news 
Ripple News: Founder Sees ‘Fundamental Flaws’ in XRP, Predicts ‘More Downside’
In a recent interview with Yahoo Finance, Anthony Georgiades, founder and general partner at Innovating Capital, expressed his concerns regarding Ripple’s centralized aspects of the XRP Ledger. Specifically, he highlighted that while XRP operates on a decentralized ledger, Ripple Labs has significant control over it.
According to Georgiades, this centralization poses serious risks to the network’s decentralization and could be exploited by governments seeking regulatory control. The potential for targeted institutions or geographic regions raises concerns about a breakdown of trust, network forks, and ultimately, a loss of value. This could reevaluate XRP’s purpose and competitiveness compared to centralized systems.
Georgiades’ opinions do not stop there. He also believes that the token is more likely to experience further decline in value, as he perceives fundamental flaws within it. In his words: “I see the downside less in terms of impacting Bitcoin in particular and more pertaining to other altcoins, specifically Ripple. There’s a lot of positive sentiment in the market for Ripple right now and a lot of excitement around Ripple is because of a potential strategic Reserve. But I see a lot of fundamental flaws in XRP in particular, and honestly view a strategic Reserve backed by Ripple as being the demise of the network itself for a number of reasons.”
The founder’s remarks have sparked controversy within the crypto community, with some disagreeing on his assertions while others are taking note of the potential issues surrounding XRP.
Source: coinpedia.org
