• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit
Friday, May 9, 2025
Regional Posts
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
No Result
View All Result
Regional Posts
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
No Result
View All Result
Regional Posts
No Result
View All Result
Home Crypto

Ripple CTO lashes back at Vitalik Buterin for his dig at XRP

by Editor
November 20, 2022
in Crypto
0
Ripple CTO lashes back at Vitalik Buterin for his dig at XRP
551
SHARES
3.7k
VIEWS
Share on FacebookShare on Twitter

In a discussion that started around two Ontario crypto exchanges’ recent 30,000-Canadian-dollar limit on altcoins purchases — which excluded Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) — Ethereum co-founder Vitalik Buterin took a dig at XRP, which Ripple chief technology officer David Schwartz didn’t take very kindly.

Buterin, in a response to a tweet, lauded the Ethereum community’s pushback against regulations that privilege ETH over other cryptocurrencies. David Hoffman, founder of decentralized media and education platform Bankless, responded to Buterin and said he wouldn’t have minded if they had restricted XRP.

XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” imo:https://t.co/t6cbMtjsEV

— vitalik.eth (@VitalikButerin) August 17, 2022

Buterin joined in on the XRP bashing, claiming, “They already lost their right to protection when they tried to throw us under the bus as ‘China-controlled.’” The response from Buterin created a storm among XRP followers on Twitter, and the debate was later joined by Schwartz himself.

Buterin was referring to Ripple’s defense in its ongoing court battle with the United States Securities and Exchange Commission, in which it claimed XRP shouldn’t be deemed as security since Ether and Bitcoin (BTC) are similar in nature, and it even called the top two cryptocurrencies Chinese-controlled. Ripple is currently fighting a lawsuit from the SEC over the alleged unlicensed sale and issuance of XRP tokens.

Schwartz reiterated Ripple’s earlier claims that ETH and BTC are securities and compared miners in the ecosystem to shareholders of eBay. He said:

“I do think it’s perfectly fair to analogize miners in PoW systems to stockholders in companies. Just as eBay’s stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC.”

Schwartz concluded his tweet with a question to Buterin, asking him whether the government or the market should settle the security debate.

Do you think this debate should be settled by the government or the market, @VitalikButerin? This quotation wasn’t pulled from some attempt by Ripple to get the government to regulate ETH, was it?

— (@JoelKatz) August 18, 2022

Ether’s potential status as a security has become a hot topic during the ongoing lawsuit proceedings, with Ripple claiming that the SEC has a clear bias against them and favors Ethereum. In an interview in 2021, Ripple CEO Brad Garlinghouse contended that the SEC helped ETH overtake XRP as the No. 2 cryptocurrency.

Related: Alchemy and Infura block access to Tornado Cash as Vitalik Buterin weighs in on debate

Whether cryptocurrencies are securities has been a longstanding debate due to a lack of regulatory guidelines. The majority of regulators around the globe consider Bitcoin an asset, while there is still an ongoing debate over the status of ETH due to its pre-mine and initial coin offering.

RF2 – Source by cointelegraph.com

Previous Post

The Best New Groceries – August 2022

Next Post

Bookkeeper’s 135-year sentence for defrauding Covid-19 relief fund

Next Post
Bookkeeper Lindelani Gumede defrauded the Ters fund of more than R11m.

Bookkeeper's 135-year sentence for defrauding Covid-19 relief fund

About

Web Magazine is an online magazine covering international news, politics, technology, health, education, and much more. We have created a website that induces all the crescendos and abysses of the world. With political, editorial and news coverage, as well as education, technology, health, and other fields of interest. REGIONAL POSTS offer both a true insight into entertainment and its contemporary, and future outlook. Read More. . .

Categories

  • Articles
  • Auto
  • Business
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadgets
  • Gaming
  • Health
  • Lifestyle
  • Marketing
  • News
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • World

Trending

  • Comfortable = Confident: Why Fit Matters in Medical Fashion
  • Biden’s Political Position is Quickly Falling Apart as Basic News Meeting Looms
  • Trump Finally Reveals His Shortlist for Vice-president – and Desantis Has Made the Cut

Submit a News | Write For Us

Feel free to contact us for submission queries. via contact form or email us at : [email protected]

  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.