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Learning & News => News related to Crypto => Topic started by: sirty143 on December 14, 2023, 12:07:57 PM

Title: Galaxy Digital CEO Mike Novogratz Says He Was 'Dead Wrong' About XRP and Ripple
Post by: sirty143 on December 14, 2023, 12:07:57 PM

Galaxy Digital CEO Mike Novogratz Says He Was 'Dead Wrong' About XRP and Ripple

(https://i.imgur.com/elYRXCym.jpg)

Galaxy Digital founder and CEO Mike Novogratz has admitted that his past perception of XRP and Ripple was “dead wrong.” Novogratz now sees Ripple as an institution and the XRP army as a “real” organization that cares... See more for yourself here (https://news.bitcoin.com/galaxy-digital-ceo-mike-novogratz-says-he-was-dead-wrong-about-xrp-and-ripple/).

Your opinion is greatly appreciated.

Title: Re: Galaxy Digital CEO Mike Novogratz Says He Was 'Dead Wrong' About XRP and Ripple
Post by: Tribalchief on December 21, 2023, 02:37:56 AM

Is everyone buying stuff with Bitcoin? Maybe.
Is everyone buying stuff with Ripple? Maybe.

The primary aim of Bitcoin, as proposed by Satoshi, was to create a banking system managed by every individual. This system enables anyone to approve their transactions at any point in time, putting them in charge of their own money. The peer-to-peer (p2p) functionality was a key aspect of this new banking system. Fortunately, Bitcoin evolved into a wealth-generating digital gold. Its ability to appreciate in value makes it outstanding, capturing the interest of many. That's why most people see it as a money-making avenue rather than a better means of exchange (p2p).

I assume Ripple is taking advantage, making their own coin a common means of exchange. The price is far lower than that of Bitcoin, making it much easier to perform peer-to-peer transactions. But my question is: can Ripple achieve the same goal in the future?.