David Schwartz, Ripple’s CTO, found himself in a heated exchange with Max Keiser, who labeled $XRP a “centralized fiat-shitcoin.” 🌐
A fortune in a centralized fiat-shitcoin like XRP is meaningless https://t.co/otXwZdHEGe
— Max Keiser (@maxkeiser) September 24, 2023
Schwartz retaliated, defending XRP’s design, emphasizing its role in empowering users and not just benefiting the elite holders. He clarified that his patent predates $BTC and that it doesn’t relate to solving the double spend problem like Bitcoin does.
Schwartz also dismissed rumors about Satoshi Nakamoto commenting on XRP, stating that discussions were about the original RipplePay system, not the decentralized XRP Ledger (XRPL). 🚀