XRPL Validator Rebuts Caitlin Long’s Claims Vet s

XRPL Validator Rebuts Caitlin Long’s Claims

Vet said Long’s comments misrepresent both the history and technical structure of the network. In a detailed post, Vet said Ripple never conducted an ICO.

He clarified that XRP price was initially zero and that the full supply of 100 billion tokens was placed in the Genesis ledger account when the network launched. This directly refutes Long’s claim that Ripple raised large amounts of capital through an initial coin offering.

Vet also challenged the repeated claim that the XRP Ledger is centralized. He called such arguments either ignorant or the result of poor education.

He emphasized that anyone can join the network, run a validator, or even fork the codebase. Vet added that the XRP Ledger currently supports over 1,000 nodes and more than 100 validators operated by individuals and businesses.

He further said that these validators are not controlled by Ripple. The XRPL validator addressed Long’s comment that Ripple relies on Ethereum for stablecoin issuance.

Vet confirmed that RLUSD (the company’s U.S. dollar-pegged stablecoin) is also being issued on the XRP Ledger. He said Ripple Payments continues to operate natively on XRPL infrastructure, not just Ethereum.

Vet further pointed out that Ethereum conducted a public ICO, unlike Ripple. He said Bitcoin was used in that sale to distribute ETH to early backers. According to him, this makes Ripple’s launch process distinct and arguably more transparent.

Also, Vet noted that development on the XRP Ledger has never slowed. He highlighted ongoing progress including the adoption of new features through amendments.

According to him, there’s also an active developer base, and strong liquidity supported by a native decentralized exchange.  added that XRPL was the first network to introduce both a DEX and tokenization layer.