Ripple

“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 …”

“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…”

“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.”