Absolutely love these!! I've watched your entire journey into crypto & no question, you are adding a tremendous amount of value to the space and to the world in general by the great people you bring on, great convos & insightful questions you ask, your preparation, & how you package & distribute it all. The reason you started RV is shining through, especially in making the crypto coverage free, you remain true to the mission of RV & that is a fantastic thing to see!!
Outstanding educational content. "The smart people have been quietly building a parallel financial system". Absolutely. The infrastructure is vast and hopeful for the future. ETH, ADA, ZIL, AAVE.
Interoperability!!! About time! I'm glad you got the Bitcoin maxi's out of your ear for a while, and had time for a well informed and interesting conversation. Thanks Raoul!
Santiago gets it. The future of digital money is BTC + ETH + Stablecoins + CBDCs + other innovative coins & tokens. It's not this vs that. It's going to a huge ecosystem with multiple players competing with each other and winners concentrating over a very specific use case. Ethereum is still going to be the second biggest coin in the next 10 years.
Thank you both Raoul & Santiago for sharing your knowledge. For me this is the best interview of the year 2020 beautifully explained about the blockchain, ecosystems and the future ahead.. just brill..👍🏾
35:00 he’s talking about ripple protocol with multi hop and path finding algorithms. Also he’s mentioned internet of value and level playing field which is the same dialogue that ripple/XRP ecosystem is well aware of. XRP will become the most liquid asset that sits between all other forms of values. The “technology” that he refers to also includes Ripple developed Interledger protocol (ILP) which is analogous to TCP/IP (internet of data). ILP was adopted by the W3C consortium. You will read this and not have the mental framework to appreciate what I’ve said. But those open enough to dig further will find that the XRP ledger will be the base layer to settle all transactions as it can be done most efficiently through the XRP asset.
The Ripple protocol itself (does not have multi-hop / path finding), in reference to the XRPL it's an enclosed ecosystem with respect to other blockchains / networks. You are correct that one standard being proposed is that by W3C and that it's Interledger Protocol (ILP), but that's not the only standard being build, although the simplest in the payments framework. There are others. For the record, Interledger was developed by a consortium of people but with funding from Ripple.
@@ashw9311 Yes absolutely. It's critical to note that Ripple was forward thinking enough as a corporation to realize that solving the multi-party payments problem for the Internet of Value required a currency agnostic protocol analogous to TCP/IP. This means that ILP is inherently capable of transferring any value packets that connectors / gateways are willing to facilitate. Evan and Stefan originally designed it to work with Bitcoin but the interest was low because of the high friction / fee structure that made micro / streaming payments non-scalable. The conclusion is that on the Internet of Value certain Layer 1 performance characteristics carry a premium, such as fast settlement times and low transaction fees. I hope that provides some historical context. For the record, Vitalik Buterin founder of Ethereum, used to study under Stefan at Ripple before inventing Ethereum!
@@velez612able Routing payments divisible into packets of value is simply beautiful. Santiago, have you heard of xPool? There was a patent uncovered a few years back that proposed the automated pooling of any form of value from all parties by splitting payments into “sub-transfers”... ultimately creating a pool of “infinite” liquidity as each counterparty does not need to trade directly with another. Also, back to ILP.. if ILP becomes globally accepted as the standard protocol for value networks to exchange, do you see any technical obstacles for each network to integrate with ILP? Or is it simply a plug and play with APIs? Thanks and nice to hear your responses
The Gordon Brown headline in the genesis block was primarily a timestamp proof that it wasn't pre-mined. Satoshi wasn't necessarily a Mises/Austrian subscriber. A lot has been projected onto him from that headline.
I love this channel but i sure do wish you guys had better audio quality !! This information is so important, you could fix the audio easily ! I bet you would 10x your followers also if the production quality was just a step higher.
As intelligent as you are Raoul, you retain enough humility to fuel your thirst for learning. That's admirable. I'm glad this led you to Santiago and his insight into the end game which will be interoperability. Looking forward to seeing the Real Vision journey unfold and how you'll bring the masses to the end game one step at a time.
