One Cheeky Crypto community member didn’t pull any punches when he referred to XRP, another cryptocurrency, as garbage, saying that Ripple has shown little regard for its investors. A video from Cheeky Crypto examines these allegations while comparing them to those surrounding other crypto projects.
Community Member Calls XRP ‘Garbage’ on Cheeky Crypto
There was no holding back in a recent installment of the Cheeky Crypto channel when one of the community commentators called XRP ‘garbage.’ The charge was that Ripple, for all intents and purposes, has not shown its investors the respect they are due. It was a remark that set off some debate in the chat and served to highlight the kind of exasperation you find in parts of the crypto world with the way certain projects treat their backers.
Ripple’s Investor Relations Under Scrutiny
In a recent video, the host of Cheeky Crypto put this criticism under the microscope to get at its source. The commentator’s ire is clearly directed at what he sees as Ripple’s failure to be open and to engage with its investors. It is an indication that, for some in the community, they do not feel their worth is recognized by the company, even as it holds its position as one of the crypto world’s big names. The host goes on to consider how such disapproval could be a liability for XRP when it comes to reputation and the trust of investors.
Comparisons with Other Crypto Projects
The host of Cheeky Crypto puts things in perspective by setting Ripple’s investor relations side by side with what is seen from other blockchain ventures. There are communities that have been commended for the way they engage and keep an open line of communication, and it is not hard to see how that fosters a deeper sense of trust and loyalty among investors. In the end, the analysis makes the case that within such a cutthroat market, a project’s treatment of its investors is on par with its technology or numbers. Then there is the matter of XRP being derided as garbage; the controversy over that is indicative of wider unease about how crypto firms stand in relation to their communities.
Source — Cheeky Crypto: https://www.youtube.com/watch?v=HYKCE2W5IQ0