Author Blasts Ripple As ‘Completely Retarded’ – Here’s Why

Quick Summary:

Eric Yakes—a Chartered Financial Analyst (CFA) and the author of The 7th Property: Bitcoin and the Monetary Revolution—published a blunt critique of Ripple and its associated XRP token on February 10.

He also stated, “The only use case is to trick retail investors into pumping the token price,” which he believes is orchestrated through marketing partnerships with banks, combined with political lobbying.

Hamilton also pushed back on Yakes’s point about XRP’s volatility, suggesting that because transactions on the XRP Ledger settle so quickly, the volatility factor is much less significant than Yakes implies.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryEstoniaFrance

Topics: XRP price XRP Ripple Ripple news Bitcoin XRP news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 14:30:44 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 900 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26086850

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