Buy Bitcoin BTC and NOT Ripple XRP!

00:02 hey everyone this video is about Bitcoin
00:04 versus Ripple xrp xrp is a sort of a
00:09 crypto token that’s issued by Ripple
00:12 Labs so I posted on Facebook in sometime
00:15 in the last few days that uh when the
00:17 tide comes in which is Bitcoin that the
00:19 trash floats to the top which is
00:21 Dogecoin uh Sheba an new and I threw in
00:24 their xrp uh Ripple xrp and someone
00:28 commented that hey wait a second that
00:30 not trash it has a real world use case
00:33 um so I wanted to address that and the
00:34 first thing I’ll say is um one I know
00:37 not that much about Ripple xrp Etc I
00:40 have not done the research uh because
00:43 the whole thing seems like a scam to me
00:45 and when all my scam radar goes off it
00:47 just doesn’t seem like it’s worth a huge
00:49 amount of time um but um I’m going to
00:51 address what if it is a scam and then
00:53 what if it isn’t a scam so um and for
00:55 anybody who is a fan of Ripple or xrp um
00:59 I would welcome you to please do a
01:01 Facebook live video send me the link or
01:03 do a long voice note on Facebook
01:05 messenger and send it my way or if
01:07 you’ve got some links uh you can send me
01:09 that would be helpful I would love to
01:10 hear them so this video is my opinion
01:13 but it’s also an open invitation for
01:15 anyone who wants to defend Ripple and
01:17 xrp to please send me stuff that
01:20 attempts to prove me wrong because I
01:22 love reading stuff that attempts to
01:23 prove me wrong so Ripple and xrp what is
01:26 it well it’s a crypto token that’s
01:28 intended to uh compete with the Swift uh
01:32 and fedwire banking networks for
01:34 crossborder payments now the first red
01:37 flag is the founding team behind it were
01:40 behind uh Mount goau before they sold it
01:43 uh Mt goau was the cryptocurrency
01:45 exchange that blew up in 2014 and lost
01:48 like 850,000 Bitcoin like it was a huge
01:51 deal anyway well um some of the same key
01:54 figures I believe are the same key
01:56 figures in uh Ripple xrp and rather than
02:00 the fair distribution Network that
02:02 Bitcoin has where every single Bitcoin
02:05 has to be mined by the use of real world
02:07 electricity and computing power Ripple
02:09 is set up where there’s a 100 billion of
02:11 them and I think there’s something like
02:14 57 uh billion uh in circulation and they
02:17 have another like 43 billion in escrow
02:20 and all this sort of stuff but it’s
02:22 super murky um so the first question is
02:25 well how much are in circulation and as
02:27 compared to how much are not in
02:28 circulation so with Bitcoin
02:31 uh 94% of all the Bitcoin that will ever
02:33 be it might be close to 95% right now
02:35 but I’ll say 94% of all the Bitcoin that
02:37 will ever exist have already been mined
02:39 they are already in circulation and the
02:41 remainder will roll out between now and
02:43 2140 which is 116 years so we know with
02:47 Bitcoin at every single point in time
02:50 exactly how much Bitcoin there is right
02:51 now exactly how more Bitcoin will be
02:54 released into the marketplace and every
02:57 single Bitcoin is backed by an amount of
02:59 computation
03:01 uh computing power and electricity uh in
03:03 the ballpark of the value of the Bitcoin
03:05 at the time it was mined that is the
03:08 what’s called um uh irrefutable
03:11 costliness or unforgeable costliness
03:14 meaning you know that every Bitcoin is
03:16 backed by electricity and computing
03:17 power that is not the same with ripple
03:19 and x xrp a huge amount of it is stored
03:22 in escrow and the escrow was supposed to
03:24 be released by 2025 but then they bumped
03:26 it to 2027 and basically it’s super
03:29 murky on when does this Ripple get
03:32 dumped in the market and how who owns
03:34 what and how and where and all this sort
03:36 of stuff anyway it’s just all the alarm
03:38 bells of a massive Mega scam uh go off
03:41 in my mind similar to Tera Luna which
03:44 blew up last year and wiped out $60
03:47 billion and you know there’s been a
03:48 bunch of them a bunch of scams same with
03:50 FTX Etc so it just it it it smells like
03:53 looks like and feels like something that