Fantastic info. You tube is a great University of knowledge, l listen to Real vision and many others whilst driving and even relaxing. Books are great but in a digital video world connecting face to face is my preferred platform
@@patforbes22 He doesn't get that the "banks" are not a monolithic entity and that there are different tiers. The Tier 1 banks are the enemy by utilizing their corresponding relationships around the world as a grip on dollar hegemony and power. As Well Fargo or JP Morgan how they feel about XRP and they'll be the frist to criticize it because it's contrary to their interests. "Bankers Coin" people are the same that are welcoming Bitcoin ETFs because they have bags. Hate to generalize, but there it is.
Love the show .You really need to talk to Andreas Antonopoulos. This guy can speak your language and Bitcoin language and make it all make sense He is amazing. You won't regret it.
Has Raoul never spoken to Andreas? Thats weird, Andreas is the number one person to talk to not just about bitcoin ideology and reason behind its existence but he wrote the book on bitcoin from a technical and operational perspective.
He was the first person to introduce many to Bitcoin & absolutely deserves a spot on the show. A conversation with Andreas and Raoul is a must! Very strange it hasn't happened yet. Raoul, have you reached out to him yet? Wondering if the hold up falls on his end. I can't imagine you and your team haven't already reached out!
A few of the best books on money. Felix Martin, Money: The Unauthorised Biography. Stephen Zarlenga, The Lost Science Of Money: The Mythology Of Money, the Story of Power. David Graeber, Debt: The First 5,000 Years.
I think a discussion of the impact on national currencies would have improved the discussion. Also, the disintermediation would seem to impact the USA the worst due to the SWIFT system that they have weaponized and used to ostracize and punish countries. Ending SWIFT will change a lot of relationships and global power equilibria.
100% agree. I didn't want to get into the challenge to the $ as the world's reserve currency but that ultimately is the implication of this narrative. Follow me on Twitter and you'll see the case I made along exactly this line.
In the old days we called it "utility" not "value". It's like the economics person who interacts with a finance person and microeconomics terms become financial terms. It seems the vocabulary continues to expand as the engineers join the discussion. Maybe this is how all the different ecosystems will interact, adding "value" to the future!
The interesting thing about digital assets is that they have a component of utility, like a moving part or a tool, while also being able to store value via consensus in a decentralized manner. So that answer is that the terminology is showing it's anachronism to the change in technology. This is a blending of asset classes and conceptual frameworks around how humans value and use abstractions. I'm glad you pointed this out.
@@MF-en1wg Understood. What I'm saying is that for digital assets utility is now synonymous with both price (as it relates to another asset) and value (as it relates to it's functionality as a product). This is something that has never existed before.
@@motley331 Perhaps work isn't the end goal for humanity, maybe it's exploring our universe (both on earth and outside) and healing our relationships. There is more to life than earning money to make ends meat but somehow everyone's been convinced that's all there is. I certainly hope not.
The underlying layer for interoperability is Quant $QNT 👍🏻 thanks again Santiago for the great interview with Gilbert Verdian! Thanks gents for this really insightful talk!
I think it's interesting how much time is spent discussing the interoperable layer that makes the transfers of digital values so fundamentally essential between trustless parties without once mentioning the elephant in the room - Ripple, its agnostic interledger protocol and XRP. The Chunnel our host refers to is being built by Ripple. And the discussion is yet largely surrounding the accommodations on the various trains like bitcoin and ethereum that will run on, and could never run at all in any meaningful way but for the rails Ripple has built. Fascinating. A nice tread in the deep end of the pool though. Great discussion.
That which shall not be spoken of... In all seriousness, interoperability will run on many rails I simply chose to expose the audience to once simple scenario that is Interledger. There are others and I believe they will all have to play a role on a level playing field for the world to realize the benefits of the Internet of Value. Thank you for watching!
@@velez612able Thanks for the reply. Truly there will be a host of other interoperable rails in the emerging IOV. They're being born even as we speak. Your fluency teasing apart the various aspects of this space are an order of magnitude beyond what I'd be capable of and serve to open up new pathways in my thought process. For a person of moderate intelligence, and I lay claim to being nothing beyond that, intellectually negotiating the tip of this iceberg accurately is a task of daunting complexity. Your mind's ability to articulate the topography of the "great reset" is of incredible value to me as a passive investor and I thank you for the perspectives you shared in this interview. The thing about investing is you can never know just how early you actually are. I forget the quote, exactly, but it was Kafka who said something to the effect that if you're right, all you need do is sit. Eventually the world will have no choice but to roll at your feet. He didn't speak to the incredible challenge of the quality of patience. Take care of yourself and I wish you the very best.
