Stellar Co-founder Brands 90% of Crypto Projects ‘B.S.’

[MOProgress]

Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31.
Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use of permissionless, open blockchains in finance. He told reporters bluntly:
“It doesn’t need to be the bitcoin blockchain, but if it’s not a public chain, then you’re missing the point.”
McCaleb also levelled criticism at cryptocurrency projects that were not Bitcoin, Ethereum or his own Stellar.
“Ninety percent of these projects are B.S. I’m looking forward to that changing,” he said when asked about the outlook for the cryptocurrency industry in 2019, continuing:
“Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”
Billed as an alternative token development platform to Ethereum, TRON (TRX) has upped its publicity efforts this year, with CEO Justin Sun regularly lambasting the Ethereum network over its alleged shortcomings.

Source: https://cointelegraph.com/news/stellar-co-founder-brands-90-of-crypto-projects-bs