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My post is not advocating that anyone invest money in XRP. My comment is about the Bitcoin protocol vs. the Ripple protocol's methods of reaching consensus. T
by philrapo 13y ago
My post is not advocating that anyone invest money in XRP. My comment is about the Bitcoin protocol vs. the Ripple protocol's methods of reaching consensus.
The primary purpose of mining is to allow Bitcoin nodes to reach consensus about the blockchain. It is intentionally resource intensive. It takes 8-10 minutes. And it is subject to a 51% attack.
I believe that the Ripple protocol's method for reaching consensus is superior to Bitcoin's. It is orders of magnitude faster (2-5 seconds vs. 8-10 minutes). It is not subject to the 51% attack. It is not computationally expensive or resource intensive. It seems like a better design to me.
Ripple protocol =! XRP. If you don't like XRP, then don't buy it. Easy solution. Ripple is still valuable as a protocol, since it's currency agnostic.
@Goldenkey - While we're making demands of each other, please take your logic-free and malinformed vitriol off HN.