Chainlink Maxi Shares Why LINK Is A Better Institutional Bet Than XRP

bitcoinistОпубліковано о 2026-03-21Востаннє оновлено о 2026-03-21

Анотація

In a controversial post, Chainlink ambassador Zach Rynes sparked debate by arguing that LINK is a superior institutional investment compared to XRP. He criticized Ripple for prioritizing equity shareholders over XRP token holders, claiming the company uses XRP sale proceeds to fund corporate acquisitions and stock buybacks that don’t benefit token investors. Rynes dismissed the XRP Ledger as an "obsolete ghost chain" with minimal market share in real-world assets and stablecoins, while highlighting Chainlink’s dominance in DeFi, institutional partnerships, and structurally aligned incentives—noting that even Chainlink employees are rewarded in LINK, not equity. Ripple’s former CTO, David Schwartz, countered that Ripple’s consistent XRP sales created lower entry prices for buyers, a claim Rynes rejected as "elite-tier gaslighting."

Chainlink Maxi Zach Rynes has ignited fierce debate across the crypto community after sharing a pointed critique of XRP and Ripple, drawing significant backlash from supporters and former executives. The ambassador has framed Chainlink’s native token LINK as the superior institutional play, labeling XRP a ghost chain. He also criticizes Ripple’s recent share buybacks, suggesting that the company prioritizes shareholders over XRP investors.

Chainlink Maxi Takes Aim At XRP And Ripple

In a recent post on X, Rynes argued that XRP holders are effectively funding a company that has openly stated it will prioritize equity shareholders over token investors. He explained that when a company sells both tokens and equity to investors, it creates two competing stakeholder groups whose economic interests diverge. As a result, when excess revenue is present, equity investors hold superior, legally enforceable rights, leaving XRP holders at a disadvantage.

Rynes argued that Ripple sells XRP and uses proceeds to acquire companies and fund stock buybacks that benefit only shareholders. He also noted that, even under oath in court filings, the crypto company admitted that XRP’s bridge currency use case is demand-neutral and does not affect price.

Furthermore, he dismissed the XRP Ledger (XRPL) as an “obsolete ghost chain” sitting outside the top 40 chains by usage, holding less than 1% market share in real-world assets and less than 0.01% in stablecoins. The Chainlink maxi further noted that Ripple itself issued 90% of the RLUSD stablecoin on Ethereum and has since expanded to additional chains outside the XRP Ledger, including BNY Mellon’s private EVM chain.

Supporting Chainlink, Rynes stated that LINK presented a structurally cleaner investment case compared to XRP because it has no equity investors competing for value. He explained that every layer of network growth focuses primarily on the native token and that even Chainlink Lab employees receive long-term incentive rewards in LINK rather than equity.

He pointed to Chainlink’s more than 70% market share in DeFi with $60 billion in secured TVL, alongside institutional partnerships with SWIFT, the DTCC, Euroclear, JPMorgan, and others as proof of tangible adoption. The Chainlink maxi finally concluded that the LINK token represents the best index bet on institutional blockchain adoption. At the same time, XRP functions as a “bank-themed meme coin” that Ripple sells to retail to fund corporate acquisitions.

Ripple’s Former CTO Fires Back

The debate escalated when Ripple’s former Chief Technology Officer (CTO), David Schwartz, entered the conversation. Schwartz argued that Ripple’s consistent and predictable XRP selling over five years created sustained downward price pressure, which he claimed actually benefited buyers who accumulated tokens at lower prices than they would have otherwise paid.

Rynes sharply rejected the rebuttal, calling it “elite-tier gaslighting,” and questioning whether Schwartz argued that suppressing XRP’s price through Ripple’s own selling activity was a benefit to holders. Schwartz doubled down, criticizing the comment and insisting that a constant factor already priced into the market affects buyers and sellers equally. He said that anyone who purchased XRP benefited from low entry prices just as much as they might be affected on the way out.

LINK trading at $9 on the 1D chart | Source: LINKUSDT on Tradingview.com

Пов'язані питання

QAccording to Zach Rynes, why is LINK a better institutional investment than XRP?

AZach Rynes argues that LINK is a structurally cleaner investment because it has no equity investors competing for value, all network growth focuses on the native token, and it has dominant market share in DeFi with major institutional partnerships, unlike XRP which he claims is a 'ghost chain' and a 'bank-themed meme coin' sold to fund corporate acquisitions.

QWhat specific criticism did Rynes level against Ripple's financial practices?

ARynes criticized Ripple for selling XRP and using the proceeds to acquire companies and fund stock buybacks that only benefit equity shareholders, while openly prioritizing them over XRP token investors.

QHow did Ripple's former CTO, David Schwartz, respond to the claims about Ripple's XRP sales?

