XRPL Validator Lists 5 Reasons Why Caitlin Long Is Wrong About Ripple and XRP
Main Idea
An XRPL validator named Vet refutes Caitlin Long's criticisms of Ripple and the XRP Ledger, presenting five key points to counter her claims about Ripple's legitimacy, decentralization, and progress.
Key Points
1. Ripple never conducted an ICO; all 100 billion XRP were placed in a genesis account with no initial market value.
2. The XRP Ledger is decentralized, contrary to Long's claim of centralization.
3. Ethereum's ICO undermines Long's comparison, as XRP's distribution involved no ICO.
4. Ripple continues to use the XRP Ledger, including for its new stablecoin RLUSD, refuting claims of abandonment.
5. The XRP Ledger has shown ongoing progress and adoption, including a liquid decentralized exchange (DEX) and early tokenization capabilities.
Description
A response from XRPL validator Vet has challenged recent claims made by Custodia Bank CEO Caitlin Long during her appearance on the “Gold Goats ‘n Guns Podcast.” Long’s remarks, which were reshared in a tweet by Digital Asset Investor, questioned the legitimacy, structure, and progress of Ripple and the XRP Ledger. Vet issued a detailed response that laid out five core reasons why, in his view, Long’s characterizations were incorrect or based on fundamental misunderstandings of the XRP ecosystem...
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