{"id":553359,"date":"2023-09-28T20:00:36","date_gmt":"2023-09-28T20:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=553359"},"modified":"2024-06-11T07:56:56","modified_gmt":"2024-06-11T07:56:56","slug":"ripple-cto-xrp-centralized","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-cto-xrp-centralized\/","title":{"rendered":"Ripple CTO Addresses Bitcoin Adviser\u2019s Claims That XRP Is Centralized"},"content":{"rendered":"

Ripple CTO David Schwartz has addressed claims made by El Salvador Advisor Max Keiser that the XRP token is a \u201ccentralized\u201d cryptocurrency. Schwartz took to X (formerly Twitter) to clear the air, stating that the Bitcoin Adviser\u2019s opinion of XRP was too ignorant to warrant a proper reciprocation.\u00a0<\/span><\/p>\n

Ripple CTO Criticizes Centralization Claims<\/h2>\n

On September 24, Co-founder of Volcano Energy and Bitcoin Advisor to El Salvador\u2019s President, Max Keiser made a controversial statement about the <\/span>XRP token<\/span><\/a>. In an X (formerly Twitter) <\/span>post<\/span><\/a>, Keiser stated that Ripple\u2019s native token, XRP was \u201ccentralized\u201d, which was negatively received by the community and triggered a response from the Ripple CTO.<\/span><\/p>\n

Related Reading: Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With<\/a><\/div>\n

Responding to Keiser\u2019s controversial claim about the XRP, Schwartz expressed his indignation and stated that he found the statement laughable.<\/span><\/p>\n

\u201cThis is such an incredibly stupid argument I have no idea how I could possibly respond to it other than to laugh,\u201d Schwartz said.<\/span><\/p>\n

In addition to Schwartz, the Product Head of Visa Installment and former employee of Ripple, Josh Gierscha, also jumped on the bandwagon to debunk Keiser\u2019s claims.<\/span><\/p>\n

Initially, Giersch had believed that Keiser\u2019s centralization claims were made from an X account impersonating the Bitcoin Advisor or from a fan account. <\/span><\/p>\n

However, Schwartz revealed that the comment was made by the real Max Keiser. <\/span>He responded by quoting the original post from Keiser’s real account.<\/span><\/p>\n

\n

Of course the real Max Keiser would never say anything this dumb.https:\/\/t.co\/dd9JQUPvIY<\/a>https:\/\/t.co\/mOkN3v0vFU<\/a><\/p>\n

\u2014 David “JoelKatz” Schwartz (@JoelKatz) September 27, 2023<\/a><\/p><\/blockquote>\n

Giersch then topped off the conversation, saying, \u201cKeiser\u2019s an industrial-grade crank, I shouldn\u2019t have expected any better from him\u201d<\/span><\/p>\n

Keiser\u2019s view on the XRP token was based on the cryptocurrency\u2019s US patent created by Schwartz in 1992 which illustrated a cooperative system involving several interconnected computers.\u00a0<\/span><\/p>\n

This is not the first time that Keiser has said something to draw the ire of the XRP community. The Bitcoin advisor has had a poor view of the token for some time now and occasionally criticizes XRP while <\/span>idolizing Bitcoin<\/span><\/a>. Back in May, the Bitcoin advisor had come under fire following a statement labeling the XRP token a \u201c<\/span>shitcoin<\/span><\/a>.\u201d<\/span><\/p>\n

XRP Twitter Community Reacts To Centralization Argument<\/h2>\n

The XRP community also poured out to criticize Keiser\u2019s claims about the token. One community member <\/span>attributed<\/span><\/a> the statements to Bitcoin maxis being scared of the token\u2019s abilities, saying; \u201cBitcoin maxis are terrified of XRP.\u201d<\/span><\/p>\n

Related Reading: Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In<\/a><\/div>\n

Another X user jumped in to add their own two cents <\/span>saying<\/span><\/a> that Keiser was being intentionally misleading to his over 500,000 followers. Pointing to the patent which Keiser used as the basis for his statement, the user said \u201cThere\u2019s no way he believes you filed a patent for the XRPL in 1988. Not a chance. Yet this is what he asserts. Seems he\u2019s just an \u201cends justify the means\u201d type of guy.\u201d<\/span><\/p>\n

