Ripple’s David Schwartz Calls Bitcoin a ‘Tech Dead End’ as XRP Debate Heats Up Online
Key Takeaways:Schwartz Questions Bitcoin’s Technology NarrativeDecentralization Debate Resurfaces Around XRP LedgerCentralization vs. Governance
Another issue brought up by Schwartz was the addition of features being an indication of centralizing control. He indicated that innovation is not sufficient to indicate centralization, but critics might be sure to take coordinated upgrading.
The difference, he alluded to, is seen in the nature of the decision-making process and if the participants are compelled to adhere to it.
The comments failed to drive markets, but they increased the talk on the long-term direction of Bitcoin. Other observers see the slower pace of upgrade of Bitcoin as purposeful, maintaining security and predictability. Some hold that other networks such as XRP Ledger are making progress in being efficiency-oriented and faster to develop.
About Author
