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Ripple criticized for allegedly misrepresenting the relationship with XRP



Ripple Labs, the administrator of the blockchain payment network Ripple, has come under criticism for alleged misleading depictions that "discovered" rather than created the XRP token.

] On October 9, Coinmetrics.io co-founder and partner of Castle Island Ventures, Nic Carter, alleged that he had attempted to disguise the nature of his relationship with XRP:

"These psychopaths are still literally, and without any hint of irony, claiming they had discovered XRP & # 39 ;, instead of creating it.

"Similar to Chevron's relationship to oil"

Carter's above-mentioned tweet refers to an earlier message from journalist Cory Johnson, who is listed on the list of the 1

00 most influential people in the Modern Consensus's cryptography in 2019.

Johnson, a former Bloomberg television presenter, worked for about a year as Ripples chief strategist for the markets in March 2018 and February 2019. On October 5 he tweeted :

"Ripple's relationship with the XRP is related to the relationship of chevron to oil [to]. We have a lot of it, we believe it's a superior technology and we support its multiple uses – for billions of reasons. But we do not have everything, we do not control it and we are not.

Beyond Carter's Sarcasm Answer – "I miss these good old XRP wildcatting days! He also published a link to an article by lawyer Preston Byrne in the fall of 2018, which he regards as the final take on this matter. " A Battle for History "Byrne's article traces the history of the Ripple Network, Ripple Labs and XRP's creation through scrutiny of documents such as the Founder's Agreement and Founding Documents." Byrne argued in the analysis of the documents:

"Prior to the founding of Ripple Labs , Inc. (originally called Newcoin Inc.) on September 19, 2012. "

This argument is in direct contradiction to an interview with Brad Garlinghouse which Carter has exposed and in which the CEO cites: [19659011] "One really important distinction is that the XRP ledger previously existed ripple the company.Surely we are an interested party for the success of the XRP ledger – we own a lot of XRP, but it's a bit like saying Exxon This does not make oil safer. "

The Twitter dispute this week continues, as Cointelegraph has already reported various long-standing controversies, some of which are turning into various legal actions.

These refer to Ripples degree of alleged centralization. Handling of tokens, possession (the company owns an estimated 60% of the XRP tokens), suspected price manipulation, and whether XRP has a security classification or not.


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