• Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright clashed over the Christmas holidays in a verbal altercation on Twitter.
• Wright responded to a screenshot of a years-old tweet from Schwartz in which the Ripple CTO stated that Wright is not the inventor of Bitcoin, Satoshi Nakamoto.
• The discussion evolved toward Wright’s claim that the XRP Ledger cannot scale.
The debate between Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright has been raging since the Christmas holidays. The two opponents first sparred on Twitter, when Wright responded to a screenshot of a years-old tweet from Schwartz in which the Ripple CTO stated that Wright is not the inventor of Bitcoin, Satoshi Nakamoto.
The exchange of words between the two did not end there. The conversation quickly moved from the identity of the Bitcoin creator to the merits of the two blockchains in question – Ripple’s XRP Ledger and Wright’s Bitcoin SV. Wright argued that the XRP Ledger could not scale, citing its reliance on a centralized validator set and its lack of support for smart contracts. Schwartz countered by arguing that the XRP Ledger is one of the most scalable networks in existence and that its distributed ledger technology allows it to process thousands of transactions per second.
The two rivals have clashed multiple times since the initial altercation, often debating the scalability of their respective blockchains. In addition to the technical arguments, Wright has also made numerous personal attacks against Schwartz, accusing him of being “arrogant” and “ignorant”.
In the end, the debate between Schwartz and Wright has become an interesting case study in the ongoing war between the two main blockchains. While the technical arguments may never be resolved, it is clear that both sides have strong opinions on the matter and are not afraid to voice them. As the debate continues, it will be interesting to see how the two rivals’ positions evolve and how the two blockchains compare against each other.