03:55 doesn’t feel right to me so uh so that’s
03:57 the first big red flag is that a bunch
03:59 of the ripples is owned by uh Ripple
04:02 Labs uh a bunch more of the Ripple uh
04:05 the xrp token is owned is controlled by
04:08 Ripple labs and the monetary policy if
04:10 there even was such a thing with regard
04:12 to Ripple is basically trust me bro uh
04:15 and the problem is trust me bro is uh a
04:18 horrible monetary policy when you just
04:20 have no idea how much xrp is going to be
04:23 in circulation how it’s going to end up
04:25 in circulation and basically how your
04:27 xrp is going to get diluted by all the
04:30 other xrp and I just think that uh you
04:33 know one of the original Founders
04:35 already dumped all of his xrp and walked
04:37 away it’s just the whole thing’s a mess
04:39 okay so it it looks like smells like
04:41 feels like a scam coin that’s going to
04:44 end up in a rug pole and a rug pole is
04:45 basically when the whole thing collapses
04:48 and the original founding team who
04:50 reserved a bunch of the Bitcoin or not
04:52 Bitcoin but xrp for themselves basically
04:55 walks away rich and you get screwed so
04:57 it looks like feels like and all of
04:59 those things but again if you have
05:01 evidence to the contrary please send it
05:03 my way but okay so let’s assume it’s not
05:06 a scam let’s assume that the people who
05:08 are in favor of xrp actually that it’s
05:12 got a legitimate use value okay even if
05:15 it does the question is why on Earth
05:17 would you invest in it and here’s the
05:19 logic this is a problem that is shared
05:21 by every utility token which is a
05:23 utility token unlike Bitcoin which
05:26 stores value which means as it gets more
05:28 expensive it actually does it job better
05:31 unlike Bitcoin which gets better at
05:33 doing its job the more expensive it gets
05:35 and therefore there’s an incentive for
05:37 the price to rise a utility token is the
05:39 opposite there’s an incentive for the
05:41 price to go down or for people to switch
05:44 to a different technology so there’s no
05:46 benefit with the utility token of the
05:49 token itself being expensive and as as
05:53 the token gets more expensive people
05:55 move to other platforms because that is
05:57 the economic incentive so for example
05:59 every everybody thought ethereum was the
06:02 next big thing and I dumped all the
06:04 ethereum I owned back in 2021 back in
06:07 either March or April of 2021 so three
06:10 and a half years ago 3.5 years ago I
06:13 sold what little ethereum I had because
06:15 I came to the same conclusion three and
06:17 A2 years ago so this is the conclusion I
06:19 came to three and a half years ago that
06:20 apparently other people have still not
06:22 come to which is wait uh if ethereum
06:25 becomes successful which it started to
06:27 be then ethereum will get more expensive
06:30 which happened at which point it will
06:32 not be affordable to transact on the
06:34 ethereum network which happened at which
06:37 point people will switch to another uh
06:39 platform which happened at which point
06:42 the price of ethereum as compared to
06:44 bitcoin will be way lower which also
06:46 happened okay so all of that happened
06:49 and people switched over to salana uh
06:51 mostly salana and Tron and Eland and a
06:55 bunch of other platforms okay so I just
06:58 don’t understand why the same would not
07:01 happen in the case of xrp uh there’s no
07:04 benefit to the Token as a utility token
07:07 being expensive in fact there’s a
07:08 massive disincentive for it to be
07:10 expensive which means if the price of
07:13 the token is going up I don’t think it’s
07:14 going up because the network is becoming
07:16 more useful I think it’s going up
07:18 because people are speculating on it
07:20 because they don’t understand which is
07:21 the same reason that the price of Sheba
07:23 Anu goes up or the price of Dogecoin
07:26 goes up or the price of Floy goes up or
07:29 the the price of dog with hat goes up
07:32 they’re all joke tokens and even the
07:35 utility tokens again if they have value
07:37 people will switch so if whale oil
07:40 becomes too expensive people will switch
