Ripple-Labs Inc. Disclosure of Circle Internet Financial Action $ 4-5 billion has lit up a rare public extent in the digital asset industry, while it means different philosophies at the same time as cryptocurrency networks should be marketed.
Simon Dedic, CEO of the risk company Moonrock Capital, took a direct goal of Ripple's approach in the X post, writing that the attempt to take over the circle would be “the ultimate example of” fake it until you do it “for steroids. The dedication claimed that Ripple's business model has been “up for a decade” [its] A community with empty promises and fun news-just to pump the XRP sign in the absurd, cent-billion dollar prices. ”
He continued: “Then you sell your chips, build a massive war on the chest and try to use it to buy the most legitimate and profitable business in one industry. If it wasn't that fraud, I would almost impress me with Brad Garlinghouse and the Fulfillment and Durability.”
Ripple refused to comment on DedC's characterization. A proposal for the acquisition of a company, which Bloomberg first announced on Wednesday, rejected Circle, which prepares an initial public offer in early April and believes that the numbers, according to people familiar, will submit an underestimation of the franchise. Circle also pushed a public comment, repeating that it will focus on the IPO process in the near future and the growth of the USDC Stablecoin.
Ripple, whose XRP ledger was designed for cross -border payments and billing, is no foreign for major checks. Just last month, a company in San Francisco agreed to acquire a hidden road hidden by the Prime Minister for $ 1.25 billion, which is one of the largest deals so far in cryptos. However, the attempt to take over Circle would reduce this transaction with this transaction and fold the two largest non-primary stables to Stablekoin under a new roof.
Ripple = Creator of a High Agency
The offer is also a long -term discussion on the role of teams and their links to play when the network is in real time. Hunter Horsley, CEO of Bitwise Asset Management, stated that the market often neglects “the role of creators in commercialization.”
Horsley argued that the episode illustrates the increasingly common model “The Creator of the High Agency” between the 1-protocols of the layer. He set a spectrum with three archetypes. “No Agency Creator: Bitcoin. Creator of the Middle Agency: Ethereum, Bittensor, etc.
Bitwise CEO added that projects in the third category “are laboratories and bases with resources, organized talents and desire to facilitate adoption”. In his view, the ability of such units to “win the fate” means that “the best product does not always win. Sometimes it is the best to get on the market. Do you consider the expectations of this dimension?”
In other words, the Horsley Ripple belt is considered as an example of a textbook for a highly authorized Agency strategy that contrasts protocols such as Bitcoin, which is based on the coordination of the community almost exclusively. Dedic's criticism, on the other hand, frames Ripple's approach as an opportunistic early in -depth, funded by the sale of the Treasury XRP.
During the press, XRP traded for $ 2.22.
A highlighted image created with Dall.E, graph from site TradingView.com
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