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Rumors swirl around Ripple CTO, David Schwartz, as he addresses loyalty and his role amid allegations of wealth and alike.
David Schwartz, the Chief Technology Officer (CTO) of Ripple, has been addressing some misconceptions and speculations about himself. Recently, he was questioned about his billionaire status and wealth over NBA game seats. Due to this, the crypto community is now wondering about Schwartz’s relevance and loyalty for Ripple.
The Loyalty Questions About David
People are questioning who David Schwartz is loyal to. After clearing up the misconception about his wealth, Schwartz received more speculative comments and criticism over his position at Ripple Labs and his loyalty.
A user claimed that they are solely an employee of Ripple Labs and their loyalty lies with Ripple rather than the XRPL or XRP. Schwartz responded to this post and explained to whom he is loyal and why.
Schwartz explained that Ripple’s co-founder Chris Larsen had asked him to join the board, considering him loyal. At the time, Schwartz interpreted Larsen’s statement to mean that he was loyal to the former CEO. Schwartz replied that he “would be loyal to him so long as I felt he was the right guy to run Ripple” and pledged to be loyal to his employer.
Loyalty Must Be Earned
Schwartz believes that loyalty must be earned and that he is loyal to those who he thinks deserve it. This belief extends to his personal life, where he prefers not to have people’s loyalty if they don’t believe he deserves it. He believes that even his harshest critics would admit to this.
While Ripple’s CTO believes that the project still deserves his loyalty, he assures that he would stop working for them if it didn’t. He might not publicly condemn them out of self-interest. However, some criticized his reply for not mentioning XRP Ledger, which they deemed to prove the original post’s point.
The Comment Sections Boomed
The individual who first inquired about him also stated that Schwartz holds a similar relationship to Ripple as Steve Wozniak did with Apple and Steve Jobs. This comment sparked a discussion in the replies, with other community members disagreeing.
One user stated that Ripple’s CTO is “a lot more than that” and highlighted his contributions to developing blockchain technology and XRP Ledger. Another said that it was an utter misunderstanding of a great man’s life’s work.
Schwartz also addressed the speculation of why he needs Ripple if he is the grand architect of blockchain. He affirmed that he’ll stop working at the company when it’s no longer fun. He also mentioned that being the boss requires dealing with a project’s corporate and administrative duties, which might not suit everyone.
Conclusion
David Schwartz, CTO of Ripple, faced questions over his billionaire status and wealth related to NBA game seats. The crypto community is now questioning his relevance at Ripple and where his loyalty lies. This has sparked a discussion among community members about his position at the company.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
