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Dogecoin creator Jackson Palmer commented on Ripple and his fans in a recent podcast with Laura Shin.
Among the topics discussed in Laura's podcast, XRP was at the center of the discussion. Jackson, who is also the creator of the website & # 39; Are we decentralized Yet & # 39; is of the opinion that Ripple's marketing is similar to InititativeQ.
IniziativeQ has gained a lot of popularity recently mainly because of its reference program and requests to become the future of payments. The project that is not even a cryptocurrency has received numerous criticisms because it closely resembles a pyramid scheme.
However it is not necessary to invest money initially in it, just share your email IDs that have led many people to ask their friends to join the network. Palmer says this is the kind of similar mentality that members of the Ripple community share.
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Jackson said:
"They (InititativeQ) deal with many of the things they say that Bitcoin has come out in the last ten years as its value proposition that rethinks global money and makes free and fast payments and all of these great benefits, but says we're different and we are better than Bitcoins "
Then he continues to talk about how InitiativeQ is using PayPal as a point of sale and people sharing the same copied narrative.
He continues:
"I think they're those serious bites … they're nurtured with people so they can copy them glued really easily … Ripple as a company has been able to do such a thing if you look at some of the people in the community team. If you look at their presence on Twitter it is absolutely off the charts in terms of how much they are manipulating Twitter as a means of promoting Ripple, whether they are they or if they claim they do not own the bot network …Ripple is like Initiative Q without referrals."
Here are some of the highlights of the podcast:
- Ripple has a very concentrated and concentrated marketing department with a big budget.
- It is easier to commercialize Ripple (XRP) as it is centralized and has only one narration unlike the decentralized Cryptocurrency such as Bitcoin and Ethereum which is spread over hundreds of projects that do not share the same vision.
- Ripple did a good job in creating a hype focused on a single narrative.
- XRP fans are usually non-crypto people who have not invested in any other Cryptocurrency other than XRP, making them more susceptible to marketing.
Image courtesy: online boxing news
Read also:
Dogecoin Creator states that "the institutionalization of Crypto is a paradox"
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