Ripple

“When you compare even our, you know, call it 42, like total raised, that is a fraction of what our competitors had raised. Whether or not it's Super Creamer or Ripple or Calafia, it takes a lot of money to go into the grocery store.”

“Yeah, and it really handcuffs the SEC. What are they going to do about Coinbase and every other exchange? I mean, if they're not selling securities, I think Coinbase and everybody else has always maintained they're selling tokens. This was the fulcrum argument…”

“I think that's what's going to happen now. If ripple wins this, or, you know, if this ripple thing does work out appeals, whatever, then the standard operating procedure is fighting, no settlements.”

“In Ripple, those guys became billionaires before banks ever used their product, which is like a really fucked up incentive, and which is why sometimes shit doesn't actually get built in crypto, because hey, I already got the millions. I could just run away. I …”

“So he went to some very, very wealthy people and he got about fifty million dollars lined up to do this hostile takeover. And he was like, he needed it to be like two hundred million.”

“Axios writes the story ahead of time. He says, hey, there's somebody planning a hostile takeover XRP, and here's how it's going to work. And XRP, the Ripple team obviously sees this and they're like, okay, just in case they, so they sold some amount of their R…”

“Even actually the biggest contributor to Chesa right now is a guy who's under SEC indictment for the Ripple scandal.”

“So they are licensing our technology, and then another company called SBI Remit in Japan is also licensing our technology. So they've come together and they've created a partnership where people in Japan, there's about 45,000 Thai people that are living in Jap…”

“When you have these sort of huge public shared ledgers it's very difficult to make changes, and also it's very difficult to serve the huge diversity of use cases between different users.”

“We think the real challenge and the real interesting technology is going to be in the interoperability between all these systems. And again, not just blockchain, but also central ledgers, because sometimes that's the best solution.”

“If you have a 144 use cases, you might as well have zero. It's very difficult to actually achieve any traction in any of them create any network effects and so on.”

“There's usually a flat fee component and a percentage component.”

“So we raised ninety four million dollars through sort of VC funding. And then we also sell some of the digital asset XRP.”