Max Keiser Claims XRP is Centralized
In a recent post on the X platform, Bitcoin maximalist Max Keiser shared a patent filing from 1991 to support his argument that XRP is centralized. The patent was filed by Ripple co-creator and CTO David Schwartz, but it does not mention Ripple specifically. Despite this, Keiser believes it proves that XRP is centralized. He refers to the altcoin as “CENTRALIZED s***” in his post.
The patent describes a distributed computer system for processing tasks across multiple levels. It was filed many years before the invention of the XRPLedger, so some members of the XRP community argue that it is unrelated to the decentralized ledger consensus.
Community Responds to Keiser’s Accusations
Members of the XRP community have strongly criticized Keiser’s claims. Some have pointed out flaws in his arguments, while others accuse him of simply hating on XRP. One user highlights that the patent is about task distribution, not ledger consensus. Another user compares XRP to Bitcoin, noting that both projects allocated tokens for their founders and colleagues.
Despite the backlash, Keiser continues to engage with angry community members and even claims to have invented virtual currencies in a separate tweet. His statements draw further criticism from the community.
Hot Take: Max Keiser’s Controversial Claims About XRP
Bitcoin maximalist Max Keiser recently stirred up controversy within the XRP community with his claims that XRP is centralized. Using a decades-old patent filing as evidence, he argues that Ripple’s altcoin lacks decentralization. However, many members of the XRP community have challenged Keiser’s assertions, pointing out flaws in his reasoning and accusing him of bias against XRP. This incident highlights the ongoing debate between Bitcoin maximalists and altcoin supporters, underscoring the deep divisions within the crypto community.
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