are better ways to achieve the goals.

Too bad ripple was premined. They are seeing some success as end points with banks though.

No one cares about "premining" accept miners. They don't care about miners, they care about being in the real world with banks. See what they have done in 2015. https://ripple.com/insights/ripple-2015-a-year-in-review/