Bitcoin and XRP Estimation to be Spoken More Than Ripple Co-Founder
Ripple co-founder Chris Larsen said Bitcoin has launched a move that will have a profound impact on the financial world. However, according to Chris Larsen, XRP has superior features than Bitcoin.
Chris Larsen: A perfect timing for the birth of Bitcoin after the 2008 financial crisis
In a new interview on Ripple ‘s Block Stars podcast, Chris Larsen talks about the early days of the cryptocurrency and says that BTC’s birth after the 2008 financial crisis was the perfect timing. Ripple’s founding partner adds:
WHAT WAS RELATED TO BITCOIN WAS THE RIGHT TECHNOLOGY THAT HIT THE RIGHT ECONOMIC TIME. I THINK THIS WAS THE BREAKING MOMENT… BITCOIN HAD THE PERFECT STORM OF NEW DECENTRALIZED TECHNOLOGY, SOMETHING THAT OTHER PROJECTS COULD OR COULDN’T DO.
Ripple co-founder: XRP is better designed as Bitcoin
Chris Larsen also talks about the first days of Ripple and XRP Ledger. The famous name said XRP was designed as a better BTC, primarily focusing on energy efficiency. Ripple’s founding partner adds:
CAN YOU BUILD A BETTER BITCOIN BEFORE IT BECOMES BTC? I THINK WE ALL ADMIRED BITCOIN… BUT THEY HAD PROBLEMS AND I THINK PEOPLE WHO ARE INTERESTED IN THE XRP PROJECT FOCUS ON NOT USING AS MUCH ELECTRICITY AS BITCOIN. THIS CANNOT BE A SUSTAINABLE LONG-TERM MODEL. I BELIEVE IT WILL BE A BASIC DIGITAL ASSET GROUP THAT WILL SUCCEED. I THINK BITCOIN WILL BE ONE OF THEM.
“The basic vision of digital assets is sending money instantly with very low fees”
Bitcoin’s energy consumption issue is a hotly debated topic in the crypto community. In June of last year, CoinShares released a report showing that 75% of Bitcoin mining is powered by renewable energy. However, the amount of energy used by the leading cryptocurrency is roughly as much as consumption in Finland. Chris Larsen says that the basic vision of digital assets is an open system that allows anyone in the world to send money instantly at very low rates:
A VALUABLE INTERNET WILL BE A PUBLIC, DECENTRALIZED SYSTEM. IF YOU LISTEN TO THE BILL AND MELINDA GATES FOUNDATION, THEY CALCULATED THAT TWO BILLION PEOPLE IN THE DEVELOPING WORLD SHOULD BE ABLE TO SEND MONEY ECONOMICALLY FOR AS LITTLE AS 50 CENTS. AND THIS IS NOT POSSIBLE IN TODAY’S WORLD.