Brad Garlinghouse, chief executive officer at enterprise blockchain company Ripple, has taken a jab at some industry participants who insist on maintaining a "myopic" mindset.
Earlier this Wednesday, the 53-year-old executive said that he "couldn't agree more" with a recent take shared by Austin Federa, former strategy lead at the Solana Foundation.
"I'm baffled how anyone can join this industry and maintain a myopic zero-sum mindset. Crypto needs more capitalists, fewer mercantilists and feudalists," Federa said.
Alex DovbnyaThe common apparently comes in response to the numerous critics of the much-talked-about multi-token cryptocurrency reserve.
As reported by U.Today, the reserve is supposed to include the Ripple-affiliated XRP, Solana as well as several other cryptocurrencies.
Some sayers have questioned the necessity of a multi-token reserve, insisting that a Bitcoin-only version would be sufficient since the largest cryptocurrency is viewed as digital gold.
Arman ShirinyanHowever, Bitcoin maximalist Michael Saylor recently described the development as "bullish" for crypto.
Ripple has been lobbying against a pure Bitcoin reserve, which did not sit well with many Bitcoin supporters. However, Garlinghouse previously claimed that the company's efforts actually increased the likelihood of the reserve actually happening.
Earlier today, it was confirmed that Bitcoin would have special status in the crypto reserve.
Vladislav Sopov
Dan Burgin