Schwartz speaks out as Buterin mischaracterizes XRP.
Ethereum co-founder Vitalik Buterin has come under fire from Ripple CTO David Schwartz for ostensibly not understanding the difference between Ripple and XRP.
“All this time, and he [Buterin] still doesn’t understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset,” Schwartz tweeted yesterday. “He thinks XRP can say things!”
All this time and he still doesn’t understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset. He thinks XRP can say things!
— David “JoelKatz” Schwartz (@JoelKatz) December 19, 2022
It was in response to remarks made by the Ethereum co-founder on the most recent episode of the Bankless podcast. Buterin asserted to the hosts that XRP is “totally centralized,” but that it is nevertheless treated like conventional crypto, highlighting grudges against the community once more. Buterin claims that XRP has not apologized for alleging that Bitcoin and Ethereum are under Chinese control.
…like the only qualification to be able to call yourself part of the crypto space is to like somehow use cryptography and to have some change in the data structure. Those are literally the qualities to call yourself decentralized; you don’t even need decentralization… like XRP, you know, they’re like still completely Central realized… and uh, you know, still they haven’t apologized for writing documents to the US government basically saying that they should be favored over Bitcoin and Ethereum because Bitcoin and Ethereum are China controlled… Vitalik said.“
Ripple lawyers wrote the assertion that Bitcoin and Ethereum are controlled by China as part of their defense argument against the US Securities and Exchange Commission. It was to emphasize the hazards of miner concentration in China, which might render networks vulnerable to Chinese authorities, as Schwartz highlighted in August when Buterin brought it up, boosting anti-XRP sentiment within the Ethereum community.
As previously reported, John Deaton described the sentiments from the Ethereum co-founder in August as insensitive to XRP holders, especially those who, before the SEC case, knew nothing about Ripple.
XRPGoat (@XRPGoat) asserted that Buterin’s latest comment showed how bias could turn the best minds away from the truth.
An example of how bias can turn even the most intelligent of minds away from the truth.
— XRPGoat (@XrpGoat) December 19, 2022
It is worth noting that the XRP community is no stranger to such stories and has frequently had to clarify the distinction between Ripple, the company, and the XRP Ledger, a decentralized network used by Ripple, institutions, and retail investors. Despite being one of the oldest cryptocurrencies, XRP is still commonly misunderstood, as Deaton pointed out in November.
Recall that Cardano founder Charles Hoskinson recently said that XRP does not provide any technical value and the community is “toxic and petty.” He further said that he has nothing to do with XRP and will not comment on anything related to Ripple and XRP.