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Will XRP overtake Bitcoin to become new king of cryptocurrencies?

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Can XRP take over Bitcoin in the total market capitalization with the massive adoption of XRP by financial institutions all around the world?

XRP is often called as ‘banker’s delight’ and banks love XRP as it has hundreds of partners globally with many of the world’s biggest names in banking. Banks are actually tired of using the SWIFT system which it turns out is not that swift. XRP can seriously put the heat on swift and provide money savings and transparency at every level. Bitcoin with its 10 minute block time and unstable fees can be a bit problematic when it comes to this but bitcoin is a massive improvement over the previous architecture and the banks themselves. Can XRP take over Bitcoin in the total market capitalization with the massive adoption of XRP by financial institutions all around the world? Let us make some comparisons.

No Forks

Another benefit of XRP is no forks. A real company with a real office run by professional people that you can contact if you have a problem. The whole bitcoin forking thing has been a very device issue in the crypto community and has done little to give large businesses any kind of confidence in the crypto economy especially when they are new to the crypto economy.

 

XRP a ‘security’ issue

XRP might be a security and is currently being litigated in the courts but until this is resolved there will be this uncertainty around XRP in the likelihood of seeing things like XRP futures, XRP ETF or major banks stockpiling XRP.

 

Proof of Work

While there have been many criticisms of the Proof of Work network including the massive burn rate of hardware and the huge environmental footprint in terms of energy consumption, we could do a whole host of what about the bitcoin energy use, but the reality is that the XRP ledger uses less energy than bitcoin. The long-term trend of Proof of Work mining and Bitcoin mining overall will at some point have some explaining to do as currently, we do see a lot of projects moving away from the proof of work networks.

 

Banks don’t like bitcoin

The Banks around the world really don’t like bitcoin and sure this is a badge of honor for bitcoin but the theory goes that they will actively work to suppress and hurt bitcoin. With the big Wall Street products coming specifically targetting bitcoin, it appears that the banks want to profit from bitcoin, not to crush bitcoin. The love and hate relationship of banks with bitcoin is currently in a love period. Interestingly both bitcoin and XRP could be put under real pressure by an influx of national cryptocurrencies or even more worrying  for XRP, the banks implementing their own solutions. As of now, banks are loving the solutions that Ripple Labs are putting forward for them to use. It is much easier to implement someone else’s technology rather than build your own technology especially when it comes down to interoperability between hundreds of different international banks. XRP is not unique in this, other payment providers use bitcoin or stellar lumens to do the same thing that is done with XRP. The difference is of course that Ripple’s network and banking partners are huge. But then banks do not actually hold and stockpile XRP, they can actually just quickly move in and out to do transactions. But just because banks don’t need to stockpile XRP doesn’t mean they won’t. Previously, a report was published about South Korean banks which are currently holding around 1% of all cryptocurrency.

 

Daily Transaction Volume

In terms of daily transaction volume, XRP has dropped back to around half a million daily transactions from recent highs of 1.6 million daily transaction which is well ahead of bitcoin’s quarter million daily transactions. But don’t forget that the lightning network is still in its baby phases and so far away from reaching critical mass so we should really not underestimate the possibility of the lightning network to seriously disrupt this narrative around daily transactions in the future.

 

Transactional Fees

On the fees side XRP is consistently way lower than bitcoin with bitcoin having unstable network fees but again lightning network is coming.

 

Circulating Supply

Ripple’s control over the XRP’s supply vs bitcoin’s code based emission is another area of concern for many investors. As much as some people may want one or the other to fail. But it doesn’t seem that any of these are going anywhere unless XRP is deemed to be a security. But if XRP is declared not to be a security then maybe XRP can rise massively.

 

XRP is crypto and banking coming together. For some, it is like a dream come true and for others, it just gives them a headache as the true aim of cryptocurrency was to destroy the banks and not join them. If XRP ever does get mass adoption by banks and manages to have a larger market cap by bitcoin. Would this mean an end for bitcoin? Certainly not. The use case of XRP does not eradicate the use case of bitcoin.

