David Schwartz, one of the leading names in Ripple (XRP) management, spoke about a claim that resonated on social media. Commenting under a post by Schwartz, the crypto lover caused the Ripple manager to give a long response on the subject.
The administrator, who shared a post about a law in the Washington region of the USA, changed the subject after the critical response. An anonymous X account requested that the XRP official respond to arguments previously expressed by influencer Max Kesier.
XRP is CENTRALIZED s*** as you can plainly see from the patent. https://t.co/6OolWXh28L pic.twitter.com/TVfk1MWbg8
— Max Keiser (@maxkeiser) September 24, 2023
Kesier stated in his post the other day that the Ripple project is far from its promise. The phenomenon, which is more sympathetic to Bitcoin instead of altcoin units, claimed that XRP has a completely centralized structure and further increases inequality.
The anonymous person who reminded David Schwartz of these words asked the CTO for a comment or clarification on this issue. Ripple official clarified the issue by making a long post.
1.Does XRP really empower the top 1% who is controlling the main XRP system.
I'm not sure I understand this claim. The top 1% of what exactly? XRP empowers anyone who want to use the ledger to track the ownership and exchange of assets. What kind of control is he talking about…
— David "JoelKatz" Schwartz (@JoelKatz) September 24, 2023
“Ripple Doesn’t Protect Anyone!”
Responding to criticism item by item, the manager first stated that Ripple does not protect any segment. Remembering that the project was open to serve everyone, Schwartz found this criticism quite meaningless.
David Schwartz also responded to a criticism regarding the crypto patent. XRP CTO said the following about the criticism in his patent:
“There is no realistic connection between the patent I received and the XRPL project. My personal work aimed to take advantage of the power of idle processors. But the history of technology has surprised us all. “Events did not develop in the direction I expected.”
Ripple executive recently emphasized that the patent he received on cryptocurrency and blockchain systems was before Bitcoin inventor Satoshi Nakamoto.
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