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Crypto
XRP origin dispute: Ripple former CTO says real start was 2012
David Schwartz, former chief technology officer of Ripple, drew a line under a long-running dispute over XRP’s origins, rejecting claims that XRP was created before bitcoin or that Canadian programmer Ryan Fugger was its founder. Schwartz said XRP’s history began in 2012, after Chris Larsen and Jed McCaleb acquired RipplePay and the OpenCoin team rebuilt the technology. Others also dismissed attempts to link a 1988 U.S. patent filed by Schwartz to XRP.
Crypto
Ripple\'s Schwartz hits back at \'honorary title\' mockery, says he built the XRP Ledger
David Schwartz, Ripple\'s CTO emeritus, responded in a poem-like post on X after a user mocked his title, laying out his work on the XRP Ledger and his expertise in cryptography, network design and crypto market structures. He wrote he can discuss decentralised exchanges and automated market makers at length and values real-world utility over technical fads. The article also recounts XRP Ledger\'s origins and Schwartz\'s roles at OpenCoin and Ripple.
Crypto
Ripple sold 58.5 billion XRP over 13 years, price up 31,000 percent
Ripple and company insiders are estimated to have sold or released about 58.5 billion XRP since the XRP Ledger’s 2012 launch, even as XRP’s price rose more than 30,000 percent, the report said. XRPL has a fixed supply of 100 billion XRP, created at launch, with no mining or staking issuance. Ripple holds 3.5 billion XRP available and 34.185 billion in escrow. Critics cite centralisation concerns, while the industry expects sales and escrow releases to affect short-term moves.