I was thinking the same thing. I've seen several of his videos where they talk bout interoperability but never xrp or if so its brief. If david Schwartz was on here, maybe he'd understand better
29:00 You can store it in the eco system of gold though. I think the issue is becoming these assets trying to become currency when they can be used as other utilities. It is not stable enough to be a currency. As money, by the way you explained it, its like reinventing the wheel. You can opt out of the system with precious metals.
@@luffebassen Are you saying the guy in this interview is being fooled into believing Ripple is Bitconnect 2.0? Maybe Raoul shoud be interviewing you bro.
Great discussion as always. Santiago is talking about ILP (Interledger Protocol) when referring to the underlying protocol connecting various ledgers using pathfinding and connectors. Coil is built on top of ILP.
Crypto is money whose value depends on the time of when it is used in transaction. This time varying value can be frozen at any moment in time by exchanging your crypto into stable coins. This is why governments are so opposed to stable coins. If you transact into stable coins near the A.T.H. of a coin you can buy back into that coin as it dips significantly in price. The extra coins you gain can shift you demographically. This shift is feared by governments, so watch how attitudes to stable coins change.
Agreed. CBDCs are the response to rehypothecated stable coins. Many don't have proof of reserves, but many are collateralized by an auditable digital asset that is the native token to a blockchain. Long battle ahead with lots of complexity.
Raoul, that is the most insightful piece of media that I've seen in at least 20-30 years. Thank you so much for hosting it and bringing Santiago to my attention. I see that it was aired through your subscription months ago, and this one vid shows me the stunning, glaring value to be obtained by signing up. Looking towards the future will never be the same for me ever again.
Excellent vid...thanks for expanding the education of the coming crypto space. Watched BBC Ascent of Money...well done. Can relate to much of it. Interesting PBS has blocked 2 of the vids in the series here in US for copyright reasons...?
Great interview/ conversation real vision :) Would be incredible if you could talk to Charles Hoskinson (founder of ETH & ADA) about his view of the future ! :) He's always up for interviews :)
In his points on monetary history and barter he needs to make the distinction between gold as a monetary medium and government fiat currency which is different and very important
People forget that THETA will be offloading bandwidth in consensus mechanism. Best tokenomics I've seen where the utility actually brings us forward by saving CDN costs for large companies and providing value for users. Real vision should interview Mitch liu and jieyi ! Read the paper on his multi BFT consensus well worth it
I totally agree, and I believe it might be a Etherium killer as it is written in the same language and has also addressed use case in a better, cheaper way. Open to opinion on this?
Yes , as ethereum slowly falls away , all tokens on the ethereum network can be transferred over to the theta network seamlessly. First project I've seen with actual utility saving companies up to 80% of their bandwidth/CDN costs. It's a game changer for twitch/netflix business model
XRP will perform the best in the end IMO. XRP will replace Swift and was designed to move 10,000 USD per coin. Bitcoin is the oldest and first rarely is best especially in tech. XRP is faster, magnitudes more efficient with lower energy costs, safe/secure and is openly solving a real world issue. It also is open in its exchange meaning you can turn XRP into any other physical or digital currency. Bitcoin at best is a store of value but is not practical in day to day needs. XRP answers all of those issues.
Digitized sure but still based on real assets. I think one thing you miss about crypto is it can be created up to infinity. Block chains can be created ad infinitum. Sure some will be more popular than others, and individually they are finite, but the collective is fiat.
If you are referring to a currency agnostic protocol, like Interledger, it is not counter to decentralization. It's like saying that everyone that uses TCP/IP for the Internet of Information is centralized, which is obviously not a true statement. No one controls TCP/IP for their own benefit, it's a common standard everyone uses to exchange packets of information, along with BGP routing. The same will be true for value, a level playing field of standards that forms the basis for interoperability.
