🔥 Breaking news: Ripple does not control the XRP Ledger, according to CTO David Schwartz. No security loopholes. No veto power. Ripple manages about 1% of validator nodes and makes changes to XRPL by community consensus. Billions of dollars in escrow? 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.
A news like this from David Schwartz
Capable of responding to those who say there is no such thing as community control by consensus
Ripple tries to deny its flaw, which is its centralization and the company's control over decisions
And it tries to prove that the community is the one controlling the decentralization of consensus
Although it as a company owns 80% of the Ripple XRP tokens
I do not find anyone opposing them
And I do not find anyone accusing them
I do not find a pedant saying that companies will determine the value and decisions
Pioneers and consensus
But it is easy to attribute yourself to decentralization while you do not own its tools
You do not own 400,000 individual nodes
You do not own 60 million pioneers in 200 countries
You do not have an independent decentralized organization in the name of the community
Pi Community company
You only own 20% of the total tokens, not 80%
You do not have a fair distribution of real tokens, not experimental ones
You do not comply with KYC, KYB, and AML laws and regulations
You do not possess the most important thing, which is an international ecological system with infrastructure and applications related to all uses of life for managing the digital, social, and educational macroeconomy
You do not have the right for the individual you say is controlling to establish his project, application, and life
You do not have the first congruence with generative artificial intelligence in changing life and governing decisions
$XRP
$XLM
$BNB