- David Schwartz defends the 2017 XRP price statement.
- He says that the post was about liquidity, not prediction.
- The misinterpretation of the tweet sparked fresh community backlash.
Ripple CTO David Schwartz has once again found himself at the centre of a heated discussion on the X platform. This time, the debate is over a resurfaced 2017 statement about the XRP price.
An old post, which claimed that XRP could not remain “dirt cheap” if it were to support large-scale global transactions, recently got fresh criticism on the social media platform. Some users accused the Ripple CTO of misleading the community. They questioned whether he would delete his earlier remarks.
Responding to the backlash, Schwartz stood by his original explanation. He clarified that his comments were never meant to predict the future XRP price -1.33%. Instead, he emphasized that the statement was a simple economic perspective on liquidity and transaction value. While acknowledging that the post has been misinterpreted, Schwartz maintained that removing it would only add to the confusion rather than resolve it.
David Schwartz Responds to XRP Price Controversy
In his latest X post, Ripple CTO David Schwartz has responded to renewed criticism over a social media post he made back in 2017. The discussion resurfaced on X after a user accused him of misleading XRP holders and questioned whether he would delete his old comments.
In response, Schwartz defended his earlier statements. He explained that those posts were never meant to mislead or “fool” anyone. He pointed out that he often engages with the community to clarify doubts and share his views.
The Ripple CTO also made it clear that the old post is being taken out of context. Despite the backlash, he asserted that he has no intention of erasing it. He added that such a move could bring even more confusion among users.
XRP “Can’t Be Dirt Cheap,” Says David Schwartz
The current discussion on the X platform is based on a post shared back in November 2017. David Schwartz shared a simple idea about XRP that is now being widely debated again. Schwartz explained that if XRP were to handle large-scale global transactions, it couldn’t stay extremely cheap.
Using an example, he stated that whether XRP is priced at $1 or $1 million, the total value needed for a transaction remains the same. He stated that it is just the number of tokens that changes. In short, his point was about how value and ultimately work together, not about predicting a specific price.
Even after several years, Schwartz still stands by this explanation. However, he admitted that he has thought about deleting those old posts. This is because many people have taken them the wrong way.
According to him, the post was never meant to suggest that the XRP price would rise to a certain level. Instead, it was simply an explanation of liquidity and market dynamics. He believes reminding the posts would add to the current confusion.
Schwartz also added that his words were not a promise of future XRP price. But rather, it was a basic economic perspective that continues to be misunderstood. This ongoing debate highlights how easily technical explanations in crypto can be misread as price predictions.
