End the Fud

endthefud.org

Not FUD but facts:

Bitcoin is 1st generation blockchain technology and compared to current 3rd generation (e.g. XRP) it is slow and expensive.

IMF, BIS, ECB and FED have stated in political obfuscated speak that they want a fast and cheap bridge currency for cross-border payments. There is only one serious candidate for this: XRP.

Is it just me or would this not even be necessary if blockchain was useful outside of finance applications, or if it was better than what consumers use today?

Blockchain was invented to be a financial application. I see no reason to believe it could/should be anything more. And a singular application technology is perfectly fine.

Everyone is upset with cryptocurrencies being an overvalued asset. But, that is a purely social phenomenon that happens entirely orthogonally to the technology itself. I mean, the same phenomenon has happened in the past to shoes and children's stuffed animals.

It can happen to literally anything that you can convince get-rich-quick gamblers is worth a gamble on.

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