Ripple’s CTO, David Schwartz, stated that the company prioritizes its own interests over those of XRP holders, aligning with Bitcoin advocate Pierre Rochard’s view that Ripple has no obligation to support XRP’s value. Schwartz emphasized that while Ripple’s business strategies may benefit XRP holders, the company’s primary duty is to its operations and shareholders. He likened the relationship to owning an artist’s early work, where the artist has no obligation to promote it for the benefit of the owner.
about Ripple CTO States Company Acts in Its Own Interest Not for XRP HoldersRochard
0 posts last weekBitcoin as a Superior Alternative to Fort Knox Gold Reserves
Senator Rand Paul has called for an audit of the US gold reserves at Fort Knox, which have remained unchecked since 1974, amid growing concerns and conspiracy theories. Advocates for Bitcoin, including Senator Cynthia Lummis, argue that Bitcoin offers a transparent alternative, allowing for 24/7 audits without the need for intermediaries, unlike physical gold, which is susceptible to counterfeiting. With a capped supply of 21 million BTC, supporters claim Bitcoin represents a secure and trustworthy store of value.
about Bitcoin as a Superior Alternative to Fort Knox Gold ReservesDebate Over Decentralization of Ripple’s XRP Ledger Intensifies
The decentralization of Ripple’s XRP Ledger (XRPL) is under scrutiny, with critics like Pierre Rochard arguing that Ripple’s control undermines decentralization principles. Ripple’s CTO, David Schwartz, defended the network’s consensus mechanism and the role of Unique Node Lists (UNLs), asserting that validators cannot censor transactions and that governance is determined by node rules, not by Ripple. Despite this, the community remains divided, with concerns over Ripple’s influence on updates and escrow accounts contrasting with support for XRPL’s efficiency and speed.
about Debate Over Decentralization of Ripple's XRP Ledger IntensifiesBitcoin Network Processes 19.2 Trillion in Transactions Amid Securitization Predictions
Bitcoin’s network processed $19.2 trillion in transactions last year, according to Riot Platforms’ Pierre Rochard, highlighting its role as both a store of value and a medium of exchange. Despite this, transaction volume has decreased from $47.7 trillion in 2021 and $36.4 trillion in 2022. Rochard predicts that the securitization of Bitcoin will drive adoption, outpacing decentralized finance tokenization by 2025.
about Bitcoin Network Processes 19.2 Trillion in Transactions Amid Securitization Predictions