Disclosure of the Ripple Labs Inc. office For the purchase of Circle Internet Financial for reported from $ 4 billion to $ 5 billion, the scarce width from the digital industry itself has lit a scarce width, while looking divergent philosophies about how cryptocurrency networks should be commercialized.
Simon Dedic, the chief director of the Venture Moonrock Capital company, got up directly to the Ripple approach in the post on X, writing that the attempt to take over the circle would be “the ultimate example of” false until you do “steroids.” [its] A community with empty promises and flashy messages-all just to pump the XRP token for absurd price valuations of dollars. “
He continued: “Then you sell your tokens, you build a mass war chest and try to use it to buy one of the most justified and profitable companies in the industry. If it was not so cheater, I would almost be impressed by Brad Garlinghouse and the band’s performance and strength.”
Ripple refused to comment on Dedica’s characteristics. The proposal to take over the company, first reported by Bloomberg on Wednesday, was rejected by Circle, who prepares the initial public offer at the beginning of April and believes that the numbers presented “underestimating the franchise”, according to people familiar with conversations. The circle also refused to publicly comment on the approach, repeating that his brief -term focus on IPO and Stablecoin Development.
Ripple, whose book XRP has been designed for cross -border payments and settlements, is not alien to gigantic checks. Last month, the company based in San Francisco agreed to take over the Brime-Broker Hidden Road platform for $ 1.25 billion, one of the largest offers in Crypto. However, an attempt to take over the circle would overshadow this transaction and, if it is consumed, laid the two largest non -algorithmic stablecoin supported in dollars in addition to imprisonment under the novel roof.
Ripple = creator of the high agency
The offer also enlivened a long -term debate about the role that founding teams and their related foundations should play when the network is live. Hunter Horsley, general director of BitWise Asset Management, argued on X that the market often omits the “role of creators in commercialization.”
Horsley argued that the episode is illustrated by the “creator of the High Agency” and more common among layer 1 protocols. He founded a spectrum with three archetypes. “Lack of agency creator: Bitcoin. Medium Agency Creator: Ethereum, Bittensor, etc. Creator of the High Agency: Solana, Avalanche, Aptos, Sui, Ripple, etc.”
Bitise CEO added that the projects in the third category “have laboratories and foundations next to them with resources, organized talent and a desire to support adoption.” In his opinion, the ability of such entities to “bend fate to win” means that “the best product does not always win.
In other words, Horsley sees Ripple as a textbook example of a high agency strategy in action, contrasting with protocols such as Bitcoin, which rely almost exclusively on the emerging coordination of the community. On the other hand, Dedica’s criticism defines Ripple’s approach as opportunistic confusion of assets financed from the sale of the XRP State Treasury.
During the press, the XRP traded USD 2.22.
A distinguished painting created from Dall.e, chart from tradingview.com
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