Alex Cobb, a supposed XRP community member, recently reacted to a headline connoting the improvement in the decentralization of XRP Ledger.
In excitement, he mentioned Anthony Pompliano, Morgan Creek Digital co-founder, upon sharing the article, which brought about reaction from the latter and a smart response from Ripple’s CTO, David Schwartz
Anthony Pompliano and the Stern XRP Maximalist
Recently, Anthony Pompliano took the CEO of Ripple on a journey of 90 minutes interview, which was later made available for the consumption of the crypto community members.
This interview has really exposed Pompliano to the teeming and enthusiastic members of XRP community. Bothered by the contents of the conversation, some enthusiasts of the third-largest cryptocurrency by market cap might have judged Pomp as non-supporter of the use-cases of Ripple’s digital token, XRP.
In the manner which seemed like a taunt, Alex Cobb mentioned Pompliano rather than tagging him with a headline that says thus: “The XRP Ledger Is Now More Decentralized Than Ever.”
In response to this, Pompliano said, “…The question is whether XRP is more decentralized than Bitcoin? I don’t think so….”
Ripple CTO’s Smart Reply
David Schwartz, the CTO of Ripple, perceived the topic from a different perspective. Asserting his take on the debate, Schwartz pointed out that more helpful energy should be directed towards the resistance of the digital currencies to specific threats such as censorship, transaction reversal and some other factors that sometimes render the system useless.
Schwartz hinted his interest in discussing such topics rather than spending time talking about which one is more decentralized than the other as if decentralization of digital currency is measurable.
He said, “I think it’s probably more helpful to talk about resistance to specific threats (censorship, txn reversal, rule changes that make the system less useful, and so on) than trying to talk about decentralization as if it was one thing that can be measured.”
Bitcoin and XRP in the Market
The bears are overpowering majority of top coins in the market today. About 24 hours ago, Bitcoin was showcasing signs of price resurgence. This move made BTC to retest $8,700 resistance level, but it has since dropped below.
At the time of filing this report, BTC is trading at $8,376.07, with about 2% price plummet in the last 24 hours. On the other hand, Ripple’s XRP was as well forced by bears to drop a bit of its accumulated gains. However, XRP is still trading within its last 24 hours price without a significant price loss, unlike other top digital coins.