It's not a zero sum game, we'll have Bitcoin, we'll have enterprise blockchains, we'll have many experiments and many failures. Oh, and we'll have plenty of centralization that remains. The difference is that now we will have choice.
Agreed. The inflationary aspects of fiat don't go away, most of it is already digital. The difference is that CBDCs allow for direct monetary stimulus by the central banks to citizenry, and Treasury policy (taxation / spending) for fiscal. Look how hard it was for the Treasury to send people checks during the pandemic, that's ridiculous in 2020.
People can launch blockchain or DLTs that require distributed computation to arrive at consensus. This computation has to be provided by someone, and someone has to pay for it. Normally a network bootstraps value via owners of an underlying digital asset, like Bitcoin, which is redeemable for some other form of value, like fiat $ or eurors. This pays the bills. Hence incentivized compute.
It blows my mind videos like this are released completely for free. Thank you Real Vision for bringing such value and insight to the common person.
Absolutely love these!! I've watched your entire journey into crypto & no question, you are adding a tremendous amount of value to the space and to the world in general by the great people you bring on, great convos & insightful questions you ask, your preparation, & how you package & distribute it all. The reason you started RV is shining through, especially in making the crypto coverage free, you remain true to the mission of RV & that is a fantastic thing to see!!
Real Vision now my favourite TH-cam channel.. watching from the small island of Tonga 🇹🇴
How are things down in Tonga?
@@shawnkalin9337 The internet could always be better, but it is a lot better now than it used to be
Outstanding educational content. "The smart people have been quietly building a parallel financial system". Absolutely. The infrastructure is vast and hopeful for the future. ETH, ADA, ZIL, AAVE.
Interoperability!!!
About time!
I'm glad you got the Bitcoin maxi's out of your ear for a while, and had time for a well informed and interesting conversation.
Thanks Raoul!
This episode continues to be the most profound in understanding where the world is going. Simply brilliant
Thank you RV. This is the guest the world needs.
This is a really beautiful conversation and explanation of this amazing rabbit hole we’re all in now! Thank you so much!!!!!
One of your best Raul. Thanks
Santiago gets it. The future of digital money is BTC + ETH + Stablecoins + CBDCs + other innovative coins & tokens. It's not this vs that. It's going to a huge ecosystem with multiple players competing with each other and winners concentrating over a very specific use case. Ethereum is still going to be the second biggest coin in the next 10 years.
Thank you both Raoul & Santiago for sharing your knowledge. For me this is the best interview of the year 2020 beautifully explained about the blockchain, ecosystems and the future ahead.. just brill..👍🏾
Love Cape Cod, and my favorite sunrise, Windmill Beach at the 1791 Judah Baker Windmill. I miss Anne Sealy! ❤️
35:00 he’s talking about ripple protocol with multi hop and path finding algorithms. Also he’s mentioned internet of value and level playing field which is the same dialogue that ripple/XRP ecosystem is well aware of. XRP will become the most liquid asset that sits between all other forms of values. The “technology” that he refers to also includes Ripple developed Interledger protocol (ILP) which is analogous to TCP/IP (internet of data). ILP was adopted by the W3C consortium.
You will read this and not have the mental framework to appreciate what I’ve said. But those open enough to dig further will find that the XRP ledger will be the base layer to settle all transactions as it can be done most efficiently through the XRP asset.
The Ripple protocol itself (does not have multi-hop / path finding), in reference to the XRPL it's an enclosed ecosystem with respect to other blockchains / networks. You are correct that one standard being proposed is that by W3C and that it's Interledger Protocol (ILP), but that's not the only standard being build, although the simplest in the payments framework. There are others. For the record, Interledger was developed by a consortium of people but with funding from Ripple.
@@velez612able appreciate your reply and clarifying some things. Noted. Was the ILP protocol not created by Evan and Stefan at Ripple?
