Ripple Leader Jabs Stellar: “I Don’t Know Any Developers Working On Lumens Other Than XLM”

An interesting AMB Crypto report has revealed the details regarding Ripple and how it forked into what’s known today as Stellar (

According to the claims made, Jed McCaleb left Ripple to start Stellar and in order to get Ripple a negative reputation, McCaleb tried to dump all of his XRPs at once. This however did not happen as Ripple Executives managed to stop him from doing so by pressing lawsuits against him.

As per David Schwartz, Ripple’s CTO, McCaleb was known for having ideas that did not reflect the ideologies of the Ripple’s Board of Directors. Hence, he

“started Stellar based on those ideas [and tried] to dump his XRP quickly and Ripple acted to stop him through a series of lawsuits.”

McCaleb left the company after agreeing to put off his original idea of dumping his XRP tokens, along with selling off his shares of the company. He also had to ensure that both himself and his family members gradually sold their XRP holdings. This might have led McCaleb to hold a sour opinion on Ripple, as he has been known for constantly pointing out flaws in the firm’s protocol.

Ripple’s Chief Strategist, Cory Johnson has also shared his take on Stellar and seems to be impressed that such a project was carried out and has since attained support. However, he believes that the outreach is not as large as that of Ripple’s because,

“there are lots of companies developing on XRP. I don’t know many developing on Lumens other than Stellar.”

What are your thoughts on this? Is it smart for Ripple to take Stellar so lightly considering the number in support the latter has managed to secure? Let us know in the comments below!

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