News for hackers. Stuff that matters.

A comment on Bitcoin Blows Past $9,000. Parent comment

Re:Bitcoin Blows Past $9,000 by deweller on Sunday November 26, 2017 @04:17PM (#15783033)
Not backed by banks is Bitcoin's primary value proposition.

Ripple will find a use and may do quite well. But it requires more trust in a few centralized parties. It won't replace Bitcoin's primary use case as the highest security value store and world-wide settlement layer.

[ Parent | on HN ]
Re:Bitcoin Blows Past $9,000 by acjohnson55 on Monday November 27, 2017 @01:05AM (#15785221)
Bitcoin effectively requires trust in a few centralized parties. The parties may not be set by fiat or syndicate, but the extent to which Bitcoin is truly trustless and decentralized in a way that is accessible to normal people is greatly exaggerated.
[ Parent | on HN ]