Friday, November 03, 2017

Do you plan on investing in Ripple as an asset for the future? Answer - depends when you were born

Have you heard of blockchain? The answer is probably yes. Could you explain to your aged relative what it is and how it works. The answer is almost certainly No. If the answer is yes then you are probably lying or deluded.

Let's move on to the question of Ripple. Have you heard of it and you do you plan investing in it as an asset?

According to the folks that know about these things, it depends on your birthday

These are the results for 18 -24 year olds

And these for the 55+

In case you are wondering what the hell Ripple is ('Ripple provides a frictionless experience to send money globally using the power of blockchain')  then this should explain all. Got it?

Two things. I don't believe these numbers. I think they overstate the percentage for the 18-24 year olds and 1.34% is probably on the high side. But, I think it, and the other applications using blockchain, are examples of technology's relentless advancement that will leave a generation of oldies, who like to think of themselves as IT literate, stranded, in the same way as their grandparents. Dick Stroud

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