Comments by "SAL" (@SAL-fs1mr) on "Preston Pysh" channel.

  1. XRP is absolutely very centralized because the network completely relies on Ripple to main the privlidged node list called the UNL - otherwise, xrp network can't achieve consensus.
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  2.  @deangraham7238  Ripple chose the other 80%. Basically, xrp is a network that requires centralized trust in Ripple to choose reliable validator nodes.
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  3.  @deangraham7238  Bitcoin being controlled by china is a myth that keeps being perpetuated by you altcoiners. We already saw this play out in 2017 when over 80% of mining power tried to push for a hardfork to do a blocksize increase. The regular users running all the network full nodes (the true controllers of the network), were able to reject the miners' hardfork effort easily AND the full nodes were even able to force miners to adopt segwit softwork (go read about the User Activated Softfork, it sounds like you weren't around long enough to remember it). Miners work for us, they do not control the network. At this point, the miners know the nodes of the network can softfork in new rules to negate any potential 51% attack.
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  4.  @emiliodauvin5059  for buying power, depends on what people are buying. For electronics or digital media, sure. But for healthcare, education, and childcare, no, absolutely not.
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  6. Not really, he loaded up on that Bitcoin using practically zero interest debt. Wouldn't be possible to do now.
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  7. You still need centralization of the enforcement of the property rights. A smart contract can't do that.
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  8. It's getting to a point where they won't have the power to stop it.
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  9. They'll still win because their wealth isn't being stolen through inflation.
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  10. nChain is known for perpetuating the BSV scam. Stay away if you know what's good for you.
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  11. Not true as cpi is not an accurate measurement of inflation.
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  12. Yes, but, the current situation is much worse because printing is much higher than 2%
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  13. Actually, they are 100% correct about XRP. XRP is centralized with Ripple being the central point of control/failure. You see, the XRP network can't reach consensus without Ripple maintaining the UNL, a listed of privlidged validator nodes approved to be worthy by ripple. Without this coordination by a centralized authority, xrp couldn't work.
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  14. I'm in Bitcoin only. Even simpler.
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  15. Segwit is a backwards compatible protocol upgrade, which means it didn't violate any protocol rules.
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  16. BSV is an altcoin run by scammers. BTC is the real Bitcoin.
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  17.  @deangraham7238  sure, you can run your own node, but XRP is still completely centralized because only Ripple gets to choose the validator nodes that get to be on the UNL. It seems you don't know how the UNL works.
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  18.  @deangraham7238  That doesn't pass the smell test. If different nodes followed different UNLs, then there would be no way to reach network consensus. There has to be a centralized authority curating and maintaining a UNL that is adopted by the majority of the network, which is why the XRP node software defaults to ripple's UNL. If the XRP network really could work without ripple maintaining UNL, then they should completely do away with maintaining one, you know, to prove that XRP is not centralized (but they won't because they can't).
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  19.  @webdevnoobie  yup, that's precisely what I was trying to highlight. XRP relies on centralized trust model by Ripple maintaining the UNL.
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  20. Wrong. ETC has an extremely small amount of computing power securing it compared to Bitcoin. Laughable!
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  21. No no no, don't bring up your centralized pump and dump altcoin into this. It's bitcoin. and only Bitcoin.
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  22. Get Brave Browser, it will remove all ads.
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  23. Trace has published research on monetary theory even before bitcoin was invented.
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