- Ripple CTO addresses XRP ICO misconception in public debate.
- XRP Ledger’s decentralization highlighted by key figures.
- No fundraising through ICO occurred at XRP’s launch.
Ripple CTO David Schwartz addresses allegations by Caitlin Long regarding XRP’s launch, refuting claims of an initial coin offering on Twitter.
The debate raises concerns about Ripple’s centralization, influencing discussions on blockchain transparency and potentially impacting regulatory perspectives.
Ripple CTO David Schwartz counters allegations about XRP’s initial launch resembling an ICO. The debate, involving Schwartz and Custodia Bank CEO Caitlin Long, addresses misconceptions about XRP and Ripple’s operations. Joel Katz shares insights on cryptocurrency dynamics
David Schwartz states that no ICO was conducted during XRP’s launch, with all tokens placed in a Genesis ledger. Caitlin Long claims banks distrust XRPL, raising concerns over Ripple’s compliance moves.
The dispute affects perceptions of Ripple’s decentralization and strategic direction. Ripple emphasizes open participation in XRPL, while Caitlin Long critiques its regulatory steps. Joel Katz clarifies misconceptions about XRP’s ICO
Caitlin Long argues Ripple’s strategy undermines its ambition to replace global banking, citing possible centralization. However, Ripple maintains differences from Ethereum’s fundraising model.
Ripple’s RLUSD stablecoin launch is scrutinized; however, no market disturbance is evident. Key industry figures reaffirm transparency and non-ICO origin of XRP.
Historical analysis indicates Ripple’s practices diverge from Ethereum’s. Nonetheless, comparisons highlight ongoing debates on network decentralization and centralization concerns within crypto markets.
Ripple never conducted an ICO and did not raise funds through token sales at the network’s launch. XRP’s total supply of 100 billion tokens was placed into a Genesis ledger account at launch. The starting price was zero, and no public sale occurred.” – David Schwartz, CTO, Ripple
