Ripple CEO Opposes “Zero Sum” Mindset in Crypto

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. 

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The 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. 

However, Bitcoin maximalist Michael Saylor recently described the development as “bullish” for crypto.