In my very first blog post I mentioned that there are other people attempting to build something similar to UTU. I was not very worried as these competitors were not gaining much traction and my plans were to build something quite different.

Now more serious competition has arrived. They have connections, succesfull people, investment money and publicity. They took the classic Ripple, mixed it with Bitcoin and created new Ripple.

I was quite worried for a while. After more detailed study it seems things are not so bad after all. The guys running new Ripple are eminently clever and their overall philosophy matches my thinking very well. Their focus and approach is however quite different from what I am thinking and implementing.

It’s nice to have some pressure driving me forward again. Let’s see how well UTU shall compare against reforged Ripple approach.  🙂