07:42 to kerosene which they did if kerosene
07:44 becomes too expensive they’ll switch to
07:46 electricity which they did if generating
07:49 electricity expensive ways becomes more
07:51 you know too costly they’ll find less
07:53 expensive ways so the same is true with
07:54 xrp I just I don’t understand what
07:57 benefit the expense of the token is or
07:60 why people would not switch so if the
08:02 token goes up in value it means it is
08:05 more costly to use the network and if
08:07 it’s more costly to use the network why
08:09 would you not switch to a less expensive
08:11 Network so let’s try to think of some
08:13 real world examples what if using Google
08:16 required a Google token and everybody
08:18 started basically uh you know everybody
08:21 started uh buying Google tokens CU
08:23 they’re like look in the future
08:25 everybody’s going to be using Google
08:26 with a Google token well the the short
08:28 take is no they’re not they’re going to
08:29 switch to a search engine that’s free so
08:31 if if alav Vista or asjes or Yahoo or
08:36 Google had become more expensive to use
08:38 with time people would have switched to
08:40 a different search engine the same with
08:42 social media if each social media
08:44 required a token to use and that token
08:47 became more and more expensive over time
08:49 people would not use it anymore same
08:51 with Chuck-E-Cheese and with a arcade if
08:55 somebody said hey let’s start buying up
08:57 arcade tokens because the tokens are
08:59 getting more expensive by the day and
09:01 we’re positive everybody’s going to play
09:03 video games at the arcade for $100 you
09:05 know per race the answer is no they’re
09:08 not they’re going to go to a different
09:09 arcade like there’s no benefit to the
09:12 Token being expensive other than as an
09:15 incentive for people to switch to a less
09:17 costly Network so that is my prediction
09:20 of what will happen with xrp and I just
09:22 have never met anybody who has an answer
09:24 to that question I have posed that
09:26 question to people who own ethereum as
09:29 an investment I’ve posed that question
09:31 to people who own salana as an
09:32 investment and I’ve posed that question
09:34 to people who own xrp uh from Ripple
09:37 Labs as uh uh as an investment and I’ve
09:40 said well look I get it if you if you
09:42 plan to use their Network use the
09:45 utility of their Network then I can see
09:47 why you would own the token to use the
09:49 utility but none of these people are
09:51 planning to use the utility of the
09:52 network they’re all planning on the
09:54 price going up with the belief that
09:56 someone else somewhere will use the
09:58 utility of the network now the the the
10:01 the the beauty of Bitcoin is that when
10:03 you own Bitcoin you own Bitcoin even if
10:05 you own a Bitcoin ETF you are leveraging
10:09 the store of value properties of Bitcoin
10:12 because every single share of a Bitcoin
10:13 ETF represents a fractional sh piece of
10:17 a Bitcoin like one for one 100% so
10:20 anytime you own any form of Bitcoin
10:23 whether it’s a Bitcoin ETF or the real
10:25 thing in the palm of your hands in a bit
10:27 key uh storage device you are using
10:29 using the store of value properties of
10:31 Bitcoin but xrp and salana and ethereum
10:36 are not intended to be a store a value
10:38 technology they are a utility platform
10:40 technology which means they’re not
10:42 supposed to store value which means
10:44 buying their their
10:45 token as a way as an investment just
10:49 makes no sense to me again unless you
10:51 intend to use their token for whatever
10:53 it’s intended purpose was and I can
10:55 promise you none of the people I know
10:57 who own xrp are planning to to do crossb
11:01 uh remittances and need the xrp token to
11:03 do that that is not why they own it they
11:05 own it as an investment so that would be
11:07 the question I would present to anyone
11:09 including anyone watching this video who
11:11 owns xrp or salana or ethereum which is
11:14 why would you own that as an investment
11:17 if the thesis of the investment gets
11:20 worse the more popular it begins if the
11:23 token price goes up the cost to transact
11:26 on that Network goes up and the
