So everyone has been focused on the Bitcoin vs. Bitcoin Cash debate, yet there is another interesting rivalry in the cryptocurrency world that is starting to garner a lot of attention. While most people have heard of Ripple or XRP, many are just finding out about Stellar Lumens or XLM. After finding Ripple and leaving in a very public disagreement with the CEO he hired, Jed McCaleb has now started Stellar Lumens. Fixing some of the problems in Ripple, Stellar Lumens is a totally new code, however many people in the public space think the two are similar since they have the same founding owner. Just wanted to get everybody's insight on this rivalry. Keep it nice.
I myself have been interested in this topic as of late. I purchased XRP at a great price. Before the first big pump past 1$. Then I started hearing about XLM. From what I can tell they are both focused on transforming the banking industry and I am super excited about this move!!! I think the technology is going to really transform how the world uses and sends money.
There
are differences and I do NOT understand computer code at all. But from what I hear the codes are different. Also, they are both open source. So when one or the other comes up with something I'm sure it will be adapted to the competition's code. This makes it kind of hard to say who will come out on top though. I mean, they are both trying to change the same thing using the same technique right? So is it a race to see who gets more of the industry to join their "team"? (
The biggest difference that I can see it the fact that XLM is a not-for-profit company and XRP is definitely for profit. I am personally at a loss in this debate. Who's the better buy? Who's going to come out on top? And what differences am I not seeing?
In my opinion....because XRP was around longer and has more support I honestly think they will become the revolutionary change in this arm of the banking world. The question is will XLM be able to come in and make that "change" better? Kind of like Ethereum is doing to BitCoin (speed, price, domination, etc)?
The safe bet for me was to invest in both XRP and XLM because one of two things WILL happen.
1) Either one or the other will succeed and be a well-needed hit...
or
2) They will both succeed and either...
A) work side by side to change the industry
or
B) become fierce competition (think McDonalds and Burger King).
In my eyes, it's a Win/Win Either way.... if we thought 2017 was the year for cryptocurrencies then 2018 is the year that cryptocurrencies start to change big business. GET IN NOW...IT'S NOT TO LATE!!!!!
Thoughts?
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