Ripple's success in lobbying for the deprioritization of Bitcoin and emphasis on stablecoins has sparked criticism from Bitcoiners. Pierre Rochard, a Bitcoin maximalist, has accused Ripple of derailing plans for a US National Strategic Bitcoin Reserve, while Ripple CTO David Schwartz defended the company against claims that the XRP Ledger is centralized. The dispute centers around Ripple's control over the XRP Ledger and its trademarking of XRP. Ripple insiders continue to control a large percentage of the XRP supply. Ripple's RLUSD stablecoin has not seen significant growth in market capitalization since its launch. The conflict between Bitcoiners and Ripple is longstanding, and this latest episode is part of a larger history of clashes between the two camps.
Content Editor ( protos.com )
- 2025-01-27
Bitcoiners attack Ripple after Strategic Bitcoin Reserve flop