ADavid Schwartz argued that Ripple's consistent and predictable XRP selling over five years created sustained downward price pressure, which he claimed actually benefited buyers by allowing them to accumulate tokens at lower prices than they would have otherwise paid.

QWhat did Rynes cite as evidence of Chainlink's tangible adoption and institutional use?

ARynes cited Chainlink's more than 70% market share in DeFi with $60 billion in secured TVL, alongside institutional partnerships with major entities like SWIFT, the DTCC, Euroclear, and JPMorgan.

QWhat did Rynes claim about the XRP Ledger's (XRPL) usage and market position?

ARynes dismissed the XRP Ledger as an 'obsolete ghost chain' sitting outside the top 40 chains by usage, holding less than 1% market share in real-world assets and less than 0.01% in stablecoins.

Пов'язані матеріали

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

marsbit1 год тому

The Value Distribution of Stablecoins

marsbit1 год тому

The Value Distribution of Stablecoins

The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

链捕手1 год тому

The Value Distribution of Stablecoins

链捕手1 год тому

How to Do Research Well: Deliberately Practice the Real Skills That Matter

No one truly teaches you how to do research. You're often given a desk, a pre-selected problem, and vague instructions to "create something new." Consequently, many people reverse-engineer the job based on visible outputs—papers, posts, announcements—learning only how to *appear* like a researcher rather than how to *become* one. True research capability is built from stacking small, trainable skills, nearly all of which can be developed through deliberate practice. **Pick Your Own Problem:** Most researchers absorb problems from advisors or trends, lacking the underlying reasoning. Choosing a problem you genuinely care about, as John Schulman advises, leads to original work. Develop "taste" like a muscle: predict experiment outcomes, guess paper results from methods, and track which findings remain important over time. **Upgrade Your Inputs:** Relying on shared reading lists (arXiv hot lists, filtered group chats) leads to unoriginal conclusions. Undervalued old literature often holds crucial insights (e.g., MoE, LSTM, backpropagation). Richard Sutton's "The Bitter Lesson" or Claude Shannon's 1952 talk on creative thinking are more predictive than lengthy modern surveys. Breadth matters as much as depth: draw from neuroscience, mechanism design, hardware knowledge, and honest statistics. Read papers directly, especially appendices and limitations sections. **Write Everything Down:** As Paul Graham noted, writing exposes flaws in seemingly mature ideas. Writing is the cheapest defense against self-deception. Following Feynman's principle, Darwin programmatically wrote down facts contradicting his theory to combat memory bias. Maintain a detailed log of hypotheses, setups, predictions, results, and updated understandings. Reviewing past logs fosters essential humility.

marsbit3 год тому

How to Do Research Well: Deliberately Practice the Real Skills That Matter

marsbit3 год тому

Торгівля

Спот
Ф'ючерси

Популярні статті

Як купити LINK

Ласкаво просимо до HTX.com! Ми зробили покупку ChainLink (LINK) простою та зручною. Дотримуйтесь нашої покрокової інструкції, щоб розпочати свою криптовалютну подорож.Крок 1: Створіть обліковий запис на HTXВикористовуйте свою електронну пошту або номер телефону, щоб зареєструвати обліковий запис на HTX безплатно. Пройдіть безпроблемну реєстрацію й отримайте доступ до всіх функцій.ЗареєструватисьКрок 2: Перейдіть до розділу Купити крипту і виберіть спосіб оплатиКредитна/дебетова картка: використовуйте вашу картку Visa або Mastercard, щоб миттєво купити ChainLink (LINK).Баланс: використовуйте кошти з балансу вашого рахунку HTX для безперешкодної торгівлі.Треті особи: ми додали популярні способи оплати, такі як Google Pay та Apple Pay, щоб підвищити зручність.P2P: Торгуйте безпосередньо з іншими користувачами на HTX.Позабіржова торгівля (OTC): ми пропонуємо індивідуальні послуги та конкурентні обмінні курси для трейдерів.Крок 3: Зберігайте свої ChainLink (LINK)Після придбання ChainLink (LINK) збережіть його у своєму обліковому записі на HTX. Крім того, ви можете відправити його в інше місце за допомогою блокчейн-переказу або використовувати його для торгівлі іншими криптовалютами.Крок 4: Торгівля ChainLink (LINK)Легко торгуйте ChainLink (LINK) на спотовому ринку HTX. Просто увійдіть до свого облікового запису, виберіть торгову пару, укладайте угоди та спостерігайте за ними в режимі реального часу. Ми пропонуємо зручний досвід як для початківців, так і для досвідчених трейдерів.

1.1k переглядів усьогоОпубліковано 2024.12.13Оновлено 2026.06.02

Як купити LINK

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни LINK (LINK).

活动图片