It seems like Ripple Executives Chris Larson and Brad Garlinghouse have become certain of the pending doom. In their anxious state, they are willing to take down the entire ship with them. A few days ago, Garlinghouse came under fire from the crypto community for his abrasive remarks about the leading cryptocurrency. Now his counterpart took the torch and lighted his Blog post on fire.
Larson has chosen to take a stance against Bitcoin by declaring Earth Day innovations in a bold move. He is opined that Bitcoin key miners, exchanges, and core developers should join forces to switch the blockchain to proof of stake consensus. He has also broadcasted warnings to institutional investors to get pressure from the government due to the massive carbon footprint of the blockchain.
Larson Spews Conspiracy Theories for Bitcoin
The blog post by Larson keeps getting more and more interesting. He also claimed that China could at any time take hold of the Bitcoin blockchain and put an end to it completely. It seems that Bitcoin investors are facing retaliation from the US and the Chinese government at the same time. He has proposed that Bitcoin could either move to the proof of stake consensus like Ethereum is planning to do or it could take shelter under XRP ledger federated consensus.
Larson also believes that it would not be possible for Bitcoin to stay on the top if it does not consider a quick change of routes. Meanwhile, avid Bitcoiners like Cathie Wood from Ark Investment and Jack Dorsey from Square Inc. have recently published a white paper to advocate that Bitcoin is introducing a new trend of renewable energy.
Ripple Labs Still At Odds with SEC
While Ripple Labs executives are busy writing critiques about other digital assets, SEC is engaged in pouring out the guts of the XRP token. Still insistent that XRP is a security and not a digital asset, the SEC is plating a defensive move before taking the offense. For now, SEC prosecutors are working on a motion to refrain Ripple from getting internet communication access from SEC workers.
This move comes after Ripple succeeded in getting the court to rule in favor of the motion that sanctioned SEC to disclose their internal discussion about Bitcoin and Ethereum. Ripple Labs executives’ unsubstantiated and vitriolic commentary towards the flagship crypto is not taken nicely by the crypto enthusiasts.