XRP is a permissioned blockchain designed for private central banks. It allows centralized control and allows a small group to decide what transactions are and are not acceptable. Doesn't matter which specific entities are ultimately in charge. It is designed to continue the existing system where a small group of elites can decide the circumstances under which we are allowed to spend our money.
Only proof of work, fully public blockchains like Bitcoin are truly decentralized. Everything else should be resisted.
Bitcoin has a risk of having 51% attacks. Most of the mining was centralized based on country control. It does not scale to real world transaction rates and consumes too much energy.
XRP is a permissioned blockchain designed for private central banks. It allows centralized control and allows a small group to decide what transactions are and are not acceptable. Doesn't matter which specific entities are ultimately in charge. It is designed to continue the existing system where a small group of elites can decide the circumstances under which we are allowed to spend our money.
Only proof of work, fully public blockchains like Bitcoin are truly decentralized. Everything else should be resisted.
Bitcoin has a risk of having 51% attacks. Most of the mining was centralized based on country control. It does not scale to real world transaction rates and consumes too much energy.