Ripple CTO reveals the bitter truth about modern encryption movement, but here hunting

David SchwartzThe Ripple (CTO) and the founder of XRP LEDGER has published a post to share what he has on how to change the encryption movement compared to previous years of its existence.

While answering the comments under his post, Schwartz mentioned a previous period of his life – about 20 years ago – when he worked at the US National Security Agency. This organization carries completely opposite values ​​for the first encryption fans.

CTO is criticizing the encryption movement

David Schwartz tweet that, in his opinion, the encryption movement “now looks less freedom” than it was before. This fact makes him a little sad, and Ripple CTO admitted.

No details about the reason for seeing the encryption movement in this way. It is possible that he refers to a recently issued publication issued by the CEO of Ripple Brad Garlinghouse, who talked about Crypto Maximalism, and criticized it strongly. Garlinghaus said It not only carries XRP, but also Bitcoin and Ethereum, which indicates that if a strategic coding reserve in the United States is created, it should include not only Bitcoin but also other encrypted currencies, with XRP between them.

The Ripple coach stressed that the encryption industry “has a real snapshot, here and now, to achieve many goals” shared by various encryption communities. However, if societies of different coins continue to demolish each other, it will be a “zero game”.

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Schwartz agrees to adopt institutional encryption

David Schwartz admitted: “Maybe the liberation was not very long, but it was definitely very liberal.”

When a commentator suggested that it may be the fact that the Wall Street financial institutions after encoding now, Schwartz said that there is no “hostility to the desire to want companies and institutions to adopt encryption.” He added, “If the matter is instead of government backed by government, this is completely compatible with the liberation values.”

When he responded to the comments, Schwartz revealed a strange fact – a long time before the creation of XRPL and a long time before the creation of Satoshi Nakamoto, Bitcoin, Schwartz worked at the National Security Agency The organization that was the encryption movement (being liberal) opposed ideological. It was in early 2001. He stated that he had worked there before “drunk”.