Ex-Ripple CTO Just Spelled Out the XRP Value Thesis

A debate about the XRP Ledger’s fee structure recently pulled one of its original architects into the conversation. David Schwartz, Chief Technology Officer at Ripple and a key figure in building the XRP Ledger, offered a concise explanation of how XRP derives its value. His response has since circulated widely among the XRP community. The exchange began when an X user challenged the logic behind XRPL’s fee-burning mechanism . That user argued the architects designed XRP as a deflationary currency and cited the long-term effects of fee burns on the network. Another user, Saul, pushed back on that interpretation.