In the grand theater of cryptocurrency, where fortunes are made and lost with a mere tweet, there stands David Schwartz-an emblematic figure of Ripple, ever engaged in the digital agora that is X. Recently, this veteran found himself defending a thread from 2017, a year when many dared to dream that crypto could save us all (and perhaps even make our mothers proud). The thread in question? A rather contentious discourse on the price of XRP, which has since become the laughing stock of financial predictions.
Ah, the audacity! An incensed user on X had the gall to accuse Schwartz of “fooling the XRP community.” How daring, indeed! One must wonder if they imagined him lurking in the shadows, twirling his mustache while plotting the downfall of unwitting investors. The accuser even asked if Schwartz planned to delete his old musings-because who doesn’t love a good digital wipe to erase their past?
‘XRP can’t be dirt cheap’
Fast forward to November of that fateful year, when Schwartz proclaimed with the confidence of a man who has just discovered the secret to eternal youth: “XRP cannot be ‘dirt cheap’ if it aspires to handle the vast ocean of global transactions.” Ah, the wisdom of a time before we all became experts in market dynamics via YouTube tutorials!
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“It can’t be dirt cheap,” Schwartz reiterated in 2017-perhaps channeling the spirit of a philosopher. “If XRP costs $1, they’d need a million XRP which would cost $1 million! If XRP were priced at a million dollars, they’d only need one!” Truly, he was either a madman or a genius-or perhaps both. Yet here we are in 2026, still grappling with the basic principles of supply and demand, as if they were cryptic riddles from an ancient text.
Despite the passage of nine years and countless twists in the crypto saga, Schwartz clings to his original economic analysis like a life raft in a stormy sea of speculation. He admits to contemplating the removal of those tweets, attributing the rampant misunderstandings to a veritable circus of price fervor within the XRP community. Who knew liquidity could be so misinterpreted?
“It’s very simple,” he insists, with the fervor of someone explaining gravity to a toddler. “But somehow, people seem to think it’s a price prediction or a sign that XRP was destined for the lofty heights of value-whatever that even means!” Ah, yes, the lofty heights-where dreams meet reality, often with a thud.
Deleting the Arbitrum posts
In an ironic twist befitting this digital age, Schwartz recently undertook the noble task of deleting a series of posts concerning the controversial decision by the Arbitrum Security Council to freeze over 30,000 ETH linked to the KelpDAO exploit. Initially, he stood firm, comparing Arbitrum’s actions to the notorious “value overflow incident” of 2010-a bold comparison indeed!
Yet, as the winds of public opinion shifted, Schwartz found himself backpedaling faster than a politician during election season. He sheepishly admitted to “confusing Arbitrum with a different type of L2.” One can only imagine the internal dialogue: “Did I really just compare apples to oranges?”
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2026-04-27 08:36