Ripple is far from trust-minimized. As a result it has high governance costs, including the disputes described here, and poor social scalability.https://twitter.com/BitMEXResearch/status/960686999433703424 …
-
The value of Ripple is in its marketing and relationships with the banks. People are more likely to adopt something they can use widely. That is why scarcity doesn’t matter. I heard u speak at Blockstack... gracious and forthright:)
Those kinds of relationships are far less socially scalable, and entail much higher governance costs, than a trust-minimized public blockchain.
-
-
What is "a trust-minimised public blockchain"?
-
I had to photograph his notes, I couldn’t keep up with his depth of concepts. And I couldn’t write fast enough to take good notes. Trust minimized....seems antithetical to public blockchain.
-
Would "minimized" make this an exact antithesis?
-
I think this dichotomy between the two channels is where in lies the difference in approach but the end results may be more similar and both are necessary to balance each other out.
End of conversation
New conversation -
-
-
I don’t disagree but the public doesn’t care about the intricacies. It’s too technical. We need cash flow injection into the economy like Japan.pic.twitter.com/6wI0WsuNI1
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I have a question....about social scalability.... the SEC Chairman today talked about Governance.... and Futures.... “that market is for high net worth clients”....the Futures traders can cause price depreciation in a matter of seconds. Doesn’t this affect social scalability?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Im thinking xrp is aiming for enough decentralization vs complete decentralization (which not crypto has btw). As u know decentralization has different levels and layers, its not black and white. Different levels of trust are required for what goals they wish to accomplish.
- 1 more reply
New conversation -
-
This Tweet is unavailable
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.