Bitstamp is apologizing for posting research firm Messari’s “Crypto Thesis for 2021”. The report labels XRP as “toxic waste”. Also, Bitcoin forks, Stellar Lumens (XLM), and Litecoin (LTC) are referred to as “piles of sh*t”.
The report particularly stated that:
I can’t fucking believe I still have to write about these piles of sh*t. These are toxic assets propped up by regulatory capture, and they go against everything that got me into crypto.
In line with this, Bistamp has posted a tweet apologizing for posting the report. In detail, parts of the report contain language and content which does not reflect Bitstamp’s views or values.
1/3 Yesterday we posted a syndicated report by Messari, parts of which contained language and content that does not reflect Bitstamp’s views or values. We would like to apologize for that.
— Bitstamp (@Bitstamp) December 9, 2020
Additionally, Bitstamp says it did not complete a thorough enough review of the 130+ page report before being published. Moreover, the crypto exchange is against any research that is disrespectful towards any part of the community.
In the recently published report, Messari’s CEO used unprofessional language including “f*ck” five times, and “sh*t” nine times. Hence, showing rudeness towards the community.
Messari CEO Responds to Critics About the Report
Messari CEO further expresses his thoughts about XRP aside from what is in the report. Actually, he further goes on to refer to the token as snake oil. Moreover, in the 2020 Messari crypto thesis report, Selkis notes that he hates XRP. However, in this report, he does not refer to the token as toxic.
I’m aware of my biases, I’ve just done 100x more work than most on actually understanding XRP and it’s snake oil.
More so, Selkis points out that he used a tone of humor in the analysis piece. He explained that humor is the only thing that keeps people reading 134-page reports in a 280-character world. “The issue is that Bitstamp may have expected a more cerebral “Pro” piece from our analysts vs. the yearly TBI hot takes,” he specified.
Meanwhile, Bitstamp has received credit for the apology. XRP supporters termed the apology a quick and thoughtful response. On the other note, others supported Messari’s crypto thesis stating Selkis did nothing wrong.