In the grand theater of cryptocurrency, where the players are as colorful as the coins they champion, one Samson Mow, a self-proclaimed Bitcoin maximalist and the illustrious chief executive of JAN3, has taken to the stage. With a flourish, he has addressed the burning question of whether the future stockpile of cryptocurrency held by the US government should include anything beyond the hallowed Bitcoin. Spoiler alert: he believes it should not.
With a sharp tongue and a wit as dry as the steppes of Russia, Mow has set his sights on Ripple and its infamous XRP, a cryptocurrency that seems to provoke more ire than a poorly brewed cup of tea. He has not merely commented; he has added fuel to the already roaring fire of criticism that surrounds Ripple and its digital offspring.
‘There are still way more reasons’ to hate XRP: Mow
Ah, the illustrious Mow, often seen in the company of Bitcoin, casting disparaging glances at the likes of Ethereum and XRP, which he affectionately dubs “s-coins.” In a recent tweet, he proclaimed that he has encountered a plethora of posts detailing reasons to despise Ripple/XRP, and he felt compelled to contribute his own perspective. Naturally, this perspective was not one of kindness but rather a clarion call to amplify the reasons for disdain.
I see a lot of posts hating on or listing out reasons why you should hate Ripple/XRP, and I just want to add some perspective.
You still don’t hate them enough and there are still way more reasons why you should hate them.
— Samson Mow (@Excellion) January 24, 2025
In his characteristic style, Mow declared, “You still don’t hate them enough and there are still way more reasons why you should hate them.” One can almost hear the chuckle of a man who relishes the role of the provocateur.
Mow’s key argument against XRP in potential US reserve
As the debate rages on the X platform regarding the inclusion of cryptocurrencies other than Bitcoin in the potential US strategic crypto reserve, Mow has weighed in with his thoughts. He argues that adding anything but Bitcoin would be akin to gifting taxpayer money to those who have conjured their tokens from the ether, much like a magician pulling a rabbit from a hat. He cleverly invokes the rhetoric of Elon Musk’s D.O.G.E., as if to say, “Why should we fund these digital conjurers?”
In his critique, Mow pointed to Ripple as a prime example of such sorcery, noting that its founders merely “pushed a button to make 100B tokens.” One can almost picture the scene: a group of tech-savvy wizards, giggling as they create their digital currency with the ease of a child playing with building blocks.
Adding anything other than #Bitcoin to a digital asset reserve is effectively gifting taxpayer money to corporations and individuals that printed their own token out of thin air.
XRP/Ripple just pushed a button to make 100B tokens. Why would you gift them tax dollars for that?
— Samson Mow (@Excellion) January 24, 2025
Meanwhile, on a different stage, the Cardano founder, Charles Hoskinson, has echoed Mow’s sentiments, asserting that only Bitcoin should grace the US strategic crypto reserve. However, unlike Mow, he has refrained from casting aspersions on Ripple or XRP, perhaps out of a newfound camaraderie as he collaborates with the Ripple team to launch their RLUSD stablecoin on Cardano. Ah, the tangled web of alliances in the world of cryptocurrency!
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2025-01-25 12:12