Ripple CTO David Schwartz has weighed in on the ongoing dialogue available in the market relating to Bitcoin.
Reactions had been triggered all the blueprint through the crypto neighborhood when Binance founder Changpeng “CZ” Zhao and one in every of Bitcoin’s most vocal critics, Peter Schiff, engaged in a Bitcoin versus gold debate on the not too prolonged ago concluded Binance Blockchain Week in Dubai, UAE.
The debate reached its high level when Zhao pulled out a gold bar and asked Schiff to check if it was right. Schiff answered in the unfavorable: “I don’t know,” as he would be unable to check it without needing extra tools.
The London Bullion Market Affiliation confirms there may per chance be fully one manner to check gold with 100% certainty, which is fire assaying.
Zhao seized the moment to push the level that Bitcoin transactions are verified straight, on the blockchain, while gold composed struggles with classic authentication.
Joining the dialogue stemming from this particular incident, an X user asked how prolonged it might well take to replicate Bitcoin. “Operate a brand recent one, exactly the associated. How remarkable would it charge?” the X user inquired.
How may per chance well it both be recent and exactly the associated? And how would the existence of replicas of bitcoin include an impact on bitcoin?
— David ‘JoelKatz’ Schwartz (@JoelKatz) December 5, 2025
Schwartz, waving apart this assumption, asked: “How may per chance well it both be recent and exactly the associated? And how would the existence of replicas of bitcoin include an impact on bitcoin?”
1 BTC = 1 BTC
The “BTC = 1 BTC” slogan stays a well-archaic phrase in the crypto market.
The “1 BTC = 1 BTC” corrects the thought that when the value of Bitcoin goes down, it loses its value. This tag good aquire is, on the different hand, fully in phrases of its relationship to fiat foreign money. In actuality, one Bitcoin is composed equal to at least one Bitcoin.
This knocks out the speculation of Bitcoin replicas, given that there are fully 21 million Bitcoin (BTC) to be mined in whole. The fixed provide of Bitcoin manner that there’ll fully ever be 21 million coins in circulation. As of press time, Bitcoin’s whole provide is 19,957,806 BTC with 1,042,194 coins left to be mined out of the fixed 21 million provide.
