A recent tweet from early Bitcoin adopter Davinci Jeremie sparked controversy within the cryptocurrency community. In his post , Jeremie claimed, “XRP Can Freeze Your Money Anytime! With XRP, your money isn’t truly yours. They can freeze it for no reason at any time. Who in their right mind wants their money controlled? That’s why I choose Bitcoin!” Alongside his tweet, Jeremie shared a video elaborating on his stance, asserting that XRP is a “banker coin” and accusing its users of supporting financial elites. Jeremy further alleged that XRP lacks decentralization, stating, “Bitcoin will be the money that everybody uses in the future and it allows them for more freedom… With XRP, if they want to block you from transferring XRP, they can.” However, Twitter’s Community Notes quickly responded to Jeremie’s claims, providing a fact-check that contradicted his assertions. The note attached to his tweet stated: “XRP on the XRP Ledger cannot be frozen. Moreover, XRP is stored in user-controlled accounts and does not include any mechanism for freezing funds. This is a widely accepted technical fact documented in official XRP Ledger resources (see link).” The note also referenced official XRP Ledger documentation, linking this resource to support its claim. XRP Can Freeze Your Money Anytime! With XRP, your money isn't truly yours. They can freeze it for no reason at any time. Who in their right mind wants their money controlled? That's why I choose Bitcoin! pic.twitter.com/NuP0cCgjYf — Davinci Jeremie (@Davincij15) February 18, 2025 Analyzing the Accuracy of the Claims Jeremie’s assertion that a central authority can arbitrarily freeze XRP transactions is misleading. The XRP Ledger (XRPL) is a decentralized blockchain, and unlike traditional banking systems, XRP itself cannot be frozen. The XRPL operates under a consensus protocol that does not allow a single entity to halt or reverse XRP transactions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The misunderstanding likely stems from an incident involving issuing tokens (IOUs) on the XRPL. Financial institutions and other entities can issue IOUs on the XRPL, representing external assets such as fiat currencies. In these cases, the issuer of an IOU can enforce compliance measures, including freezing or blocking transactions of their issued tokens. However, this does not apply to XRP, which remains decentralized and free from such restrictions. The Broader Debate: Bitcoin vs. XRP Jeremie’s video also raises broader ideological differences between Bitcoin maximalists and supporters of other digital assets like XRP. His belief that XRP is a “banker coin” is a common narrative among Bitcoin maximalists, who advocate for Bitcoin as the only true decentralized cryptocurrency. However, XRP supporters argue that its technology provides faster, cheaper, and more scalable transactions than Bitcoin, making it more practical for payments and financial settlement. The XRPL does not rely on energy-intensive mining, allowing transactions to be confirmed in a matter of seconds with low fees. Additionally, while Jeremie claimed that XRP transactions can be blocked at will, there is no evidence to suggest that governments or financial institutions can stop native XRP transactions. His argument that Venezuela or Iran do not use XRP as their main transaction method due to control mechanisms is speculative. It does not account for other factors such as regulatory barriers, economic policies, and technological infrastructure. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Community Notes Counters Bitcoin Maxi Who Claims “XRP Can Freeze Your Money Anytime” appeared first on Times Tabloid .
