Ripple's CTO Emeritus Shuts Down 'Nonsensical' Centralization Accusations
Analysis
Price Impact
MedWhile the cto emeritus refuting centralization concerns is positive, the accusation itself from a notable figure suggests a lingering narrative that could impact investor sentiment in the short term. the comparison to bitcoin mining is strong, but the nuance of validator control vs. miner control might still be debated.
Trustworthiness
HighDavid schwartz is a key figure in ripple and the xrp ledger's development, making his statements highly credible on technical matters. the clarity of his refutation and the analogy used lend significant weight to his position.
Price Direction
BullishAddressing and refuting accusations of centralization is generally positive for a cryptocurrency, as it aims to allay investor fears about control and potential manipulation. this can lead to increased confidence and buying pressure.
Time Effect
ShortThe immediate impact of such a statement is usually felt in the short term as news spreads and traders react. long-term price action will depend on broader market trends and continued development of the xrp ledger.
Original Article:
Article Content:
Cover image via U.Today Add as a preferred source on Google News David Schwartz, Ripple’s Chief Technology Officer (CTO) and one of the original architects of the XRP Ledger (XRPL), has taken to the X social media network to shut down speculation regarding the network's perceived centralization. Advertisement "Objectively nonsensical" As reported by U.Today , Justin Bons, founder of Cyber Capital, posted a scathing thread on X (formerly Twitter), urging the crypto community to "reject all centralized 'blockchains'." He has specifically named Ripple, Stellar, Hedera, and Algorand. Bons argued that Ripple’s Unique Node List (UNL) makes it possible for the Ripple Foundation to gain "absolute power" and "control" over the chain. HOT Stories Ripple's CTO Emeritus Shuts Down 'Nonsensical' Centralization Accusations Crypto Market Review: Shiba Inu Is Completely Baseless, XRP's Stabilization Price Level Nears $1.20, Bitcoin Dives Below $62,720 Schwartz was quick to shut down this argument, stating that it was "objectively nonsensical." Advertisement "...effectively giving the Ripple Foundation & company absolute power & control over the chain..." This is as objectively nonsensical as claiming someone with a majority of mining power can create a billion bitcoins. — David 'JoelKatz' Schwartz (@JoelKatz) February 24, 2026 The former Ripple CTO drew a sharp parallel to Bitcoin mining to illustrate the absurdity of the accusation. You Might Also Like Thu, 02/19/2026 - 18:36 Ripple CEO: XRP Is 'Best Performing' Major Crypto By Alex Dovbnya Advertisement "This is as objectively nonsensical as claiming someone with a majority of mining power can create a billion bitcoins," Schwartz wrote. Schwartz has also rejected the idea that it would be possible to double-spend or censor transactions. "You count the number of validators that agree with your node, and your node will not agree to double-spend or censor unless you, for some reason, want it to," he said. Even if validators tried to act maliciously, the network’s design protects honest participants. He conceded that a conspiracy of validators could theoretically "halt the chain from the point of view of honest nodes." This is the XRPL equivalent of a dishonest majority attack, but they never get to double-spend. #Ripple News #XRP Price Prediction