Craig Wright Claims XRP is No More, Ripple CTO Responds

Join Our Telegram channel to stay up to date on breaking news coverage

  • WhatRipple CTO David Schwartz has dismissed the recent lawsuit as nonsensical.
  • Why – David Schwartz stated that Craig Wright does not need any individual to write code on his behalf and is merely trying to manipulate individuals into running it.
  • What Next – Craig Wright is accusing Ripple of not obeying the law and that Wright is laying out new rules for his followers on Twitter.

Ripple’s Chief Technology Officer, David Schwartz, and the self-proclaimed Bitcoin inventor, Craig Wright, have been engaging in a public exchange regarding the lawsuit outcome surrounding XRP.

In the latest development, Schwartz aimed Wright over a case concerning blockchain developers.

The UK Court of Appeal has reversed a decision made by the High Court, which would determine whether developers in the blockchain industry have legal responsibilities towards their users. This case is set to establish the obligation to restore access to digital assets that have been stolen.

Is Ripple Breaking The Rules?

Schwartz further added that Wright is suing programmers to write codes. However, Wright feels otherwise. Wright claims this lawsuit will ensure that developers act under the law, adding that Ripple is now falunting the rules.

Schwartz went ahead to inquiring wright over the implied integration and stated what kind of moves Wright was trying to pull off. That being said, Schwartz is open to debate on the Bitcoin nodes with Wright.

XRP Isn’t Decentralized, Craig Wright

The ongoing tussle continues with Wright accusing Ripple of not obeying the law and is not entirely decentralized. Moreover, he made fun of Schwartz’s understanding of the law and compared him with Madoff. Furthermore, Wright added that XRP is gone if Tulip Trading triumphs in the case.

Currently Ripple’s native currency, XRP trades at $0.3975 with a minor drop in the price on the chart.

Join Our Telegram channel to stay up to date on breaking news coverage

Source: https://insidebitcoins.com/news/craig-wright-claims-xrp-is-no-more-ripple-cto-responds