Stefan Thomas

Founder & CEO, Coil · 1 appearance on the record.

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Stefan Thomas is the former Chief Technology Officer of Ripple and co-creator of the Interledger Protocol, having earlier created BitcoinJS and the viral 2011 explainer video What is Bitcoin?. After founding the web monetization platform Coil, he also attracted global media attention for losing the password to an IronKey encrypted drive holding 7,002 Bitcoin.

9statements → 2claims → 2claims resolved → 3.78/5average certainty → 2.44/5average debate potential →

0 supported 1 partly supported 1 contradicted how the 2 claims stand · each chip opens the sources

2 assertions · 2 opinions · 3 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 2 are resolved. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Stefan argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable contradicted claim

Assertion Contradicted

Thomas: Corporate Cross-Border Payments Suffer 6% to 10% Failure Rates

“Today, when you, let's say you're corporate, right, so let's say you're, you know, Samsung, and you're trying to make a payment you know, you will have failure rates on the order of, you know, six to 10%, just from, you know, wrong details for the recipient, s…”

Stefan Thomas Nov 7, 2017 ▶ 14:31 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Stefan Thomas on measured tape to publish a rate. This says nothing about how they speak.

What they said9 Episodes1

Everything Stefan Thomas said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

Thomas: Ripple raised $94M in VC funding and sells XRP

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

Stefan Thomas Nov 7, 2017 ▶ 16:36 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Opinion

Thomas: Many Crypto Coins May Just Be Ways to Raise 'Dumb Money'

“I think with a lot of these coins that we're seeing, you know, that question is a little bit dubious, and so I think you really have to look at each individual instance and really understand, you know, why are they using the technology, and how is it benefitin…”

Stefan Thomas Nov 7, 2017 ▶ 4:02 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Insight

Thomas: Ledger interoperability does not alter individual ledger compliance enforcement

“Interoperability is, is, you know, doesn't affect how your compliance works, right? So the fact that you can interact with other ledgers doesn't change how your particular ledger enforces compliance.”

Stefan Thomas Nov 7, 2017 ▶ 6:02 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Assertion Partly supported

Thomas: SCB and SBI Remit use Ripple to cut remittance costs by 90%

“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…”

Stefan Thomas Nov 7, 2017 ▶ 10:30 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Insight

Thomas: Monolithic public blockchains cannot efficiently serve diverse use cases

“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.”

Stefan Thomas Nov 7, 2017 ▶ 11:31 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Insight

Thomas: Pursuing 100+ Blockchain Use Cases Destroys Network Effects

“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.”

Stefan Thomas Nov 7, 2017 ▶ 13:14 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Opinion

Thomas: The core challenge in fintech is interoperability across blockchains and central ledgers

“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.”

Stefan Thomas Nov 7, 2017 ▶ 12:24 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Assertion Contradicted

Thomas: Corporate Cross-Border Payments Suffer 6% to 10% Failure Rates

Stefan Thomas Nov 7, 2017 ▶ 14:31 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Disclosure

Thomas: Ripple software fees combine flat and percentage components

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

Stefan Thomas Nov 7, 2017 ▶ 16:11 836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments

Appearances (1)

Episode	Date	Speaking time
836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments	Nov 7, 2017	14m

Stefan Thomas

The record, in short

Their most notable contradicted claim

How they sound: not measured why? →

Appearances (1)

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