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Stanford Lecturer praises XRP over Bitcoin

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The world of cryptocurrencies continues to cause controversies even now, particularly when it comes to matters such as the superiority of one coin over others. According to recent reports, one student from Stanford University has stated that one of Stanford’s guest lecturers — Dr. Susan Athey — bashed the first and largest cryptocurrency, Bitcoin, while praising XRP.

Does guest lecturer go anti-Bitcoin?

In late February, Stanford’s student called Conner Brown came out publicly with a claim that Athey described Bitcoin’s network and protocol inaccurately, and that she also used the opportunity to make unfounded criticism. Athey, who also sits on Board of Directors at Ripple Labs — XRP’s parent company — supposedly also stated that XRP provides solutions to all issues mentioned in regards to Bitcoin.

According to Brown’s comments on the matter, the lecture in question took place over a month ago, and after attending it, he wrote an open letter to Standford, explaining the incident. In the letter, Brown claims that Athey inaccurately presented Bitcoin’s consensus protocol and overstated several issues, such as the threat of a 51% attack on the coins network, as well as Bitcoin’s mining centralization.

However, the main problem with the lecture, as Brown sees it, is the professor’s claims that XRP presents a solution to these problems.

The claims caused Dr. Athey to respond publicly via Twitter, stating that she is not the University’s professor, but a guest lecturer. Further, she claims that her connection to Ripple Labs was not a secret and that she dedicated a five-minute-long verbal introduction to discussing her background, during which she openly disclosed her link to the company.

Athey also provided slides used for the lecture, as proof that she did not misrepresent Bitcoin, although the slides to show that Brown’s accusations of the lecturer praising XRP are correct.

Athey also used the example of a Mexican Company called Caullix to explain Ripple Labs’ product, xRapid. She stated that Caullix has been using the product to achieve cheaper, faster payments, and even Ripple itself tweeted that the Caullix plans to start using xRapid, back on October 1st, 2018.

However, Brown claims to have contacted the company to check these claims, and the company denied using Ripple tech. Brown claims to have proof of this, as he allegedly recorded the conversation. However, he has not presented any audio files to confirm these claims.

What is the truth?

The entire incident remains unresolved and filled with controversial claims, but several things can be concluded according to the facts and evidence at disposal. For example, it is clear that the lecture was dedicated to the promotion of XRP, Ripple, and xRapid, that much can be seen from the slides.

Athey believes that this behavior is legitimate and justified by the fact that she disclosed her link to the company and its projects, as well as by the fact that she is not a full Stanford professor, but a guest lecturer.

Meanwhile, her slides — while pro-XRP — do not clearly bash or misrepresent Bitcoin, although it is possible that she made verbal anti-Bitcoin statements during the lecture itself.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Robbie Shade via Flickr

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

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