Changpeng Zhao, Justin Sun and Brad Garlinghouse are no doubt respected icons in the blockchain industry. Above many CEO or creators in the industry, the three musketeers are known for spending whoppingly to initiating partnerships and other developments for their projects as well as developing or acquiring new projects.
However, this has so far created diverse perceptions in the crypto space. Many flagged them as being extravagant in their spending, while some accused them of attempting to decentralize the cryptocurrency space with their funds.
The CEO of TRON, Justin Sun and Binance founder, Changpeng Zhao, were mostly attacked for using huge funds to initiate partnerships, acquisitions and other things to benefit their projects with the aim of centralizing the ecosystem.
Likewise, Brad Garlinghouse, the CEO and founder of Ripple blockchain, has been bad-mouthed for sealing partnerships and dumping XRP price on the market for personal benefits majorly, with claims that XRP is a centralized project.
Nevertheless, Ryan Selkis, the CEO of Messary Crypto, a research platform that claims to offer crypto investors reliable data and market intelligence, seems to have his say on their spending.
While Selkis did not debunk some of the claims made by crypto enthusiasts, the crypto aficionado, however, said the three blockchain images are fairer in terms of seigniorage spending. He added that if the truth is told, we much agree that they are more reasonable with their spending when compared to some others.
“If we’re being honest: CZ, Justin Sun, and Brad Garlichouse [sic] are much better at seigniorage spending,” Selkis said.
A few days back, CZ Binance acquired Coinmarketcap, including the crypto rankings and price charts platform as part of the Binance family. While the acquisition rumor roared before the official declaration, criticism trailed around the crypto space that it is yet another attempt at centralizing the industry.
Skeptics said Binance already had another top platform under its sovereignty to put the control of the industry in its hands. Although, CoinMarketCap tried to rebut such prejudice thought assuring the crypto community that Binance will not have influence over its activities.
Also, Justin Sun’s acquisition of the most important platform on Steem network, Steemit, also caused faceoff between existing developers on the network and CEO Sun. The developer alleged that Justin Sun was trying to take over the platform completely.
Brad was also not left out of this. Some XRP lovers and critics do say the project is centralized and developed to benefit the founders. Other claims are that Ripple is selling XRP to investors and partners to benefit the company owners not minding what the effect is on other investors.