Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs centralized Coins like Ripple
by
Yaunfitda
on 20/03/2025, 00:47:48 UTC
Bitcoin cannot be compared to any other crypto project, Bitcoin was the first and will remain the most decentralized one. No fraud by developers, no network security issues. For me, I only use the utility that altcoins have, buying them only to speculate and leverage my capital to then buy Bitcoin with some of the trade profits.
That's what we call prime mover in the market, and it's uptime is 99.99%. As for coins like Ripple, it's obvious that this is a banker's crypto, and as far as I can remember they have this technology called RippleNet,

Quote
RippleNet utilizes blockchain technology to provide financial institutions around the world the ability to move funds around, intending to build a unified global payments system, as there isn’t any sort of global payments system in traditional finance.

https://cointelegraph.com/learn/articles/ripplenet-the-decentralized-network-of-banks

But I do think that it has failed with this system though, as I believed that Bitcoin can still be used and as global payment or remittances as well as it is borderless. So I do not think that we can even have Bitcoin and Ripple in the same breath or sentence here.