What's going to happen to Ripple (XRP)?
A few years ago, I bought some XRP and then forgot all about it. I never sold, not even when it reached a new ATH of **3.84 USD** on 7 January 2018. I spent years holding and hodling and ignoring everything that was going on in the crypto world, the only thing I did was basically made sure my crypto holdings were safe. Then, a few months ago, I decided to proactively get back into the crypto world and that's how I found out about - sorry I'm late - the ongoing SEC lawsuit against Ripple.
Back in 2020, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs, the company behind XRP, arguing that XRP is actually a unlicensed security, not a currency. Ripple Labs originally designed XRP to solve the problem of trans-continental money transfers, because they're expensive and slow.
Because of the lawsuit, many exchanges, including Coinbase, delisted XRP and the coin has since been hovering around the $1 ppc mark, until the recent dip/crash, when it dropped to $0.85/0.90 per coin. A couple of months, Brad Garlinghouse - CEO of Ripple - said they're making "good progress despite a slow-moving judicial process". And then more recently, Ripple lawyer said he's confident the whole saga will come to a conclusion in Q1 2022 / Q2 2022. http://coinbase.com/join/T0PY5M?src=ios-link
It's easy to predict a downtrend in case of an unfavourable outcome and a surge in case the lawsuit is dismissed or won by Ripple but what's gonna happen after that? At one point, XRP was the third largest cryptocurrency by market cap and to be honest I don't see how it could ever get back up there. What are your thoughts?
72% believe technology makes the world a better place. What are your thoughts?
This year's edition of CES (Consumer Electronics Show) is underway in Las Vegas and Bosch, the multinational engineering and tech giant, has used the occasion to publish the results of a market research the company has conducted. According to the study, 72% percent of people surveyed believe technology makes the world a better place. Would you agree?
I'm not so sure. More to the point, if we're talking about the way we conduct business, the way we perform certain tasks and so on, then yes, technology makes the world move faster and more easily and therefore one might argue that it also makes it better. But I don't think technology makes *us* better, because from a social point of view, things don't look too good. With one exception: enter crypto.
Most people get into crypto because they see it as an easy ticket out of poverty and that's often true. But the more they dig and study and think, and the more it becomes clear that the true value of crypto is the underlying technology. Power corrupts, by definition. And so far we've relied on governments and banks, but with crypto, we don't have to rely on trust or benevolence because we know that for the most part, what you can or can't do with crypto is dictated by, well, math. And it can't be corrupted.
Maybe I'm just looking at it with rose-tinted glasses but I do believe but certain aspects of our lives will get better with crypto because it removes the incentive to misbehave. Am I making sense? Or is it the fact that I haven't had my coffee yet? Let me know what you think in the comments.
I've crossposted this article on my blog bitcoinea, Publish0x, and, for the first time, LeoFinance. https://bitcoinea.news.blog/2022/01/04/according-to-market-research-72-believe-technology-makes-the-world-a-better-place-what-are-your-thoughts/ https://www.publish0x.com/bitcoinea/according-to-market-research-72-percent-believe-technology-m-xoojkpv https://leofinance.io/@leftfootedduck/according-to-market-research-72-believe-technology-makes-the-world-a-better-place-what-are-your-thoughts
High-end Napa Valley wine maker joins the NFT craze
The list of celebrities with skin in the (NFT) game is growing every day and it includes rapper Snoop Dogg, former NBA star Yao Ming, Hollywood actress Sarah Jessica Parker and TV presenter Graham Norton. It's a huge market, and getting 'hugerer' and now Robert Mondavi, a wine producer from Napa Valley, California, has jumped on the bandwagon.
Mondavi teamed up with Bernardaud, a French company which specialises in porcelain, to launch a new collection with porcelain bottles and an NFT to go with it. The 'MCMLXVI' collection consists of 1,966 Limoges porcelain 1.5L bottles and the NFTs, which were developed with Gary Vaynerchuck's company VaynerNFT.
Fine wine has appreciated 127% over the last 10 years, outperforming other similar investments including most watches. And some believe NFTs are the next big investment. Avery Akkineni, president of VaynerNFT is even more bullish than that, as she believes wine collectors will soon be prepared to own the NFT instead of the actual bottle.
Now, that's probably a stretch, but I wouldn't be surprised if this prediction turned out to be correct. I've crossposted this article on my Foodtribe account, my blog bitcoinea and my Publish0x account. https://bitcoinea.news.blog https://www.publish0x.com?a=YqaQn81Ybn
@LeftFootedDuck