[ad_1]
During a conversation at the Bitcoin Podcast, WhatBitcoinDid, Peter McCormack talked about Bitcoin (BTC) and XRP and what they mean for people. He mentioend that Ripple created Ripplecoin and kept some coins for themselves.
He went on saying that two to the investigations that the U.S. Securities and Exchange Commission (SEC) is conducting, Ripple pretends that Ripplecoin is decentralized.
About it, he commented:
"Ripple created Ripplecoin, kept a whole bunch of Ripplecoin for themselves, created value in Ripplecoin by pumping the price with lies, operate their business by selling Ripplecoin and pretended Ripplecoin is decentralized because of the SEC's threat."
On Twitter, Mr. McCormack said that Bitcoin is a tool to make money.
Why is it important to promote Bitcoin yet call out Ripplecoin?
Let's take financial bias out of the question, take no bags, and there is no financial incentive.
– Bitcoin is a tool to separate money and state
– Ripplecoin is a company to make people moneycont …
– Peter McCormack (@PeterMcCormack) December 9, 2018
He explained that Bitcoin can provide protection against hyperinflation, self-sovereignty, and help to those who do not have access to financial institutions. For him, Bitcoin's key is decentralization allowing individuals to freely transact funds without intermediaries.
About Ripple, he says that he is a competition to Bitcoin and a company that distributed FUD against Bitcoin. Furthermore, he says that XRP is a centralized, pre-mined cryptocurrency that enriches Brad (Brad Garlinghouse, the CEO of Ripple) and his friends.
However, there were some XRP proponents that answered McCormack and what he said about XRP and Ripple. Matt Hamilton, a software developer from IBM said he was trying to mislead people with the statements he gave when calling Ripplecoin a company. Mr. Hamilton went on saying that XRP would take a hit if the ripple would disappear from the market.
Although we are in a market that has strongly affected virtual currencies, Bitcoin and XRP continue to expand. The banking consortium R3 announced a few days ago that Corda Settler would be accepting XRP as a cryptocurrency.
In addition to it, Bitcoin's Lightning Network (LN) is growing as well. The number of nodes in the Lightning Network has grown 9.66% in the last month. The number of channels has increased by 42.3% and the network capacity 320% in just the last 30 days.
Bitcoin can be purchased around $ 3,500 and it has a market cap of $ 61 billion. It is a market cap of $ 12.47 billion.
[ad_2]Source link
