Ethereum Co-Founder’s Criticism of XRP’s Centralization
- Vitalik Buterin, co-founder of Ethereum, openly criticizes XRP, stating that he believes it is still completely centralized.
- Buterin mentions that not every crypto project is required to follow decentralization principles, using IOTA and XRP as examples.
- He raises concerns about whether IOTA has made advancements in removing its coordinator, similar to XRP’s centralized system.
- Despite being centralized, XRP is still listed as a cryptocurrency on CoinMarketCap.
Vitalik Buterin Responds to XRP’s Allegations of Chinese Control
- Buterin responds to XRP’s claims that Bitcoin and Ethereum are controlled by Chinese entities.
- He points out that XRP had not rescinded its communication with the US government, where it requested special treatment compared to Bitcoin and Ethereum.
- Buterin believes XRP has not apologized for advocating the US government to prioritize it over Bitcoin and Ethereum due to alleged Chinese control.
XRP Community’s Reaction to Buterin’s Remarks
- XRP supporters respond to Buterin’s remarks, expressing concerns about the potential impact on Bitcoin, Ethereum, and other crypto projects.
- Some highlight instances where they perceive Ethereum as exhibiting more centralization compared to XRP.
- Others raise concerns about the legal repercussions of Buterin’s involvement in the Hinman saga.
Hot Take
While Vitalik Buterin’s criticism of XRP’s centralization is valid, it is important to consider the perspectives of both sides. The XRP community’s response reflects their loyalty and defense of the project. However, it is crucial for the crypto community to have open discussions about decentralization and the role of different cryptocurrencies in the industry.
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