Ripple - Enterprise Blockchain | Chris Larsen & Stefan Thomas | Talks at Google

Chris Larsen is the founder, former CEO and now Executive Chairman of Ripple labs; he is a serial entrepreneur and advocate for "the internet of value" and consumer financial privacy; he is a graduate of Stanford Business School, and founder of both E-loan mortgage lender and Prosper marketplace.
Stefan Thomas is the current CTO of Ripple, a member of the board of directors of the JS foundation, and the founder and CEO of Justmoon, WeUseCoins, and TxtBear. He was one of the original cypherpunks involved with bitcoin and is a world-renowned crypto and blockchain expert.
Ripple develops software that makes banking transactions easier and more efficient on the blockchain. XRP, Ripple's cryptocurrency, is (on the date of this publication) the world's third largest cryptocurrency with a current market cap of about 45 billion dollars. In this talk they discuss Ripple's focus on settlement infrastructure and their plan to create a longterm internet of value.
Moderated by Jesse Michels.

[@MHollywood5]

Nice. Google start using XRP in Google Pay!

[@thealigator4812]

Matt how do you know? they even tested xrapid with google pay?

[@minimaran]

It wouldn’t be a stretch. Since Google is an investor in Ripple it would make sense. But I havent heard any confirmation of this

[@ptmguitar]

It's not going to take long for this comment section to be overwhelmingly full of people who have absolutely no idea what they're talking about. Before you call this a "shitcoin" based on 30 seconds of "research" actually try to do the kind of work that everyone who has confidently left their investment in XRP has done. Actually doing some useful reading is always so helpful.

[@khOii]

Peter It’s no doubt a useful tool... It’s using blockchain technology, but thats not the problem. If you look at it purely as an investment then fine.. youll get gains no doubt.. but if you lose sight of why bitcoin was created you’re only giving power to the central banks blockchain was made to dethrone.. For example, investing in Nike might make you money but In the bigger picture you are passively supporting child labour. If you are supporting xrp you are supporting banks that can create money from thin air. Why does every country need to refer to the USD to gage the value of their currency? That sort of inequality just pisses me off. Look up how money works and why it’s the way it is. If after that you choose to ignore how absurd it is then that is also ok... no one expects you to be a moral hero but at least acknowledge the other side.

[@ltrodd]

+khOii Banks are not going away any time soon. For all the issues with current banking systems, they serve very important roles in economies that bring a lot of wealth to a lot of people. Yes there are probably better ways to do things and I love cryptos in general + look forward to disruptions in that industry... but viewing banks simply as evil empires is naive and unhelpful

[@ptmguitar]

khOii Ripple are talking about helping the poorest people in the world to be able to transfer money in extremely cheap ways that benefit them in this very video. The whole point of creating an asset that's extremely cheap and fast is to ensure it reaches the widest possible audience. Who wants to use Bitcoin and pay a 40 dollar fee just to send 50 dollars to someone else? It's just not logical. The world needs something like XRP. Maybe it needs something like Monero or Verge as well to keep the balance... and I'm OK with that, too.

[@yuggoof]

@khOii Your ideological nonsense has nothing to do with Bitcoin or XRP, quit projecting your ideals on great technology that solves real world problems, ILP isn't just for banks, it's the internet of value that is the real goal and you are obviously blind to it.

[@butcherben12]

Cmon be realistic , Bitcoin is barely 10 years old and you think its going overtake the banks? Like the Roths or all the old rich dudes are gonna let that happen? Yes BTC has the right idea , but crypto needs to prove itself to world first. Ever been laughed at telling someone that you buy BTC? Most of the population still thinks its a big scam and the fact that its creator is a shadow figure and could crash the whole thing if they ever sold all their BTC doesnt help convincing people that its not a scam. Crypto needs WIDESPREAD real world usage to convince people to invest , and I think XRP will do that! It may not be de-centralized or what not , but its a stepping stone. BTC's idea is great , but it needs alot of help to get there. BTC will always be the crypto gold , but not everyone accepts that or believes its even a real thing! XRP will show that crypto is real , it works , its not a scam and it can be a good investment. It will only make BTC that much more valuable and then maybe , definitely not in my lifetime , the FED and corrupt banking can be eliminated. But for now , I will support XRP.

