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Market News

Ripple CTO Enters Intense Debate Over XRPL Clawback Feature

The recently proposed clawback feature faces criticism from the crypto community as it opposes the ethos of security and decentralization.

Written By:
Gopal Solanky

Last updated: October 6, 2023 10:56 AM
Published October 6, 2023 10:56 AM
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Last updated: October 6, 2023 10:56 AM
Published October 6, 2023 10:56 AM
Ripple CTO Enters Intense Debate Over XRPL Clawback Feature

David Schwartz, the CTO of Ripple, has had an intense conversation with a Twitter user over Ripple’s recently proposed feature. 

The topic of the matter is the newly proposed Clawback feature on October 2, which introduces a capability for XRPL issuers to claw back assets from a holder. 

While presenting his views on the proposal, a Twitter user named Chris Thomposon criticized Clawback, saying that it is a gross feature that takes user security away. He said that the holder’s signature needs to be required to move assets from their wallet. 

Clawback is a gross feature that takes us yet another step away from user security.

If you freeze an asset, you force the 2 parties to come to a resolution, if you can’t then the parties can go to court.

With clawback, the issuer has no reason to listen to your dispute.

My… https://t.co/SytOw6dQCq

— Chris Thompson (@bigcjat) October 3, 2023

“If you freeze an asset, you force the 2 parties to come to a resolution, if you can’t then the parties can go to court,” Chris said.

Ripple CTO replied to Chris by adding that he did not understand the objection. He said that both clawbacking and freezing funds require the asset issuer to interfere. 

I also refuse to believe that this was pushed as soon as 1.12 without a single entity making request of it, officially or whisper to those influencing it (you)

— Chris Thompson (@bigcjat) October 3, 2023

The debate went on and on, with both crypto advocates putting forth their assertions and clarifications while being joined by several other users. 

The conversation got intense as the CTO was viewing Clawback from an issuer’s point of view while others who were criticizing the feature were stating their user-side perspective.

Schwartz strongly favored Clawback and argued that it could not necessarily be a disadvantage for users, as they could face even worse outcomes without it.

Also Read: Honda Accepts Crypto Payment Including Bitcoin And XRP

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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