XRP has been the subject of numerous misconceptions, often fueled by critics within the cryptocurrency community. Recently, Mickle (@xrpmickle), a respected voice in the XRP community, addressed these claims with facts. His statements highlight key aspects of XRP that are frequently misunderstood or misrepresented. Bitcoin maxis love spreading FUD about XRP. Let’s debunk some lies with FACTS: • XRP is deflationary—no more can ever be created. • The XRP Ledger is decentralized. • Brad Garlinghouse didn’t create XRP. • XRP isn’t a company—Ripple is. • Ripple isn’t anti-Bitcoin (Brad… — mickle (@xrpmickle) January 25, 2025 XRP’s Deflationary Nature and Decentralization Contrary to claims that XRP can be manipulated through new token issuance, Mickle clarified that XRP is deflationary, meaning no additional tokens can ever be created. This provides certainty about the token supply, unlike inflationary cryptocurrencies. Additionally, the XRP Ledger (XRPL) operates as a decentralized blockchain. It relies on independent validators worldwide to secure the network. This dispels the narrative that it is controlled by Ripple. Ripple Chief Technology Officer (CTO) David Schwartz has debunked these decentralization claims multiple times, calling the argument incredibly stupid . Clarifying Ripple’s Role Another common misconception is the difference between XRP and Ripple. However, as Mickle pointed out, “XRP isn’t a company—Ripple is.” Ripple’s efforts focus on leveraging XRP for practical use cases, particularly in cross-border payments. Furthermore, Ripple CEO Brad Garlinghouse did not create XRP, which was launched by developers with deep roots in the Bitcoin community. Mickle also noted that Ripple is not anti-Bitcoin, with Garlinghouse himself holding Bitcoin, countering claims of hostility toward the leading cryptocurrency. XRP Use Cases and Adoption XRP’s use cases are another area where misinformation persists. Mickle emphasized that XRP has “significant use cases,” particularly in banking and payment systems. Financial institutions worldwide have adopted Ripple’s payment solutions. They often utilize XRP to improve transaction efficiency. This real-world utility demonstrates XRP’s value beyond speculative trading. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Addressing Claims About Centralization One of the most contentious debates involves decentralization. Critics argue that Ripple’s control over escrowed XRP makes the network centralized. However, Ripple has been reducing its control by releasing XRP from escrow based on a fixed schedule, contributing to decentralization over time. As another community member pointed out , Bitcoin faces increasing centralization concerns. He noted that “companies like MicroStrategy and BlackRock keep buying Bitcoin, making it more centralized.” Moreover, Bitcoin mining is now concentrated among a small group of entities with access to specialized hardware and resources. This shift contrasts with Bitcoin’s original vision of decentralization. Meanwhile, Ripple’s efforts to reduce its influence over XRP strengthen the case for its decentralized ecosystem. Satoshi’s Acknowledgment Mickle also reminded the community that XRP’s origins are intertwined with Bitcoin’s history. XRP was created by early Bitcoin developers who sought to improve its design. Mickle also reminded the community that Satoshi Nakamoto, Bitcoin’s pseudonymous creator, previously acknowledged Ripple. Mickle urged readers not to fall for echo chambers and instead explore the facts about XRP. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Pundit Debunks Bitcoin Maxis FUD about XRP With Nine Facts appeared first on Times Tabloid .
