Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by mgberlin on Friday April 21, 2017 @02:17PM
(#14167932)
Ripple has written a compelling implementation. It can handle massive transaction volume, is building a network internationally with established banks, is slowly releasing more currency into the wild resulting in inflation, and is pre-mined to avoid having to do proof of work.
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Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by jeremyt on Friday April 21, 2017 @02:30PM
(#14168047)
Ripple, while interesting, isn't designed to be crypto money, it's designed to be a global settlement network, which is the first thing you'll see when you go to their webpage.
Furthermore, their transaction costs are currently at a minimum an order of magnitude more than what a Bitcoin transaction costs, running to 2-3 orders of magnitudes. It's a replacement for the SWIFT network, which is all great but not really directly competing with Bitcoin.