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Van Code Breaks Down XRP’s Most Harmful Misinformation
Vincent Van Code, a seasoned software engineer and prominent voice in the XRP community, has recently raised concerns about certain behaviors and narratives that could mislead investors. In a detailed post on X, he outlined eight key red flags, urging market participants to exercise caution and avoid following those who engage in such practices.
1. Unrealistic Price Speculations
Van Code criticized content creators who repeatedly ask, “What would you do if XRP hit $1,000?” He referenced Uphold, an American exchange, as one of the platforms amplifying this unrealistic speculation. According to him, these hypotheticals are distractions from sound investment decisions.
2. Promoting Other Tokens to the XRP Community
He also warned against influencers promoting unrelated tokens using complex technical language. “If someone uses a bunch of technical jargon to promote a token outside of XRP, be cautious,” he advised.
3. Claims Without Sources
Van Code highlighted a trend where bold claims are backed only by screenshots rather than verifiable data. He emphasized that transparency and credibility are essential.
4. Yield Promises on XRP
Despite XRP Ledger’s lack of a native yield feature, projects like Flare’s FAssets and Axelar’s mXRP offer returns by locking XRP. While noting FAssets has already locked 20 million XRP, Van Code urged, “Always read the terms carefully.”
5. AI-Generated Giveaway Scams
He warned about deepfake videos of public figures, including Brad Garlinghouse, promising fake giveaways—often used to steal credentials.
6. Philosophical Manipulation
Van Code called out the use of philosophical narratives aimed at persuading community members to buy tokens.
7. Misleading Speculation
He also criticized individuals who make speculative claims without understanding the concepts themselves.
8. Misuse of the Term “Quantum”
Lastly, he advised ignoring content creators who misuse the word “quantum” in contexts unrelated to quantum computing or physics.
