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Ripple Exchange CEO said: Bitcoin is actually controlled by China

ChrisLarsen 2025-10-31 05:59 47231人围观 XRP

According to financial news TheStreet.com, Ripple CEO Brad Garlinghouse spoke at the 2018 Stifel Cross Sector Insight Conference in Boston and said: "Bitcoin is actually controlled by China." In a recent interview with Stifel Tech analyst Lee Simpson, Ga




According to financial news TheStreet.com, Ripple CEO Brad Garlinghouse spoke at the 2018 Stifel Cross Sector Insight Conference in Boston and said: "Bitcoin is actually controlled by China."

In a recent interview with Stifel Tech analyst Lee Simpson, Garlinghouse discussed some topics related to blockchain technology and the crypto world, saying that BTC is controlled by China. He said: “Bitcoin is actually controlled by China. This is something that has been underestimated but deserves attention. Four Chinese miners control over 50% of all Bitcoins. How do we know China won't get involved? How many countries want to use a currency controlled by China? This won't happen. “

Garlinghouse also shared his views on blockchain technology, arguing that it “won’t disrupt banks” but “will play an important role in our system,” while acknowledging that this is only a short-term view.

Speaking of Ripple’s XRP, Garlinghouse described it as “the best digital asset in terms of settlement.”

Garlinghouse said that “BTC takes 45 minutes to complete a transaction,” while XRP only takes 4 seconds to complete a transaction.

In February, trading platform BitMex released a report on Ripple and the XRP token, which found that the structure of Ripple’s consensus protocol indicated a more centralized structure for its currency.

The report claims that BitMex’s research team conducted internal testing using Ripple’s technology. The team installed and ran a copy of Rippled, running it with 5 public keys downloaded from Ripple's servers. Four of the five public keys need to support a protocol in order to be accepted. “Since all keys are downloaded from Ripple.com servers,” the report states, “Ripple essentially has complete control over the ledger, indicating that the system is centralized. ”

A new study released today by the University of Texas claims that BTC’s price surge in December was apparently caused by Tether and issuer Bitfinex. The research paper describes trading patterns that say Tether was used to provide price support and manipulate cryptocurrency prices. Tether purchases also increase when the market is down, which then leads to a sharp increase in the price of Bitcoin.

原文:https://cointelegraph.com/news/ripple-ceo-claims-bitcoin-is-under-control-of-small-group-of-miners-from-china

Author:Ana Alexandre

Compiled by: caroline

Source (translation): Money News (http://hiblock.com/Index/index.html)



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