Justin Bons, the founder of cryptocurrency fund CyberCapital, known for his constant criticism of Bitcoin and altcoins, has once again criticized some altcoins.
This time the targets included Ripple ($XRP), Canton (CC), Stellar (XLM), Hedera (HBAR) and Algorand (ALGO).
Bonus argued that $XRP and other altcoins are “centralized blockchains” that betray the fundamentals of the crypto industry.
Justin Bons argues that the industry must draw clear boundaries and oppose networks that rely on licensing systems.
“We must reject all centralized ‘blockchain’ systems! »
These include Ripple, Canton, Stellar, Hedera and Algorand.
The future of finance is not centralization; Requesting authorization from an authority does not mean decentralization!
Justin Bons argues that blockchain networks like XRPL, Stellar, Hedera, Canton, and Algorand operate with a truly decentralized, non-consensual proof of authority system.
THE $XRP The community countered Bons’ criticism. However, Bons dismissed the comments as an attempt at deception. Bons claimed that Ripple’s marketing strategy was successful in deceiving both the public and regulators.
Bons said: “It’s a frightening fact that they can convince people of this. » $XRP is more decentralized than Bitcoin and Ethereum. They even cheat the SEC to get out of it. But they can’t fool real cryptography researchers; we know the difference!
According to Bones, trusted neutrality, censorship resistance, privacy and immutability can only be achieved on a fully decentralized and permissionless blockchain.
*This does not constitute investment advice.
