Ripple CTO Dismisses Claims of Centralization
Ripple CTO David Schwartz has responded to accusations from Max Keiser, an advisor to El Salvador’s President, that the XRP token is “centralized.” In a tweet, Keiser claimed that XRP was centralized, which sparked backlash from the crypto community. Schwartz took to Twitter to express his disbelief and dismissed the claim as ignorant. He was joined by Josh Gierscha, a former Ripple employee, who initially thought the comment was made by an impersonator but later confirmed it was from the real Max Keiser.
Community Backlash Against Keiser’s Claims
The XRP community also criticized Keiser’s statements about the token. Some members attributed it to fear from Bitcoin maximalists who are threatened by XRP’s capabilities. Others accused Keiser of intentionally misleading his followers and pointed out that his claims were based on a patent filed in 1992 by Schwartz. The community emphasized that XRP is decentralized and serves as a digital payment currency and open-source ledger blockchain.
Hot Take: Ripple CTO Defends XRP Against Centralization Accusations
Ripple CTO David Schwartz has strongly refuted claims made by Max Keiser that the XRP token is centralized. Keiser, an advisor to El Salvador’s President, stated on Twitter that XRP is centralized, prompting backlash from the crypto community. Schwartz responded by dismissing the claim as ignorant and laughable. He was supported by former Ripple employee Josh Gierscha, who initially thought the comment was made by an impersonator but later confirmed it came from the real Max Keiser. The XRP community also criticized Keiser’s claims and highlighted the decentralized nature of the token. This incident adds to a history of negative remarks made by Keiser towards XRP.
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