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Bitcoin is a decentralized cryptocurrency that offers an alternative to the current monetary system. It operates on a transparent ledger called the blockchain, which is stored on multiple computers, making it difficult to hack or manipulate. Unlike traditional money, Bitcoin gives individuals complete control over their funds and eliminates the need for middlemen in transactions. It is cheaper to use and can be accessed by anyone with a mobile phone, providing financial opportunities for the unbanked population. Bitcoin's decentralized nature and resistance to control by governments and banks make it a symbol of freedom and democracy.

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Bitcoin is a decentralized cryptocurrency that offers an alternative to the current monetary system. It operates on a transparent ledger called the blockchain, which is stored on multiple computers, making it difficult to hack or manipulate. Unlike traditional money, Bitcoin gives individuals complete control over their funds and eliminates the need for middlemen in transactions. It is cheaper to use and can be accessed by anyone with a mobile phone, making it particularly beneficial for the unbanked or underbanked population. Bitcoin's decentralized nature and resistance to control by governments or banks have made it a symbol of freedom and democracy.

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Cryptocurrencies are not widely used for payments due to their high volatility. However, this is expected to change as the logic of economics suggests that volatility will decrease. Giants like Bank of America and JPMorgan are starting to recognize the potential of these technologies and the need to adopt them to remain relevant. Established companies do not want the technology industry to dominate finance, and Ripple's XRP Ledger is positioned at the convergence of DeFi technologies and institutional adoption. Ripple focuses on solving specific problems like sanction screening that institutions will need to be part of this ecosystem.

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We propose providing secure and efficient digital payment access to all citizens, ensuring their freedom to pay.

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We're excited about the math-based currency movement, which we believe could be a huge game changer in finance. Our currency supports a global payment system open to everyone. We focus on utility, ensuring a multicurrency payment system by solving the double spend problem with a global ledger and consensus process. This allows any currency, like bitcoin or dollars, to be used. The potential is incredible. Translation: We are enthusiastic about the math-based currency movement, seeing it as a significant innovation in finance. Our currency enables a global payment system that is accessible to all, with a focus on utility and the ability to support multiple currencies. By addressing the double spend issue through a global ledger and consensus process, we can incorporate various currencies like bitcoin and dollars. The potential for growth is immense.

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I'll explain the difference between payment and settlement. Payment is when you use your Visa card at a restaurant, but settlement is when the money actually moves between accounts. Traditional systems like Swift separate payment and settlement due to historical reasons. These systems are outdated, dating back to the 1970s, and are in need of modernization. Even if blockchain and cryptocurrencies fail, the payment industry will still evolve.

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Citibank, HSBC, and JPM are the top three liquidity banks. SWIFT messages are sent to these banks to release liquidity and ensure the debits and credits align. In essence, our platform combines the liquidity competition of Citibank with the messaging capabilities of SWIFT, offering both messaging and liquidity services.

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The speaker, who has 20 years of experience with SWIFT, explains that SWIFT is the dominant messaging system in the financial industry. They mention that SWIFT is upgrading its network to enable real-time transactions. Additionally, they suggest that Ripple's SRP could potentially be used as a currency on the SWIFT network, particularly for foreign exchange purposes. The focus is on complementing SWIFT rather than replacing it.

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ISO 20,022 is an international financial messaging standard designed to enhance payment processing by including richer, more structured information with each transaction. For financial institutions, it allows them to handle transactions faster and more accurately, streamlining payment processing. Businesses can include detailed payment information, such as invoice and purchase order numbers, directly in transactions, simplifying reconciliation and improving accounting accuracy. For large enterprises and governments, richer data enables better forecasting models and reduces paper-based payment options. For consumers and small businesses, ISO 20,022 allows payments to provide a fuller picture of where money is coming from, where it's going, what it's for, and who's involved. Payments Canada leads the adoption of ISO 20,022 in Canada by offering resources, education, training, and operational support. As more countries and businesses adopt it, the benefits will compound, creating a more interconnected and efficient domestic and global payment system.

