This is where we fight (FUD and misinformation)!

Panosmek

Panosmek

I study Finance & Accounting and i am a big Ripple and XRP enthusiast!

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Ripple and XRP are now being attacked and hit with false claims and lies more than ever, mostly by bitcoin maximalists, paid authors and bank lovers that are against crypto assets. This time, the FUD and misinformation that is being spread, is not only about XRP being centralized or "it will never be used by banks", "it is useless" etc, things that we are used to, but also they have gone deeper spreading this misinformation about the nostro/vostro accounts and liquidity, claiming that Ripple is lying and many more.

It's reasonable if you think about it, the more successful you are, the more haters you will gain and try to drag you down... and steal your position. They fight against you because they either want to protect their own interests or/and because they hate you because you are better and this emotion always lacks logic. Spreading hate and misinformation like little kids that have nothing else to do. This thing has gone too far and unfortunately it will continue.

The current misinformation includes things that require more financial knowledge and understanding of how banks/ international transfers etc work, that most of the people in crypto market don't have and can be easily affected by those articles, that are also shared in big websites like Forbes, and believe them making it more difficult and confusing for new people that enter the crypto world. The only thing we can do is just debunk them and share common logic in order to inform the people that are in doubt. This will be difficult because we have to deal with people that are able to create fake news and expose themselves just for a few bucks. This is not only disgusting but it also proves how immature most of the people are which ultimately reflects the market.

I would answer line by line on the article written by Frances Coppola few days ago, but many people in the XRP Community have already done an amazing job both on twitter/XRPchat and youtube debunking those claims with sources and logic.

XRP Community is always ready to fight FUD and misinformation like the Spartans were ready to fight any war.
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The conclusion about this person is that she either has no actual understanding of how international transfers work as she states "much of my work in banks was concerned with IT systems" or... as i said above (which is the most likely) she is a central bank lover and hates Ripple and XRP for what they are trying to do and maybe she is also paid to spread misinformation and confuse people.

This week, we also saw twitter bots spreading FUD about XRP:
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And finally, we saw JPMorgan deciding to issue their own cryptocurrency and FUDsters taking that to spread misinformation against XRP. They are comparing essentially a stable centralized coin (which is actually USD in digital form), that will operate in a closed network and as JPM says "it is designed for business-to-business transactions" and it is just a test that it might not even be succesful, with an independent and universal digital asset that its primary use case is to bridge fiat currencies and make cross-border payments being used as a settlement tool.
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So, actually, two completely different things that have nothing to do with each other and will never compete even if JPM Coin is successful. But, still some bitcoin supporters were glad about this JPM Coin and supported it because it would "destroy and kill XRP". Isn't that ironic and hypocritical? Supporting the banks and a centralized coin, while you have claimed that you are against these, only to spread and show your hatred about XRP?

But as i said above, XRP Community is always ready and they destroy every FUD and misinformation that gets on their road.
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Conclusion: Even if we don't fight FUD and misinformation, the outcome will still be the same for XRP. It will still disrupt the financial and banking system eventually. Because it is one of those great innovations that surpass dark interests, politics, boundaries, legislations and definitely the will of the sheeple. It is the car that replaced the horse. No FUD or misinformation will stop it because the truth always comes to the surface sooner or later. It will just take longer than we expected if we sit and do nothing. But, we have a great, big and strong community and our voices can be heard by spreading facts and the truth.

The FUDsters say: "Our FUD will blot out the sun"
XRP Community answers: "Then we will fight in the shade"
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Credits and big thanks to Giannis Tsirogiannis for the inspiration.


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Panosmek

Panosmek

I study Finance & Accounting and i am a big Ripple and XRP enthusiast!

Read More