On December 24, a heated war of words began between Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright. The initially innocuous discussion about the institutional acceptance of Bitcoin turned into a heated debate about the legitimacy of XRP with savage insults.
The cause of the altercation was a tweet by Wright in which he claimed that “Bitcoin can never be accepted by institutional investors until the system can be restored by a court order.”
In response, Schwartz called the tweet dumb: “Why are institutional investors the target market for peer-to-peer digital money? And what jurisdictions should respect their court orders?”
Wright then berated the Ripple CTO as ignorant when it comes to finance, legal issues, institutional investment banking, and Bitcoin in general. In addition, he further argued that it was impossible to have a logical debate with anyone involved with XRP and accused Schwartz of running a “useless pump-and-dump scheme.”
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