David Schwartz, the chief technical officer of Ripple, has lashed out at Vitalik Buterin’s dig on XRP.
The discussion started around the recent $30,000 limit imposed by the Ontario crypto exchange on altcoins purchases barring Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
Buterin had lauded the Ethereum community’s pushback against regulations that privilege ETH over other legitimate cryptocurrencies.
Then, David Hoffman, the founder of decentralized media and education platform Bankless.eth responded to Buterin and said that he wouldn’t have minded if they had restricted XRP.
Buterin then joined on the XRP bashing claiming they lost their right to protection when they tried to “throw us under the bus as China-controlled.”
The response from Buterin created a storm among XRP followers on Twitter, and the debate was later joined by Ripple CTO David Schwartz himself.
Buterin was referring to Ripple’s defense in their ongoing court battle against the United States Securities and Exchange Commission (SEC).
Ripple’s defense team claimed XRP shouldn’t be deemed as security since Ethereum and Bitcoin are similar in nature and even called the top two cryptocurrencies as Chinese controlled.
Ripple is fighting a security lawsuit from the SEC over the unlicensed sale and issuance of XRP tokens.
Schwartz reiterated Ripple’s earlier claims of ETH and BTC being security and compared miners in the ecosystem akin to shareholders of eBay.
Schwartz concluded his tweet with a question to Buterin, asking him whether the security debate should be settled by the government or the market.