the foundation is some group of fly-by-night scammers
This was my implication. I have known 'Stellar' since its beginnings as Ripple. I have no expectations of changing your mind or obligation to convince you otherwise. Just thought I'd share my viewpoint.
Ripple has only just now, in 2018, published their decentralized consensus algorithm (Cobalt), which as far as I know is not even in production use yet, and doesn't provide optimal safety. (In settings where Cobalt is guaranteed Safe, SCP would be too, but not vice versa.) Their production network still uses a protocol that, by Ripple's own analysis (https://arxiv.org/pdf/1802.07242), fails to guarantee safety without >90% agreement on the UNL.
When SWIFT was devised, the idea of having a singular system for resolving these transactions not only made sense but was (probably?) technically necessary. I think given where we are today, multiple competing protocols, each with their own advantages, may be viable.
Lastly, for finance, consumer choice is valuable: I like being able to Venmo my friends, autodeposit my landlord, slow mail my bills, and Apple Pay my retail purchases. I don’t send money overseas but I could imagine a similar bifurcation of solutions in this space, all with their own advantages.
My impression was that Lumens seemed to be solving one of the legitimate problems of the world—the inefficiency of the SWIFT system for cross-border transactions—and appears to have a viable model for doing so.
I don’t see how whether or not it’s centralized makes it a swindle?