This summary text is fully AI-generated and may therefore contain errors or be incomplete.
In a recent conversation, David “JoelKatz” Schwartz, the Chief Technology Officer of Ripple, discussed the relationship between XRP and the company’s decision to forgo an Initial Public Offering (IPO). Schwartz questioned the effectiveness of traditional corporate structures in big tech companies, sparking a debate about the role of XRP holders as investors in Ripple. He compared Ripple’s business model to Amazon’s, highlighting that most of Amazon’s operational funding comes from people using the site to buy things from other people. Schwartz also revealed his initial belief that Ripple would make money through an IPO, but unforeseen developments, likely referring to the SEC lawsuit, led the company away from that path. Blockchain Maverick raised concerns about investor protection and the implications of creating a token instead of pursuing an IPO. Schwartz acknowledged that the answer to this question depends on the alternative history one creates to compare Ripple to.