Reading the news of the alleged transfer of $50 millions worth of XRP by the ower signaling a take profits actions as the coin touched5it all time high recently, his actions point to lack of confidence and deliberately interference with the market movement of the coin, this another example of centralized coins and how the owners can interfer as the which.
Such can never happen with bitcoin, since bitcoin creation, and the multiple all time high, Satoshi wallet have remained untouched and a deliberately liquidity provided by the bitcoin creator, being decentralised and with zero owner interference, if wyou want to hold any coin, just hold bitcoin.
The difference is that when Satoshi unveiled Bitcoin as a sound and hard form of money, he didn’t know it would actually take off. Bitcoin grew naturally and organically,. Everything else is basically some kind of copycat created with just one goal , to enrich the founders and insiders.For example, Ethereum had around a 70% premine that the insiders and founders allocated to themselves before launch, XRP even 100%, and it’s the same story with all the other centralized shitcoins.
But the biggest problem with most altcoins isn’t that they were created as a scam, but their centralization. If someone can print new money whenever they want, they will take advantage of it. The strength of Bitcoin lies in its true decentralization and the fact that no one can arbitrarily change the rules. Creating new Bitcoin is very costly it requires significant investment in mining equipment and infrastructure to produce each new coin.
Ripple’s company or Vitalik and their associates can always decide to print more coins for themselves. For example, history provides many cases such as glass beads or Rai stones.
When Europeans first came into contact with peoples who used such items as money, they immediately exploited the system. Europeans took advantage because they could easily produce glass beads , just like Vitalik and Ripple can create more ETH and XRP with the push of a button and almost no cost. If someone has the ability to print more money for themselves, they will use it; it’s only a matter of time.That’s why you should stay as far away from altcoins as possible , it’s just a pump and dump scheme. Don’t hold them long-term, because eventually, they will all be worth zero.