Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC) and architect of the brand new digital economic system, was conscious of Ripple 13 years in the past, in 2009. This was revealed in a video by Crypto Eri, a distinguished blogger within the XRP neighborhood, who primarily based her thesis on the persona of Ryan Fugger. The crypto influencer’s take was additional confirmed by Ripple CTO David Schwartz.
Yep. Ryan Fugger did not have the know-how to make a decentralized asset, so as a substitute he constructed a decentralized system consisting of various centralized property that might interoperate.
— David “JoelKatz” Schwartz (@JoelKatz) December 15, 2022
Because it seems, Ripple as a decentralized cost system was invented by Fugger again in 2004 and was known as RipplePay. Over time, Fugger handed over the idea to Chris Larsen and Jed McCaleb, and the remaining is historical past.
One other argument denying XRP and Ripple codependency?
In keeping with Schwartz, Ryan Fugger didn’t have the know-how to create a decentralized asset on the time, so he constructed a peer-to-peer system consisting of interoperable centralized property. That is additionally not directly confirmed by Fugger himself, who acknowledged on his Twitter account again in 2016 that his Ripple by no means had XRP and the concept didn’t belong to him.
John Deaton, a pro-crypto lawyer and consultant of XRP holders within the present SEC litigation towards Ripple, then joined the dialog. Addressing Schwartz’s remark, Deaton stated that it was for that reason that again in 2014 the U.S. Authorities Accountability Workplace described XRP as “the digital forex utilized in a decentralized cost system known as Ripple.”