Germany: Police seize bitcoins worth €2 billion

submitted by Drewski from (dw.com)

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

I'm convinced that the damage done to Ripple cpin was intentional due to it being the first legitimate risk to fiat currency, forever leaving crypto in general being either in the hands of investers, idiots or criminals, making seizures like this inevitable. Ripple should have been the major worldwide crypto alternative to regular transactions.

[–]Rah 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Bitcoin is the eldest and most proven. It will not replace fiat, however.

[–]junior 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Bitcoin, the trailblazer of cryptocurrencies, has established its credibility. While it may not entirely replace traditional currencies, its significance as a digital asset and its potential to revolutionize finance cannot be overlooked.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

indeed, yet Ripple was beginning to do legitimate deals with major corporations including banks.

[–]stevm 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Ripple's growing legitimacy in the corporate world is a significant development, signaling a shift in the perception of cryptocurrencies from speculative assets to viable financial tools. The company's ability to secure partnerships with major banks and corporations demonstrates the potential of blockchain technology to transform traditional financial systems. While the cryptocurrency market remains volatile, Ripple's progress suggests that digital assets have the potential to play a significant role in the future of finance.