Oh, darling, gather ’round for the latest delicious dish from the crypto world. Our dear Ripple CTO, Mr. David Schwartz-who, I dare say, looks as if he’s just stepped out of a London fog-has finally put to rest the rather melodramatic whispers about his company’s grip on XRP’s price. 🎩💼
He clarified, with the sort of scholarly disdain only a tech genius can muster, that Ripple’s hefty stash of XRP-34.75 billion tucked away in an escrow, no less-does not, I repeat, not have any magical influence over its value. Claims that the lot of it is some sort of financial Shakespearean trap? False. According to Schwartz, “if XRP were worth more without Ripple, then when you buy or sell, it’s all just a chaotic dance of value cancellations-like trying to dance the waltz while tripping over your own feet.” Charming! 💃📉
And for those pesky critics accusing Ripple of cornering the market, Schwartz reminds us-ever so politely-that Ripple’s role in the ledger is as subtle as a gentleman’s gentle touch. The company’s holdings don’t meddle with how the XRP Ledger itself operates or how your friendly neighborhood trader transacts. No puppeteering-just a lot of legal, boring escrow stuff. 🎭
“If XRP’s worth more without Ripple, then it’s worth less with Ripple. It’s like owning a priceless teapot only to realize it’s just as valuable empty as full. Unless, of course, Ripple plans to turn into a Bond villain and take over the world-then we might have an issue,” said Schwartz, probably while sipping a martini. 🍸
– David ‘JoelKatz’ Schwartz (@JoelKatz) November 5, 2025
And on the finer points of network operation, Schwartz, in a magnanimous gesture, explained that unlike those greedy Bitcoin miners or Ethereum’s staking bandits, XRPL validators earn nothing for transaction confirmation-no tiny pieces of the pie, no secret commissions. Just good old-fashioned integrity, or perhaps a desire to keep everyone’s transactions cleaner than a Victorian drawing-room. 🧹✨
The Ripple Riddle: To Bend or Not to Bend?
Some folks say Ripple’s acting like a “macro-miner,” selling XRP to fund the endless cocktail parties-or perhaps to buy themselves a yacht or two. Others believe that Ripple’s involvement is merely the spark that ignites the network’s growth-a rather divided debate that keeps the industry buzzing like a dysfunctional family at Christmas. 🎄🎁
Fear not, dear reader, for Schwartz assures us that anyone can use the XRP ledger without so much as a curt nod from Ripple itself. And those tiny transaction fees? Just a drop in the ocean, designed purely to keep the spam bots at bay-because nothing says “trust me” like a few fractions of a cent. 💸🚫
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2025-11-05 18:38