Ripple Will Deflect, Say Craig Wright After Calling XRP A Ponzi Scheme

The war of words between David Schwartz, Ripple CTO and Craig Wright, self proclaimed Bitcoin creator stretches to another day. Craige Wright has made another claim over the utility of XRP and Ripple after calling them a Ponzi Scheme. However, Ripple’s CTO replied over the questionable claims.

Does Ripple hold no evidence?

Self proclaimed Bitcoin creator in a Twitter thread wrote “No – more equivocation from ripple”. He pointed out the claim made by the blockchain product of Banks using their product. If Ripple asserts that they have a solution that already is in use then you should put a piece of evidence out first.

Craig Wright states that at no point has Ripple demonstrated any evidence to support itself. Self proclaimed Bitcoin creator claimed that he spoke to the Chairman of SBI. He further claimed that the bank doesn’t use Ripple but rather holds XRP they were gifted. Read More XRP News Here…

As per Wright, the company has assets on its book while it holds no interest in using Ripple nor does it has any interest in selling XRP.

Are people rejecting Ripple’s system?

He challenged the Ripple CTO to demonstrate a single real contract used by any real client. He asked him to do it if it wasn’t for the fact that it is all fraudulent. While Wright claimed that Ripple CTO is telling the market that he has an elf riding a unicorn but he can’t discuss this just because of NDA.

Due to these reasons, the deflection by Ripple is expected. Self proclaimed Bitcoin creator claims that Ripple has a system that isn’t being used. People are constantly rejecting it even when the company is paying them to use it.