It is all about Ripple’s carbon neutrality goal in the community discussions. They are looking at the need for systemic shifts to ensure a sustainable future for crypto innovation.
UBRI Connect Virtual, the multi-day conference is progressing and Brad Garlinghouse will be interviewing Michael Arrington, the founder of Tech Crunch.
Brad Garlinghouse recently tweeted: “To make matters worse, some US regulators have already made decisions that actively favor Chinese technologies OVER US companies. Legislation like the DCEA can bring US companies to equal footing.”
The phrase “Chinese technologies OVER US companies” created a buzz of opinions from the community.
This kind of comment was considered a comment which will turn mainstream away from crypto by many.
Several members from the community felt that the “Chinese technology” comment was rude, and felt that the “China tech” narrative does not help. Further stated that it is not going to be easy for Ripple to the push view about BTC and ETH being “Chinese tech”. But I may be wrong though. Would like 2 hear from others.
The community feels that BTC/ETH is something that anyone can participate in and potentially profit from mining or POS vs. a private company which is staked by corporates who sell gifted XRP to retail and burn escrow – This opinion was very sarcastic.
Also someone pointed to the “Chinese tech” and stated that the largest BTC mining facility is headed by SBI in the USA. And they stated that how Brad can’t separate decentralized blockchain from a private company selling gifted XRP. They also stated that they green light for the floodgates open.
Sydney Ifergan, the crypto expert tweeted: “Ripple (XRP) Brad Garlinghouse seems to have gotten fried by his followers for using the word Chinese Tech. A Heart Attack Word for Several Developers working open source.”
Ripple (XRP) Regulatory Clarity
Regarding Ripple’s dissatisfaction about regulatory clarity, majority of them feel that the SEC are in to lot of market manipulation.
About the lack of regulatory clarity in the US users are worried and they have expressed that all “opportunity” to invest early in crypto / DeFi are closed to U.S. Investors. Further stating, U.S. citizens have limited to no opportunity to participate in what will be a big part of the future of technology, finance, banking, currency, etc. They feel the regulatory issue is hugely disappointing.
Some of them are wondering if something is wrong with Americans. They feel that several politicians, now also regulators, are in cohort with China.