The answer is ABSOLUTELY - in terms of investment potential! Yes!
You may want to look at this threat titled 'Bitcoin without mining' ►
https://bitcointalk.org/index.php?topic=10193.0This is the beginning of Ripple (XRP)
isactually being discussed.
You will see posts in the ' Bitcoin without mining' thread from some of the
very same people that actually
createdhelped create Bitcoin (yes, that is a fact!); like David Schwartz (a.k.a. JoelKatz), J
ed McCaleb and
Mike Hearn.
In fact a couple may have actually been the mysterious 'Santoshi"! XRP and Bitcoin are completely different yet Bitcoin and XRP are both cryptocurrencies. XRP is cheaper, much faster, and more scalable, and much friendlier environmentally since mining is not needed. Bitcoin was designed as a global payment system and is primarily used as a store of value and a medium of exchange. XRP on the other hand was designed for instantaneous cross-border payments, but is being used by financial institutions an is quickly becoming popular with many cryptocurrency investors.
Could XRP (Ripple) Be the Next Bitcoin?I am sure upon seeing the title, you leapt out of your seat and got ready to disprove me. Well that is also my reaction upon seeing the title of this
article. I then read the entire article and it gave reasons why xrp can be the next bitcoin.
The article starts by introducing the two indicating their current value:
Two of the most popular cryptocurrencies right now are Bitcoin and XRP (XRP 1.95%). As of this writing (July 28), Bitcoin's price of roughly $120,000 is hovering near all-time highs. Meanwhile, at only $3, XRP appears much more modest. Looking at the value already, we can say that these two are miles away from each other. But then the article continues to dive into what makes xrp so unique to be compared to bitcoin....
Ripple offers a compelling alternative payments network for cross-border transactions. The Ripple network allows transactions to settle within seconds, and at a much lower cost compared to SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.The article then compared the two's supply. Bitcoin has a limit of 21 million while xrp has 100 billion limit. It made me laugh how the article quite explicitly said this about xrp...
the scarcity psychology seen with Bitcoin doesn't seem to be present.I think that we can stop reading the article after this one sentence...
Ripple holds a portion of the XRP supply, meaning the token itself is not fully decentralized like Bitcoin is.I do not know if anyone ever thought that xrp would be the same as bitcoin or would be the next bitcoin but just by looking at the two, the differences are too noticeable. If you want to ever compare an altcoin (or god forbid a memecoin) to bitcoin, just write it out and notice how foolish you sound.