Ripple CTO Breaks Down XRP Distribution And Who Controlled 99% Of Supply At Genesis

Ripple CTO Breaks Down XRP Distribution And Who Controlled 99% Of Supply At Genesis
The initial distribution of cryptocurrencies such as XRP has always been a hot topic for investors in the crypto community. A lot of times, the discussions stem from the fact that investors believe there was some foul play at Genesis, where some people received an unfair share of the token supply. The latest coin to come under scrutiny is the XRP token, with community members asking questions about some events that took place at Genesis. As a result, Ripple CTO David Schwartz has taken it upon himself to clarify these issues. What Happened To The Genesis Block? David Schwartz first drew criticism from the Bitcoin community with a tweet earlier this week where he mocked the opinion of a Bitcoin maxi he supposedly had a conversation with. This conversation, where the Bitcoin maxi had seemingly called XRP worthless, and Schwartz mocked the opinion as worthless, would quickly devolve into a debate for XRP’s legitimacy in no time. Related Reading: Injective On A Roll: Crypto Analyst Predicts Massive Breakout Against Bitcoin Responding to Scwartz’s post ..

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