Keiser\u2019s remark on <\/span>XRP\u2019s decentralization <\/span><\/a>contradicts the inherent nature of the token which is seen in its value as a digital payment currency and an open-source ledger blockchain.<\/span><\/p>\n

\"RippleToken price dragged below $0.5 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from VOI, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple CTO David Schwartz has addressed claims made by El Salvador Advisor Max Keiser that the XRP token is a \u201ccentralized\u201d cryptocurrency. Schwartz took to X (formerly Twitter) to clear the air, stating that the Bitcoin Adviser\u2019s opinion of XRP was too ignorant to warrant a proper reciprocation.\u00a0 Ripple CTO Criticizes Centralization Claims On September 24, Co-founder of Volcano Energy and Bitcoin Advisor to El Salvador\u2019s President, Max Keiser made a controversial statement about the XRP token. In an X (formerly Twitter) post, Keiser stated that Ripple\u2019s native token, XRP was \u201ccentralized\u201d, which was negatively received by the community and triggered a response from the Ripple CTO. Related Reading: Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With Responding to Keiser\u2019s controversial claim about the XRP, Schwartz expressed his indignation and stated that he found the statement laughable. \u201cThis is such an incredibly stupid argument I have no idea how I could possibly respond to it other than to laugh,\u201d Schwartz said. In addition to Schwartz, the Product Head of Visa Installment and former employee of Ripple, Josh Gierscha, also jumped on the bandwagon to debunk Keiser\u2019s claims. Initially, Giersch had believed that Keiser\u2019s centralization claims were made from an X account impersonating the Bitcoin Advisor or from a fan account. However, Schwartz revealed that the comment was made by the real Max Keiser. He responded by quoting the original post from Keiser’s real account. Of course the real Max Keiser would never say anything this dumb.https:\/\/t.co\/dd9JQUPvIYhttps:\/\/t.co\/mOkN3v0vFU \u2014 David “JoelKatz” Schwartz (@JoelKatz) September 27, 2023 Giersch then topped off the conversation, saying, \u201cKeiser\u2019s an industrial-grade crank, I shouldn\u2019t have expected any better from him\u201d Keiser\u2019s view on the XRP token was based on the cryptocurrency\u2019s US patent created by Schwartz in 1992 which illustrated a cooperative system involving several interconnected computers.\u00a0 This is not the first time that Keiser has said something to draw the ire of the XRP community. The Bitcoin advisor has had a poor view of the token for some time now and occasionally criticizes XRP while idolizing Bitcoin. Back in May, the Bitcoin advisor had come under fire following a statement labeling the XRP token a \u201cshitcoin.\u201d XRP Twitter Community Reacts To Centralization Argument The XRP community also poured out to criticize Keiser\u2019s claims about the token. One community member attributed the statements to Bitcoin maxis being scared of the token\u2019s abilities, saying; \u201cBitcoin maxis are terrified of XRP.\u201d Related Reading: Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In Another X user jumped in to add their own two cents saying that Keiser was being intentionally misleading to his over 500,000 followers. Pointing to the patent which Keiser used as the basis for his statement, the user said \u201cThere\u2019s no way he believes you filed a patent for the XRPL in 1988. Not a chance. Yet this is what he asserts. Seems he\u2019s just an \u201cends justify the means\u201d type of guy.\u201d Keiser\u2019s remark on XRP\u2019s decentralization contradicts the inherent nature of the token which is seen in its value as a digital payment currency and an open-source ledger blockchain. Token price dragged below $0.5 | Source: XRPUSD on Tradingview.com Featured image from VOI, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":553363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[15951,3680,89421,17209,4531,89515,83637,13172,10972,78763],"class_list":["post-553359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-david-schwartz","tag-ripple","tag-ripple-cto","tag-ripple-news","tag-xrp","tag-xrp-community","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple CTO Addresses Bitcoin Adviser\u2019s Claims That XRP Is Centralized<\/title>\n<meta name=\"description\" content=\"Ripple CTO David Schwartz has addressed claims made by El Salvador Advisor Max Keiser that the XRP 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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