Ripple CEO Brad Garlinghouse recently claimed that cryptocurrencies are solving real-world banking and remittance problems — with future generations set to build and improve on the foundation laid by blockchain technology. In doing so, he also stated that Bitcoin “is the Napster of digital assets.”
Inapt Comparisons
Though the Ripple CEO says that comparisons between his cryptocurrency and Bitcoin are ultimately compliments, he also took the chance to compare the dominant cryptocurrency to peer-to-peer file-sharing internet service Napster — which was revolutionary for its time but failed to maintain any sort of lasting relevance.