XRP’s CEOless Chaos: The Wild Tale That’s Got Even Scrooge McDuck Laughing! 😈

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Ah, fellow comrades in this grand theater of folly, behold the XRP, a spectral creature without a head – nay, without a CEO! Stuart Alderoty, that veritable Cloak of Ripple, pontificates on this absurdity with the earnestness of a provincial clerk auditing the misfortunes of mankind. Do not conflate this ethereal XRP with the corpulent Ripple, which boasts a CEO, Brad Garlinghouse, as if it were a baron in a plush armchair. Ripple, you see, is a mere payment peddler, while XRP dances upon the XRP Ledger, an open-source phantasm, permissionless and decentralized, conjured in 2012 by sorcerers who mistook freedom for profit. 😂

This Alderoty chap retorts to a tweet from the National Cryptocurrency Association, affirming that Bitcoin, too, lacks a CEO – oh, what a revelation! It underscores the “independence” of these blockchains, lest we forget that no dictator sits upon a throne deciding who may tickle the pixels or validate the vapors.

When a network is open and permissionless, no one sits at the center deciding who can participate, validate transactions, or build on top of it.

The “no-CEO” talking point helps remind policymakers and the public that true open and public crypto networks aren’t centrally…

– Stuart Alderoty (@s_alderoty) October 15, 2025

And lo, this isn’t merely the bauble of Bitcoin alone; nay, cryptocurrencies like Ethereum, XRP, Solana, and Cardano cavort on these public rodeos, where any fool with a dream may build, and none claim the crook of authority. Ah, the irony! 😏

XRP burst forth in June 2012, birthed by the trio of David Schwartz, Jed McCaleb, and Arthur Britto – code scribblers who, having wrought the Ledger, gifted 80% of their mint to a fledgling beast called NewCoin, then OpenCoin, and finally Ripple, like orphans bequeathing their souls to a corporation. What magnanimity in this farce! 🙄

XRP has no CEO

Yet Alderoty, cloaked in legal righteousness, echoes with bourgeois fervor that Bitcoin lacks a CEO, and so too these others, in harmony with the Association’s decree: “Yes, bitcoin doesn’t have a CEO but that’s not ideology. It’s the fundamental design of all open, permissionless tokens.” Sarcasm drips like borscht from a leaky spoon – not ideology, he says, but the very bones of these open monsters! As if decentralization were a mere quirk, not the punchline to our technological comedy.

He elucidates that such networks scorn the CEO’s crown, this “talking point” serving as a lantern to guide policymakers through the fog, reminding them these crypto realms aren’t some centralized Pig in a Poke. But – oh, the twist! – insisting it’s unique to Bitcoin? Pure deception, risking the unraveling of sane policy in this madhouse. 😂🎭

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2025-10-16 15:15