The sixth-largest cryptocurrency, XRP, allegedly lost its right to protection as Ripple tried to paint Ethereum as being “China-controlled,” according to a recent tweet by Vitalik Buterin. The co-founder of Ethereum remarked that he was pleased that opposition to policies that favor Ethereum over other valid cryptocurrencies was growing.
His post was in response to Newton and Bitbuy, two cryptocurrency exchanges situated in Ontario, Canada, imposing a yearly 30,000 CAD “buy limit” for all cryptocurrencies, with the exception of Bitcoin, Ethereum, and a number of other altcoins. David Hoffman, a co-founder of Bankless, joked that he wouldn’t have said anything if they had banned XRP.
Buterin criticized Ripple for “sinking to new degrees of craziness” in December 2020 when it attempted to characterize Bitcoin and Ethereum as “owned by China” merely because the nation accounted for the bulk of the world’s hashrate.
Chris Larsen, a co-founder of Ripple, asserted in an opinion piece he wrote in April 2020 that the Communist Party of China might try to destroy Bitcoin. It is important to note that the United States is currently the main center for Bitcoin mining.
The community behind the token was very critical of Buterin’s most recent anti-XRP statement. The CTO of Ripple, David Schwartz, charged that the Ethereum community was attempting to pressure the government to punish projects that did not support its viewpoint.
The creator of the XRP Ledger thinks it’s absolutely reasonable to compare shareholders in corporations to miners in proof-of-work systems. Buterin was also targeted by John Deaton, managing partner of the Deaton Law Firm, who asserted that “innocent” XRP holders are unrelated to Ripple.
The creator of the XRP Ledger thinks it’s absolutely reasonable to compare shareholders in corporations to miners in proof-of-work systems. Buterin was also targeted by John Deaton, managing partner of the Deaton Law Firm, who asserted that “innocent” XRP holders are unrelated to Ripple.
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