Pro-XRP Lawyer Says Michael Saylor’s View on Altcoins Is ‘Deeply Flawed’ – Here’s Why

Pro-XRP Lawyer Says Michael Saylor’s View on Altcoins Is ‘Deeply Flawed’ – Here’s Why


Attorney and XRP supporter John Deaton thinks Michael Saylor’s recent comments about altcoins are “absurd.”

Saylor, the CEO of MicroStrategy, recently said in an interview with Not Investment Advice that “all of the legitimate talent is working on top of the Bitcoin ecosystem.”

“If you’re honest, ethical and competent, you’re building stuff on Lightning, or you’re building an application.”

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Saylor also claims that other projects in the crypto market competing with Bitcoin (BTC) took the shortcut of being unregistered securities because “they’re not decentralized.”

Deaton says Saylor’s comments are “troubling.”

“The ethical comments are absurd and Saylor needs to be better than that. The problem with his analysis is that he equates every potential developer with the platform’s founders.

If he wants to criticize altcoin

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