The XRP Ledger blockchain has lately built-in a brand new modification, dubbed Clawback (XLS-39), enabling issuers to reclaim tokens distributed to accounts. Whereas this replace has sparked numerous discussions throughout the XRPL neighborhood, one notable dialog revolves across the idea of a “Clawback-enabled tokenomics” proposed by Neil Hartner, a senior workers software program engineer at Ripple.
Hartner recommended the creation of a Robinhood (RHD) token, envisioning a redistribution of tokens from the highest 10% holders to the underside 90% at random intervals. Nonetheless, Ripple CTO and co-creator of the XRP Ledger, David Schwartz, expressed skepticism towards this concept, stating sarcastically, “I really like that concept.”
Including to the discourse, XRPL developer Wietse Wind questioned the need of accumulating giant quantities of such a token, drawing parallels to the ethos of the legendary Robin Hood. Wind implied {that a} true Robin Hood token, like its namesake, would inherently possess worth to its customers, eliminating the necessity for extreme hoarding.
Schwartz echoed Wind’s sentiment, suggesting that people needing substantial holdings of the token might simply distribute them throughout a number of accounts, thereby circumventing the proposed clawback mechanism.
In essence, the talk surrounding the feasibility and desirability of Hartner’s proposition underscores broader questions concerning the effectiveness and practicality of implementing clawback mechanisms inside token ecosystems.
Ripple CTO David Schwartz elucidated the shortcomings of the Robinhood token idea, emphasizing the potential for customers to sport the system and the elemental necessity for tokens to derive their worth intrinsically.
