Ripple CTO hits hard at Ethereum founder

Recently, the founder of the Ethereum (ETH) network, Vitalik Buterin, a statement in which he is quite negative about Ripple (XRP) used to be. Of course, this statement went down the wrong way with XRP fans. Ripple’s CTO, David Schwartz, was also displeased with Buterin’s words and slammed the Ethereum founder.

Ethereum founder vs. ripple

In Canada there would recently be new regulation have been introduced that will ensure that crypto investors there have a $30,000 limit on purchasing certain cryptocurrencies, including Solana (SOL). Although Ethereum is not on the list of cryptocurrencies with such a limit, the Ethereum community reacted strongly to the regulation.

According to Buterin, this was nice to see. However, someone responded to Buterin’s message that he wouldn’t have minded if XRP was also mandated with such a limit. Buterin went on to state that he agreed and that Ripple had lost any right to protection from the Ethereum community years ago.

Response Ripple

Not surprisingly, the response from the Ripple community was huge. Soon a storm of Ripple supporters arose on Twitter and even the CTO of Ripple joined the discussion.

β€œ’The government should penalize projects that don’t match our story’ seems like a good thing for ETH,” said Schwartz.

David Schwartzman also tried to attack Ethereum and Buterin by stating that ETH and BTC are both securities, or are effects. Somewhat ironically, since it is precisely Ripple that has been involved in a lawsuit with the American Securities and Exchange Commission (SEC) for exactly this issue. He asked:

β€œI do think it is perfectly fair to compare miners in PoW systems with shareholders in companies. Just as eBay shareholders make money from the residual friction between buyers and sellers that eBay doesn’t remove, so do miners at ETH and BTC.”

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