@@ashw9311 Yes absolutely. It's critical to note that Ripple was forward thinking enough as a corporation to realize that solving the multi-party payments problem for the Internet of Value required a currency agnostic protocol analogous to TCP/IP. This means that ILP is inherently capable of transferring any value packets that connectors / gateways are willing to facilitate. Evan and Stefan originally designed it to work with Bitcoin but the interest was low because of the high friction / fee structure that made micro / streaming payments non-scalable. The conclusion is that on the Internet of Value certain Layer 1 performance characteristics carry a premium, such as fast settlement times and low transaction fees. I hope that provides some historical context. For the record, Vitalik Buterin founder of Ethereum, used to study under Stefan at Ripple before inventing Ethereum!
@@velez612able Routing payments divisible into packets of value is simply beautiful. Santiago, have you heard of xPool? There was a patent uncovered a few years back that proposed the automated pooling of any form of value from all parties by splitting payments into “sub-transfers”... ultimately creating a pool of “infinite” liquidity as each counterparty does not need to trade directly with another.
Also, back to ILP.. if ILP becomes globally accepted as the standard protocol for value networks to exchange, do you see any technical obstacles for each network to integrate with ILP? Or is it simply a plug and play with APIs?
Thanks and nice to hear your responses
Another great book about the history and meaning of money: "What Has Government Done to Our Money?", by Murray N. Rothbard.
Great Interview!
Very well articulated. No suprises he's an engineer
Great guest and conversation
Fascinating! what a truly interesting conversation this was.
Yeah and if you’re interested i met patricia and i have been yieldinf huge profits letting her trade for me, she is such an angel
The Gordon Brown headline in the genesis block was primarily a timestamp proof that it wasn't pre-mined. Satoshi wasn't necessarily a Mises/Austrian subscriber. A lot has been projected onto him from that headline.
I didn't know that, awesome!
That in video ad kind of got me off guard then, but I am definitely glad I saw it.
Quite a profound interview Raoul....thank you
I feel like I just had my ear to the keyhole of the door to the future.
Can I borrow your ears
Always great conversations on Real Vision
Great guest! Lots of value in this interview.
I love this channel but i sure do wish you guys had better audio quality !! This information is so important, you could fix the audio easily ! I bet you would 10x your followers also if the production quality was just a step higher.
As intelligent as you are Raoul, you retain enough humility to fuel your thirst for learning. That's admirable.
I'm glad this led you to Santiago and his insight into the end game which will be interoperability.
Looking forward to seeing the Real Vision journey unfold and how you'll bring the masses to the end game one step at a time.
Fantastic info. You tube is a great University of knowledge, l listen to Real vision and many others whilst driving and even relaxing. Books are great but in a digital video world connecting face to face is my preferred platform
This was great. Many thanks Raoul, Santiago and RVF!
Great guest, appreciated his perspective and depth of appreciation and knowledge of both technology and purpose.
0
Pp
Some us believe that XRP will settle transactions between all assets.
Another fiat Bankster scheme cloaked as crypto.
F it.
@@luffebassen Responding to all those replays in a such specific way is ' probably' a proof of working for those "fiat Banksters", isn't it?
@@patforbes22 Are you trying to turn things on its head now?
@@patforbes22 He doesn't get that the "banks" are not a monolithic entity and that there are different tiers. The Tier 1 banks are the enemy by utilizing their corresponding relationships around the world as a grip on dollar hegemony and power. As Well Fargo or JP Morgan how they feel about XRP and they'll be the frist to criticize it because it's contrary to their interests. "Bankers Coin" people are the same that are welcoming Bitcoin ETFs because they have bags. Hate to generalize, but there it is.
Mil gracias chicos - una charla iluminada
This and the other interview are everything right now.
Love the show .You really need to talk to Andreas Antonopoulos. This guy can speak your language and Bitcoin language and make it all make sense He is amazing. You won't regret it.
Has Raoul never spoken to Andreas? Thats weird, Andreas is the number one person to talk to not just about bitcoin ideology and reason behind its existence but he wrote the book on bitcoin from a technical and operational perspective.
He was the first person to introduce many to Bitcoin & absolutely deserves a spot on the show. A conversation with Andreas and Raoul is a must! Very strange it hasn't happened yet. Raoul, have you reached out to him yet? Wondering if the hold up falls on his end. I can't imagine you and your team haven't already reached out!
@@jesselivermore9285 - Raoul has mentioned reading his books a number of times on different shows.
