TO bitcoin/” rel=”nofollow noopener” target=”_blank”>bitcoin maximalist appears to have drawn the ire of the XRP community following a post he made on the X platform (formerly Twitter). Max Keizer, a strong supporter of bitcoin, shared a patent that is more than three decades old to make claims that XRP is centralized.
Keizer says XRP is centralized
In the post that Max Keizer made on X, he attached an image of a patent application that he used to reinforce his idea that XRP is centralized. The patent is dated June 18, 1991, which means it was filed 32 years ago. However, Keizer believes that this patent filed by Ripple co-creator and CTO David Schwartz proves that the altcoin is centralized.
However, the patent that would have been filed when Schwartz was a young adult does not mention Ripple. Instead, the bitcoin maximalist seems convinced that XRP is centralized because Schwartz had filed a patent for a distributed computing system more than three decades ago.
In the post, Keizer refers to the altcoin as “CENTRALIZED shit, as can be clearly seen in the patent.”
XRP is CENTRALIZED as can be clearly seen in the patent. https://t.co/6OolWXh28L pic.twitter.com/TVfk1MWbg8
—Max Keizer (@maxkeiser) September 24, 2023
For clarity, the patent abstract published by Keizer says:
A multi-level distributed computing system for distributed processing preferably includes a plurality of personal computers. A task entered into the system is distributed into a plurality of portions. As many portions as possible are distributed for processing at the lowest level of the system. Those unprocessed portions at the lowest level are distributed for processing at the next lower level. The remaining portions of the raw task are distributed to available computers at successively higher levels of the system until all tasks have been distributed for processing.
Token price loses $0.5 support | Source: XRPUSD on Tradingview.com
The community gets on the defensive
Unsurprisingly, Keizer’s accusation has not been received lightly by members of the XRP community. They came out en masse to expose the errors of Keizer’s assumptions. Some directly followed his arguments, while others accused the bitcoin maximalist of hating XRP.
An user Point out that the patent that was filed years before the XRPLedger was invented was actually for a distribution of calculation tasks, rather than a decentralized ledger consensus.
Other user explained that XRP is not that different from bitcoin. According to him, the founders had reserved a large portion of the tokens for themselves and their colleagues, just as Satoshi and others involved in the project had mined millions of tokens for themselves.
Despite the backlash, Keizer appears not to back down and continues to attack angry members of the community. In a tweet, the bitcoin-news/bitcoin-crash-to-8000/” rel=”nofollow noopener” target=”_blank”>bitcoin Maximalists claim to have invented virtual currencies, which sparked even more criticism from the community.
Please read my patent before continuing:
Patent for “Specialized Virtual technology” by Max Keizer, 1996
I invented:
– virtual currencies
– virtual values
– virtual market creation
– prediction marketshttps://t.co/tI6WpUjf3h https://t.co/uPC3eHsPmw
—Max Keizer (@maxkeiser) September 24, 2023
Featured image from YouTube, chart from Tradingview.com
