Ripple CTO Wants to Share XRP Facts with Caitlin Long
Main Idea
Ripple CTO David Schwartz offers to share facts about XRP and the XRP Ledger with Caitlin Long, who has criticized its centralized nature and tokenomics, while the XRP community defends its decentralization.
Key Points
1. Caitlin Long, CEO of Avanti Financial Group, criticized the XRP Ledger as a 'centralized network' and questioned Ripple's tokenomics, including the pre-mining of 100 billion XRP tokens.
2. David Schwartz, Ripple's CTO, volunteered to provide facts about XRP and the XRP Ledger to address Long's criticisms.
3. The XRP community defended the XRP Ledger's decentralization, noting that Ripple never conducted an ICO and that the ledger operates independently.
4. Long argued that Ripple's pivot to the stablecoin sector indicates a failure to dominate the market as initially intended.
5. The 2020 SEC lawsuit against Ripple centered around the pre-mined XRP allocation and its regulatory implications.
Description
David Schwartz, chief technology officer at Ripple, has volunteered to share "facts" about XRP and the XRP Ledger with Caitlin Long
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