David Schwartz is deciphering maximalism in the crypto space, whether it’s Bitcoin, Ethereum, or his company’s favorite asset XRP.
Ripple’s chief technology officer told David Gokhshtein that such attitudes could “close the door” in future and even existing projects that may have better technology.
Schwartz, one of the original architects of the XRP Ledger, believes Ripple and XRP’s technology is still in its infancy and could evolve.
“I am not a maximalist. I think the technology is still very, very immature, and one of the things that worries me, especially about maximalists, is that they are trying to slam the door behind Bitcoin or pass Ethereum and slam the door. I wouldn’t even want us to get past XRP and slam the door behind us because the next project could be better.
I will not say that we did everything right. I think we did a lot of things right, I think we made things better, we didn’t make things worse, but… maybe there are other projects that do things better than we do, I don’t have the patience to look at. I’m a tech maximalist. I want the best technologies to win, and even when it benefits Ripple or XRP or the projects I’m investing in… I don’t want to slam the door. I want to resist this instinct. ”
The laws are unclear
Schwartz also briefly commented on the recent lawsuit filed by the US Securities and Exchange Commission against Ripple. The SEC claims that XRP was an unregistered security at the time of its release and remains a security to this day.
Ripple CTO says:
“The laws are not bad, they are uncertain. And as I said earlier, the United States seems to be one of the few countries where regulators will tell you, “You should have realized what you were doing was illegal.” To ask is to try to find out what the parameters are. “