David Schwartz, the ever-resilient Chief Technology Officer (CTO) of Ripple and one of the architects behind the legendary XRP Ledger (XRPL), has taken to the X social media network-because where else would you go to shut down ridiculous accusations?-to address some rather absurd claims about the network’s supposed centralization.
“Objectively Nonsensical”-and that’s putting it lightly
As reported by U.Today, one Justin Bons, founder of Cyber Capital, decided to grace the crypto world with a furious thread on X (formerly Twitter), calling on the crypto community to, and I quote, “reject all centralized ‘blockchains’.” In an absolutely delightful moment of irony, Bons specifically named Ripple, Stellar, Hedera, and Algorand as culprits.
Bons went so far as to argue that Ripple’s Unique Node List (UNL) somehow grants the Ripple Foundation “absolute power” and “control” over the chain. I mean, this level of conspiracy could only be topped by accusations of moon landings being faked.
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Schwartz, of course, wasted no time in throwing cold water on this ludicrous notion. In fact, he went so far as to call it “objectively nonsensical.” Really, David? Just “nonsensical”? You could have gone with “utterly ridiculous,” but I suppose brevity is the soul of wit.
“…effectively giving the Ripple Foundation & company absolute power & control over the chain…”
This is as objectively nonsensical as claiming someone with a majority of mining power can create a billion bitcoins.
– David ‘JoelKatz’ Schwartz (@JoelKatz) February 24, 2026
Schwartz brilliantly drew a parallel to Bitcoin mining to highlight the ridiculousness of Bons’ argument. He put it like this: “This is as objectively nonsensical as claiming someone with a majority of mining power can create a billion bitcoins.” A small, subtle, yet profoundly insightful burn. I mean, who doesn’t love a good analogy?
Not content to leave it at that, Schwartz also scotched any suggestions that Ripple could allow for double-spending or transaction censorship. Oh, you mean there’s no “evil mastermind” behind the curtain? Shocking.
“You count the number of validators that agree with your node, and your node will not agree to double-spend or censor unless you, for some reason, want it to,” he quipped. A truly fine demonstration of basic logic, Schwartz.
And in case anyone was still unsure about the integrity of the network, he emphasized that even if some validators tried to play dirty, the design of the XRPL network ensures that the honest participants would be protected. Hilarious-so it’s almost as if the network was actually designed to prevent such behavior? What a concept!
Schwartz did, however, concede that, in a purely theoretical world, a “conspiracy of validators” could halt the chain from the perspective of honest nodes. But let’s not kid ourselves: this is the XRPL equivalent of a dishonest majority attack-except they don’t get to double-spend. Because, you know, that would be too much fun.
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2026-02-25 08:54