But Ripple will be no bank. they will just provide a transfer service to some banks. Does that make it worth the Bank of China ? Without transferring anything for any bank at this time ? I'm talking at this time without any real action it's valued the same as one of the biggest banks in the world.
I just don't get that :)
Bitcoin is valued more than some of the largest banks in the world.. Do you want to go into that conversation as well? =)
Perceived value is always higher than actual. And values can change fairly quickly in crypto.. as we've all seen!
Yeah agreed Bitcoin same problem :)
But my point is perceived value cannot stay higher until some promises are delivered. And Im not seeing that in crypto. After all we are in for 10 years now...
That's the interesting (and scary) part about Crypto. It's been around for 10 years, but it's only getting to see the light of day (mainstream views) over the past 6 months? 1 year?
If you think about other technologies and products, they don't really become mature until at least 10 years after they are introduced. Heck, the internet didn't really blow up until the late 90's, but it started off in the early 80's. People are naturally untrusting in something that they don't know, and even less trusting of something that they don't understand. Crypto is both an unknown and a complex idea to understand (at least in speaking about blockchain, to the average individual).
I'm hopeful that over the next year, we'll start to see more real-life use cases for crypto and crypto making a serious move into mainstream. I really like DigiByte for their forward thinking about applying Cyber Security to companies as opposed to simply being a currency.
It's true it's getting widespread attention but 95% of the time its about Bitcoin setting new ATH. So it's getting speculative attention.
I don't see an increase in adoption of it so far