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The discussion centers on the main payments system, referred to as PAM, described as the “payments computer” and commonly called PAM by everyone. PAM is responsible for almost $5,000,000,000,000 in payments per year, which equates to roughly a billion dollars every hour. The speakers indicate that, upon their arrival, they observed what they describe as a severe lack of payment metadata: payments could be processed with no payment categorization code and no description, effectively creating payments that were “untraceable blank checks.” The speakers contrast this situation with how such conduct would be viewed in the private sector, stating that if this were a public company, the company would be immediately delisted and the executive team would be thrown in prison. They emphasize that, in the context they are discussing, this kind of exposure is considered normal within the government. The overall point is that the payments system operates with extremely little traceability or descriptive data attached to transactions, creating a scenario they characterize as highly problematic and unacceptable in the private sector but commonplace in the government.

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Ripple helps governments and central banks create high-performance financial infrastructures using blockchain technology. They specialize in building and launching central bank digital currencies (CBDCs), which are secure, centralized, and scalable national currencies. Ripple's CBDC solution is based on the reliable and sustainable XRP ledger technology, which allows for fast transactions, customization, and programmability. Each CBDC pilot is customizable to the needs of the central bank and hosted on a private version of the XRP Ledger. The central bank has full control over supply and can integrate the CBDC into existing systems. CBDCs enable real-time payments, collection of taxes, and analysis of data for monetary policy support. Ripple's CBDC solution also provides interoperability with other central bank ledgers, reducing risks in cross-border transactions. Overall, CBDCs offer improved financial development and economic potential.

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Blockchain is becoming a permanent fixture, expanding beyond commerce to NFTs, real estate, and financial ledgers. The financial system needs an overhaul to eliminate inefficiencies that benefit intermediaries. Technology exists for global financial institutions to settle transactions in seconds for minimal cost. Crypto aims to shift control from banks to users. Ripple's extensive partnerships aim to revolutionize remittance services globally. Ripple's goal is to revolutionize remittance services or fade away.

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We've seen revolutions in how we deliver goods, like with the shipping container, and information, like with the internet. But what will be the next big thing for money? What's the "TCP/IP" or the "shipping container" of value going to be? It's coming, and it will bring big changes, including drastically smaller payment sizes. Right now, you get paid bi-weekly and pay bills monthly because payments are expensive and slow. But if payments were cheap and simple, those frequencies could increase. Money could be streamed to you as you work, or streamed to your landlord. These ideas might sound silly, but think about email in the late '90s. Could you have predicted how it's used today? Or Netflix, when bandwidth seemed too expensive? The internet drove bandwidth costs down. If payment costs go to zero, the world will change in ways we can't fully imagine yet.

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Consensus believes that blockchain technology will play a crucial role in transforming the global payments infrastructure. They are partnering with central banks, retail banks, fintech institutions, and blockchain innovators to develop central bank digital currencies (CBDCs). CBDCs are a reimagined way for currency to operate on a fully digital infrastructure, where central banks issue money directly to individuals through e-wallets. The current financial systems are complex and inefficient, with settlement delays and increased transaction costs due to third-party involvement. CBDCs utilize smart contracts to instantly perform functions currently done by third parties, enabling central banks to drive monetary policy and offer innovative products and services. Consensus, as a leader in blockchain software, bridges the gap between the blockchain ecosystem and financial institutions, making them well-positioned to help embrace this new open financial system.

