The Chief Strategy Officer at Coinshares, Meltem Demirors is convinced that Ripple is behind the now-pervasive anti-Bitcoin narrative that is based on the excessive usage of electricity by cryptocurrencies. Demirors has recently claimed that Ripple is to be blamed for the Bitcoin Energy FUD.
Meltem Demirors of Coinshares Claims Ripple is Behind Bitcoin Energy Consumption
The recent claim by Meltem has come after Barry Silbert, the CEO of the Digital Currency Group made a cryptic remark about a single firm allegedly mobilizing the Bitcoin energy usage FUD.
CEO Brad Garlinghouse has been taking measures at the energy consumption of the cryptocurrency and the transaction costs CNN interview, he said that one transaction with Bitcoin is equivalent to 75 gallons of gasoline.
Chris Larsen, ex-Ripple CEO has recently displayed even more hostility toward Bitcoin from making uncorroborated overblown claims about Bitcoin being potentially destroyed by China to suggesting that the leading cryptocurrency should ultimately get rid of its proof-of-work consensus protocol to remain relevant.
In the preliminary response of the firm to the lawsuit filed by the United States Securities and Exchange Commission, Ripple shed some light on the massive carbon footprint of Bitcoin.
David Schwartz Criticizing White Paper Published by Square and Ark Invest
The Chief Technical Officer of Ripple and Larsen, David Schwartz heavily criticized a white paper which was jointly published by Square and Ark Invest and that also explains how Bitcoin incentivizes the adoption of green energy.
In addition to all the information mentioned above, Demirors says that Ripple has got cash and the firm is well aware of how to play the game.
The firm shelled out around $690,000 on its lobbying efforts last year, outspending every other player present in the space.
Moreover, it should also be noticed that BlackRock disclosed the ownership of a whopping 50 million Tesla shares, shifting its focus to sustainability.
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