<\/p>\n
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 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 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\u2019s real account.<\/span><\/p>\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 \u201cJoelKatz\u201d Schwartz (@JoelKatz) September 27, 2023<\/a><\/p>\n<\/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 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 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 Featured image from VOI, chart from Tradingview.com<\/p>\n<\/p><\/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 […]<\/p>\n","protected":false},"author":2,"featured_media":164812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-164811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=164811"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164811\/revisions"}],"predecessor-version":[{"id":164814,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164811\/revisions\/164814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164812"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ripple CTO Criticizes Centralization Claims<\/h2>\n
\n
XRP Twitter Community Reacts To Centralization Argument<\/h2>\n
Token price dragged below $0.5 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n