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Speaker 0: Nearly two weeks into this conflict, the official story is cracking, and the number of Americans wounded is slowly coming out. Yesterday, we reported based on our sources that the number of American wounded was at least one hundred and thirty seven. After our report ran, the Pentagon has now publicly acknowledged about one hundred and forty wounded. That confirms our sources on this. So why did it take a little news show like ours to report this information? Why wasn't Fox News reporting this information? The Pentagon I know it's really weird. Why is the mainstream media silent on this? The Pentagon finally comes out and actually admits to this. Speaker 1: Reuters comes out and reports this. Exclusive. As many as one hundred and fifty US troops wounded so far in Iran war. They just published this today, this morning. March 10. That's remarkable. Exclusive. Just curious how that's an exclusive when we reported it yesterday. Yesterday. Whatever. Hey, Reuters. Bite me. Anyway, this war is clearly not winding down no matter what the messaging says. President Trump is saying the war could end very soon. But Iran says talks with The United States are off the table for now. Tehran is prepared to keep striking as long as it takes. And they're vowing an eye for an eye. So what is an eye for an eye actually mean? Does it mean you hey, you killed our leader. We kill yours? Does it mean, hey, you killed all these girls who were the daughters of members of the the Iranian Navy at a girls school, do we also do that to you? Like, what is actually does that look like? Speaker 0: Does it mean we took out your water infrastructures or you took out ours? So we do that. Right. Your gas infrastructure, civilian infrastructure, that's that's a war crime. But we did it. Your oil infrastructure, we do that. Like, what exactly does that look like? Meanwhile, the Strait Of Hormuz is getting worse by the minute. US intelligence tracking Iranian mine laying threats now as Gulf energy infrastructure there is taking a major hit with about 1,900,000 barrels per day of refining capacity across Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, and The UAE. All down. CBS now says shipping through the Strait Of Hormuz has ground to a virtual halt. Nothing getting through. That's of just a few minutes ago. And Israel's hammering Beirut's southern suburbs and Lebanon. So they've essentially invaded Lebanon. Speaker 2: And then there's the neocon political class in Washington saying the quiet part out loud. Senator Lindsey Graham is now openly talking about, you know, going back to South Carolina to tell the sons and daughters in South Carolina, you know, you gotta send your loved ones to the Middle East. That's what I'm doing here in South Carolina. I gotta tell them to go fight in the Middle East, and he's calling on other Middle East countries that have been sitting on the fence that we've supported over the years as allies. Get off the fence. Go bomb Iran. Help out with Iran. And, oh, by the way, Spain, we're pissed off at you because you don't want us using your air bases or airspace to bomb Iran. Listen. Speaker 0: To our allies step up, get our air bases out of Spain. They're not reliable. Move all those airplanes to a country that would let us use them when we're threatened by a regime like Iran. To our friends in Spain, man, you have lost your way. I don't wanna do business with you anymore. I want our air bases our air bases out of Spain into a country that will let us use them. To our Arab friends, I've tried to help you construct a new Mideast. You need to up your game here. I can't go to South Carolina and say we're fighting and you won't publicly fight. What you're doing behind the scenes, that has to stop. The double dealing of the Arab world when it comes to this stuff needs to end. I go back to South Carolina. I'm asking them to send their sons and daughters over to the Mideast. What I want you to do in The Mideast to our friends in Saudi Arabia and other places, step forward and say this is my fight too. I join America. I'm publicly involved in bringing this regime down. If you don't, you're making a great mistake, and you're gonna cut off the ability to have a better relationship with The United States. I say this as a friend. Speaker 1: Ugh. He's an odious friend. Speaker 0: Say this as a friend. Speaker 3: With friends pick up a gun and go fight yourself, you coward. Yeah. I freaking hate that. But you're calling so, like, bluntly for somebody else to go die for his stupid cause. Speaker 0: Yeah. Speaker 1: I am so curious about this. I mean, he's a liar. But how many people in South Carolina are really walking up to him and saying, who are we gonna get to fight with us? Who are we gonna get to fight Iran? Worried about this. My son can go, but who's going with him? Let's make some war playdates. Who does that? Speaker 0: Larry Johnson is a former CIA analyst, NRA gun trainer, and, he's been looking at all of this and doing some incredible writing over at his website, Sonar twenty one. Larry, thank you for joining us. Great to see you back on the show. Speaker 4: Hi, guys. Good to see you. Speaker 0: So I wanna talk about the American war wounded first because Mhmm. I know that this is, near and dear to your heart and, of course, something that you've been watching, closely. And the lies, of course, that are coming out about this. Again, I spoke to sources over the past forty eight hours that were telling us here at Redacted about 137 Americans wounded. Then the Pentagon comes out and then confirms about a hundred and forty. So right pretty much right on the nose. And does that number sound low to you? Or does that sound about right? Speaker 4: That sounds a little low. So on March 4, let's go to Germany. Stuttgart, just North West of Germany, there is a hospital called Landstuhl Regional Medical Center. Landstuhl's primary mission is to handle American war wounded. On March 4, they issued a memo telling all the pregnant women that were about to give birth that, sorry, don't come here. We're not birthing any more babies. We gotta focus on our main mission. So that was the first clue that there was there were a lot of casualties inbound. I know, without mentioning his name, somebody who was involved dealing with the combat casualties during the wars in Afghanistan and Iraq, and he dealt with the personnel at Lunstul. And he called someone up and said, can't say anything, but there's a lot of casualties. Then 13 miles to the east of Landstuhl is an army base called Kaiserslautern. Kaiserslautern and the Stars and Stripes issued for that base had an appeal, a blood drive appeal. Hey. We need lots of people to show up and donate blood. So those that was on March 5. So I wrote about this March 6. So I wrote about this four days ago, that, yeah, we had a lot more casualties, and there are more coming, because Iran's not gonna stop. You know, right now, we're getting signals that the Trump administration is reaching out, trying, oh, hey, let's