Schwartz speaks out as Buterin mischaracterizes XRP.
Ripple CTO David Schwartz has bashed Ethereum co-founder Vitalik Buterin for not knowing or pretending to be ignorant of the difference between Ripple and XRP.
“All this time, and he [Buterin] still doesn’t understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset,” Schwartz tweeted yesterday. “He thinks XRP can say things!”
All this time and he still doesn't understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset. He thinks XRP can say things!
— David "JoelKatz" Schwartz (@JoelKatz) December 19, 2022
It came in response to comments from the Ethereum co-founder on the latest episode of the Bankless podcast. Buterin speaking to the hosts, claimed that XRP is “completely centralized” but is still treated like regular crypto going ahead to highlight grudges against the community again. According to Buterin, XRP has not apologized for claiming that Bitcoin and Ethereum are Chinese-controlled.
…like the only qualification to be able to call yourself part of the crypto space is to like somehow use cryptography and to have some change in the data structure. Those are literally the qualities to call yourself decentralized; you don’t even need decentralization… like XRP, you know, they’re like still completely Central realized… and uh, you know, still they haven’t apologized for writing documents to the US government basically saying that they should be favored over Bitcoin and Ethereum because Bitcoin and Ethereum are China controlled… Vitalik said.“
Ripple lawyers authored the claim that Bitcoin and Ethereum are Chinese-controlled as part of its defense case in the legal battle against the US Securities and Exchange Commission. It was to highlight the risks of miner concentration in China which could make the networks susceptible to Chinese policies, as Schwartz explained in August when Buterin brought it up, supporting anti-XRP sentiment within the Ethereum community.
As previously reported, John Deaton described the sentiments from the Ethereum co-founder in August as insensitive to XRP holders, especially those who, before the SEC case, knew nothing about Ripple.
XRPGoat (@XRPGoat) asserted that Buterin’s latest comment showed how bias could turn the best minds away from the truth.
An example of how bias can turn even the most intelligent of minds away from the truth.
— XRPGoat (@XrpGoat) December 19, 2022
It is worth noting that the XRP community is no stranger to these types of narratives and has often had to explain the difference between Ripple, the company, and the XRP Ledger, a decentralized network used by Ripple, institutions, and retail investors. XRP remains widely misunderstood despite being one of the oldest cryptocurrencies, as highlighted by Deaton in November.
Recall that Cardano founder Charles Hoskinson recently said that XRP does not provide any technical value, and the community is “toxic and petty.” He further said that he has nothing to do with XRP and will no more comment on anything related to Ripple and XRP.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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