[@simonwyss7084]

Brilliant people, together with great ideas, create our future! What's happening right now IS the creation and a fundamental transformation of our future. Of course future is constantly created by our actions of the present. But rarely we are able to witness great transformational leaps like this one. In a couple of years we will look back and be thankful for having been witnesses in this once-in-a-lifetime opportunity!

[@rCrypto_Frog4148]

@39:35 Omg, Chris Larsen dropped a bomb!! Damnnn such emotion there ahahahah

[@ralphraymond2017]

Super bright individuals (two more geniuses in the Fintech world) and I like the fact that they have real use cases that are working with current financial systems/old institutions. I have my core holdings in RIPPLE XRP!

[@김택훈-e4d]

Ok !

[@김택훈-e4d]

😍

[@MistaJones89]

Awesome! Thank you for this. Very informative.

[@mykkal777]

It also appears that they've revised the Codius website. A ton of more use cases in the pipeline! Ripple came up with smart contracts before Ethereum. It works better too,and the code is in JavaScript. Which is the same programming language that is driving the price on LISK coin,because of its ease for developers to work with.

[@deborahelizabeth6466]

I am from England where i work as a journalist until i met Expert Mrs Nora. Mrs Nora is legit and her method works like magic. I keep earning every single week with her new strategy.

[@KristenRoni7073]

Despite the lockdown I was able to earn $9000 while being home with the help of Mrs Nora, she is really a miracle worker thank you Mrs Nora

[@LeylaMcCalla01]

She is the best

[@danielmark1737]

Oh I'm interested how can I get in touch

[@danielmark1737]

@Kevin Jennifer thanks for the amazing recommendation it will help a lot

[@lisamary7272]

That is true Mrs Nora has been having a lot of featuresin and crypto and investors

[@Edopeno]

Quite informative! Thank you for posting up

[@Rob_Cash71]

"Endlessly scalable" 💯💯💯

[@user-ny4cm9mp4w]

W

[@babsico1]

There is one thing i’ve noticed the Ripple team always mention. Which is one of the advantages of XRP is how very cheap the token is compared to other assets. Which is worrying to me because, from my understanding, this implies that XRP was not designed to go up in value and the Ripple team has no incentive in seeing the price go up other then that they will benefit from their 55 billion holdings.

[@mrgusatvo]

I wish to be there and ask if XRP is a security. Looks like the answer will be no. Looks like Google agree with that and that's why the video still UP.

[@user-ny4cm9mp4w]

W

[@shadowdiamond1101]

#XRP 🔥🔥🔥

[@stuarth4296]

At 15:30 Larsen tells everyone Wall Street is in the market now and is swing trading...right after he downs day trading. This explains the dramatic swings in volume and buys and sells. I went back last year on CMC and the swings were no where near as dramatic. XRP has real world value and is working on decentralization. Interesting how the people that run the nodes are selected by the community using XRP, which is not completely different to NEO.

[@duttyman]

YUP, well said. BTW, imo, W.S. (Hedge fund sharks) officially entered the building on 1/12/17. They have been trying to move up from the lobby since 13/1/18.

[@stuarth4296]

You may be right...I think its mostly Family Houses right now and some unofficial WS hedge boys. But the big money is coming soon now that this market has been shaken clean by weak hands and Algo Bots that love to rapid fire dump.

[@culturegenerale518]

*It is an excellent talk. My french channel youtube is dedicated to Ripple XRP*

[@milezx]

Oh, some of you think you are a better judge than Google what's a good use case for cryptoassets?

[@minimaran]

Tony Kwan well people who hate on Ripple usually can’t spell for shit or form a logical argument, so I really don’t care what they say.

[@RLModerndayJoseph]

watching for the first time, i see why people are playing ignorant knowing for most ripplenet/xrp is what they've always wanted to not be shut out of the system that creates value, but that always goes to the folks at the top. so here u have tech that provides the average person the chance to benefit from the value being created and what they themselves create. it's not hard to understand..

[@typelogin]

When can I buy this on Coinbase?

[@DerekFolan]

Hopefully never, Ripple does not need Coinbase selling it at a loss everytime someone buys it...

