This news article discusses the ongoing tensions between the Bitcoin and XRP communities, particularly regarding the centralized nature of XRP due to Ripple's involvement. Ripple is advocating for a level playing field that includes XRP and other cryptocurrencies in the US government's planned national digital asset reserve, leading some Bitcoin proponents to criticize and spread negative narratives about XRP and Ripple. One Bitcoin maximalist, Pierre Rochard, labeled XRP a threat to the initiative and criticized Ripple's control over the cryptocurrency. However, a crypto enthusiast named Lester Pyle pushed back against this criticism, highlighting the potential centralization risk associated with large Bitcoin holders such as BlackRock, MicroStrategy, and Satoshi Nakamoto. Lester argued that these concerns should be applied to Bitcoin as well. While critics see this as contributing to Bitcoin's centralization risk, Bitcoin proponents often counter that these entities own less than 5% of Bitcoin's total supply, which is in contrast to Ripple's nearly 50% control over XRP. Lester expressed support for both Bitcoin and XRP holders and urged people to stop spreading negative narratives about XRP.
Content Editor ( thecryptobasic.com )
- 2025-02-04
XRP vs. Bitcoin: If XRP Control is a Concern, What About MicroStrategy, BlackRock, and BTC Whales