 

What are your thoughts about XRP and its adoption by banks? Tell us in the comments section below.

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5 Comments

5 Comments

  1. Pingback: Will XRP overtake Bitcoin to become new king of cryptocurrencies? - Satoshiuncle

  2. Eric

    December 5, 2018 at 6:15 am

    XRP will definitely without a doubt be deemed a security. I would advise dumping at $1.00 and investing in a non Security coin like Bitcoin, Litecoin, Dash. Don’t get stuck with a bag of bank owned and controlled co8ns that you cannot trade or sell.

    • Danielle

      December 5, 2018 at 4:38 pm

      XRP without a doubt isn’t a security and will never be. It’s a nonsense. I advise investing in XRP and not to invest in Bitecoin, Litecoin etc which don’t have any real use behind them.

  3. Pingback: Will XRP overtake Bitcoin to become new king of cryptocurrencies? – A Bit of News

  4. Theo

    December 7, 2018 at 2:23 am

    This is like comparing apples and cabbages. XRP isn’t even a crypto in the same sense as BTC.

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10 facts that prove that Craig Wright is not the real Satoshi Nakamoto

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A lot of people in the past has tried to claim that they are Satoshi. Let's discuss 10 reasons why Craig Wright is not the real Satoshi Nakamoto.

Everyone is aware of the impact that bitcoin has marked on today’s world. However, huge the success bitcoin gained in the financial market, more is the mystery about the inventor of bitcoin, Satoshi Nakamoto. Satoshi Nakamoto created bitcoin in 2008 and made it an open source in the year 2009. But Satoshi disappeared in 2010. No one knows how to salute Satoshi, whether he or she or they!

A lot of people in the past has tried to claim that they are Satoshi, however, all the claims have been proved and till date, no one has the identity of Satoshi. In this article, we will discuss 10 reasons why Craig Wright is not the real Satoshi Nakamoto.

 

1. Craig Wright has not proven the ownership of the private keys of Satoshi. Although he tried to make the non-technical journalists fool by presenting the verification scripts, even any average student using cmd (command line) tools can find out the deception in the verification script that he was trying to show as a proof of ownership of Satoshi’s private keys.

 

2. Jimmy Song, a famous Bitcoin developer and one of the popular person on Youtube for crypto space recently had few harsh words for the Craigh claims for Satoshi. Jimmy said that he believes that Wright holds zero credibility to be Satoshi and no one should listen to his false claims. He made fun of Wright by saying that Craig Wright is just like a fat kid who falsely claims that have a pretty girlfriend.

 

3. Even Vitalik Buterin, a famous personality in crypto space denied the opinions of Craig to be Satoshi. In one of his interviews, he said that if he really was Satoshi, he could have proved by a simple private key but he presented a complex and bogus proof to the public to prove that he was Satoshi. He said that he believes that all the claims by Craig are false.

 

4. Even if Craig was Satoshi, why a person would show the world that he owns million of bitcoin in the cryptographic way of proof so that anyone can easily steal that billion worthy digital coins? I mean just for the sake of proving the identity, why would someone invite the hackers to steal all the bitcoin? This seems completely irrelevant.

 

5. Craig in his process to prove himself tried to fool all by using two similar words ‘signature’ and ‘signiture’. In his script, at one place he defined as ‘signature’ and while running the script, he used the word ‘signiture’. Anyone can understand this bogus proof easily just by having a careful look on the script that he portrayed.

 

6. John McAfee, a famous personality in computer programming and McAfee group, publicly denied the claims of Craig. He said the definitely, Craig is not the real Satoshi Nakamoto. He further added that he knew who the true Satoshi is. He has known him from the past. As per him, Satoshi is neither a committee nor the Craig Wright. Satoshi is a single and very intelligent individual.

 

7. There is no special event for Craig to prove that he is the real Satoshi Nakamoto. If he was the real Satoshi, he could have presented him in the public in the past when the bitcoin was on the peak. Also, when asked about the same in an interview, Craig Wright has no proper answer to it. Why would a person hide his identity when his creation was ruling the world and all of a sudden he would reveal his identity having no special event or reason? This is really not acceptable of Craig’s claims.

