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TheCryptoBasic

12/18/2023

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Cardano Founder Addresses Two Years of XRP Community Harassment

Hoskinson insists XRP does not offer any technical value, reiterating that the community behind the cryptocurrency is toxic and petty.  Cardano founder Charles Hoskinson has taken to X to assert that XRP, the...

Cardano Founder Addresses Two Years of XRP Community Harassment

Hoskinson insists XRP does not offer any technical value, reiterating that the community behind the cryptocurrency is toxic and petty. 

Cardano founder Charles Hoskinson has taken to X to assert that XRP, the fifth-largest cryptocurrency by market cap, has no technical value. 

Hoskinson remarked after an XRP enthusiast called his attention to derogatory statements he made about the coin one year ago. 

XRP Enthusiast Recount Hoskinson Derogatory Statements 

In a tweet yesterday, @3TGMCrypto stated that it has been a year since the Cardano founder “dropped a bomb” on the XRP community, saying that the crypto asset offers no partnership nor technical value. 

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The X user also pointed out that Hoskinson called XRP community members toxic, petty, and conspiracy theorists. 

“Today, we ask @IOHK_Charles, do you still stand by those bold proclamations about $ XRP’s value?” @3TGMCrypto quizzed. 

Cardano Founder Reacts 

Interestingly, Hoskinson answered affirmatively, suggesting that XRP has no technical value and that the community is toxic and petty. 

Yes

— Charles Hoskinson (@IOHK_Charles) December 17, 2023

Notably, the Cardano boss highlighted the “two years of daily harassment by the community” as one of the factors that stirred his conclusion about XRP. 

He pointed out that while Ethereum, Cardano, Polkadot, Algorand, and Tezos solved similar problems, Ripple was built for a different purpose. 

Per Hoskinson, it makes no sense to connect these techs, given the personal attacks, harassment, as well as the inability to converse with XRP community members. 

Two years of daily harassment by the community, the lack of technical overlap between Cardano and XRP, and the different product market fit.

Projects like Tezos, Algorand, Polkadot, Ethereum, and Cardano are solving similar problems. Ripple is built for a different purpose. The…

— Charles Hoskinson (@IOHK_Charles) December 17, 2023

Dispute Between Hoskinson and XRP Community 

For context, Hoskinson and XRP community members have been at loggerheads for over a year. The dispute started after the U.S. SEC charged Ripple with offering unregistered securities. 

As the lawsuit intensified, several allegations surrounding Ethereum’s free pass and ETHGate theory emerged. It bears mentioning that the Ethereum free pass refers to former SEC official Bill Hinman declaring ETH and BTC as non-securities in June 2018. 

Conversely, ETHGate refers to the theory that Ethereum officials fostered relationships with the SEC to create a favorable regulatory environment for ETH. However, some XRP community members allege that ETHGate also involves Ethereum officials paying the SEC to attack Ripple. 

Commenting, Hoskinson, who co-founded Ethereum, described the allegation as a conspiracy theory, emphasizing that there is no evidence supporting such claims

There has been a war of words between Hoskinson and the XRP community since the “conspiracy theory” statement emerged. 

With the SEC labeling Cardano (ADA) a security, some XRP community members used the conspiracy theory statement to troll Hoskinson. 

Reacting, Hoskinson reiterated that his conspiracy theory remark was in response to allegations that the SEC was bribed to attack Ripple, not about Ethereum getting a pass. 

Despite shedding light on the statement, the dispute between Hoskinson and the XRP community has continued to linger. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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