Brad Garlinghouse, in Ethereal Davos panel, had a discussion with Joseph Lubin of the ConsenSys and Brian Behlendorf of the Hyperledger about the future of blockchain and cryptocurrencies.
Talking about XRP overtaking Ethereum. Ripple’s CEO Brad Garlinghouse said:
“This is a marathon and not a sprint and measuring the success of any platform in the day-to-day, hour-to-hour is a fool’s errand and I think all of the major platforms are working on interesting use-cases… and I think we are still in the nascent stages of this market. I don’t consider”
He continued saying that CoinMarketCap’s rankings sometimes show XRP as number two and sometimes its number three hoped that most people in the community agree with him.
“I don’t consider what Ethereum is doing in any way as a competitor with what’s going on with the XRP ecosystem. Is there some overlap on occasion? Sure, probably, but I think you’re going see things play out in a long time. I think mostly we are all up here aligned with , ‘we seeing the overall market health and mature’.”
Moreover, he said that Ripple is championed and that there’s a need for more transparency in the ecosystem. Garlinghouse moved on to talk about decentralization and said that the word in itself is “nuanced”.
In addition, he said that Bitcoin and Ether were usually considered decentralized but the mining aspects of it and the recent 51% attacks are some among the issues that make us question as to what decentralization really is.
Furthermore, he continued that these issues needed to be addressed head-on and illustrated what Joseph Lubin did recently was a step in the right direction.
He fended off the FUD of XRP being centralized saying that XRP Ledger was way more decentralized than mining based solutions, because of the nature of PoW and the centralization that recently happened in China.