[@HS-kd6pz]

You dont need coin base ... this will be exchanged in Robinhood with no fee

[@viral4life]

Try uphold

[@ltjusticekorang3955]

@@DerekFolan hopefully never everything has it own time

[@ltjusticekorang3955]

@@HS-kd6pz good

[@escarface]

36:43 is that regulation question. 39:33 is when Chris Larsen drops the mic!

[@NewWorldDAO]

Can you build a plugin for wordpress platform as a DAPP for Ripple?

[@NewWorldDAO]

How did that plugin change. A drawing into a website

[@asdadfafafafffallslsldd8068]

Excellent :)

[@brickinvesting]

wow, he def is going to be worth a massive amount in the future. Yeah I know he is a billionaire already haha.

[@김택훈-e4d]

Verry good !

[@eddalexander6030]

Nice jacket Stefan!

[@duckymcscrooge438]

What’s with the spiral notebook and pen? Ripple is a cutting edge tech company… Where is the iPad?

[@mildredsmith9177]

Why are we forgetting that all need for most modern technology started with P2P from the Horn of Africa over 40 years ago?

[@user-pb9ey2rh1f]

38:50

[@overbath]

It's over 9000

[@user-ny4cm9mp4w]

W

[@karlsruhekarlsruhe8812]

Bart simpson joke?

[@tommydstring4707]

Wen 🌙

[@mildredsmith9177]

Did we forget the contributions of modern technology from black people like Philip Emeagwali, Jessie Russell, Kenneth Simpson.and many more?

[@ugnuggets]

Sucks they are releasing so much.

[@bartholomew1768]

codius = Coreum

[@mr.wright7182]

wen mooon

[@user-ny4cm9mp4w]

W

[@mrrob633]

wew cool hair

[@vendoreprocurement]

to mr chris larsen a Ripple Labs (Executive Chairman), is it true to have an account on instagram "larsenchrisofficial", because I have been deceived by him, maybe many in this world have been fooled by him

[@626nandy]

Centralized shit coin

[@xrplazarus4842]

This interviewer only has one hand gesture, it's distracting me

[@spikey01234]

Neither of them seemed confident that xrp will be used as the main settlement medium on the ILP. Pretty disappointing...

[@dangreen6321]

35:30, 47:15 really? "Its the best thing to use"

[@spikey01234]

Based on their tone specifically, not very reassuring. There were a few moments during the interview i cringed. Like when he admitted he is an anarchist. Ouch.

[@spikey01234]

Hey time traveler, are you ok man? You really have to go that far out and ask me if im retarted? Your that offended by what i said. I was mearly putting my viewpoint on this talk, and for you to take such offense , and ask if im retarted is purely rude. I know allot about ripple the company and xrp the token. Just because someone questions something you believe in does not mean you should bash them. Show love and keep the hate to yourself.

[@imouhaha9968]

There is no doubt that Ripple labs is a super legit company founded and governed by very clever and visionary people. The idea behind the xrp token will most likely be successful in terms of its use cases when we take a look at all the partnership Ripple has managed to secure lately. However i don't think that xrp as an investment is a good idea for various reasons: First, it is already overpriced. With a 100 Billion max supply, a 1 dollar toek is expensive for what the xrapid project is consists in. Xrp is not a crypto-currency but a protocol made for financial institutions 's transactions to be cheaper and faster. Also, the fact that the founder/Directors/core developers owning 60% of the supply is super shady to me : it gives opportunity for price manipulations and it shows that the xrp price as we see it today is not what it should be if the (and when) the circulating supply was (will be) of 100 billion. A lot of hardcore decentralization defenders hate on xrp because it serves banks and is centralized since the consensus protocol is endorsed by private nodes and that the majority of the supply is owned by the members of the company. I think it is mostly a matter of point of vue on how the financial system should evolve, yet imo the xrp protocol is very well designed and most likely will found success among the financial institutions of the globe. To me, Ripple labs and the xrp protocol are legit and surely not scams but, as an investment, i don't think that xrp is the best idea and that it most probable the the xrp value will drop at some point than it skyrocketing to 4/5$.

