Nic Carter (@nic__carter), a partner at Castle Island Ventures and co-founder of Coinmetrics.io, has been attacking Ripple Labs on Twitter over their characterization of XRP as something that they merely found, not created.
Carter has seemingly been on a mission in recent days to let people know that Ripple Labs is being deceptive. Specifically, he feels that they are unfairly trying to portray XRP as something separate from the company.
For the record, these psychopaths are still literally and without a shred of irony claiming that they “discovered” XRP as opposed to having created it. https://t.co/YaxmFkWLtW
— nic carter (@nic__carter) October 9, 2019
In truth, Ripple Labs has sought to draw a distinction between themselves and the digital asset. They have even literally compared XRP to oil at times. Take for example this tweet from former chief market strategist, Cory Johnson (@CoryTV):
Ripple’s relationship to XRP is akin Chevron’s relationship to oil. We have a lot of it, we believe it’s a superior technology and we support its many uses — for billions of reasons. But we don’t have all of it, we don’t control it and we aren’t it.
— Cory Johnson (@CoryTV) October 4, 2018
Supporters of XRP have understandably attacked Carter for this assault, and he has unapologetically censored the thread from perceived “XRP Shills.” Still, there has been some constructive and respectful discussion that has emerged.
Nobody in @Ripple universe claims the founders as humans did not create $XRP so it looks like you are reacting emotionally to existence of a corporation or the system of law which truly does differentiate between actions of humans vs actions of legal entity as a common enterprise
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) October 9, 2019
Carter at one point posted an article by Preston Byrne which he posited was the “definitive take on the matter.” The article references several official documents to make the case that the founders of Ripple Labs did, in fact, create XRP. The company had a different name at the time the protocol was created, but this was the only caveat. Of course, this did not stop many on Twitter from continuing to push back.
First time seeing courage? Do you know at that time it was undecided if miners were going to be considered MTs? 3 men BRAVELY created $XRP entirely on their own to FULLY accept the responsibility and the consequences, INCLUDING PRISON, if regulations had worked out against them.
— Tiffany Hayden (@haydentiff) October 9, 2019
These attacks also come at a time when Ripple Labs are struggling with the controversy surrounding claims that the price of XRP is manipulated, as BeInCrypto has previously reported. The accusation is that the company sells large amounts of the currency whenever there is a rise in the market. Ripple Labs maintains that these claims are unfounded.
Is XRP being incorrectly represented by Ripple Labs, or is this just a debate over semantics? Let us know what you think in the comments below!
Images are courtesy of Twitter, Shutterstock.