Dear XRP Army, Ripple is a payment protocol whose native currency is XRP. You could suggest the eponymous company change its name to avoid ambiguity.
The convention is
The crux of the problem is around the origins of XRP Ledger, and how it has become synonymous with Ripple as a company.
If the courts deemed that XRP was a cryptocurrency issued by Ripple, or worse yet, that XRP was a security in Ripple, then the company would have a legal and accounting nightmare on its hands.
"The XRP Ledger cannot be owned by any single entity-it exists independent of any one person or business, including Ripple."
The back-and-forth between these two factions has left laypeople confused about the difference between Ripple and XRP. Some people are left thinking that buying XRP is equivalent to buying Ripple's stock, while others never want "Ripple to be mentioned in the same sentence as XRP," as stated by Kraken.
To further provoke XRP fans, Kraken has been flippant in its response to Ripple hardliners.
In 2014, Powell battled with Ripple co-founders Chris Larsen and Jed McCaleb over their self-allocation of XRP:. "I'm no longer confident in the management nor the company's ability to recover from the founders' perplexing allocation to themselves of 20% of the XRP, which I had hoped until recently would be returned."
"Your recent public statements regarding Ripple and its CEO, Chris Larsen, are false and defamatory and are clearly intended to damage the company. you are using your insider knowledge to sabotage Ripple Labs and wrest large payments for yourself and McCaleb. Most egregious, you are doing all this while attempting to smear Ripple Labs and your former partners as greedy and indifferent to the best interests of the Ripple.community."