Key Points:

Craig Wright’s Critique: Australian computer scientist Craig Wright, who claims to be Satoshi Nakamoto, has questioned the effectiveness and legacy of Ripple’s cross-border payment system.

Ripple vs. SWIFT: Wright argues that Ripple’s system is slower, less secure, and lacks utility compared to SWIFT, a widely used global banking network: "You’ve created a system slower than SWIFT and devoid of true utility."

Ripple’s Legacy Questioned: Wright challenged Ripple's contribution to the future of commerce and technology, asking, "Where is your legacy?"

XRP Labeled Speculative: Wright slammed XRP, calling it a "speculative construct" that attracts investors focused on short-term gains rather than long-term value. He said XRP is "not a genuine advancement, but a speculative vehicle."

Ripple CTO’s Reflection: David Schwartz, Ripple’s CTO, admitted that their reliance on XRP for revenue may have led to less-than-optimal decisions. He also suggested that while Ripple avoided ICOs and meme coins, doing so could have been profitable.

Debate Over Strategy: Schwartz hinted that entering spaces like meme coins or ICOs might have yielded financial gains, but Ripple chose to steer clear due to a lack of necessity.

#Therapydogcoin #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost