So, it all kicked off with a post. Just your average, run-of-the-mill social media jab from the âBuild on Stellarâ account. But this one? Oh boy, it hit like a ton of bricks! đŻ It was like they were throwing shade at Ripple, and let me tell you, the XRP community was not having it. They were like, âOh no, you didnât!â
Enter John Deaton, the legal eagle for XRP holders in the class-action circus against the SEC. Heâs out here saying, âHey, Jed McCaleb, whatâs the deal? Youâre taking potshots at the company you helped create while theyâre in a legal dogfight? Thatâs a little rich, donât you think?â I mean, come on! Itâs like throwing a party while your house is on fire! đ„
Deaton laid it out: Rippleâs been bleeding cashâ$150 million in legal fees and $1.3 billion in XRP salesâwhile McCaleb is out there raking in the dough. The guy made $2 billion from XRP sales after the lawsuit dropped! Meanwhile, Rippleâs current crew is busy playing legal whack-a-mole. Exhausting, right? đ©
Imagine a founder publicly taking shots at the company he co-founded, after the company was targeted by the @SECGov, likely with his help, for spending $150 million in legal fees because the SEC said it was illegal for that company to have sold $1.3 billion in XRP sales. NowâŠ
â John E Deaton (@JohnEDeaton1) February 8, 2025
And then thereâs David Schwartz, Rippleâs CTO, who chimed in with, âIf you go after the king, you might as well not miss.â Wow, talk about a mic drop! đ€ The XRP community ate that up like it was the last slice of pizza at a party. Stellarâs comment? Yeah, they crossed a line.
Intentions, Anyone?
Now, letâs not kid ourselves. The beef between Stellar and Ripple isnât exactly new. Itâs like a soap opera that just wonât end. But this latest spat? Feels a little more⊠personal, doesnât it?
And what about intent? Was that post just a casual throwaway? Or was it a calculated move? đ€
If you strike at the king, youâd better not miss.
â David âJoelKatzâ Schwartz (@JoelKatz) February 9, 2025
Some folks in the XRP camp are saying McCalebâs past and present are more intertwined than a bad family reunion. Theyâre looking at the timing, the tone, and the history between these two projects. Itâs not just blockchain rivalry; itâs personal! Or at least, thatâs how it feels to them. Buckle up, folks! This drama is just getting started! đż
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2025-02-09 14:52