Matt Hamilton, a former director of developer relations at Ripple, has engaged in a debate with popular YouTuber Mark Moss regarding XRP and Bitcoin (BTC). Moss initially questioned the optimistic outlook of the XRP community, which he believes is tied to the idea that the cryptocurrency could become popular because it “facilitates faster money transfers for banks.” Moss expressed his disappointment that people would choose XRP over Bitcoin, which he considers to be a symbol of financial freedom.
However, Hamilton believes that Moss has an incomplete understanding of XRP, which he confronts him about directly. Hamilton explains that XRP is necessary for precise value transfers without the involvement of banks, which is the fundamental purpose of cryptocurrencies.
Meanwhile, Moss considers the idea that large financial institutions require XRP to be ridiculous. According to the blogger, there is no reason for entities like the IMF or the Fed to use XRP when they can create their own alternative, such as FedNow.
Some of Moss’s followers have expressed their frustration with his views, accusing him of promoting disunity in the crypto community during a time when the industry is under increased regulatory pressure. In contrast, Moss argues that the crypto community should unite around technologies that support private ownership and empower individuals, such as Bitcoin. Moss concludes that BTC is a personal bank, while XRP is designed for banks.