talk, let's talk cease fire. Iran's having none of it. They've been betrayed twice by Donald Trump and his group of clowns. Speaker 0: Right. Speaker 4: You know? And and so they're not ready to say no. No. They've got the world, by the testicles is the polite way of saying it, withholding the Strait Of Hormuz. They've shut down the movement of not only oil, liquid natural gas. They're the supplier of about 25%, 25 to 30% of the world's liquid natural gas, and, about 30%, 30 to 35% of the world's urea, which is used for fertilizer. Now, that may not I just learned that that may not be as important as I once thought it was because most of it comes out of Oman. Oman, you don't have to worry about things going through the Strait Of Hormuz. But on oil and liquid natural gas, huge. 94% of The Philippines depended upon the flow of gas, both liquid and the petroleum oil, out of the Persian Gulf. India, 80%. Japan, South Korea. So this is gonna have a major impact on certain economies in the world. Now there there I I I've said this ironically. I I think Vladimir Putin's sitting there going, maybe Donald Trump really does like me, because what he's done is he's making Russia rich again in a way I mean, they're getting, you know, they were selling they were forced to sell their oil previously under sanctions at, like, $55 a barrel. Now they're getting $88.90 dollars a barrel. Well, and they just opened it up to India. I mean, that story over the past forty eight hours, like, so they The United States has eased its restriction on Russian oil flowing to India. I mean, talk about an absolute disaster. Speaker 4: Well, yeah. And remember what had happened there is India was playing a double game too. You know, bricks India is the I in bricks, and Iran is the new I in bricks. And so what was India doing? Well, India was pretending to play along with The United States, but then going to Russia and saying, hey, Russia. Yeah. We'll buy we'll buy your oil, but we needed a discount because we're going against the sanctions, and we need to cover ourselves. So Russia said, okay. As a BRICS partner, we'll let you have for $55 barrel. So they got a discount. So now when all of a sudden the the the oil tap is turned off, including the liquid natural gas, India goes running back to Russia. Now remember, on, February 25-26, India was in Israel buttering up the rear end of BB, Net, and Yahoo, kissing rear end all they could. Oh, man. It was a love fest. We're partners with Israel. And then Israel attacks their BRICS partner. And what does India say? Nothing. Zero. They don't say a thing about the murdered girls. So now all of a sudden, the oil's turned off. It's nine days now with no oil coming out of there for India. They go running back to Russia. Hey, buddy. Let's let's get back together. And Russia says, sure. That's great. But it's gonna cost you $89 now a barrel. No more friends and family program. Gonna get market conditions. Speaker 0: We've had many journalist friends that have had their bank accounts shut down. We were literally in the middle of an interview with a great journalist from the gray zone who found out that his banking was just shut down. Literally, in the middle of an interview, he got a message that his banking was shut down. Well, Rumble Wallet prevents that, because Rumble can't even touch it. No one can touch it. Rumble Wallet lets you control your money, not a bank, not a government, not a tech company, not even Rumble can touch it. It's yours, only yours, yours to protect your future and your family. You can buy and save digital assets like Bitcoin, Tether Gold, and now the new USA USA app USAT, which is Tether's US regulated stablecoin all in one place. Tether Gold is real gold on the blockchain with ownership of physical gold bars, and USAT keeps your money steady against inflation. No banks needed. It's not only a wallet to buy and save, but it also allows you to support your favorite creators by easily tipping them if you want with the click of a button. There'll be no fees when you tip our channel or others, and we actually receive the tip instantly unlike other platforms where we have to wait for payouts. So support our show today and other creators by clicking the tip button on our Rumble channel. Speaker 1: Now I wanna ask you about president Trump responding to CBS News reports that there may be mines in the Strait Of Hormuz. That doesn't make a ton of sense. He says we have no indication that they did, but they better not. But they are picking and choosing who gets to go through, and their allies can go through. So why would they mine their allies? What do we make of this? Do we need to respond to this at all? Speaker 4: Yeah. I don't think they've done it yet. But let's recall the last time Iran mined the Persian Gulf. They didn't mine the Strait Of Hormuz. They mined farther up. It was 1987, 1988. Why did they do that? Well, in September 1980, when Jimmy Carter and Zbigniew Brzezinski were still in office, The United States encouraged a guy named Saddam Hussein, don't know if you've ever heard of him, but they encouraged Saddam Hussein to launch a war against Iran. And then Ronald Reagan comes in with Donald Rumsfeld and Cap Weinberger, and by 1983 had provided chemical weapons, or the precursors that Iraq needed to build chemical weapons, and Iraq started using chemical weapons against Iran in 1983 and continued to do it in '84, 85, 86. During that entire time, Iran never retaliated with chemical weapons. They were not going because they saw it as an act against God. They were serious about the religion. So 'eighty seven, 'eighty eight, they start dropping mines there in the Persian Gulf. Well, at that time, they didn't have all these missiles, so the United States Navy, a Navy SEAL, a good friend of mine, set up what was called the Hercules barge, and he had a Navy SEAL unit with him, and they fought off attacks by Iranian gunboats. He had some Little Bird helicopters from the one sixtieth, the special operations wing of the Air Force. And but we ended up disrupting the Iranian plan to mine The Gulf back then. Well, we couldn't do that today. We do not have that capability because Iran would blow us out of the water with drones and with missiles. You as we've seen, it's been happening over the last ten days. So United States would be in a real pickle. Speaker 1: And especially given the rhetoric of US war hawks in power for three decades. Like Yeah. Yes. They kind of had to prepare all of this time. Did we think that they weren't paying attention when we said it to the world? Speaker 4: Well, when we're writing our own press clippings and then reading them, there is a tendency to say, god, I am great. Can you see this? How good we are? And so they really believed that our air def the Patriot air defense systems and the THAAD systems would be they they could shut down the Iranian missiles and drones. And what they discovered was, nope. They didn't work. And they worked at an even lower level than the you know, Pentagon kept foul. We're shooting down 90%.

