Ripple CEO brad Garlinghouse sure that soon bitcoin as a technology will lose its relevance. He stated at the Code Conference in California 2018.
“Bitcoin may end up being the Napster of digital assets. It’s shown what’s possible. But Spotify, iTunes, Pandora, engaged the system and regulators, and they ruled the day.”
—@bgarlinghouse speaking at #Codecon watch the full interview now. https://t.co/IaclqUntrH
— Ripple (@Ripple) 30 may 2018
“People are talking about how to use bitcoin when buying coffee. But the average bitcoin transaction can take up to 20 minutes, and the transaction cost will raise the price of your coffee twice. One day we may find that bitcoin has become like Napster (file sharing, closed due to legal problems — approx. ForkLog) in the market of digital assets,” said brad Garlinghouse.
The head of the Ripple believes that soon altcoins will not depend on bitcoin, a digital currency that does not solve the real issues disappear from kryptonyte.
However, he paid tribute to the first cryptocurrency, calling it a technology “revolutionary” for the world economy.
Recall that in March the head of the Ripple, stated that cooperation with the SEC is “inevitable condition for the development of the stock market”.