Chris Larsen, one of the founders of XRP, shared his experiences and insights into the creation of the cryptocurrency in a recent interview on the podcast 'When Shift Happens'.
Origins of XRP
Larsen talked about how he and a team of 'really smart people' sought to create a 'better Bitcoin' that uses far less electricity and confirms transactions more quickly. 'We were trying to create a sort of non-government online currency that doesn't burn a lot of electricity and processes transactions faster,' he stated.
Critique of Rapid Changes
Larsen emphasized the importance of a conservative approach to changes, which he believes has enhanced Bitcoin's reliability. He pointed to examples where rapid and chaotic decisions, such as Stellar's decision to destroy over half of its XLM tokens, could harm a currency. 'It is important to remember that conservatism is key for stability,' he stressed.
Future of Ripple and XRP
Discussing Ripple’s plans to go public, Larsen noted that the process has become more bureaucratic and mentioned risks associated with short sellers. He expressed confidence that XRP will continue to evolve and remain a tool for fast and low-cost international money transfers.
Larsen believes that XRP and its community hold immense potential for the future. A conservative approach to changes and a focus on stability will help Ripple strengthen its market position.
