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RE: How Steemit could learn from Ripple's funding strategy
I like the analogy in comparing Ripple lab with Steemit Inc, it's help understand how to evaluate these companies and their business model. This crypto sphere is a new can of beast and we need time, especially as investor to understand those valuations. So Ripple value is held mainly by Ripple Lab while Steem value is held by users with SteemPower.
Thanks @pnc! Ripple Labs is no longer, it's just Ripple (company rebranding). I felt the need to write this article because it was pretty clear to me that still most people involved in the crypto-scene think all crypto projects out there depend just on the value of a token.
But in reality there are entities either foundations (i.e. Ethereum, Stellar) or companies (Steemit Inc, Ripple) behind of many proyects to assure they are sustainable in time.
There was a time when Open Coin aka Ripple Labs aka Ripple was totally XRP dependant. I think Steemit Inc. is at that early stage, but could engage already in a founding round for the company as it has a working product to show (the steemit social network).
PS: I invited David Shwartz to read this article and maybe share his thoughts.