🔥 Breaking news: Ripple does not control the XRP Ledger, according to CTO David Schwartz. No security loopholes. No veto rights. Ripple manages about 1% of validator nodes, and makes changes to the XRPL by community consensus. Billions in escrow? Are they locked by smart contracts, not Ripple.
🔥 JUST IN: Ripple does not control the XRP Ledger, says CTO David Schwartz.
No backdoor. No veto. Ripple runs ~1% of validator nodes & XRPL changes by community consensus.
Billions in escrow? Locked by smart contracts, not Ripple.
Such news from David Schwartz
Capable of responding to those who say there is no such thing as community control by consensus.
Ripple Inc. attempts to deny its flaw, which is its centralization and control over decisions.
And attempts to prove that the community is the one controlling the decentralization of consensus.
Despite being a company that owns 80% of XRP tokens.
I find no one to oppose them.
And I find no accuser against them.
And I find no pedant saying that companies will determine the value and decisions.
Pioneers and consensus
But it is easy to attribute oneself to decentralization when you do not possess its tools.
It does not own 400,000 individual nodes.
It does not have 60 million pioneers in 200 countries.
It does not have an independent decentralized institution named after the community.
Pi Community company
It owns only 20% of the total tokens, not 80%.
It does not have a fair distribution of real tokens, not experimental ones.
It does not comply with laws and regulations in KYC, KYB, and AML.
It lacks the most important thing, which is an international ecosystem of infrastructure and applications that cater to all aspects of life to manage the digital, social, and educational macro economy.
It does not have the right for the individual you claim is in control to create his project, application, and life.
It does not have the first alignment with generative artificial intelligence in changing life and governing decisions.
Although he is a conformist trying to accept that he is a non-conformist.
And we are being pedantic about the non-conformist who is not truly compliant.