I HATE XRP AND SOLANA

Summary

In this video, D Vinci Jeremy expresses his critical views on XRP, calling it a banker’s coin tied to an exploitative banking system. He explains that while XRP is useful for bank transactions, he refuses to invest in it due to its potential for control and manipulation. However, despite his dislike for Solana, Jeremy invests heavily in it because of its low transaction fees and its growing popularity, especially with meme coins. He predicts Solana will outperform other cryptocurrencies in the near future, driven by meme coin investments, while Bitcoin remains the long-term wealth builder.

Takeaways

• 😀 The speaker dislikes XRP because it is perceived as a 'banker coin' that ultimately serves the interests of banks, which control a large portion of the economy.
• 😀 XRP is already being used by banks for quick and efficient money transfers, but the speaker believes it could lead to the expansion of bank control over financial systems.
• 😀 The speaker argues that the current banking system has harmed economies worldwide and will not last forever, which is why they choose not to invest in XRP.
• 😀 The speaker questions why anyone would support XRP, given its potential to aid oppressive regimes like Venezuela, Iran, and North Korea by restricting freedom of transactions.
• 😀 Solana is favored for its low transaction fees, which enable smaller-scale transactions, like $10, without worrying about high fees, making it accessible to a wider audience.
• 😀 Unlike Ethereum and Bitcoin, which are more suited for large transactions, Solana allows for quick, affordable transactions even for small investors.
• 😀 Solana supports the meme coin ecosystem, which draws in investors looking for potential high returns, even though meme coins are often compared to lottery tickets.
• 😀 The rise of meme coins on Solana’s network is expected to boost its growth, making it a strong contender in the crypto market, especially in the near future.
• 😀 By 2025, Solana is predicted to outperform other cryptocurrencies, as it stands to benefit significantly from the rise of meme coins and the demand for cheap, fast transactions.
• 😀 The speaker recommends investing in Solana, suggesting it is the smarter choice compared to XRP, and implies that those who switch to Solana will see greater returns as the market evolves.

Q & A

Why does the speaker dislike XRP?

The speaker dislikes XRP because they believe it is a 'banker coin,' meaning it is designed to serve the interests of banks. They argue that XRP will eventually be controlled and manipulated by banks, which could lead to restrictions on its use, thus preventing decentralized control.

Why does the speaker dislike Solana despite investing in it?

The speaker dislikes Solana because they believe it can be co-opted by centralized powers, similar to XRP. However, they invest in Solana due to its low transaction fees, which make it accessible for people to engage with the crypto ecosystem, even with small amounts of money.

What is the main reason the speaker prefers Solana over XRP?

The main reason the speaker prefers Solana is because of its low fees, which allow users to make quick transactions without worrying about high costs. This is particularly beneficial for those with small amounts of money, unlike Ethereum or Bitcoin, where fees can be high unless large amounts are transacted.

Why is the speaker skeptical about the long-term dominance of banks in the economy?

The speaker argues that the dominance of banks in the economy is coming to an end. They point out that historically, banks accounted for only a small percentage (6-10%) of the economy, and in recent times, their power has been artificially inflated through money printing. They believe this system will eventually collapse.

How does the speaker view the role of XRP in the banking system?

The speaker views XRP as a tool for banks to transfer wealth between each other. While they acknowledge that XRP is beneficial for banks in that context, they do not support it because they believe it will ultimately be used to control and restrict financial transactions, undermining the decentralization that cryptocurrencies offer.

What is the speaker's opinion on investing in the banking system?

The speaker is strongly against investing in the banking system. They believe that banks have a history of exploiting people and causing harm, and they do not want to support a system that they view as corrupt and harmful to the economy and individuals.

What does the speaker think about the future of meme coins?

The speaker believes that meme coins, despite being seen as illogical or speculative, will perform well in the near future, especially in 2025. They attribute this to the growing popularity of meme coins and their ability to attract people who feel they missed out on early cryptocurrency gains, particularly Bitcoin.

How does the speaker explain the success of meme coins?

The speaker explains the success of meme coins by comparing them to lottery tickets. While it may seem irrational to buy them, people are drawn to the potential for massive gains, even from small investments. This speculative behavior is what drives the popularity and price increases of meme coins.

What is the speaker's prediction for Solana's performance in 2025?

The speaker predicts that Solana will outperform other cryptocurrencies in 2025, largely due to its integration with the meme coin ecosystem. As meme coins gain traction and more people enter the market, Solana's low transaction fees and fast processing will make it a key beneficiary of this trend.

Why does the speaker recommend selling XRP to invest in Solana?

The speaker recommends selling XRP to invest in Solana because they believe Solana represents the future of cryptocurrency. While XRP is seen as useful for banks, it lacks the potential for the decentralized growth and mass adoption that Solana offers, especially in terms of facilitating small, low-fee transactions.