Amid the latest developments in SushiSwap’s founder, Chef Nomi, has cashed out all his SUSHI holdings in a rapid turnaround; It seems that Blockstream CEO Adam Back decided to borrow that excuse to criticize XRP.
Blockstream CEO Adam Back attacks XRP and LTC in the light of the SushiSwap disaster
Uniswap’s upstart competitor SushiSwap drew accusations of being an exit scam after Chef Nomi, its mysterious founder, cashed out all his SUSHI holdings in a rapid turnaround.
Adam Back went on to liken SUSHI to XRP, claiming that the latter is a premined “affinity scam” that pumps and dumps on retail. Ripple Labs and its co-founders account for the majority of the 100 billion XRP supply.
XRP ripple: swift network but blockchain, 100% premine, affinity scam pump, dump on retail & repeat.
— Adam Back (@adam3us) September 5, 2020
Stellar’s CTO alone, Jed McCaleb, has been allocated 9.5 billion XRP, and he continues to sell on the open market. Meanwhile, former Ripple CEO Chris Larsen is richer than Google founder Larry Ellison at the top of the crypto bubble in early 2018 with a net worth of 5.19 billion XRP.
Another uncomfortable fact about XRP is that there it is impossible to trace back the genesis block that marked the creation of its 12-figure supply due to a server bug that erased the earliest days of the ledger’s history. This has recently been described as “the biggest failure ever” by the loyal Bitcoin maximalist.
Talking about Litecoin, Back repeated a rather sad story that Charlie Lee, founder of Litecoin, cashed out all of his holdings at the top in December 2017 to avoid conflict of interest.
He stated:
“This is a weird feeling, but also somehow refreshing. Don’t worry. I’m not quitting Litecoin. I will still spend all my time working on Litecoin. When Litecoin succeeds, I will always be rewarded in lots of different ways. , just not directly via ownership of coins. ”
However, Lee prevented Back’s attack by joking about Back being Satoshi Nakamoto:
“Bitcoin: digital gold, mine 1m, disappear, create Blockstream.”
Read more:
- Almost 138 Mln XRP Has Been Wired By Ripple While Binance Transferred Around 19 Mln XRP To Ripple’s RL18-VN Wallet
- The Support Between $0.22 And $0.24 Is Quite Significant And May Allow XRP Price To Rally Higher In The Days And Weeks Ahead