{"id":10176,"date":"2025-01-28T21:47:02","date_gmt":"2025-01-28T21:47:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10176"},"modified":"2025-01-28T21:47:02","modified_gmt":"2025-01-28T21:47:02","slug":"why-bitcoin-purists-cant-stand-xrp-ripple-cto-spills-the-beans","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10176","title":{"rendered":"Why Bitcoin Purists Can\u2019t Stand XRP: Ripple CTO Spills The Beans"},"content":{"rendered":"
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Analysts note a brewing feud between Bitcoin maximalists and XRP supporters after known Bitcoin advocates spread negative narratives against Ripple\u2019s virtual token.<\/p>\n

An executive at Ripple explained why the so-called Bitcoin<\/a> maxis are trying to rip down XRP, saying that advocates of the firstborn crypto are not in favor of a \u201clevel playing field\u201d for cryptocurrencies.<\/p>\n

What The Maxis Fear<\/strong><\/h2>\n

Many members of the XRP<\/a> might be perplexed by the negative narratives that Bitcoin maxis are spreading. However, Ripple CTO David Schwartz does not find it surprising, offering the reason behind the vocal opposition that BTC advocates are throwing at XRP.<\/p>\n

Schwartz said that the Bitcoin purists are attacking XRP because they do not want to promote an equal opportunity for cryptocurrencies, emphasizing that they are against fair competition.<\/p>\n

\n\u201cWe starting pushing for a level playing field where the government doesn\u2019t play favorites. That was always what the maxis most feared,\u201d the crypto executive explained in an X post.\n<\/p><\/blockquote>\n

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We starting pushing for a level playing field where the government doesn\u2019t play favorites. That was always what the maixs most feared.<\/p>\n

\u2014 David \u201cJoelKatz\u201d Schwartz (@JoelKatz) January 25, 2025<\/a><\/p>\n<\/blockquote>\n

Ripple has been advocating for the US government to adopt a national cryptocurrency reserve<\/a> that does not focus only on Bitcoin. The crypto firm urged the US government to include other digital assets in the proposed reserve rather than being Bitcoin-centric.<\/p>\n

<\/p>\n

Is XRP A Scam?<\/strong><\/h2>\n

Several known Bitcoin advocates are spreading negative narratives against XRP, aiming to devalue the crypto asset because Bitcoin maxis perceive that XRP is a threat to the flagship crypto.<\/p>\n

Among those berating XRP are prominent Bitcoin advocate Rajat Soni and Bitcoin supporter Robert Breedlove who labeled XRP as a scam<\/a>, claiming that the crypto only tricked its investors.<\/p>\n

\u201cXRP is a psychological operation designed to trick retail investors into giving away their money by leveraging a bot army to exploit retail investor ignorance of centralization vs decentralization, the nature of money, and counterparty risk. Don\u2019t fall for the scam,\u201d Breedlove said in an X post.<\/p>\n

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#XRP<\/a> is a psychological operation designed to trick retail investors into giving away their money by leveraging a bot army to exploit retail investor ignorance of centralization vs decentralization, the nature of money, and counterparty risk. Don\u2019t fall for the scam.<\/p>\n

\u2014 Robert Breedlove (@Breedlove) January 26, 2025<\/a><\/p>\n<\/blockquote>\n

In his post, Breedlove even dissuaded a fellow crypto investor from getting XRP, saying, \u201cIt\u2019s a bad idea to hold your savings in scam tokens.\u201d<\/p>\n

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XRP is a scam.<\/p>\n

Banks will never use XRP.<\/p>\n

They will use some form of USD backed by Bitcoin, or just straight up Bitcoin.<\/p>\n

Let me explain:<\/p>\n

\u2014 Rajat Soni, CFA (@rajatsonifnance) January 17, 2025<\/a><\/p>\n<\/blockquote>\n

A Threat To Bitcoin Reserve?<\/strong><\/p>\n

Another Bitcoin advocate, Pierre Rochard, who is affiliated with the Bitcoin mining firm Riot Platforms, believes that XRP could threaten the creation of the American strategic Bitcoin reserve, a point of view agreed upon by Kraken\u2019s Bitcoin historian, Pete Rizzo.<\/p>\n

Ripple has been pushing to incorporate other digital assets, not only Bitcoin, in the proposed crypto reserve. Ripple CEO Brad Garlinghouse explained that from a diversification standpoint, a reserve that includes Bitcoin and other crypto assets makes sense \u2014 a proposal that does not sit well with the purists.<\/p>\n

In a post, Rizzo accused the Ripple CEO of discouraging US President Donald Trump from buying Bitcoin.<\/p>\n

However, Garlinghouse downplayed the attacks, saying that Ripple\u2019s advocacy aims at establishing a strategic cryptocurrency reserve that is inclusive of all cryptocurrencies rather than focusing on a single crypto.<\/p>\n

Featured image from VOI, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Analysts note a brewing feud between Bitcoin maximalists and XRP supporters after known Bitcoin advocates spread negative narratives against Ripple\u2019s virtual token. An executive at Ripple explained why the so-called Bitcoin maxis are trying to rip down XRP, saying that advocates of the firstborn crypto are not in favor of a \u201clevel playing field\u201d for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10176","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10176"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10176\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}