Antonopolus is a narrow minded Bitcoin Maximalist....So short sighted...lol
@@simonplumber7154 Sir Simon, Andreas wrote the book "Mastering Etherium".
Great interview. Well explained and very insightful. I learnt a lot.
Great dialogue between two very smart people. I have learned a lot from Raoul and his guests.
Thanks Paul!
Awesome channel! Thanks!!
Great show as always
EXCELLENT!!!
Outstanding insights. Thanks guys.
One of the most amazing programs by Real Vision - very insightful and creative ideas shared by Santiago Velez.
Amazing as always!!!
Always enjoyable to watch your vids
Loved it. Cant believe u dont have more subscribers One of the best hidden gems out there. Rock on
I can believe it. The ad frequency is an utter joke.
This blew my mind.
Insane interview!
A few of the best books on money.
Felix Martin, Money: The Unauthorised Biography.
Stephen Zarlenga, The Lost Science Of Money: The Mythology Of Money, the Story of Power.
David Graeber, Debt: The First 5,000 Years.
Thank you! My man!
@@JeroenLichtenauer I'll definitely look for that one, thanks.
You guys are making such an amazing job. Thank you so much
I think a discussion of the impact on national currencies would have improved the discussion. Also, the disintermediation would seem to impact the USA the worst due to the SWIFT system that they have weaponized and used to ostracize and punish countries. Ending SWIFT will change a lot of relationships and global power equilibria.
100% agree. I didn't want to get into the challenge to the $ as the world's reserve currency but that ultimately is the implication of this narrative. Follow me on Twitter and you'll see the case I made along exactly this line.
i’m happy i’m learning and listening 🙏🏽 wholeness
Excellent, excellent, excellent. Very informative! Thank you!
Excellent informative interview, thank you both!
In the old days we called it "utility" not "value". It's like the economics person who interacts with a finance person and microeconomics terms become financial terms. It seems the vocabulary continues to expand as the engineers join the discussion. Maybe this is how all the different ecosystems will interact, adding "value" to the future!
The interesting thing about digital assets is that they have a component of utility, like a moving part or a tool, while also being able to store value via consensus in a decentralized manner. So that answer is that the terminology is showing it's anachronism to the change in technology. This is a blending of asset classes and conceptual frameworks around how humans value and use abstractions. I'm glad you pointed this out.
@@velez612able what he was saying is that in economics the term ‘utility’ meant the value one derives from a product
@@MF-en1wg Understood. What I'm saying is that for digital assets utility is now synonymous with both price (as it relates to another asset) and value (as it relates to it's functionality as a product). This is something that has never existed before.
Can't wait
Really? I Can. Have you thought of the job losses? Where will people work? How will they earn money?
@@motley331 UBI I guess. Being poor is hard, getting rich is hard. Choose your hard
You can't stop technology fren.
@@motley331 Perhaps work isn't the end goal for humanity, maybe it's exploring our universe (both on earth and outside) and healing our relationships. There is more to life than earning money to make ends meat but somehow everyone's been convinced that's all there is. I certainly hope not.
I want Dan Larimer on real vision. Talking on interoperability, and voting.
Fantastic interview. Very forward thinking from a realistic perspective.
Very cool to hear people are starting to see a future with multiple blockchains working together. The standard for blockchain interoperability is REN!
Amazing info!! Santiago is a genius
just a fly on the wall my friend!
The underlying layer for interoperability is Quant $QNT 👍🏻 thanks again Santiago for the great interview with Gilbert Verdian! Thanks gents for this really insightful talk!
One of many.
I think it's interesting how much time is spent discussing the interoperable layer that makes the transfers of digital values so fundamentally essential between trustless parties without once mentioning the elephant in the room - Ripple, its agnostic interledger protocol and XRP. The Chunnel our host refers to is being built by Ripple. And the discussion is yet largely surrounding the accommodations on the various trains like bitcoin and ethereum that will run on, and could never run at all in any meaningful way but for the rails Ripple has built. Fascinating. A nice tread in the deep end of the pool though. Great discussion.
