The chief architect of the XRP Ledger at Ripple, David Schwartz, responded to investor speculations regarding a hidden message associated with a GIF of bagpipes he posted. The discussion on platform X once again brought to the surface old myths from the Ripple crypto community and prompted the top executive to remind investors of the risks associated with believing in 'secret plans.' The trigger was the GIF of bagpipes that Schwartz published in response to one of his recent online discussions. For XRP supporters, this musical instrument is an iconic symbol rooted in local folklore. In 2017-2018, an anonymous insider known as Bearableguy123 (BG123) published riddles about the token's rise to $589, and his famous collage depicted an astronaut on the moon with bagpipes. These images are still actively mentioned in the tokenomics of meme coins and NFT projects on the xrp.cafe market.
Users immediately linked Schwartz's latest GIF to the archival riddle. One account proposed an entire historical theory, claiming that bagpipes were always used to gather troops and served as a signal to move forward. Schwartz's response was immediate. He ended the speculations by writing: 'When the bagpipes started playing, it often meant it was time to move... away from the bagpipes.' Schwartz consistently refutes popular community theories about 'magic buttons,' travel restrictions imposed by court order, or secret government plans to turn XRP into a global reserve currency. According to him, investors are deceiving themselves if they invest money, time, or emotions based on such fabrications. Schwartz has also repeatedly criticized ultra-high price forecasts of $10,000 per token, which are spread by BG123 myth supporters. His counterargument is based on market mathematics: if large rational investors believed even in the minimal probability of such an outcome within the specified timeframes, the current asset price would have long reflected these expectations much more significantly.
Although Schwartz sometimes plays along with the community's meme culture by changing his avatars or interacting with trust lines, he draws a clear line when jokes begin to be perceived as real financial guidance. The latest incident with the bagpipes confirms his position: social media posts from Ripple's top management are personal content and humor, not coded signals for market participants.
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