Craig Wright Bashes Ripple and Its Blockchain Technology: “XRP is a Shitcoin, Deal With It”

There is never a dull day when it comes to world of cryptocurrency. In this regard, long-time Bitcoin proponent and controversial figurehead Craig Wright has once again shocked the global altcoin community by going on record and calling XRP a “shitcoin”.

Even though Craig may sometimes come across as a person who will do/say anything to gain a little mainstream media exposure, there is no denying that he has been quite instrumental in the evolution of the crypto ecosystem (as we know it) over the past couple of years.

For example, he is the person behind the controversial fork that gave rise to two new Bitcoin chains— namely Bitcoin ABC (backed by Roger Ver) and Bitcoin SV.

Wright Believes the Underlying Idea Behind XRP is “Retarded”

Via a tweet posted by Wright yesterday, he publicly discredited XRP by calling the altcoin “retarded” (from the point of view of its operational framework).

He then went on to say that while he loved many projects within today’s crypto ecosystem, he certainly had no affinity for XRP — since it went against many of the core principles that alt-assets such as Bitcoin stood for.

Twitter Explodes

As was to be expected, shortly after Wright posted the aforementioned tweet, a number of people took to the internet to display their discontent with his opinion. For example, many individuals thought that Wright’s attitude was quite inconsiderate of other people’s feelings— especially his use of “offensive” language.

In addition to all this, it is also worth noting that Craig’s latest attack on XRP comes in the wake of Brad Garlinghouse’s attendance of the World Economic Forum (WEF) in Davos, Switzerland. For those who may not be aware, this year’s iteration of the WEF will feature the appearance of big name players such as Jeff Schumacher and Glenn Hutchins.

Not only that, as per the official event agenda available online, this year’s conference will focus mainly on ideas related to ‘crypto and blockchain technology.’

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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