Ripple CTO Regrets Not Releasing More XRP When Prices Were Low

Ripple CTO Regrets Not Releasing More XRP When Prices Were Low
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• David Schwartz, chief technology officer of Ripple and one of the architects of the XRP Ledger, expressed regret that Ripple did not distribute more XRP when prices were low.
• He believes that the influx of tokens that have hit the market since XRP’s price rose to $0.4 has made things significantly more difficult.
• He pointed out that Americans who receive tokens from airdrops would have to pay regular income tax on them, and suggested that all tokens should be released into the market at the lowest possible price.

David Schwartz, the Chief Technology Officer of Ripple and one of the architects of the XRP Ledger, recently gave his unique insight on the XRP supply and token distribution. His comments were sparked by a discussion about cryptocurrency inflation and a recent airdrop of the FLR token from Flare Network.

Schwartz expressed regret that Ripple did not distribute more XRP when the price was lower, noting that the influx of tokens that have entered the market since XRP’s price rose to $0.4 has made things significantly more challenging. He pointed out that Americans who receive tokens from airdrops would have to pay regular income tax on them, and suggested that all tokens should be released into the market at the lowest possible price.

Schwartz noted that the XRP in the escrow belongs to Ripple, a for-profit corporation. He said that there is no community ownership or vote, whereas Flare tokens from an airdrop are supposed to be owned by the community to vote on and benefit the ecosystem.

Schwartz’s comments about XRP supply and token distribution highlight the importance of releasing tokens into the market at the most opportune times. Early token distributions should happen when prices are low, and it’s essential to consider the tax implications of airdrops and how they will affect the token’s value in the long run.

Overall, Schwartz’s views on the XRP supply and token distribution offer valuable insight into the dynamics of cryptocurrency inflation, and how to best manage the release of tokens into the market. His words serve as an important reminder of the importance of timing and the need to consider the tax implications of token distributions.