• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, February 2, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Ripple CTO lashes back at Vitalik Buterin for his dig on XRP

August 18, 2022
in Crypto News
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

LBank Exchange Will List LiveGreen Coin (LGC) on February 10, 2023

February 2, 2023

Bitcoin Price Prediction 2030: Here’s What ARK Invest CEO Cathie Wood Predicts

February 2, 2023

Covered:

  • Ripple CTO Responds To Vitalik

Ripple CTO Responds To Vitalik

David Schwartz, the chief technical officer of Ripple, didn’t take Ethereum co-founder Vitalik Buterin’s dig on XRP very kindly. In a discussion that started around the recent $30,000 limit imposed by the Ontario crypto exchange on altcoins purchases barring Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Buterin, in a quoted response to a tweet, lauded the Ethereum community’s pushback against regulations that privilege ETH over other legitimate cryptocurrencies. David Hoffman, the founder of decentralized media and education platform Bankless.eth responded to Buterin and said that he wouldn’t have minded if they had restricted XRP.

XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” imo:https://t.co/t6cbMtjsEV

— vitalik.eth (@VitalikButerin) August 17, 2022

Buterin joined on the XRP bashing claiming they lost their right to protection when they tried to “throw us under the bus as China-controlled.” The response from Buterin created a storm among XRP followers on Twitter, and the debate was later joined by Ripple CTO David Schwartz himself.

Buterin was referring to Ripple’s defense in their ongoing court battle against the United States Securities and Exchange Commission (SEC), where they claimed XRP shouldn’t be deemed as security since Ethereum and Bitcoin are similar in nature and even called the top two cryptocurrencies as Chinese controlled. Ripple is fighting a security lawsuit from the SEC over the unlicensed sale and issuance of XRP tokens.

Schwartz reiterated Ripple’s earlier claims of ETH and BTC being security and compared miners in the ecosystem akin to shareholders of eBay. He said:

Trending

Everything You Need To Know About NFT Derivatives

“I do think it’s perfectly fair to analogize miners in PoW systems to stockholders in companies. Just as eBay’s stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC.”

Schwartz concluded his tweet with a question to Buterin, asking him whether the security debate should be settled by the government or the market.

Do you think this debate should be settled by the government or the market, @VitalikButerin? This quotation wasn’t pulled from some attempt by Ripple to get the government to regulate ETH, was it?

— (@JoelKatz) August 18, 2022

Ethereum’s security status became a hot topic during the ongoing lawsuit proceedings, where Ripple has claimed that the SEC has a clear bias against them and it favored Ethereum. In an interview in 2021, Ripple CEO Brad Garlinghouse claimed that SEC helped Ethereum to overtake XRP as the No.2 crypto.

The security status of cryptocurrencies has been a long-driven debate due to a lack of regulatory guidelines. The majority of regulators around the globe consider Bitcoin as an asset, while there is still an ongoing debate over the status of Ethereum due to the pre-mine and initial coin offerings (ICO).

*This article originally appeared in Cointelegraph.


Credit: Source link

ShareTweetSendPinShare
Previous Post

IOTA Holds Potential To Rally Despite Recent Correction

Next Post

South Korea to block 16 unregistered foreign crypto exchanges

Related Posts

LBank Exchange Will List LiveGreen Coin (LGC) on February 10, 2023

February 2, 2023

INTERNET CITY, DUBAI, 2nd February, 2023, Chainwire LBank Exchange, a global digital asset trading platform, will list LiveGreen Coin (LGC)...

Bitcoin Price Prediction 2030: Here’s What ARK Invest CEO Cathie Wood Predicts

February 2, 2023

In an interview with CNBC, Ark Invest CEO Cathie Wood restated her optimistic outlook for Bitcoin and the cryptocurrency market....

Shiba Inu most wanted asset among top 100 Ethereum whales – Is SHIB poised for a rally to $0.01?

February 1, 2023

Memecoin Shiba Inu became the most traded asset by top 100 ETH holders in January.  Shiba Inu knocked out the...

Web3 Wallets Providing Users with Risk Notifications 

February 1, 2023

Web3 wallets are becoming an increasingly popular way for people to manage their digital assets, including cryptocurrencies. These digital wallets...

Bitcoin Price Mirrors Late 2018 Pattern, Is $30,000 Imminent?

February 1, 2023

The crypto market is currently flashing a mixed signal where most of the large cap cryptocurrencies have turned red. However,...

Load More
Next Post

South Korea to block 16 unregistered foreign crypto exchanges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

5 Interesting Facts About Dogecoin You Never Knew

January 20, 2023

Bitcoin Price Analysis: Post-Surge Moderation

January 15, 2023

Arden Jones Parking Ticket NFT Initiative

January 30, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Damus social platform hits 45K members on first day
  • BankProv Stops Offering Loans Secured by Crypto Mining Rigs
  • LBank Exchange Will List LiveGreen Coin (LGC) on February 10, 2023

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,797.003.23%
  • ethereumEthereum(ETH)$1,668.045.84%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$328.726.79%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • rippleXRP(XRP)$0.4140353.24%
  • binance-usdBinance USD(BUSD)$1.00-0.06%
  • cardanoCardano(ADA)$0.4004875.04%
  • dogecoinDogecoin(DOGE)$0.0934621.11%
  • matic-networkPolygon(MATIC)$1.2211.94%
  • okbOKB(OKB)$39.926.18%
  • solanaSolana(SOL)$24.906.12%
  • staked-etherLido Staked Ether(STETH)$1,661.245.84%
  • polkadotPolkadot(DOT)$6.504.74%
  • litecoinLitecoin(LTC)$100.133.99%
  • shiba-inuShiba Inu(SHIB)$0.0000123.07%
  • avalanche-2Avalanche(AVAX)$21.7513.25%
  • tronTRON(TRX)$0.0634282.31%
  • uniswapUniswap(UNI)$6.946.94%
  • daiDai(DAI)$1.000.01%
  • cosmosCosmos Hub(ATOM)$14.667.89%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,741.003.06%
  • ToncoinToncoin(TON)$2.446.91%
  • chainlinkChainlink(LINK)$7.245.90%
  • moneroMonero(XMR)$178.402.53%
  • leo-tokenLEO Token(LEO)$3.37-6.57%
  • ethereum-classicEthereum Classic(ETC)$22.424.82%
  • AptosAptos(APT)$18.299.73%
  • bitcoin-cashBitcoin Cash(BCH)$138.465.05%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0928683.66%
  • apecoinApeCoin(APE)$6.176.36%
  • quant-networkQuant(QNT)$148.827.51%
  • filecoinFilecoin(FIL)$5.6510.99%
  • nearNEAR Protocol(NEAR)$2.448.52%
  • crypto-com-chainCronos(CRO)$0.0811943.49%
  • lido-daoLido DAO(LDO)$2.307.07%
  • algorandAlgorand(ALGO)$0.2553848.16%
  • hedera-hashgraphHedera(HBAR)$0.0689388.63%
  • vechainVeChain(VET)$0.0247399.50%
  • internet-computerInternet Computer(ICP)$5.972.33%
  • fantomFantom(FTM)$0.577.99%
  • decentralandDecentraland(MANA)$0.797.70%
  • axie-infinityAxie Infinity(AXS)$11.538.31%
  • aaveAave(AAVE)$90.5911.54%
  • the-sandboxThe Sandbox(SAND)$0.766.90%
  • eosEOS(EOS)$1.082.46%
  • flowFlow(FLOW)$1.149.71%
  • elrond-erd-2MultiversX(EGLD)$44.104.25%