That which shall not be spoken of... In all seriousness, interoperability will run on many rails I simply chose to expose the audience to once simple scenario that is Interledger. There are others and I believe they will all have to play a role on a level playing field for the world to realize the benefits of the Internet of Value. Thank you for watching!
@@velez612able Thanks for the reply. Truly there will be a host of other interoperable rails in the emerging IOV. They're being born even as we speak. Your fluency teasing apart the various aspects of this space are an order of magnitude beyond what I'd be capable of and serve to open up new pathways in my thought process. For a person of moderate intelligence, and I lay claim to being nothing beyond that, intellectually negotiating the tip of this iceberg accurately is a task of daunting complexity. Your mind's ability to articulate the topography of the "great reset" is of incredible value to me as a passive investor and I thank you for the perspectives you shared in this interview. The thing about investing is you can never know just how early you actually are. I forget the quote, exactly, but it was Kafka who said something to the effect that if you're right, all you need do is sit. Eventually the world will have no choice but to roll at your feet. He didn't speak to the incredible challenge of the quality of patience. Take care of yourself and I wish you the very best.
@@IPreferNot7354 Wow, incredible comment, thanks!
I was thinking the same thing. I've seen several of his videos where they talk bout interoperability but never xrp or if so its brief. If david Schwartz was on here, maybe he'd understand better
Thank you so much for giving us a broader perspective!
You're welcome.
29:00 You can store it in the eco system of gold though. I think the issue is becoming these assets trying to become currency when they can be used as other utilities. It is not stable enough to be a currency. As money, by the way you explained it, its like reinventing the wheel. You can opt out of the system with precious metals.
This guy fully understands Ripple. Most people in crypto don't.
Most don't care cuz they know it's Bitconnect 2.0
Another fiat Bankster scheme cloaked as crypto.
F it.
@@luffebassen Are you saying the guy in this interview is being fooled into believing Ripple is Bitconnect 2.0? Maybe Raoul shoud be interviewing you bro.
Great discussion as always. Santiago is talking about ILP (Interledger Protocol) when referring to the underlying protocol connecting various ledgers using pathfinding and connectors. Coil is built on top of ILP.
Awesome conversation. Worst possible commercial placement
Love this conversation, extremely educational, thank you both and also a shout out to The Digital Asset Investor channel.
i love this kind of video :D
Yet another RV Masterclass. Liquidated the stonks today, BTC awaits the credit...
awesome insights
Crypto is money whose value depends on the time of when it is used in transaction. This time varying value can be frozen at any moment in time by exchanging your crypto into stable coins. This is why governments are so opposed to stable coins. If you transact into stable coins near the A.T.H. of a coin you can buy back into that coin as it dips significantly in price. The extra coins you gain can shift you demographically. This shift is feared by governments, so watch how attitudes to stable coins change.
Agreed. CBDCs are the response to rehypothecated stable coins. Many don't have proof of reserves, but many are collateralized by an auditable digital asset that is the native token to a blockchain. Long battle ahead with lots of complexity.
Raoul, that is the most insightful piece of media that I've seen in at least 20-30 years.
Thank you so much for hosting it and bringing Santiago to my attention.
I see that it was aired through your subscription months ago, and this one vid shows me the stunning, glaring value to be obtained by signing up.
Looking towards the future will never be the same for me ever again.
Thanks for the kind words!
well, that was an exceptionally informative talk!
Spot on!
Excellent vid...thanks for expanding the education of the coming crypto space. Watched BBC Ascent of Money...well done. Can relate to much of it. Interesting PBS has blocked 2 of the vids in the series here in US for copyright reasons...?
Awesome 👏
Really like your videos!
Excellent interview but why are you suppressing the name of the real digital asset?
Great interview/ conversation real vision :) Would be incredible if you could talk to Charles Hoskinson (founder of ETH & ADA) about his view of the future ! :) He's always up for interviews :)
Charles would blow his mind!
@@cundraudeplazes5488 hahah agreed :D
This guy gets it!
54:45 sounds like XRP and Flare??
"You will own nothing. And you'll be happy!" - world economic forum
Translation- they’ll own it all and they’ll be happy
@@kickpublishing Retranslation .. they'll own it and you'll rent it from them
"Poverty Is Wealth" - INGSOC
Ownership requires Law and Law came from religion and Religion is a Myth!
