As a seasoned crypto investor with a penchant for following the XRP Ledger (XRPL) closely, I must admit that I find myself both intrigued and dismayed by Ripple’s recent podcast debacle. My experience in this volatile market has taught me to value transparency above all else, and the alteration of a key statement made by Monica Long, seemingly aimed at downplaying the impressive work of XRPL developers, feels like a slap in the face.
Recently, there’s been a significant uproar within the XRP Ledger development group as Ripple faces criticism for manipulating a podcast episode. The modified portion was included in Ripple’s latest podcast series, “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD)”, where CTO David Schwartz and Ripple President Monica Long discussed the upcoming release of the stablecoin and related aspects of the XRP Ledger.
The controversy centers around a specific modification to a statement made by Monica Long. In the original podcast, Long noted the momentum of developer engagement on the XRP Ledger, stating, “We’ve put all of that effort in and ultimately it’s a bit chicken in the egg to get developer momentum on the XRP Ledger which we are seeing, there are already thousands of developers building projects, but to really see that flywheel pick up more momentum you need to have high quality assets in particular right now does need onramps and offramps that are reliable and efficient so that’s mostly been in the form of stablecoins.” However, in the altered version posted on YouTube, the phrase “there are already thousands of developers building projects” was conspicuously absent.
XRP Ledger Devs Furious About Ripple
Daniel Keller, CTO at Eminence and an XRPL Ambassador, was one of the initial voices expressing discontent. In a tweet targeted at Schwartz and Long, he articulated his puzzlement and dissatisfaction: “Hey David Schwartz and Monica Long! I don’t understand why you removed a podcast clip to replace it with an edited version later on? Aren’t we the ‘thousands of developers’ you often talk about? Ripple and @RippleX seem to have let down the community. Why continue acting like everything is fine?”
Keller’s dissatisfaction mirrors a common sentiment among developers, who feel more and more overlooked and undervalued by Ripple’s business decisions. Keller expressed his thoughts by saying, “Why continue to feign contentment? Neither your ‘stable’ nor the half-hearted effort to promote ‘DeFi on XRPL’ will succeed… It’s high time we were truthful. The community has been instrumental in helping you overcome difficult times.”
Keller’s remark emphasizes a widening divide between Ripple and the XRP developer community, as he implied that resolving the ecosystem issues could be easily done by them, yet they seem uninterested. He further suggested that while they have the power to rectify the ledger, their decision has been not to act for some reason or another.
Within the XRPL community, his remarks have struck a chord, leading many to express disappointment over Ripple’s perceived dedication towards openness and interaction with the community. Stephen Chip, a co-founder of onthechain.io, has voiced concerns about Ripple’s apparent lack of emphasis on fostering its developer community.
“Chip noted that a lot of us are uninformed about getting grant funding. In fact, we seem to know more people who have been denied grants than those who’ve actually received them. He acknowledged the creation of the Japan-Korea fund, but emphasized the importance of providing the promised grant support.”
In a different perspective, community member and dUNL validator Vet (@Vet_X0) supported Ripple by stating that the podcast edit could be due to insider knowledge at Ripple, possibly correcting an overstatement. His view is that individuals within Ripple who have a deep understanding of the ecosystem made the correction, and this seems to him the most plausible reason for editing it. He suggested that if not for this internal discussion, the edit would not have been made until the issue was brought up publicly.
At press time, XRP traded at $0.4558
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2024-08-05 10:11