Caitlin Long Faces XRP Community Backlash Over Centralization Claims and Ripple’s Shift to Stablecoins
Main Idea
Caitlin Long criticized Ripple’s XRP Ledger as centralized, sparking backlash from the XRP community, which defends its decentralization and adoption potential.
Key Points
1. Caitlin Long, CEO of Avanti Financial Group, labeled the XRP Ledger as a 'centralized network' and doubted its future dominance.
2. The XRP community, including Ripple’s CTO David Schwartz, strongly opposed Long’s claims, arguing for the ledger’s decentralization.
3. Long’s critique centered on Ripple’s tokenomics, particularly the pre-mined tokens, which she believes hinder adoption.
4. Community members emphasized that XRP was initially worthless, countering Long’s claims about its lack of adoption.
5. The debate highlights ongoing tensions over perceptions of XRP’s decentralization and market potential.
Description
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