During a recent appearance on the 'When Shift Happens' podcast, Ripple co-founder Chris Larsen shared his thoughts on cryptocurrencies, including Bitcoin and Ripple.
Creating a Better Bitcoin
Chris Larsen noted that his team aspired to create 'a better version of Bitcoin'. 'There was a group of really, really smart people trying to create a non-government online currency that didn't burn a lot of electricity and was sort of faster,' he emphasized. Larsen praised the Bitcoin revolution, noting that its conservatism has played a positive role.
Criticism of Unstable Projects
Larsen expressed skepticism about the viability of some volatile projects. He pointed to Stellar, which famously burned more than half of the total XLM supply in 2019, stressing that such actions create chaos and contradict the fundamental goals of a successful currency. 'It's the opposite of what any currency strives to be successful,' Larsen stated.
Challenges of Going Public
Discussing the process of going public, Larsen described it as 'very bureaucratic' in the U.S. He also highlighted the threat from short-sellers who could spread misinformation to drive stock prices down, which would pose new challenges for companies seeking to go public.
Chris Larsen's interview on the podcast highlights his commitment to creating a stable financial system and raises questions about the future viability of competitive projects in the cryptocurrency space.