[@simonmonty7171]

iMOUHAHA i invested in ripple and i definitely believe you're right. I just hope you're wrong lol but ya having billions of coins not in circulation gives Ripple the power to adjust the supply and demand to their needs and to make sure that there is always enough coins available to not have the price vary too much so that banks can be confident this currency won't cost them more any time soon.

[@thealigator4812]

I don't think you are very good informed, you know something but not the entire correct information: Ripple has included in escrow 55 billions of xrp which are released in circulation every month ( 1 billion based on some conditions such as this 1 billion is sold in bulk to banks or financial institutions , what remains unsold returns to escrow and the releasing term extends with another month..an average monthly release was 300 millions but in a recent transaction 2 billions were purchased by an institution for example and I think this escrow release rate will increase faster..google search more about ripple's escrow and releasing timeline and conditions )

[@imouhaha9968]

i wasn't aware of these facts, thank you for these precision, i'll look into it

[@minimaran]

Ciprian A the release rate will not increase. If the whole amount of 1 billion is sold the rest has to be purchased on the open market. There is another point people are overlooking. That XRP most likely would have different use cases than simply as a bridge currency between financial institutions. It fits way better than something like btc for p2p currency as well. Transaction speed, fees and scalability is on another level compared to btc. XRP is in a process of decentralize their validators as well. If it becomes the standard for digital assets we most likely look at $100 plus

[@thealigator4812]

Minimaran an alternative investment would be Credits ( credits.com ) 1 mil+ tps aiming to financial sector, IoT and adjacent markets

[@a2pabmb2]

Google! Stahp scamming yourself. XRP is neither a blockchain nor useful for enterprise.

[@Paperrcut10]

a2pabmb2 you have any reasoning behind that statement?

[@darren2209]

Ripple is building the railroad and laying down the tracks. The XRP Express Train is increasing its speed down the rail. Not useful for enterprise you say? docs.google.com/spreadsheets/d/1E1AcLBd_ykemoDAPwZsbl5f2wyrS7RhlAt94CrHXTAg/htmlview#gid=0

[@iwanherisetiadi9656]

Banks and other finance insititutions was very conservative and they dont like to take a risks. But the fact they belive with Ripple Network and the blockchain technology. I think that's a good sign and i belive google interest in Ripple just confirm thats too.

[@robby12320]

Boohoo, you sure seem to know more about blockchain technology than the guys over at google.

[@darren2209]

Is XRP Ledger a blockchain? (hint: yes) kzbin.info/www/bejne/nWO0ZY1-n72sfZY

[@sohambhatia]

embarrassing to see XRP be given this platform

[@toomaszobel]

Given? They created it...

[@gregenright1644]

Sad he cant tell the difference between Ripple and XRP

[@sohambhatia]

always good to see the bagholder in the house!

[@gregenright1644]

im a bagholder because you cant digest that the ILP is currency agnostic? don't be a dumbass lol

[@mykkal777]

As opposed to what,BTC? The US federal government,the very type of governmental institutions that BTC was supposedly created against,has been among the largest owner and seller of BTC. And they seem to have the means to confiscate BTC.It doesn't get more decentralized than that lol. And since it has failed to work as a cryprocurrency due to its limitations in functionality,we're being sold "Digital gold" and "Store of Value" BS. Satoshi Nakamoto must be pooping his pants somewhere. Banks and government aren't going anywhere any time soon. So all wannabe-anarchists should go join biker gangs,the Amish, or form a commune - complete with home schools. That will really stick it to The Man.

[@626nandy]

Shit coin by elite!!!!!!!

[@Paperrcut10]

Asiatic Naga really? Explain...

[@ptmguitar]

Yeah, do explain...

[@nit3shift]

What I don’t understand is why people waste their time actually visiting these videos and ridiculing others for their investment decisions. People who who invest in Ripple don’t go to to other forums and start insulting them. They care about their investment and that’s it!

[@Paperrcut10]

nit3shift it’s because they feel threatened that’s all. It’s their natural reaction. While us XRP investors are confident and secure.

[@jb3036]

Asiatic Naga hahahah sure you are a bitcoin miner moron

[@626nandy]

Shit coin!!!!!!!