Here’s why XRP community is lashing out at Vitalik Buterin

Sahana Kiran
Source – Unsplash

The Ethereum network has been busy prepping for the Merge. In the meantime, Canadian exchanges BitBuy and Newton decided to instill a net buy limit for altcoins. Ethereum, however, was excluded. Prominent alts like Solana [SOL], Cardano [ADA], and XRP were on the list. Speaking about the same, Bankless co-founder David Hoffman expressed his distress about including Solana on the list. Ethereum co-founder Vitalik Buterin also commented about the same and noted how Ethereum wasn’t part of the restricted list.

As seen above, Hoffman took a dig at the sixth-largest digital asset by market capitalization. Buterin seemed to have played along as he tweeted,

“XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” IMO:”

The crypto-verse entails thousands of assets, and Rifts between communities aren’t new. Similarly, XRP and Ethereum communities have been at it for quite some time.

Ripple was sued by the Securities and Exchange Commission [SEC] as the financial watchdog categorized XRP as a security. While fighting its battle, Ripple was seen dragging Ethereum into the case. Several in the Ripple community weren’t happy that Ethereum was given a free pass.

Furthermore, Brad Garlinghouse, the CEO of Ripple, even stated,

β€œWithin the last few years, XRP was the second most valuable digital asset. As it became clear the SEC had given a hall pass to ETH, ETH obviously has kind of exploded and that clarity has helped.”

Similar instances have taken play in the past. Following Buterin’s latest comment, the XRP community barged in and defended their favorite crypto asset.

Ripple CTO defends XRP

David Schwartz, Ripple’s CTO, decided to take a jab at Buterin by tweeting, “The goverment should punish projects that disagree with our narrative” seems pretty on brand for ETH.”

The Ripple CTO further tweeted,

The rest of the XRP community called Ethereum for its high gas fees. In addition, John Deaton from the Deaton Law firm noted how Buterin suggested that XRP investors did not deserve to be protected.

“You would think someone who belongs on Mount Rushmore of Crypto would understand that #XRP is software code. Vitalik, are you saying the 72K #XRPHolders I represent don’t deserve to be protected? Shame on you.”

The tiff between XRP and Ethereum is likely to persist. While Ripple tries to shake off the securities categorization that the SEC had slapped XRP with, Ethereum has been working towards the Merge.