Australian scientist Craig Steven Wright was corrected by Ripple’s chief technology officer, David Schwartz “JoelKatz,” for his ignorance over the XRP token. Wright, who has openly claimed multiple times to be the key component of the team that built Bitcoin and the person behind the pseudonym Satoshi Nakamoto, noted on Twitter that the issue with any conversation with anybody connected with XRP is that none of them can genuinely dispute anything coherently.
He continued by saying that not even “XRP cult leader JoelKatz” has any reasonable responses to questions concerning things like scalability. Like how XRP brags that it can process 1500 TPS, while in reality it can only process 100 TPS reliably on a good day.
This is not the topic of discussion, JoelKatz told Wright. “You’re angry that I pointed out that you were completely wrong about a completely different issue, so you changed the topic to scale to deflect from the fact that you were caught spouting nonsense,” the Ripple CTO said.
Their disagreement stretches back many tweets earlier on both sides. According to what the scientist had said, institutional investors would not be allowed to use Bitcoin until and until the system can be restored in accordance with a valid court ruling.
JoelKatz referred to Wright’s comments as being dumb due to the fact that institutional investors are not even the target market. Wright said that JoelKatz lacks an appreciation for the complexities of finance or the reasons why individuals invest in commodities.
This, not the scalability of XRP, was the focus of conversation, JoelKatz said. In his words:
“You can see that this was not a conversation about how XRP scales at all and that he immediately attempted to back up his nonsensical claims with irrelevant ad hominem.”
