Former Ripple CTO Calls Bitcoin 'A Technological Dead End'

Published at 2026-02-12 06:00:59

David Schwartz, recently named CTO Emeritus at Ripple and a co-creator of the XRP Ledger, described Bitcoin as 'a technological dead end' on Feb. 12, 2026. The comment reflects long-standing critiques from some developers about Bitcoin's proof-of-work design, limited scripting, and scalability trade-offs compared with ledgers optimized for payments.

Schwartz's assessment is likely to reignite technical and ideological debates between Bitcoin proponents and advocates for payment-focused networks like XRP. While such remarks can shape community discourse and media narratives, they are opinion rather than definitive engineering judgment; market reactions tend to follow broader macro and regulatory signals. Still, comments from a senior Ripple figure underscore ongoing questions about which blockchain architectures best serve different use cases.

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Standard Chartered sharply cut its price forecasts, warning bitcoin could slide toward $50,000 and ether to about $1,400 in the coming months before recovering. The bank said the revisions reflect mounting stress across digital assets even as it retains a constructive long-term view.

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Published at 2026-02-16 03:45:13

Brazil Unveils Bill to Build 1 Million Bitcoin Reserve Using RESBit

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Published at 2026-02-15 21:00:08

Michael Saylor Signals New Bitcoin Buy as Market Sells Off

MicroStrategy CEO Michael Saylor hinted the firm will buy more bitcoin during a broad market sell-off, extending its accumulation to a 12th consecutive week despite a steep drop in MSTR shares.

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Published at 2026-02-15 19:15:12

Morgan Stanley Hires Blockchain Engineers for Ethereum, Polygon, Canton & Hyperledger Integration

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Published at 2026-02-15 18:45:17

BlackRock Warns Leverage on Derivatives Is Undermining Bitcoin’s Hedge Case

BlackRock’s head of digital assets warned that heavy leverage and speculation on crypto derivatives exchanges are amplifying volatility and threatening bitcoin’s reputation as a reliable hedge. The comment raises questions about market structure and institutional demand.