Ripple's Ceo Angers Bitcoin Fans...
Speaking to Bloomberg inwards Singapore, Garlinghouse said:
"Some may hold off dorsum at Bitcoin too nation that it is the Napster of digital assets. What I hateful past times that is that Napster was the offset to digitize music too demonstrate that you lot tin produce a lot of cool things amongst that.
But ultimately they were circumventing trademark laws, they were circumventing royalty payments too and hence regime stepped inwards too Napster wasn’t successful. But Spotify, iTunes, too Pandora were successful.
I mean value what you lot volition honour is that perchance the side past times side generation of digital assets volition terminate upward solving some of the problems that Bitcoin laid upward out to solve."
It's an interesting battle every bit Bitcoin faces criticism roughly issues of scaling - leaving some questioning Bitcoin's long-term usefulness every bit a currency, too Ripple faces criticism for lack of decentralization, 1 of Bitcoin's brain components.
Author: Oliver Redding
Seattle News Desk
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