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Ripple CEO’s Comment on Bitcoin Mining Sparks Community Outrage

As the crypto market has rebounded over the past few weeks, mainstream media coverage of the industry has increased. The trend continued recently when it was revealed that Brad Garlinghouse — CEO of decentralized ledger-centric fintech upstart Ripple Labs — had sat down with CNN for an interview to talk Bitcoin, XRP, and much more.

Mining Farm

The televised conversation, according to a clip shared online, veered towards a controversial subject matter, with Garlinghouse and the host talking about the purported level of centralization with BTC mining.

Ripple CEO Draws Ire of Crypto Community

There’s no doubt that China is key in Bitcoin mining. The country is home to relatively cheap electricity in certain regions due to the heavy reliance on hydropower (and the subsequent existence of many dams), and some of the world’s biggest mining machine manufacturers are based there.