@@finglisCave religion is an exoteric doctrine
Check the Consensus from Solana and Algorand
Raoul Pal needs to link the websites of all the jewelry that he rocks!
In his points on monetary history and barter he needs to make the distinction between gold as a monetary medium and government fiat currency which is different and very important
Awesome
Your guest speaker mentioned the company COIL for streaming content. They utilize XRP as the token for streaming payments
Anyone who didnt sell their xrp in 2017-18 when it was at its high of $3 is a bag holder. Its 24¢ now. It will never reach $3 again.
@@TOMinPDX lol ok
@@TOMinPDX Haha I meet bag holders on Twitter
Deluded bag holder lol.
Imagine holding XRP over bitcoin.
Excited about Bitcoin and decentraland
awesome talk, audio could be better
Many tks guys! re interoperability = Long live LINK!!! Decentralized = THETA!!!
Volume is low and deteriorates as video goes on... At one point he hits something that momentarily brings it up to where it should be.
People forget that THETA will be offloading bandwidth in consensus mechanism. Best tokenomics I've seen where the utility actually brings us forward by saving CDN costs for large companies and providing value for users. Real vision should interview Mitch liu and jieyi ! Read the paper on his multi BFT consensus well worth it
I totally agree, and I believe it might be a Etherium killer as it is written in the same language and has also addressed use case in a better, cheaper way. Open to opinion on this?
Yes , as ethereum slowly falls away , all tokens on the ethereum network can be transferred over to the theta network seamlessly. First project I've seen with actual utility saving companies up to 80% of their bandwidth/CDN costs. It's a game changer for twitch/netflix business model
XRP will perform the best in the end IMO. XRP will replace Swift and was designed to move 10,000 USD per coin. Bitcoin is the oldest and first rarely is best especially in tech. XRP is faster, magnitudes more efficient with lower energy costs, safe/secure and is openly solving a real world issue. It also is open in its exchange meaning you can turn XRP into any other physical or digital currency. Bitcoin at best is a store of value but is not practical in day to day needs. XRP answers all of those issues.
Digitized sure but still based on real assets. I think one thing you miss about crypto is it can be created up to infinity. Block chains can be created ad infinitum. Sure some will be more popular than others, and individually they are finite, but the collective is fiat.
how may ether are out there? not seem to find this information :)
Fantastic interview, everyday my small narrow mind grows bigger and broader learning about crypto.
ALL WILL BE DIGITIZED......ALL WILL BE CONTROLLED......ALL WILL OBEY......
Long Humanity 👍
I’m not sure maybe someone can explained this to me but, this center layer or exchange medium isn’t this counter intuitive to decentralization.
If you are referring to a currency agnostic protocol, like Interledger, it is not counter to decentralization. It's like saying that everyone that uses TCP/IP for the Internet of Information is centralized, which is obviously not a true statement. No one controls TCP/IP for their own benefit, it's a common standard everyone uses to exchange packets of information, along with BGP routing. The same will be true for value, a level playing field of standards that forms the basis for interoperability.
I would like to see a dialogue between someone for and someone against btc or blockchain technologies. I think both sides have legitimate points.
It's not a zero sum game, we'll have Bitcoin, we'll have enterprise blockchains, we'll have many experiments and many failures. Oh, and we'll have plenty of centralization that remains. The difference is that now we will have choice.
Peter schiff vs Erick voorhees .. it's on you tube
Digital fiat is still fiat regardless of whether it's digital or paper.
Agreed. The inflationary aspects of fiat don't go away, most of it is already digital. The difference is that CBDCs allow for direct monetary stimulus by the central banks to citizenry, and Treasury policy (taxation / spending) for fiscal. Look how hard it was for the Treasury to send people checks during the pandemic, that's ridiculous in 2020.
What is incentivizing compute?
People can launch blockchain or DLTs that require distributed computation to arrive at consensus. This computation has to be provided by someone, and someone has to pay for it. Normally a network bootstraps value via owners of an underlying digital asset, like Bitcoin, which is redeemable for some other form of value, like fiat $ or eurors. This pays the bills. Hence incentivized compute.