Blockchain to Banking with Brad Garlinghouse (Ripple) and Michael Arrington (Arrington XRP Capital) | Summary and Q&A

September 5, 2018
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Blockchain to Banking with Brad Garlinghouse (Ripple) and Michael Arrington (Arrington XRP Capital)

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In this video, CEO Brad discusses various topics related to Ripple and XRP. He addresses the criticism and misconceptions surrounding Ripple and its currency, XRP, and explains the company's approach to decentralized payment systems. Brad also talks about the challenges and opportunities in the cryptocurrency market, the role of regulations, and the future of blockchain technology.

Questions & Answers

Q: Why do crypto libertarians criticize Ripple and XRP?

Some crypto libertarians argue that Ripple's centralized nodes contradict the principles of decentralization. They believe that the concept of a highly scalable network built on a consensus ledger is inherently flawed.

Q: What is Ripple's response to the criticism?

Ripple takes a contrarian view and firmly believes that revolutionizing the way payments and transactions work requires a pragmatic approach. They acknowledge that existing infrastructure cannot be completely replaced, and therefore Ripple's technologies provide a bridge between traditional systems and innovative solutions.

Q: Is the XRP ledger more decentralized than the Bitcoin blockchain?

Brad argues that the XRP ledger is more decentralized than the Bitcoin blockchain, citing the fact that Ripple controls only 7% of the public nodes, whereas three miners in China control 50% of the Bitcoin blockchain nodes.

Q: Why did Brad choose XRP as the currency for Arrington xrp?

There are two reasons why Brad decided to use XRP for Arrington xrp. Firstly, Brad and Ripple Labs have a close relationship, and he wanted to support Ripple's technologies. Secondly, XRP is an ideal currency for hedge funds that need to move large amounts of money quickly and efficiently.

Q: How does Ripple's technology compare to existing cross-border payment systems?

Current cross-border payment systems, such as SWIFT, are slow and expensive. Ripple aims to improve this by offering a more efficient and cost-effective solution. By using Ripple's technologies, institutions can dramatically accelerate the nature of transactions and reduce the reliance on traditional banks.

Q: What is the issue with the price volatility of XRP?

The price of XRP has been subject to significant fluctuations, which can be concerning for potential users and investors. However, Brad emphasizes that the focus should be on the long-term utility and adoption of XRP, rather than short-term price movements.

Q: How does Ripple address the challenge of getting banks to use XRP?

Ripple acknowledges that it is a challenge to convince banks to use XRP as the currency. However, they are working on building networks and partnerships to showcase the benefits and value of XRP. Additionally, they are engaging with influencers and celebrities, such as Madonna and Ashton Kutcher, to increase awareness and adoption.

Q: How does Ripple's Spring project aim to attract developers?

Ripple's Spring project is designed to encourage developers to build on their platform and utilize XRP. They aim to provide resources, support, and incentives for developers to create innovative applications and solutions within the crypto space.

Q: Is XRP considered a security by the SEC?

Brad believes that XRP is not a security and argues that the facts support this claim. He points out that XRP and Ripple are separate entities, and owning XRP does not give individuals rights to the profits or ownership of Ripple. He acknowledges the potential risk and impact of the SEC's decision and hopes for regulatory clarity.

Q: How does Brad feel about the SEC's impact on the crypto industry?

Brad expresses frustration with the SEC's handling of regulations as it creates uncertainty and drives entrepreneurs to start businesses outside of the United States. He suggests that the SEC needs to get their act together and work towards providing regulatory clarity.


In this video, Brad addresses the criticism and misconceptions surrounding Ripple and XRP. He explains Ripple's approach to revolutionizing payment systems by bridging existing infrastructure with innovative technologies. Despite facing resistance from crypto libertarians, Brad defends the decentralized nature of the XRP ledger compared to the Bitcoin blockchain. He also emphasizes the long-term utility and adoption potential of XRP, despite short-term price volatility. Additionally, Brad highlights the importance of regulatory clarity from the SEC to foster innovation and development within the crypto industry.

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