/biz/ - Business & Finance

Anonymous Tue Dec 26 19:58:16 2017 No.5502830 [View]
File: 134 KB, 849x1226, 3c6e3db51cf7a88250a22f262235d4f2f8f296bc25c92ef2bfdf63b9e05d9e30.jpg [View same] [iqdb] [saucenao] [google]

>>5502265
>It's not actually centralized like a lot of FUDers say

it's more decentralized than bitcoin

Bitcoin
-One company has more than 50% of the hashpower
-One oppressive country has more than 50% of hashpower
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents

Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
.
.
.
the chinese gov. can easily pull a 51% attack and destroy faith in PoW forever

see this article:
Stop. Calling. Bitcoin. Decentralized. – Egor Homakov
https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27

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