Can Ripple roll back or block a transaction? CEO Brad Garlinghouse responds
Ripple CEO, Brad Garlinghouse, in a recent conference discussed about a number of issues such as future of Ripple, Madonna & Ashton Kutcher supporting XRP, whether Ripple can roll back or block a transaction and more.
In the TechCrunch Disrupt conference in San Fransisco, Michael Arrington asked Garlinghouse if Ripple can roll back a transaction. “Absolutely not.” Clearing the confusion Garlinghouse responded saying, “This is one of the fun kind of misinformation things people say that like Ripple can block a transaction – not true. Can we roll back a transaction? Not true.”
Arrington further goes on to ask if it means that they can but they won’t. To which, Garlington again assures that they actually can’t.
Ripple CEO on XRP vs Bitcoin in terms of decentralisation
In the conference, interviewer, Mike Butcher said, “… apparently libertarians to this day, rail against Ripple and XRP and anyone who deal with them, including Arrington XRP. So Brad, some of these libertarians, some of them, actually, literally, called you the devil, Lucifer.”
To which, Garlinghouse responds saying he’s not and tries to prove the point after Arrington provokes him to. He said, “If you want to revolutionize the way payments work, if you really want to revolutionize the way transactions work in this regard, it’s not gonna happen by everybody giving up their existing infrastructure and just switching to something new as much as I am actually a bowl on Bitcoin (BTC). The Bitcoin blockchain is not going to be one ledger to rule them all.”
While discussing about Bitcoin blockchain and XRP Ledger, Brad Garlinghouse said, “…miners control 50% of the [Bitcoin blockchain], by any measure, the XRP Ledger is more decentralized than the Bitcoin blockchain.”
Image via Shutterstock
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