
Ah, the tragicomic tale of Ripple and Ethereum! Steven Zeiler, once a cog in Ripple’s grand machine, now a raconteur at yellow.com, regales us with a story so absurd it could only be true. In the glittering halls of the 2013 Money 2020 conference, Ripple’s visionaries, including the young Vitalik Buterin, dreamed of “programmable money” on the XRP Ledger. But, alas! Ripple’s management, in a fit of bureaucratic folly, froze the protocol, focusing instead on the dull drudgery of banking. Buterin, ever the visionary, fled this stifling environment to create Ethereum, leaving Ripple to ponder what might have been.