Ripple’s Chief Strategist Claims XRP Is Used More Than Bitcoin
In a string of footage originally highlighted by Twitter user Steven Diep, Johnson touches on a number of different areas, including claims about XRP’s centralization and the blockchain network’s overall adoption.
-Bitcoin has some real technological limitations
-The digital asset that show fundamental use cases will develop a fundamental value
-XRP is being used more than Bitcoin being used as of today
— Steven Bull From the Diep (@DiepSanh) November 23, 2018
Johnson notably blasts Bitcoin maximalists who claim that the pre-mined XRP is overly centralized, emphasizing the tremendous amount of power that Chinese miners have over the Bitcoin network.
Furthermore, Johnson claims that Bitcoin is built on “poor technology” and is not capable of reaching scale. XRP, on the other hand, is capable of reaching 1,500 transactions per second and was built from the ground up to be able to scale for financial systems, according to Johnson.
Finally, Johnson took the opportunity to tear into Stellar, claiming that there are no notable companies developing on the network.
Johnson is no stranger to saying provocative things in support of Ripple and XRP. Back in October, he equated the company’s relationship to XRP as akin to Chevron’s relationship to oil, a natural resource. This, of course, is a tenuous comparison for a number of reasons.
Nonetheless, XRP has outperformed the larger market over the last month and is now ranked 2nd in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, with a market cap of $16.1 billion.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.