After clarifying the misconception that he is a billionaire, Schwartz received more speculative comments and criticism over his role at Ripple Labs and where his loyalty is.<\/p>\n
An X user stated that the CTO is \u201cjust an employee of Ripple Labs.\u201d The user added, \u201cHis allegiance is to Ripple, not the XRPL nor XRP\u2026\u201d Schwartz took notice of the post and explained to whom he is loyal and why.<\/p>\n
The response details<\/a> how Ripple\u2019s co-founder Chris Larsen approached Schwartz and asked him to join the board. Larsen wanted the CTO on the team because he considered Schwartz loyal.<\/p>\n At the time, Schwartz interpreted Larsen\u2019s statement as loyal to the former CEO and replied that he \u201cwould be loyal to him so long as I felt he was the right guy to run Ripple.\u201d He further stated that he pledged to be loyal to his employer.<\/p>\n Nonetheless, the CTO went into more detail about his concept of loyalty. To him, loyalty must be earned, and he is loyal to what he thinks deserves it.<\/p>\n Schwartz claims this belief translates to his personal life, as he doesn\u2019t want people\u2019s loyalty if they don\u2019t consider he deserves it. As such, he deems that even his harshest critics would admit it:<\/p>\n In fact, many of them criticize me for exactly this, though usually without realizing that’s what they’re doing.<\/p>\n<\/blockquote>\n Ripple\u2019s CTO believes that the project still deserves his loyalty but assures that he would stop working for them if it didn\u2019t, although he \u201cmight not publicly condemn them out of self-interest.”<\/p>\n It\u2019s worth noting that his reply was not without criticism. Some remarked<\/a> on the lack of mention of XRP Ledger, considering it to prove the original post’s point.<\/p>\n The user who initially questioned him also expressed that Schwartz is to Ripple what Steve Wozniak was to Apple and Steve Jobs. The comment sparked a discussion in the replies as other community members disagreed.<\/p>\n One user stated<\/a> that Ripple\u2019s CTO is \u201ca lot more than that,\u201d highlighting his contributions to developing blockchain technology and XRP Ledger.<\/p>\n Another user stated<\/a>, \u201cUtter misunderstanding of a great man’s life’s work.\u201d The original critic questioned why Schwartz needs Ripple \u201cIf he is the grand architect of blockchain?\u201d<\/p>\n If I was the one of the satoshi nakamotos\u2026 or a blockchain developer\u2026 I would believe in myself enough to be my own boss and not a corporate employee\u2026<\/p>\n — \ud835\ude48\ud835\ude5a\ud835\ude69\ud835\ude56\ud835\ude48\ud835\ude56\ud835\ude63 \ud835\ude53 (@MetaMan_X) April 18, 2024<\/a><\/p>\n<\/blockquote>\n In his reply, the CTO appears to have addressed this speculation, as he affirmed that he\u2019ll stop working at the company when it\u2019s no longer fun:<\/p>\n But I don’t need to keep working at Ripple, and as soon as it’s not fun, I’ll stop. And I don’t need to publicly say things I don’t believe. I’ve tried to avoid that trap my whole life.<\/p>\n<\/blockquote>\n As someone pointed out in the comments, being the boss requires one to deal with a project\u2019s corporate and administrative duties, which might not suit every person. \u201cSome folks are passionate about being the boss. Others just wanna code & focus on R&D (doing the \u201ccool shit\u201d). Comes down to personality & one\u2019s stage of life,\u201d the user stated<\/a>.<\/p>\n\n
<\/span>Is Schwartz Ripple\u2019s Steve Wozniak?<\/span><\/h2>\n
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