Why XRP is Like That One Friend Who Never Pays You Back

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So, David Schwartz, the CTO of Ripple (a fancy title that basically means he knows a lot about tech stuff), decided to jump into the Twitterverse to clear up some confusion. You know, because nothing says “trust me” like a tech guy on social media! 😏

One brave soul on X (formerly known as Twitter, but let’s be real, it’s still Twitter) had the audacity to ask why Brad Garlinghouse, Ripple’s CEO, is the poster child for XRP when it’s supposed to be all decentralized and stuff. This user was commenting on a post by Conor McGregor, who, let’s face it, is probably just trying to figure out if XRP can help him buy more whiskey. 🥃

“Garlinghouse is the CEO of Ripple, a company. XRP has no issuer — all the XRP that will ever exist was created when the ledger was created. Unlike most other blockchains, XRPL has no rivalrous features, so the ledger itself can’t really do the initial distribution beyond letting…”

— David ‘JoelKatz’ Schwartz (@JoelKatz) May 27, 2025

David went on to explain, “Garlinghouse is the CEO of Ripple, a company. XRP has no issuer — all the XRP that will ever exist was created when the ledger was created.” Wow, groundbreaking stuff! 🙄

He also mentioned that the XRP Ledger is designed so anyone can claim XRP right off the bat, without the whole mining drama that other networks love to flaunt. It’s like a buffet where everyone gets a plate without having to fight for the last piece of chicken! 🍗

But wait, there’s more! Schwartz urged everyone to stop getting hung up on labels and focus on what really matters. You know, like whether your decentralized network can actually do its job without turning into a hot mess. It’s all about figuring out if a system can be compromised or controlled, which is way easier than arguing over who gets to be the king of the crypto castle. 👑

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2025-05-27 17:11