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Search results for David Schwartz

Crypto

Flare CEO says XRPL lending market is underestimated

Flare CEO Hugo Philion (휴고 필리온) said the potential of the XRP Ledger (XRPL) lending market is larger than market expectations and that Flare will prove it through its infrastructure. He said Ripple CTO David Schwartz is underestimating XRPL lending scalability. Philion said XLS-66, an XRPL native lending protocol, is stalled at the validator voting stage, while Flare has built a structure to bypass it. He cited RLUSD loans approved against wrapped XRP collateral, while noting high market concentration.

AI & Enterprise

Gensler\'s 2020 AI warning returns to spotlight as Ripple\'s Schwartz says much of it makes sense

A 2020 paper by former U.S. Securities and Exchange Commission chair Gary Gensler warning that the spread of deep learning in finance could create new risks is drawing renewed attention as AI agents begin to take part in financial decision-making. David Schwartz, former chief technology officer at Ripple, agreed that much of the paper “makes sense,” including concerns about automated decisions moving markets in the same direction. He rejected the idea that smarter AI would necessarily behave irrationally.

Crypto

Ripple\'s Schwartz dismisses XRP \'secret signal\' claims, says do not treat jokes as investment signals

David Schwartz, a key architect of Ripple\'s XRP Ledger, pushed back against efforts to interpret his social media post as a coded signal about XRP. He said a bagpipes GIF that spread on X was personal humour, not an investment cue. Some users linked it to an old community symbol tied to Bearableguy123. Schwartz has also rejected conspiracy theories and extreme price forecasts, warning against using unfounded narratives for investment decisions.