An e-mail change courting again to 2009 with Bitcoin founder Satoshi Nakamoto has proved his commendation and reward for the Ripple mission.
Satoshi Praising Ripple
Martti Malmi, a Bitcoin developer between 2009 and 2011, lately printed private communications with the Bitcoin founder again in 2009, containing phrases of commendation from Satoshi to Ripple.
My e-mail correspondence with Satoshi in 2009-2011: https://t.co/jyoX8gXckp
— Martti Malmi (@marttimalmi) February 23, 2024
Within the e-mail correspondence, the Bitcoin developer mentioned numerous points of Bitcoin with Satoshi Nakamoto. The developer inquired concerning the inflation schedule, the overall variety of cash, denominations, and the potential for fractional bitcoins.
Satoshi Nakamoto responded by explaining the scalability of Bitcoin, its potential to deal with a lot of transactions, and the absence of the need for charges within the close to future.
Whereas discussing these technical points, the Bitcoin developer introduced Ripple into the dialog, having acknowledged the mission as an analogous revolutionary concept. Particularly, Malmi said he would love to listen to Satoshi’s ideas on Ripple.
On this foundation, Satoshi Nakamoto expressed admiration for Ripple, describing it as an “attention-grabbing” mission. Furthermore, he remarked that Ripple is “the one different system that does one thing with belief moreover concentrating it on a central server.”
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One other particular person, Martien van Steenbergen, inquired about Satoshi’s familiarity with the Ripple mission. Satoshi responded by noting that, when it comes to belief methods, Ripple stands out for its distinctive strategy of dispersing belief fairly than centralizing it. In his phrases:
“As belief methods go, Ripple is exclusive in spreading belief round fairly than concentrating it.”
Satoshi Didn’t Reward XRP
Notably, some members of the XRP neighborhood have occasionally misconstrued Satoshi’s 2009 remark about Ripple, assuming it as reward for XRP.
Nevertheless, it’s important to notice that Satoshi’s commentary predated the creation of XRP by three years.
Particularly, Satoshi’s 2009 remark pertained to the unique Ripple protocol often known as ‘RipplePay,’ which was initiated in 2004 by software engineer Ryan Fugger. This early mission served as the muse and inspiration for the creators of the XRP Ledger (XRP).
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