 

8. In one of the papers published by real Satoshi, he mentioned about some age of twenties. If this is taken as the age of Satoshi at that time then, this makes an incompatible age difference between Craig and the real Satoshi. Craig has his year of birth as 1970 and the paper published was in 2009-2010. So, if this assumption of the word twenty and age in a single line to be talking about Satoshi’s age is assumed true, then for sure Craig is not Satoshi.

 

9. Craig has stopped claiming himself as Satoshi Nakamoto these days after a lot of people cam publicly and thrashed the claims made by Craig. In a recent interview when asked about a question that is he the real Satoshi, he refused to answer directly. He has already been titled as a ‘faketoshi’! Why a person would refuse to accept his own identity even if some people of a society are not believing him? It is very difficult to digest.

 

10. The same day, when Craig Wright published his fake public cryptographic proof to claim as the real Satoshi and met Gavin Andresen, one news came that Anderson’s commit access to the Bitcoin Core was removed and the core team was concerned that it was probably hacked. This also gives the sign that Craig’s proof was not so much true and maybe someone on his behalf tried to hack bitcoin core accesses to steal some data and help Craig to claim.

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Craig Wright Exposed by WikiLeaks

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WikiLeaks posted on twitter about Craig Wright, the self-proclaimed Satoshi Nakamoto, disclosing his fake and altered blog post from 2008.

WikiLeaks posted on twitter about Craig Wright, the self-proclaimed Satoshi Nakamoto, disclosing his fake and altered blog post from 2008. According to WikiLeaks, the post was forged by Craig Wright to claim that he is the inventor of bitcoin and has been working on cryptocurrencies since 2008.

WikiLeaks is an international non-profit organization that publishes secret information, news leaks, and classified media provided by anonymous sources. WikiLeaks was one of the first organizations to start accepting bitcoin after the American government had forced Mastercard and Visa to carry out transactions for the organization. According to WikiLeaks founder, Julian Assange, Wikileaks made 50,000% return on bitcoin that it has invested in 2010.

Tweet by WikiLeaks:

Craig Wright was exposed in a tweet by WikiLeaks yesterday which shows that the blog post which Craig Wright used to prove his identity as Satoshi Nakamoto, the creator of bitcoin is a forged blog post. WikiLeaks also stated that Craig Wright is a serial forger of documents and has been repeatedly caught.

Craig Wright Responds:

Craig Wright responded to the tweet by WikiLeaks stating WikiLeaks is a fake news site. He said that organizations such as WikiLeaks have freedom of speech. He also stated that a pseudo leak site such as WikiLeaks should not even exist.

Craig-Wright-SS

Craig-Wright-SS

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12 Best Cryptocurrency & Blockchain Domain Names on BrandThugs.com

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Brandthugs.com consists of a list of cryptocurrency & blockchain brand domain names which are literally amazing. We discuss the top 12 domain names.

Brandable domain names play an important role in the success of any online business. It depicts the overall summary and mission of your business. Also, most of the desired brand names are very costly to buy. Hence, it is very difficult to choose a perfect domain name for your business that satisfies the need and mission of the business as well as is easy to afford. Various websites are available which provides these brand names. However, some have some non-innovative names while some have premium name with a very high cost.

If you are looking for innovative and sensing brand names for your crypto business and that too at an affordable price, then Brandthugs.com is the perfect place for you.

 

In this article, we will present you the Top 12 domain names you will love to have from BrandThugs.com:

 

CoinFarming.com: If you are in search of an attractive domain name for your business that deals with crypto and bitcoin then CoinFarming.com seems suitable for you. It has a dot com extension which would help it to raise the rank the webpage. The domain name itself seems relevant to crypto space. It could be for any organization for crypto news, crypto mining website or even a cryptocurrency wallet.

