U.Today - David Schwartz, Ripple's chief technology officer, to address some criticism from the community. The executive recently took to X (formerly Twitter) to respond to accusations that the company has not done enough to dispel misleading information surrounding Ripple and XRP.
Schwartz's take on misinformation
Schwartz engaged in a candid exchange with a user who criticized Ripple for "letting people suffer" while disseminating misleading price projections and maintaining a luxurious lifestyle. "It's a lot harder than you think," Schwartz wrote, clarifying the challenges of dealing with false information."We don't know everything, and even a small chance we 'debunk' something true is worrisome." Schwartz added that taking a stance on every piece of false information could create legal risks for the company and paint it as an enforcer of what might or might not be fake news.
Recently, a social media featuring Ripple founder Chris Larsen flaunting his$2 million Porsche (ETR:P911_p) attracted some criticism online. Schwartz hasn't directly addressed it.