4 ms·
Not backed by banks is Bitcoin's primary value proposition. Ripple will find a use and may do quite well. But it requires more trust in a few centralized part
by deweller 9y ago
Not backed by banks is Bitcoin's primary value proposition.
Ripple will find a use and may do quite well. But it requires more trust in a few centralized parties. It won't replace Bitcoin's primary use case as the highest security value store and world-wide settlement layer.
- acjohnson55 9y agoBitcoin effectively requires trust in a few centralized parties. The parties may not be set by fiat or syndicate, but the extent to which Bitcoin is truly trustless and decentralized in a way that is accessible to normal people is greatly exaggerated.