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0 sats \ 1 reply \ @elvismercury OP 23 Mar \ parent \ on: How the fuck is XRP worth anything? AskSN
XRP on the other hand has management and professional advocacy, and will succeed because of its clear strategy of providing an institutional product.
That makes sense, I've seen that dynamic play out to the tune of millions of dollars personally a number of times. But I'm still struggling to see what the "management and professional advocacy" is actually directed toward. Like, who is buying into that tarted up vision?
[I]t's a military-grade psychological operation likely with state-level backing who's victims are washing funds for other clandestine ops.
Military-grade psyop I am in total agreement about, as it's a centralized group that has tens of millions (maybe more) of capital to deploy on beating the bushes, manufacturing advocacy, multi-level PR, etc., and bc it's so centralized these actions can be coordinated and executed w/ efficiency, at least up to a certain point.
But wrt the "state-level backing" part -- this is new to me. I could interpret it as something like "scam-like things operating as multiple billion dollar enterprises invariably attract big / powerful / ruthless players, which are often semi-nefarious state-level or organized crime".
But that's a pretty generic observation. Did you have a more particular one?
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101 sats \ 0 replies \ @justin_shocknet 23 Mar
directed toward
That banks and other incumbents will adopt a product or service from a corporation vs. an open protocol without a support structure, management and sales are part of the show.
who is buying into that tarted up vision
Never underestimate the ability of bot armies to sway people with no discernment, many such cases.
more particular
Your general statement covers it well, whether it starts off as a profitable scam and a state-level actor gets in on it, or a state-level actor that knows what Bitcoin is (itself a state-level psyop) and runs ops like XRP / Ethereum to challenge it in their favor, or at least buy themselves time, is immaterial.
Wouldn't it be something if a country otherwise threatened by Bitcoin-Dollarization uses XRP to covertly accumulate Bitcoin in the absence of mining hardware or electricity infrastructure? Perfect for North Korea that can't keep the lights on, or Iran who got pwned by stuxnet?
Controlled opposition is a plausible tactic too, XRP may simply exist as rat poison or a strawman to make Bitcoin look good through contrasting anti-thesis.
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