Recently, Ripple CTO, David Schwartz hit back at Ethereum co-founder Vitalik Buterin. In fact, the crypto market has always seen harsh rivalries. Therefore, this is not something new in the market. However, the recent feud-like tussle between the Ripple CTO and Vitalik Buterin seems to have captured the attention of the crypto market.
We know that every incident must have a beginning. In this case, too, the feud-like confrontation had a beginning. In fact, here things started off with Vitalik. What happened is that certain comment by Vitalik was not taken very kindly by the Ripple CTO. As a result, he lashed back at him. If you are interested in knowing more about the tussle, then this article is a perfect stop for you. Keep reading the article to know about the tussle in detail.Β
Ripple CTO: The Incident
Recently, there was a discussion about the act of imposing the 30,000-Canadian-dollar limit on altcoins purchases by two Ontario crypto exchanges. The altcoins called into question, excluded the likes of Ether, Bitcoin Cash and Litecoin. In fact, in that discussion, Ethereum co-founder Vitalik Buterin was also included. During that discussion, Vitalik took a dig at XRP. This behaviour of Vitalik was not accepted by the Ripple CTO, David Schwartz in good spirit.
In fact, Vitalik lauded the pushback of the Ethereum community against regulations that privilege ETH over other cryptocurrencies. In fact, the founder of Bankless, David Hoffman also responded to the Tweet by Vitalik and stated that if XRP was restricted, then he would not have minded at all. Click the link for the tweet:
In fact, Vitalik went a step further by taking his attack against XRP further. He joined the race with Hoffman and stated that XRP has already lost their right to protection. Click the link below for Vitalikβs tweet :
This comment by him created a shock among the XRP community and many of them came forward to criticise Vitalik. In fact, Ripple CTO, David Schwartz also joined the debate. Vitalik referred to the claim made by Ripple that XRP shouldnβt be considered a security, unlike Ether and Bitcoin. In addition, Ripple is also called the two currencies controlled by China.
The Ripple CTO restated the earlier claim by Ripple and said that he thinks βitβs perfectly fair to analogize miners in PoW systems to stockholders in companies.β
Concluding Lines
In fact, David threw a question to Vitalik at the end of his tweet. Follow the link below to see his tweet:
Thus the backlash is really a strong one from the Ripple CTO, David Schwartz.
Also read: Kyber Network Price Prediction 2022, 2023, 2024 and 2026
