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TimesTabloid 2025-01-26 08:11:40

Crypto CEO Adds More Reasons to Criticize Ripple and XRP

Crypto CEO Adds More Reasons to Criticize Ripple and XRP

Samson Mow, a prominent Bitcoin advocate and CEO of JAN3, has reignited criticism of Ripple and its associated cryptocurrency, XRP. Known for his staunch support of Bitcoin, Mow has often opposed other cryptocurrencies, and his recent remarks on social media have rallied similar Bitcoin maximalists and intensified scrutiny of Ripple and the role XRP could play in a potential U.S. crypto reserve. Mow Challenges XRP’s Inclusion U.S. President Donald Trump recently ordered the evaluation of a national digital asset reserve . The debate within the cryptocurrency community now centers on whether the U.S. should diversify a potential digital asset reserve beyond Bitcoin. Mow strongly opposes this idea, asserting that Bitcoin alone holds value as a national crypto reserve. He argues that adding other cryptocurrencies, such as XRP, would effectively reward companies that created tokens without inherent value. He highlighted Ripple’s issuance of 100 billion XRP tokens as an example of this practice, stating that such actions are akin to generating wealth “out of thin air.” According to Mow, including XRP in a government-controlled reserve would misuse taxpayer funds, ultimately benefiting Ripple and its founders. Calls For Increased Criticism of Ripple and XRP Beyond the debate over crypto reserves, Mow expanded his critique of Ripple and XRP. Referring to a surge in posts criticizing the company and its cryptocurrency, Mow argued that existing negative opinions did not go far enough. In his recent post on X, he commented, “I see a lot of posts hating on or listing out reasons why you should hate Ripple/XRP, and I just want to add some perspective. You still don’t hate them enough, and there are still way more reasons why you should hate them.” We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Mow’s remarks underline his belief that XRP’s creation process and its association with Ripple contradict the principles of decentralization and scarcity that Bitcoin embodies. His outspoken criticism has positioned him as a key opponent of Ripple’s ambitions within the cryptocurrency space. However, not all his criticisms hold water. Ripple’s Chief Technology Officer (CTO) David Schwartz has consistently debunked centralization claims . While many Bitcoin maximalists share Mow’s views, others remain open to exploring the potential of altcoins like XRP. Charles Hoskinson, the founder of Cardano, recently weighed in on the debate, asserting that only Bitcoin is likely to be included in a U.S. digital asset reserve. However, unlike Mow, Hoskinson did not criticize Ripple or XRP but has worked with Ripple on RLUSD, showing that past personal problems should be put aside for the advancement of the crypto world. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Crypto CEO Adds More Reasons to Criticize Ripple and XRP appeared first on Times Tabloid .

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