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Author Topic: Ripple vs Bitcoin? Decentralize vs Centralize, Who win?  (Read 811 times)
Grayy
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June 18, 2018, 10:14:30 PM
 #141

The main aim of blockchain is decentralization in every respect. People who truly believe in this technology will always go for the most decentralised coin, which is bitcoin. Centralization and pure manipulation take crypto back to the level of fiat.
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"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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Abiky
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June 26, 2018, 08:26:13 PM
 #142

The main aim of blockchain is decentralization in every respect. People who truly believe in this technology will always go for the most decentralised coin, which is bitcoin. Centralization and pure manipulation take crypto back to the level of fiat.

Exactly. That was the main purpose why blockchain was introduced with Bitcoin in the first place. Nakamoto wanted to create a system which eliminates the middleman or central control, to give the power back to the people. As such, the first ever application of the blockchain was in a decentralized manner called Bitcoin. Taking out the true value proposition of the blockchain such as decentralization and immutability, one would create a system that is easily manipulated by third parties with a single point of failure. Ripple is one good example of a centralized system, which makes it no different than fiat currencies controlled by central banks and governments.

On the other hand, decentralized cryptocurrencies will tend to become stronger and resilient against external attacks over time, because people support them. Since they're permission-less systems, anyone can join or leave the network at will without the authorization of a central authority or even a company like Ripple does. Therefore, decentralized cryptocurrencies will always win, as they experience constant demand by everyday individuals from anywhere on Earth, while centralized "cryptocurrencies" will fail in the future. Just my thoughts Grin

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August 16, 2018, 10:11:44 AM
 #143

The race against centralization versus decentralization will always be won and has always been won by the realization because it increases the security as no one corporation owns the regulation ad price value of the coin so bitcoin will win at a price
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