Agree. XRP is pushed by the bankers, as a hedge against the possibility of BTC becoming the world's digital gold. Which is why I, and many more, have steered clear of it.
I prefer the idea of money generation, methods of exchange, etc., controlled by the people of the world - NOT central banks (no longer a need for banks), government (look for future replacement of government), etc.
I'm all about freedom of trade, living independently, and following the commandments of the one who put us on this planet to begin with. Deviated from any of these and humanity sinks into a murderous, deviant hellhole.
If we don't blow ourselves up first, I think the internet will allow for a world governed by self rule, following closely God's law. Much like the USA at its inception.
Our system of government has far too few representatives of the people, making it too easy for theses few, tenured for four long years, to be corrupted and in turn corrupt our laws to favor big government and big business.
Around the turn of the century, I was involved in creating a government accounting/budgeting system which used a unique identifier (exactly like crypto) to track every single purchase from appropriation to expenditure.
It was a local development that was spreading until two very high government officials retired and became consultants for SAP. SAP then won a 1 Billion dollar contract to develop and implement a version of accounting which used their proprietary modules at an annual lease of millions and millions of dollars.
Just before I left, I saw a bit of the effort that went into trying to implement and tie SAP's way of doing things into the government's accounting processes - it was a serious train wreck. Disgusted, I've avoided any news of the final outcome to this day.
DLT and open source/government software running on our government systems would save us billions and billions, but it's not who saves, it's who can spend the most - which I believe is rooted in our debit based on nothing monetary system.
Imagine all government budgeting/appropriation/spending (except sensitive/classified), accounted for through a distributed, open ledger system, accessible by anyone with a internet connection.
Imagine all budgets/funding/expenditures voted on/approved by the actual citizens of a nation/state/local government bodies.
Imagine all laws and regulations voted on/approved by the actual citizens of a nation/state/local government.
These are just a few examples of the power that the internet would allow to be transferred from a powerful few to the entire populace.
There would need to be safeguards, individual rights, guarantees, requiring a super majority of the people to implement/change - like there is in our current Constitution.
I think this is what this technology allows us to do.
Yes I know XRP is nick named the Bankers coin. This is because it is regulation friendly, and now so is Bitcoin since they now want to be traded by Wall Street Institutions in order for the price to increase.
A lot of people argue that BTC is centralized since China has nearly 75% of the Hash power. Although Japan and Russia are ramping up mining has power. So I am doubtful China will be able to maintain its dominance.
As you already we have a huge financial problem that will affect all of us soon. Something has to be done or we will all be in great economic trouble. This is why I prefer a coin that works with the regulators and the government vs. opposing it. It should be the solution and not an adversary. As for the old Federal Reserve Banking system. It will be toast in 20 years. Although I am sure the families will probably still be very wealthy for at least 4 more generations.
If it’s the same SAP that deals with payroll, then I am very familiar with it. Haha!