Controversial Craig Wright Points Fingers at Ripple for “Legal and Technical Problems” With XRP
Anyone familiar with cryptocurrency knows the name Dr. Craig Wright. Some people know him as the creator of Bitcoin Satoshi Vision (BSV), while others have her his continuous (and denied) claims of being the actual creator of Bitcoin, Satoshi Nakamoto.
At the beginning of the year, he put his name in the news with an accusation against Andreas Antonopoulos that he had led the public wrongly over what Bitcoin, adding that all he knows is how to spell it.
Now, Wright is going after XRP in a recent Twitter post, saying, “There are both legal and technical problems in XRP.” The post added that he would be holding publication until September this year, which will then be peer-reviewed. The publication will include an analysis that shows those aforementioned problems. Soon, the comments started pouring in as a debate began.
These legal issues, as Wright describes, cannot be overcome without the immutable maintenance of the records impacted. To do so, the best option would be a move onto a scaled blockchain for the XRP/Ripple system. However, user Blockchain Barrister on Twitter seemingly discredited Wright, saying:
“People always seem to forget the 1.1 million BTC that he took from the possession of his dead business partner. This guy is dishonest from top to bottom.”
Another user, Crypto Utility Guy, brought up that the technology at Bitcoin is inferior, compared to Ripple. That concept supported the Twitter user that the store of value is all Bitcoin is good for, and that XRP and the interledger Protocol are already being implemented into banks and financial institutions.
Wright has remained adamant that the publication to come in September will reveal the ways that XRP cannot survive the long-term life that much of the community believes in. With all of these allegations that Wright has brought against XRP, it will be interesting to see how the price and the community will ultimately be impacted.
Presently, Ripple (XRP) is valued at $0.303464, and it is ranked the third-largest cryptocurrency by market capitalization, according to CoinMarketCap, despite a 10% loss in the last 24 hours.