The reactions to a campaign by Ripple’s co-founder to change Bitcoin’s code have been predictable—and often ferocious.
as a Bitcoin Node Operator and member of the Bitcoin High Priesthood that Controls the Protocol, I have duly considered Ripple’s and Greenpeace’s request to eliminate PoW from Bitcoin, and I hereby… deny it. pic.twitter.com/6QYziI2QYW
— nic ‘it’s over’ carter (@nic__carter) March 29, 2022
Chris Larsen – who in a just society would be in jail for the bad faith investor misrepresentations he and his team made regarding their XRP sales – is spending money attacking the industry that created his ill gotten multi-billion dollar fortune. Judas.
— Ryan Selkis 📖 🖊🔑 (@twobitidiot) March 29, 2022
I am unable to find your Bitcoin Improvement Proposal submission, nor can I find any discussions initiated by you on the development mailing list.
Please follow the process if you wish to be taken seriously. https://t.co/pXJzYzq1Mj
— Jameson Lopp (@lopp) March 29, 2022
Ripple co-founder Chris Larsen is bankrolling a $5 million ad campaign calling on Bitcoin-friendly CEOs to switch the network to proof of stake.
Perhaps he prefers a world where CEOs can centrally control the future of a cryptocurrency network https://t.co/VsUKiyi0yu
— Neeraj K. Agrawal (@NeerajKA) March 29, 2022
— Jerry Brito (@jerrybrito) March 29, 2022
I’m very open-minded to PoS as an alternative consensus mechanism to PoW, not because it’s “better” but because it’s different; different costs/benefits and different attack surface.
But no, Bitcoin should not consider it, and there is zero interest among Bitcoiners for it.
— Erik Voorhees (@ErikVoorhees) March 29, 2022
I believe the value of these systems is 100% in the individual humans with self custody, and security is in the number of independent replicas. Neither of those require pow.
— Composability T◎ly, 🇺🇸 (@aeyakovenko) March 29, 2022
#Bitcoin FUD Alert 🚨🚨🚨
— MainStreet₿itcoin 👑 (@littleprinceJD) March 29, 2022
Lastly, I want to emphasize that these efforts are mine alone. While I’m still Chairman of Ripple, the company is not involved in this campaign. (On that note, apologies to the Ripple comms team!)
— Chris Larsen (@chrislarsensf) March 29, 2022