Ripple’s CTO Controversial Comment On Stellar Lumens Sparks Reactions
In a recent tweet, Ripple’s Chief Technology Officer, David Schwartz, made controversial comments about Stellar Lumens’ founder Jed McCaleb.
Schwartz referred to McCaleb as a “crazy fool holding a live grenade” when discussing the differences between Ripple and Stellar. As expected, Schwartz’s recent comments have caused a stir in the cryptocurrency community, with almost 200,000 engagements.
Controversy Between Ripple And Stellar
In an August 2022 tweet, a crypto influencer asked Ripple CTO his greatest criticism of Stellar. Schwartz didn’t respond, but McCaleb noted that the Stellar ledger threatens XRP. The comment from Stellar’s co-founder indicated that both parties were not on good terms.
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In a May 8 tweet, Stellar co-founder pointed at an update patterning to the latest program in the XRP community in Las Vegas.
According to McCaleb, the SEC chair should intervene to “set things straight,” as he was indirectly talking about the ongoing case between Ripple and the SEC.
A few hours after the tweet, Schwartz called McCaleb a fool, telling crypto enthusiasts to beware of him. He gave an illustration using a video clip showing a police officer who accidentally ignited a live grenade in a car. Schwartz concluded that the video clip portrays who McCaleb is.
Some questioned the appropriateness of such language, criticizing Schwartz for resorting to personal attacks rather than focusing on the merits of Ripple’s technology. However, several others stood with the Ripple CTO.
In response, Stellar’s co-founder stated that “envy is never a good look, Schwartz.” McCaleb further mentioned that there is an opening in Stellar for the Ripple CTO if he is interested in working as his secretary to take calls for him.
Although the blockchain payment solutions of both communities aim to improve the financial sector, it’s impossible to tell whether or not their dispute will end soon.
As the crypto industry currently faces a war with regulators, this is not the right time to attack one another. It will be better for crypto companies to collaborate and strategize to win the battle, attorney John Deaton said.
XRP And XLM Market Outlook
In the meantime, XRP trades at $0.4262, displaying a 24-hour decline of 0.49%. The token currently holds a market cap of more than $21.9 billion that has declined by 2.75% over the past 24 hours.
Meanwhile, its trading volume of $1,110,436,120 shows gains of over 22% in the last 24 hours. XRP still stands among major tokens, according to CoinMarketCap’s ranking.
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On the other hand, XLM has been trading more in the red zone than green in the past 24 hours, as its price declined by 0.55% within this period.
It holds a price of $0.08899 and ranks #27 on CoinMarketCap at the time of writing. It was among the first 10 tokens about five years back when it had a market cap of over $12 billion.
Featured image from CB Insight and chart from Tradingview.com
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