Ripple Slammed for Implying Company Simply ‘Discovered’ XRP

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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.

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):

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.

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.

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!


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