- An internal Ripple email from 2018 rekindles claims that Ripple is the culprit “Bitcoin is controlled by China” propaganda.
- Brad Garlinghouse, the Ripple CEO is said to have confirmed publicly this statement. The company stated a position similar in its Wells Notice Response to the US Securities and Exchange Commission in 2020.
Ripple is at the center of another controversy after an internal email was intercepted suggests It was the firm that promoted the “China controls Bitcoin” propaganda.
In reviewing those emails we discovered that an anonymous individual asked if the group was prepared to “put someone on the record” Calling out Bitcoin and Ethereum. In another email, dated 2018, it was stated that Brad Garlinghouse the Ripple chief had publicly made a statement about this.
Ripple’s Prior Claims against Bitcoin
Garlinghouse, speaking at the Stifel Cross Sector Insight Conference held in Boston on September 28, 2018, revealed that “Bitcoin is really controlled by China.” In an interview with Stifel Tech analyst Lee Simpson, Ripple’s boss revealed that only four Chinese miners controlled 50% of Bitcoin. In an interview with Stifel Tech Analyst Lee Simpson, the Ripple boss revealed that 50% of Bitcoin supply was controlled by just four miners in China.
Another story is worth your attention. It’s not widely known, but it deserves to be. Bitcoin is controlled by China. Four Chinese miners control more than 50% of Bitcoin. How can we be sure that China will not intervene? How many countries would want to have a Chinese controlled currency? There’s no way it will happen.
Garlinghouse suggested that it was a mistake to compare Bitcoin with XRP, as Bitcoin takes 45 mins to settle transactions whereas XRP takes four secs. Garlinghouse then said that Chinese President Xi Jinping only spent $1 million on Bitcoins to manipulate the Blockchain for additional gains. discussed In our previous article.
Ripple made the same claims in its Wells Notice to US Securities and Exchange Commission. Ripple stated in its document that Bitcoin, Ethereum and other cryptocurrencies are susceptible to Chinese influence due to their simple majority rule.
In response, Ethereum founder Vitalik Buterin noted that the Ripple Team was not a Ripple member. “sinking to a new level of strangeness.”
Ripple/XRP seems to be sinking into new depths of absurdity. The Ripple/XRP team is claiming their coin shouldn’t be called a “security” for reasons of public policy, specifically because Bitcoin and Ethereum were controlled by the Chinese.
Garlinghouse calls for unity
Brad Garlinghouse has changed his mind. The Ripple CEO has repeatedly called for industry unity rather than “tearing each other down.” You can also read about the advantages of using mentioned Garlinghouse believes, as he did in a previous briefing on the subject, that crypto-progress has been hampered by maximalists.
Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common IF we work together instead of tearing each other down. It is never and will not be a zero sum game.
While Garlinghouse’s inclusion of XRP in the US Crypto Reserve was highly criticized, it seems that most Bitcoin supporters have not forgiven him. As such, indicated Pierre Rochard has described Ripple in our most recent conversation as a failing company looking for a government bailout.
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Source: www.crypto-news-flash.com
