Chief Technical Officer of the Issuer XRP company Ripple David Schwartz Reveals His Biggest Fear Bitcoin-maximalists.
Representative of the «Army XRP», known by the pseudonym XRPcryptowolf, wondered why Bitcoin ardent supporters have begun verbally attacking community members XRP and employees Ripple. David Schwartz responded to him, deciding to clarify the situation.
Because we advocate for equal conditions for everyone, in which the government does not bet only on favorites. Bitcoin- maximalists have always feared this most of all, — wrote Schwartz.
David Schwartz
It is obvious that we are talking about the feud between Bitcoin supporters and XRP, which began after Ripple accused of trying to prevent the creation of a state-owned BTC fund in the United States. The firm’s CEO Brad Garlinghouse сообщилthat his organization advocates for the inclusion of several cryptocurrencies in the list of reserve digital assets. Bitcoin- maximalists are against investing in altcoins and want the US government to buy only BTC.
I guess, that Bitcoin will continue to be the number one cryptocurrency for a long time because the value of money [apparently BTC] is not due to technology, but to network effects. But who knows… — concluded Schwartz.
David explained that by a long time in the cryptocurrency sphere he means a period lasting from three to five years. Accordingly, in his opinion, no one will be able to shake Bitcoin’s hegemony for at least the next three years. At the same time, Schwartz admits that sometimes changes happen literally overnight, so in the event of some catastrophic events, for example, a hypothetical 51% attack on the BTC blockchain, Bitcoin may quickly lose its leading position.