 

BiggBang.com: It is an excellent brand name for various kind of businesses. It not only can endorse your crypto business rather can be used in other business domains like TV series, News site, Science theories, Dating site, Music and video player etc. Also, dot com would help in ranking in search engine optimization and global ranking of the webpage. You can even use it for a restaurant app or business consultant.

 

 

Blockxhain.com: This domain name is nothing less than a premier one due to its resemblance with blockchain. If you are planning to search for an excellent domain name for your business which may be a crypto wallet or based on blockchain technology or a crypto exchange, you must go with blockxhain.com. Apart from the main domain, dot com is also beneficial in the search engine. You can also use it for cryptocurrency block explorer service, blockchain dating app etc.

 

 

DiscussCrypto.com: As this domain name already seems to ‘discuss’ the ‘crypto’, you can use this domain name for a website that deals with the crypto latest news. You can also use this handpicked bran domain name if your business is a discussion forum or a chat box related to crypto and bitcoin. Also, it can be used for a crypto blogging site.

 

 

BuySellCryptos.com: This domain name is perfect for you if you are looking for an attractive domain for a business that deals with buying and selling of crypto coins.  buysellcryptos.com can also be used for a crypto exchange, crypto merchant provider, crypto blogging website. The name itself gives the prediction that the mission is to provide transaction of cryptocurrencies and bitcoins. If you use this domain name, it would surely hold a large number of visitors.

 

 

CryptoCasino.mobi: If you are planning to have a domain name for your business that provides gambling/betting or games related to the crypto space, then brandthugs provides you with this amazing domain name. You can attract a lot of audience with this domain name. The domain name is absolutely professional and easy to memorize. Also, you can use this for a crypto exchange or a crypto wallet.

 

 

CoinRides.com: This is another excellent domain name provided by brandthugs.com for crypto lovers. If you are searching an efficient brand name for your travel agency that accepts bitcoins, this one is best for you. You can also use this domain for the business like taxi service, publicity agency, tour and travel site or ride-sharing service. Also, it comes at an affordable price of around $2995.

 

 

BarcodePayment.com: The name itself describes that it could be related to barcodes, scanning, and payments. If your startup aims to provide a platform for payments using barcodes, then you must go with this domain name. You can also use this domain name for the areas like crypt wallet, payment gateway, bitcoin payment processor etc. Also, the dot com extension can help your webpage to improve your global webpage ranking.

 

 

BTCjunky.com: This one is one of the cool domain names a person can find on any website. This is a perfect, user-attractive and professional domain name for the business that involves bitcoin and cryptocurrency in any means. This hand-picked domain name can be used for the business like bitcoin wallet, bitcoin payment, and exchange, crypto news and blogging site etc. You can also use this domain name for crypto events and venture capitalist.

 

 

FinFortune.com: This one is again a professional brand name related to any business. You can use this domain name. You can use this domain name for fields related to big money technology. If you are having the business like an investment firm, consultant, accelerator or wealth advisory firm, you must go with this handpicked domain name finfortune.com from brandthugs.com.

 

 

DDpayments.com: This domain name consists of ‘dd’ which may be considered as demand draft and ‘payments’. This domain name is a straightforward one with business connotations. You can use this professional brand name from brandthugs.com for the business like payroll service, payment processing platform, employment firm, business tool etc. The dot com extension reduces the tension for webpage ranking to some extent.

 

 

AlienMiners.com: If you are wondering to buy an innovative brand name for your business that deals with mining of crypto coins and bitcoin, you can go with this splendid domain name available on brandthugs.com This domain name can be used for business such as cryptocurrency mining company, bitcoin mining pool, blockchain game, database services provider etc. Also, the price available for this domain name on the brandthugs.com is affordable.

 

 

 

A domain name is the first impression of your business. Also, selection of band name also matters for search engine optimization. So, you must always choose an innovative, meaningful, easy to remember, a professional, less-confusing domain name for your upcoming business. Brandthugs.com consists of a list of such handpicked brand domain names which are literally amazing. In this article, we discussed the top 12 domain names you will love to have from BrandThugs.com.

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