XRP Exposed: A Centralized Farce!

Oh, what a delightful spectacle! Behold, the illustrious Justin Bons, a crypto researcher of such fiery passion that he could rival the greatest of Molière’s misanthropes, has triumphantly condemned the XRP Ledger and its ilk. “Centralized blockchains!” he cries, as if it were the most grievous offense since a nobleman forgot his powdered wig. “They betray the very soul of crypto! How dare they!”

“We must reject all centralized ‘blockchains!’” Bons proclaims, his voice echoing through the halls of digital finance like a jester warning of a king’s folly. “Permission? Centralization? These are not the future of finance, but the past-rehearsed, regurgitated, and utterly uncool!”

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The “permissioned” list

Behold the rogues gallery of centralization: XRPL, Stellar, Hedera, Canton, and Algorand-each a master of the “Proof of Authority,” a masquerade of decentralization so flimsy it would shame a courtier’s silk stocking.

But XRP, dear reader, is the true star of this farce. Its “Unique Node List” (UNL), a curated coterie of validators, is the stuff of bureaucratic dreams and crypto purists’ nightmares. “Ripple,” Bons sneers, “has a UNL, making validators as permissioned as a royal decree. How… quaint.”

“Fooling” the SEC and retail

The thread, of course, ignited a tempest of backlash. One XRP enthusiast, likely sipping chamomile tea to calm their nerves, accused Bons of “twisting reality into a pretzel.” To which Bons retorted, “Ah, but you see, Ripple’s marketing is a masterful masquerade! They’ve duped the SEC and saved their own hides, while the masses, poor souls, believe XRP rivals BTC and ETH. A tragedy, really!”

“Only on permissionless chains,” he concludes with the gravitas of a philosopher-king, “can one find neutrality, privacy, and immutability. All else is but a pantomime!”

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2026-02-25 00:17