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throwaway657656 | 1 year ago

Of all the coins why choose the one that is not regulated in anyway. At least the others like BTC, ETH, SOL are regulated by the unaffiliated miners and stakeholders.

What prevents the XRP team from introducing any arbitrary fork such as a dilutions that are then forced on their nodes ?

Trustlessness is a core feature of a cryptocurrency and XRP seems to require a whole lot of trust/faith. But I guess faith is what makes it perfect for its cult like following.

Serious question, are you also deeply religious ?

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kmeisthax|1 year ago

What prevents miners from refusing to process certain transactions they don't like? Or the developers from pushing through a softfork that considers those transactions invalid? Dilution isn't the only threat a monetary system can face.

It is, however, the one failure mode of commerce the extremely rich actually need to worry about. Bitcoin isn't any less cult-like than XRP, they both are downstream of the whole "sound money" nonsense which exists to sell the regular folk on insulating the rich against this one particular threat.