NewsletterCraig Wright Made ‘Dumb Argument’: Ripple CTO On XRP Remark
The ugly banter between David Schwartz, Ripple CTO and Craig Wright, self proclaimed Bitcoin creator over the XRP token and its utility continues. The war of words that started from Bitcoin adoption by institutional investors has reached criticizing each other.
Ripple CTO Slams Craig Wright again
Ripple CTO in a Twitter thread stated that Craig Wright made a dumb argument over the XRP ledger. David Schwartz claimed that he pointed out that the argument was dumb and did not attack self proclaimed Bitcoin creator at all. However, Wright attacked him and XRP.
Earlier, Coingape reported that Craig Wright Called XRP a ‘Useless Pump And Dump Scheme’. However, Ripple CTO came back all with all guns blazing.
He added that Craig is on purpose trying to be painful to engage with to prevent his ideas from being lambasted in public. Ripple CTO believes that ‘whichever chain can scale will win’ is a reasonable argument. However, there are two main reasons he doesn’t agree stand with it. Read More XRP News Here…
The first reason is that all Layer 1 will scale if there is a much required demand. It can happen through federation, roll ups, and many other ways. While the main reason is that Layer 1 does not need to scale. It needs to exist and be usable. However, this will be enough to push the major traffic to better mechanisms.
He further stated that the vast majority of BTC transactions are already running off-chain. While he still called Craig Wright’s argument gibberish which is mixed with personal insult.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Market Bill Nears Approval as Senate Banking Chair Sets Vote For Next Month
- Bitcoin News: First BTC-Backed $100M Municipal Bond Launches to Tap $140T Debt Market
- Ripple Dev Floats Idea Of Native XRP Staking Following ETFs Launch
- Donald Trump Says He Has His Pick to Replace Fed Chair Jerome Powell
- Barstool’s Dave Portnoy Buys Bitcoin, Ethereum, and XRP Following Crypto Crash
- Solana Price Prediction – Will the ETF Wave End SOL’s Multi-Week Downtrend?
- Ethereum Price Forms Rare Pattern as Tom Lee Makes Bold Prediction
- Is Dogecoin Price Set for a Recovery as Grayscale ETF Speculation Intensifies?
- Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?
- What’s Next for Cardano Price After Breaking Below Key Support Level?
- Pi Coin Price Could Jump 30%, But There’s a Catch
