Brad Garlinghouse, the CEO of Ripple, appears to have reeled in some of his criticism of bitcoin (BTC) after a backlash on social media, while Ripple itself last week scored a legal victory of sorts.
As reported last week, the Ripple chief, who is currently fighting a battle with the American regulatory Securities and Exchange Commission (SEC) over the nature of the Ripple-affiliated XRP token, took aim at BTC’s energy credentials.
Last week, he opined that BTC was “not ideal as a payments mechanism” due to its high energy usage – while the Ripple Chief Technology Officer claimed that BTC’s Proof-of-Work consensus mechanism had been touted as a “secret sauce” but showed “cracks” right from its inception.
However, in a series of tweets, Garlinghouse conceded that he had “hit a nerve” and clarified that he was not in favor of a “ban” on BTC. Instead, he added that “we, collectively, can and should understand Proof-of-Work’s carbon footprint.”
He also posted his sources for his calculations on BTC’s energy usage and ended with a call-to-arms and final plea to the BTC community, writing,
bestadmin
