1 upvotes, 2 direct replies (showing 2)
View submission: Will SOL flip ETH this cycle?
I agree, the shitcoin frenzy probably can't sustain but the world is more irrational than me so who knows.
What about XRP then? It's really not far from ETH now
Comment by BriBumer at 03/12/2024 at 11:58 UTC
3 upvotes, 1 direct replies
Sorry about xrp I cant say much. I know a lot about Cardano and Solana and Ethereum. I know basics of BTC and BNB.
But thats all. I know other chains that they exist or some minimal information. But not more.
Its not possible to know everything about every chain:) If someone will tell you different, they lie for sure:)
In this case, sorry I cant tell you anything about xrp:)
Comment by inShambles3749 at 03/12/2024 at 12:44 UTC
1 upvotes, 0 direct replies
XRP is considered problematic because they launched with premined supply and still today the founders or more specifically ripple (the company behind xrp) owns > 50% of the supply.
The ledger potentially could be decentralized but isn't really because once again the majority is owned by ripple, founders. Validators need to be verified by the UNL to become "trusted" validators which most of them simply adopt from once again Ripple.
Even SOL is more decentralized and that's already a centralized shit show.
Anyway dyor. I think if one values decentralization both coins mentioned are a big nono. But since most people are strictly here to make more money they might be just what the average r/cc user is looking for