#Ripple CTO Invites Caitlin Long to Fact-Based Discussion on XRP, XRPL, and RLUSD. Meanwhile, members of the XRP community came out to refute Long’s claims. Joining the conversation, Ripple CTO David Schwartz offered to discuss the facts about the company, RLUSD, XRPL, and its native token.
“I’m available to discuss the facts about Ripple, RLUSD, the XRP Ledger, and XRP,” Schwartz said.
Schwartz seeks to address Caitlin Long’s centralized claims while also providing clarity on XRP’s tokenomics. Meanwhile, he called her attention to some basic facts provided by prominent community figure Vet. Notably, Vet addressed some misconceptions in Long’s recent critique. First, he emphasized that Ripple never conducted an ICO, noting that the entire 100 billion XRP supply was deposited into a genesis account during the launch of XRPL.
However, Ethereum launched through an ICO, with initial investors paying Bitcoin in exchange for ETH.
Contrary to Long’s centralization claims, Vet stressed the XRP Ledger is decentralized, with several individuals running up to 1,000 nodes on the network.
He also said Ripple uses the XRPL and has already launched its stablecoin on the blockchain. Finally, Vet highlighted that the XRP Ledger has made significant progress over the years, enhancing its functionalities via amendments.
Mickle, another notable voice in the XRP community, also shared a similar sentiment. He pointed out that the XRPL team created the network before XRP was sold and that Ethereum conducted the first ICO in crypto history.
Despite the community’s pushback, Caitlin’s critique echoes the same views shared by a faction of the crypto community, including Ethereum’s Vitalik Buterin, who believes the XRPL and XRP are centralized.
