XRP News Today: Bitcoin Maxi Slams XRP as "Crypto for the Retarded" in Heated Social Media Spat

A recent controversial post by FiatHawk, a prominent Bitcoin maximalist on X (formerly Twitter), has reignited tensions between Bitcoin purists and XRP supporters. His tweet, describing XRP as “the crypto for the truly retarded,” mocked a speculative idea that the token could reach $10,000. The statement was a direct response to an investor’s online post envisioning a $300 investment turning into $1 million if XRP ever hit that price level. While many view such speculation as unrealistic, the post highlights the deep-seated ideological rift between the two communities [1].

Bitcoin maximalists often criticize XRP for its perceived lack of decentralization and scarcity—key characteristics they consider essential to true cryptocurrencies. They argue that Ripple Labs holds a significant portion of the total XRP supply, giving it disproportionate control over the network and undermining its legitimacy as a decentralized asset. To Bitcoin maxis, Bitcoin represents the only valid form of digital money, built on censorship resistance and a trustless system. They view XRP as more of a fintech solution than a peer-to-peer currency [1].

Conversely, XRP supporters emphasize the token’s real-world utility, particularly in cross-border payments and remittance services. XRP’s fast settlement times and low fees have made it a preferred choice for financial institutions seeking scalable and efficient infrastructure. Advocates argue that if XRP gains broader adoption as a global liquidity tool, its value could rise significantly. The idea of XRP reaching $10,000 has been floated in speculative circles, though experts warn that such a valuation would require systemic changes in global finance, including an unprecedented market capitalization in the trillions of dollars [1].

The debate extends beyond technical arguments to the philosophical question of what cryptocurrency should be. To Bitcoin maximalists, crypto is about sovereignty, scarcity, and decentralization. For XRP supporters, it is about functionality and immediate adoption in real-world financial systems. Legal expert Bill Morgan has defended XRP, noting that it survived a high-profile SEC lawsuit and was not classified as a security. He argues that maximalists often distort facts to fit ideological narratives, overlooking XRP’s proven utility in institutional finance [1].

FiatHawk’s remark, though inflammatory, encapsulates the ongoing battle between competing visions within the crypto space. While the path to a $10,000 XRP is highly uncertain, the retail investor base remains undeterred, driven by the allure of high-risk, high-reward speculation. For now, the conflict continues to unfold through social media posts, technical debates, and market movements, with each side defending its vision of the future [1].

Source:

[1] TimesTabloid - This Bitcoin Maxi Says XRP is the Crypto for the Retarded. Here’s Why. (https://timestabloid.com/this-bitcoin-maxi-says-xrp-is-the-crypto-for-the-retarded-heres-why/)