A heated Twitter debate between Australian computer scientist Craig Wright and David Schwartz, Ripple’s chief technology officer, has caught the attention of cryptocurrency followers
heated debate has erupted Between self-proclaimed bitcoin creator Craig Wright and Ripple CTO David Schwartz. The two argued about the legitimacy of XRP, a cryptocurrency associated with blockchain company Ripple Labs.
The exchange began when Schwartz criticized Wright’s take on Bitcoin’s institutional adoption. The self-proclaimed Satoshi then fired back at the Ripple CTO, accusing him of being ignorant when it comes to finance, legal frameworks, institutional investment banking, and Bitcoin in general.
Tensions began to flare, with Wright claiming the company was running a “useless pump and dump scheme”. He tweeted, “Again, they designed XRP…the most stupid pump and dump scheme in this entire industry.”
Schwartz contends that Wright is abusing the legal system to steal intellectual property rights and defame those who disagree with his opinion on Bitcoin. The Ripple executive slammed Wight as a “despicable coward” who sues people for sharing their opinions.
In response to such allegations, Wright stated that any claims made about him must be supported with factual evidence or could be considered defamatory.
The debate then centered around XRP and its legitimacy, with Wright accusing Ripple of not showing how their tech is deployed anywhere outside of paid trials.
Wright then made a bold claim that he intends to come out with an “academic analysis of XRP” in 2023 that “will show how dishonest the system is”. Wright also predicted that Ripple will lose Against the US Securities and Exchange Commission.
