Discussion on Cryptocurrency and XRP

I think that, um, a lot of people shift to,

to crypto due to the

fact that government's printing a lot of money.

The, the currency loses its value.

And with Bitcoin, Ethereum, that's not the case because

nobody control it. Um, XRP, to my understanding,

it does, uh, hold by a, an entity and

group of individuals. You happen to be one of the main

figures. Doesn't this hurt the very essential of

the

advantages of crypto that it can be printed

and it can be controlled

by a centralized entity?

Do you know what the acrony- the acronym D-Y-O-R means?

D- do your own research.

That, what, what you ... Like, one of the frustrating things about crypto

is, uh,

in part because there's money involved, is it's not just misinformation,

it's disinformation. You have, like, people with bad intent, they, they're

intending to spread ... So look, XRP, the XRP ledger

is open source, decentralized. Ripple controls

2% of the validators on the XRP ledger.

We own a lot of the XRP, but it's not a proof of stake blockchain,

so ownership of XRP does nothing for the governance.

It's, it use a technology called Consensus to

determine whether or not a

transaction goes through, and it uses validators.

Ripple controls 2% of the validators.

The nine- 98% are controlled by, you know,

maybe somebody in this room. Like, it's, it's very decentralized.

Uh, so like the, the, the idea that

Ripple controls XRP is just ... I mean, frankly,

it's part of the reason why we had

a, a US government court case, and we had to prove that that isn't true.

And by the way, just to the Amsterdam question back there,

I was

gonna give this. And as a proof point on this, and this

is a, a kind of a sad

story, uh, about 18 months ago, the

founder of Ripple was hacked.

$150 million of XRP was stolen.

Now, if we control XRP, wouldn't we fix that?

It's gone.

The guy lost $150 million of crypto.

Uh, now, and to, you know, some of it was recovered because of centralized

exchanges that were frozen and we worked with the FBI, blah, blah,

blah.

But anyway, I'm, I'm using that example which

is kind of the woman's point in the

back about, uh, the, the Amsterdam example,

but I'm using it to prove the point.

Th- this, this,

this comment in the, uh, kind of on Twitter you read that, like,

XRP's centralized. It's just bullshit. Like, it's just fundamentally not true.

I, I, I stopped commenting and responding to those people because

it's like it's

not worth my energy