11:28 incentive to switch to a different
11:29 networ work goes up thereby making your
11:32 investment go down it’s it’s it’s the um
11:36 you know it’s it’s a classic case of
11:38 something that you know there’s there’s
11:39 certain assets that get better at doing
11:41 their job the higher their cost so for
11:44 example luxury goods the more expensive
11:46 a Rolex is the better it communicates to
11:48 the world that you’re rich which I don’t
11:50 wear a Rolex and I never will but the
11:52 point is cost is an asset but for the
11:55 vast majority and same with Bitcoin the
11:57 more the more expensive Bitcoin is is
11:60 the better it stores value and therefore
12:02 more people adopt it and therefore it
12:04 goes up in value it gets better with
12:07 price utility tokens do not work that
12:09 way they get worse with price and the
12:11 incentive to switch to a different
12:12 network goes up um and and again I just
12:16 don’t know why these networks wouldn’t
12:18 eventually Trend towards zero Because
12:20 the actual cost to run these networks is
12:22 almost zero and so why would the utility
12:24 token that runs the network increase in
12:27 value so if anybody has a question has
12:29 an answer to that question let me know
12:31 if you have articles I need to read let
12:33 me know if you have specific podcast
12:36 episodes that answer that question
12:38 please send them to me because nobody
12:40 seems to have those things at least
12:41 nobody I’ve been able to talk to or find
12:44 and I would love to know someone again
12:46 who owns xrp or salana or ethereum I
12:50 would love to know what your investment
12:51 thesis is and why you think the token
12:54 will become more why you think people
12:56 will not just switch to a different
12:57 platform as the token gets more
12:59 expensive because these are not sticky
13:01 platforms it’s not like once you’re
13:03 invested in one platform you can’t I
13:05 mean all of these platforms you can just
13:07 switch there’s there’s not a high
13:09 switching cost as compared to bitcoin
13:11 which is there’s a very high switching
13:12 cost because nothing you know
13:14 replicating Bitcoin security model and
13:15 all that is basically completely
13:17 impossible um replicating a token like
13:21 uh salana or ethereum or xrp is just not
13:25 hard there’s like a bunch of them uh
13:28 those are the most common uh recent ones
13:30 but there’s a bunch of other ones
13:31 there’s Tron there’s I mean there’s just
13:33 a bunch of them so I just don’t I just
13:35 don’t understand the investment thesis
13:37 and I get the impression when I talk to
13:39 people who own those assets that they
13:41 don’t seem to have a well I have not
13:45 heard any of them articulate a coherent
13:47 investment thesis for why they own the
13:49 asset and why it will increase in value
13:52 other than just pure speculation and
13:55 Heck if you’re speculating well okay but
13:57 I would never speculate like spec
13:60 speculating is a bad investment approach
14:04 the correct investment approach is to
14:07 come up with a deep conviction on a
14:09 technology or a value proposition
14:12 thoroughly research that build a deep
14:14 conviction in that value proposition or
14:16 that thesis and then invest accordingly
14:20 which is what I do which is why I Own
14:22 100% Bitcoin and I do not own any other
14:25 crypto or any other smart contract
14:26 platform or any of these other things
14:28 because I there’s just I don’t have any
14:30 conviction that any of those are a good
14:32 investment for all the reasons I’ve said
14:34 so if you uh do have a conviction I
14:38 would love to hear it send it my way I
14:40 like to I like to think I’m open-minded
14:42 and I will certainly read or listen to
14:44 any resources you send my way that would
14:47 attempt to disprove my thesis that you
14:49 should invest exclusively in Bitcoin and
14:52 not in Ripple xrp or in salana or in
14:56 ethereum or any of those other coins
14:58 hope it helps send me resources if you
14:60 disagree I promise to read or listen to
15:03 any resources you send me that disagree
15:05 with my point of view and I would be
15:06 honored to do that thanks