{"id":26414,"date":"2022-08-19T09:07:48","date_gmt":"2022-08-19T09:07:48","guid":{"rendered":"http:\/\/egrowonline.com\/?p=26414"},"modified":"2022-08-19T09:07:48","modified_gmt":"2022-08-19T09:07:48","slug":"should-ripple-xrp-be-left-to-rot-well-vitalik-buterin-thinks","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=26414","title":{"rendered":"Should Ripple [XRP] be left to rot- Well, Vitalik Buterin thinks&#8230;"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"mvp-content-main\">\n<p><span style=\"font-weight: 400\">The Ripple-SEC long-standing battle may have neared no end but its effect on its native cryptocurrency may now be worse. <\/span><\/p>\n<p><span style=\"font-weight: 400\">After the last ruling where it seemed like the payment processing company was <\/span><a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/sec-vs-ripple-sec-submits-this-brief-about-disclosing-hinman-speech\/\" data-wpel-link=\"internal\" rel=\"noopener\"><span style=\"font-weight: 400\">progressing<\/span><\/a><span style=\"font-weight: 400\">, <\/span><a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=ripple\" data-wpel-link=\"internal\" rel=\"noopener\"><span style=\"font-weight: 400\">Ripple [XRP]<\/span><\/a><span style=\"font-weight: 400\"> became the victim of an assault.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum founder Vitalik Buterin led the attack on the cryptocurrency in what seemed like \u201cpayback time.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\"> While applauding the <\/span><a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=ethereum\" data-wpel-link=\"internal\" rel=\"noopener\"><span style=\"font-weight: 400\">Ethereum [ETH]<\/span><\/a><span style=\"font-weight: 400\"> community for resistance to regulation, Vitalik said the plight of Ripple was not to be supported and XRP should not be protected.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">XRP already lost their right to protection when they tried to throw us under the bus as &#8220;China-controlled&#8221; imo:<a target=\"_blank\" href=\"https:\/\/t.co\/t6cbMtjsEV\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/t6cbMtjsEV<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1560050865070690304?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">August 17, 2022<\/a><\/p>\n<\/blockquote>\n<h3><strong>Remedy for damages<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">The comment did not go well with the crypto community, especially on the XRP end. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Vitalik noted that he did not suddenly withdraw support for the coin but has been avoiding the sixth-ranked cryptocurrency since its parent company<\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1341219519545556992\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400\"> called<\/span><\/a><span style=\"font-weight: 400\"> ETH \u201cChina-controlled.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The event which happened in December 2020, seems not to have left the mind of the ETH founder.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Vitalik was not the only crypto head involved in the XRP smack. Initially, Bankless founder David Hoffman had taken a dig at the cryptocurrency. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/TrustlessState\/status\/1560048202446999552\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400\">questioning<\/span><\/a><span style=\"font-weight: 400\"> Canada\u2019s recent regulation to set buy limits on <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" data-wpel-link=\"internal\" rel=\"noopener\">Bitcoin [BTC]<\/a>, Ethereum [ETH], and other altcoins, Hoffman had said he wouldn\u2019t have bothered about the implications if it was just XRP. He further stated,\u00a0<\/span><\/p>\n<blockquote>\n<p>\u201cIf they had restricted XRP I wouldn\u2019t have said anything.\u201d<\/p>\n<\/blockquote>\n<h3><strong>\u201cWe are innocent\u201d<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">Interestingly, the back and forth did not end at Vitalik\u2019s rebuttal. Deaton Law Firm managing partner John Deaton, who is also a part of the XRP community, responded to Vialik\u2019s remarks. <\/span><\/p>\n<p><span style=\"font-weight: 400\">He <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1560067986152734721\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400\">noted<\/span><\/a><span style=\"font-weight: 400\"> that neither XRP nor its 72,000 holders should take the fall for Ripple\u2019s misdeeds. <\/span><\/p>\n<p><span style=\"font-weight: 400\">He added that whatever happened in 2020 was on the Ripple team led by its founder, Brad Garlinghouse.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With Ethereum preparing for its Merge, and Ripple hoping its case with the SEC closes soon, none of the cryptocurrencies seemed to have made much progress.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As for ETH price, it has decreased. As per CoinMarketCap, it had <\/span><a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400\">dropped<\/span><\/a><span style=\"font-weight: 400\"> 0.57% to trade at $1,856.81 at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400\">XRP, on the other hand, had <\/span><a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400\">recorded<\/span><\/a><span style=\"font-weight: 400\"> a 1.57% uptick, trading at $0.375. <\/span><\/p>\n<p><span style=\"font-weight: 400\">There has also been a 10.98% decline in XRP volume while ETH\u2019s volume did not decline much. <\/span><\/p>\n<p><span style=\"font-weight: 400\">At press time, it was only a 0.48% reduction to $17.70 billion, suggesting that trading activity across ETH was pretty much active.<\/span><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/should-ripple-xrp-be-left-to-rot-well-vitalik-buterin-thinks\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ripple-SEC long-standing battle may have neared no end but its effect on its native cryptocurrency may now be worse. After the last ruling where it seemed like the payment processing company was progressing, Ripple [XRP] became the victim of an assault. Ethereum founder Vitalik Buterin led the attack on the cryptocurrency in what seemed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[1522,7892,265,10577,2290,1521,58],"class_list":["post-26414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-buterin","tag-left","tag-ripple","tag-rot","tag-thinks","tag-vitalik","tag-xrp"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/XRP-FEATURED-1000x600.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26414"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26414\/revisions"}],"predecessor-version":[{"id":26416,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26414\/revisions\/26416"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/26415"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26414"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}