Anthony Georgiades, founder and general partner, discussed the innovation of Capital, the fears surrounding Ripple and its original symbol, XRP, especially with regard to the central aspects of the XRP book. In an interview with Yahoo Finance, He explained that XRP is working on the notebook of Professor Al -Markazi, but in practice, Ripple Labs represents great control. Ripple Labs is responsible for choosing a menu from a labia who process transactions, and most users rely on the Ripple node list.
Georgiades noted that this centralization weakens the XRP position as a truly decentralized origin, and it is believed that it may be vulnerable to organizational overcoming. Governments can exercise transactions by targeting specific institutions or geographical areas, which can divide the network. This may lead to confidence collapsing, networks of networks, and loss of value, eventually skepticism about the purpose of the distinctive symbol and its competitiveness compared to central systems.
“I see the negative side less in terms of affecting bitcoin in particular and more in relation to other colors, specifically ripples. There are many positive feelings in the Ripple market at the present time and a lot of excitement about Ripple due to the potential strategic reserve. But I see a lot of basic defects in XRP in particular, and I look frankly to a strategic reserves supported by Ripple as the network’s demise for several reasons. ” (Such)
In addition, Georgiadis shared his point of view on the recent market movements in Bitcoin. He believes that the market has already been priced in many positive stimuli, such as potential organizational changes and the possibility of Bitcoin to become one of the backup assets. However, he said it would take years for any basic changes to the full impact on the market.
