David Schwartz, the CTO of <a href="https://www.cryptoknowmics.com/crypto/ripple-all-set-for-wider-xrp-expansion-in-brazil/">Ripple</a> in his latest tweets has drawn parallels between his firm and Apple's iPhones. The debate was on whether controlling nodes is among the reasons that XRP has still maintained its third position despite not seeing any price uptick throughout 2020. In the conversation, it was argued that Ripple's control over XRP supply and node operations had been done so that the value of XRP only helps Ripple.

David Schwartz countered the argument saying people don't care about creating value for others as long as the product is helpful for them. He then brought in the iPhone argument saying he would not stop using iPhones just because it would benefit Apple shareholders.
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">The truth is though that nobody really cares that much who else they create value for. They care what features and advantages something can provide for them. I don't avoid an iPhone because I don't want Apple stockholders to make money. Why do I much care who makes money?</p>
— David Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1214008987030454272?ref_src=twsrc%5Etfw">January 6, 2020</a></blockquote>
He further argued that people who think that liquidity token holders have added benefits, they all can buy the tokens to enjoy the same benefits.
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Anyone who thinks any liquid token holds some unreasonable benefit for those who hold it can buy some of that token and have the very same benefit as any current token holder. It makes little sense to complain about potential future benefits being unfairly distributed.</p>
— David Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1214009318585991168?ref_src=twsrc%5Etfw">January 6, 2020</a></blockquote>
<h2>Why David Schwartz's Liquidity Token Holder Argument is Flawed?</h2>
Schwartz, in his response, claimed that if people think Ripple gains value because it holds XRP can buy the token themselves to enjoy the same. However, this argument is over-generalizing the issue at hand as holding and issuing billions worth of token are not the same thing. The iPhone comparison also does not sound convincing as iPhone and digital tokens have no similarity on any front, not even the shareholder logic as iPhone has established itself as one of the superior phones in the market.

Ripple has always been at the receiving end for the centralization in XRP token issuance. However, the company has made several attempts to disperse the argument and have also started to project itself as a technology solution for Banks in cross-border remittance, where they are projecting XRP as liquidity token.

David Schwartz Compares XRP to iPhone, Amid Node Centralization Woes

David Schwartz, the CTO of Ripple in his latest tweets has drawn parallels between his firm and Apple's iPhone to prove how XRP does not benifit Ripple

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

David Schwartz Compares XRP to iPhone, Amid Node Centralization Woes

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