Ripple CTO recommends Charles Hoskinson take a timeout, after Cardano co-founder called XRP Army toxic


  • Ripple CTO David Schwartz asks Charles Hoskinson to wait a few days and decide whether he wants to call the XRP Army toxic. 
  • The Cardano co-founder claimed that XRP has no partnership or technical value and the community is toxic. 
  • XRP price fared better than Cardano when compared year-on-year, despite the US SEC lawsuit and criticism from industry players. 

Cardano co-founder and former Ethereum co-founder Charles Hoskinson ended his relationship with the Ripple community claiming that XRP Army is toxic. Ripple CTO David Schwartz put Hoskinson in timeout, asking him to take a few days and read his comments on XRP and its community. XRP has outperformed Cardano (ADA) when comparing the altcoin’s performance year-on-year. 

Also read: Here’s why Charles Hoskinson believes Dogecoin and Solana could be Cardano side chains in the long term

Ripple CTO responds to Charles Hoskinson’s statement that XRP has no technical value

Ripple CTO David Schwartz recommends that Charles Hoskinson take a timeout, after reading his comments on Ripple’s community and XRP token. Hoskinson put an end to his controversial opinions on XRP with a final comment. 

Hoskinson has engaged in Twitter battles with the Ripple community, known as the XRP Army, time and again. In what is being considered Hoskinson’s last commentary on Ripple, the Cardano co-founder said that the token has no partnership or technical value. 

The Cardano co-founder believes XRP Army is toxic and expressed his wish to distance himself from the “toxicity.” Hoskinson is popular for his negative commentary on Ripple’s cross-border settlement token XRP and the altcoin’s community. 

The former Ethereum co-founder took to Twitter to critique the third-largest altcoin by market capitalization. Hoskinson shared a video of himself where he explains that he does not see any importance in answering XRP or Ripple-related questions. He will refrain from commenting on the US Securities and Exchange Commission’s lawsuit against the payment giant. Hoskinson was quoted as saying:

If asked in the future, I’ll just simply say no comment.

After Hoskinson shared his belief that Ripple will settle the lawsuit with the US financial regulator on December 15, the community unleashed their criticism and labeled the Cardano co-founder a “liar.” 

Hoskinson believes that the XRP community has mocked him for dismissing their conspiracy theories surrounding the case and he states that the XRP Army is “willing to viciously attack a person, who, frankly, has not attacked them.”

Hoskinson tweeted:

XRP outperformed Cardano (ADA) when comparing the altcoin’s YoY

The year 2022 was filled with ups and downs, mostly downs for the cryptocurrency ecosystem. Altcoins like Ripple’s (XRP) cross-border payment settlement token XRP and Ethereum-killer Cardano (ADA) suffered a massive decline in their price, year-on-year. XRP price yielded 58.7% losses for holders YoY, for Cardano holders the annual return is negative 78.8%. 

One of the factors impacting the XRP price decline is the lawsuit filed against payment giant Ripple by the US SEC. As 2022 draws to a close, experts are of the opinion that SEC v. Ripple lawsuit will end with a positive outcome for the payment giant. This outcome could trigger a bullish sentiment among XRP holders and push the altcoin’s price higher. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

MakerDAO whales sold over $9 million in tokens, MKR price takes a hit

MakerDAO whales sold over $9 million in tokens, MKR price takes a hit

MakerDAO whales sold over 3,000 MKR tokens in the past day. Maker supply on exchanges climbed between April 20 and Monday. MKR price declined by nearly 2% on Monday. 

More Maker News

XRP rallies past $0.50 as Ripple prepares for response to SEC requirement for $2 billion in penalty

XRP rallies past $0.50 as Ripple prepares for response to SEC requirement for $2 billion in penalty

Ripple prepares to file the opposition brief against the SEC on Monday. Ripple will respond to the SEC’s demand for $2 billion in fines requested in its remedies-related opening brief.

More Ripple News

Crypto AI token comeback likely after Apple's potential on-device LLM

Crypto AI token comeback likely after Apple's potential on-device LLM

Artificial Intelligence (AI) crypto tokens Render (RNDR), Bittensor Tao (TAO), The Graph (GRT), AIOZ Network (AIOZ), Golem (GLM), OriginTrail (TRAC) and RSS3 (RSS3) prices rally on Monday. 

More Cryptocurrencies News

Enjin Coin provides high-reward, low-risk buy-the-dip opportunity Premium

Enjin Coin provides high-reward, low-risk buy-the-dip opportunity

Enjin Coin (ENJ) price has been on a downtrend since the 2021 peak and shows signs of slowing down. The more than 50% crash noted in the past four weeks suggests a potential buy-the-dip opportunity. 

More Cryptocurrencies News

Bitcoin: BTC post-halving rally could be partially priced in Premium

Bitcoin: BTC post-halving rally could be partially priced in

Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days? 

Read full analysis

BTC

ETH

XRP