Ripple update: The Measure of Success by Andreas Antonopoulos
Here is a talk I was at in Dublin by Andreas which presents a good sentiment for this thread on how to define the success of a coin.
He mentions Ripple once at this point (note the booing (not laughter)): [https://youtu.be/mPMsbgWl9p4?t=1910](https://youtu.be/mPMsbgWl9p4?t=1910) but you would want to listen from at least 31.49 to get the context which is,
The Dominance Index is a percentage of the total market capitalisation of cryptocurrencies owned by bitcoin.
32:02Here’s why this is not a good metric (of success).
32:04Here’s why we shouldn’t look at that metric for any of the cryptocurrencies.
32:09Market capitalisation tells you which is the “richest” cryptocurrency.
32:15I can guarantee you that there will be cryptocurrencies “richer,” “bigger,” more broadly accepted than bitcoin.
32:26It is very easy to do that, all you have to do is sacrifice the principles.
32:32You can make something that is cheap, fast, centralised, controlled, and censored.
32:40Then you can pump money into it and make it “mainsteam.”
32:44FaceCoin will be “bigger” than bitcoin. FedCoin will be “bigger” than bitcoin.
32:50Hell, Ripple may be “bigger” than bitcoin sometime soon. [Laughter]
Here is the original talk: [https://www.youtube.com/watch?v=mPMsbgWl9p4](https://www.youtube.com/watch?v=mPMsbgWl9p4)
There might be some conflict between the sentiment in the video and, seemingly, Andreas’ attitude to XRP and Ripple but I still think that he makes some excellent points that are worth reflecting on and that are applicable in our community.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: Ajde44
Score: 37
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