Former Ripple CTO Talks About Meme Coins as Investment
BeInCrypto
Ripple CTO David Schwartz criticized treating meme coins as serious investments, clarifying that technical actions on the XRP Ledger do not constitute endorsements.Summary
David Schwartz, the Chief Technology Officer Emeritus of Ripple, recently expressed his distaste for viewing meme coins as legitimate investments. The discussion arose after community members mistakenly interpreted his technical act of opening a trust line for the "FUZZY" token as a formal endorsement. Schwartz clarified that such network actions are routine and neutral, emphasizing that he avoids public endorsements to mitigate the risk of unintentionally supporting bad actors. Furthermore, he noted that while meme coins may have a place in internet culture, they lack intrinsic value, and he warned against including them in serious financial portfolios.
(Source：BeInCrypto)