Ripple CTO David “Joelkatz” Schwartz has responded to various questions on social media about his involvement in Evan “All the Money” Schwartz. The user “DegXrpholder” wondered if the two had a relationship. Schwartz pointed out that they are not related, just because they have the same last name. However, he acknowledged that there is still an Evan connected to Interledger who is a member of his family.
The discussion then shifted to the current functioning of Interledger. Schwartz stated that the protocol was possibly too advanced for its time. He added that being too early can sometimes be as bad as being late. According to him, the team made a number of strategic errors, although he noticed that they were not significant enough to seriously influence the long -term potential of the project.
I think Interledger his time was way too far for. Being too early can be as bad as being too late. They also made IMO some strategic mistakes, but I am not sure if that would have made a lot of difference.
– David ‘Jeelkatz’ Schwartz (@joelkatz) 8 June 2025
Schwartz reflects on the early challenges of Interledger and future potential
The user asked if Interledger had achieved his original objectives and Schwartz gave an honest answer. He noted that the protocol was still not working at its full strength. In his opinion, the first goals may have gone beyond what could have been achieved.
Schwartz’s observation about the hard start for Interledger is in line with the lively discussions about the creation of blockchain technology at the right time. He noted that early adoption can delay the success of a project. Timing problems have been a major problem for many projects, including Interledger.
Tether’s $ 1b Minting calls on the debate about the price influence of Bitcoin
Nevertheless, look monchain discovered that Tether hit another $ 1 billion in USDT on the Tron Blockchain. This follows Tether’s Minting of $ 2 billion in USDT on 21 May. Shortly after Bitcoin’s prize was beaten in Stablecoins, the price of Bitcoin jumped to more than $ 111,000. These comments led to new discussions about how the issue of Stablecoins can influence the price of Bitcoin.
Source: X
The increase in Tether Minting has renewed the debate among analysts on how such actions can influence broader cryptom markets. Although some claim that it supports price growth in assets such as Bitcoin, others remain skeptical about the long -term effects.
Related: Paolo Ardoino Details Tether’s ‘Perfect’ Bitcoin strategy, $ 2 billion Mining Push
Schwartz describes the struggles that are confronted during the early development of Interledger and how they apply to the blockchain industry as a whole. On the other hand, Tether’s decisions show the significant impact of stablecoins on trends in the cryptocurrency market. Both events point to continuous changes in cryptocurrency that can play a role in determining the future.
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Credit : cryptonews.net
