Talk about ripple monetary system in the context of origin of money, capitalism and how ripple will change our future making money more personal and connected with real value as it used to be in the past. Prelection took place on 13th Sep 2013 at SmartDevCon in Katowice Poland.
4. “In Greece near to Lydia money encouraged the
democratisation of politics [...] where old privileges
were abolished and eligibility for public office
became based on landed wealth. Democracy arose
in cities with market economies and strong
currencies.”
(Peter Watson ‘Ideas - history from fire to Freud’,
Phoenix 2006, p.98)
Friday, September 13, 13
8. “I am willing to accept such amount of gold-
coins for my goods that, I believe, will be
sufficient for others for those goods”
Friday, September 13, 13
11. 10k credit cards transactions per second
1,60% average transaction fee in PL
0,72% average fee in EU
18’880 ATM’s in PL
AND HERE WE ARE
Friday, September 13, 13
12. Value of all papers and money
is about 360 - 600%of worlds GDP
Friday, September 13, 13
28. Fact BTC Ripple FIAT
Cannot be stolen/lost/frozen Y* Y N
Allows indirect and immediate transfer of value N* Y N
No bank or financial institution influence Y Y N
Cannot be inflated devalued over time Y Y N
Distributed authority, no SPoF Y Y N
Susceptible to double spending attack Y* Y N
Susceptible to 51% attack N Y* N/A
Very low or no usage fees Y Y N
Anonymous purchases Y Y N
Irreversible transactions Y* Y N
Distributed exchange N* Y Y*
Friday, September 13, 13
30. 2014
Bitcoin slowly looses anonymity battle
First banks start using Ripple
Ripple launches Contracts
Ripple launches Federation Protocol
30+ Live Ripple Gateways
Friday, September 13, 13
31. 2016
Banks adopting Ripple on a global scale
Internet Exchanges adopting Ripple
Micro-transactions changing publishing industry
Main social network becomes a gateway
500+ Ripple Gateways
Friday, September 13, 13