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We developed technology called interledger to address cross border payment challenges without needing a universal blockchain. Ripple's decentralized model is infinitely scalable, using XRP for high-speed transactions. This approach aims to serve the global population of 7 billion people, projected to reach 9 billion by 2050.

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Speaker 0 mentions the arrival of some boys. Speaker 1 expresses their long-term interest in making payments cheaper and faster, rather than focusing on price movement. They discuss the potential of tokenizing assets and envision a future where payments are as easy as email, independent of payment networks or mobile providers. They imagine a world where payments are ubiquitous and integrated into daily actions, similar to how turning on a light switch triggers internet activity. Speaker 1 also contemplates a future where stores pay for information about preferences or even pay individuals directly. They believe these changes could have a significant impact, similar to how ubiquitous communication transformed society.

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The Silk Road aimed to facilitate the sale of various goods, regardless of their legality. To support this anonymous marketplace, an untraceable payment method was needed, which is where Bitcoin came into play. This new form of digital currency provided the necessary anonymity for transactions.

The Pomp Podcast

Will Reeves: Solving Merchant Issues with Pizza and Bitcoin (Off The Chain with Anthony Pompliano)
Guests: Will Reeves
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Will Reeves, co-founder of Fold, discusses his journey into the Bitcoin space, starting from his background in payments and retail in Silicon Valley. He first heard about Bitcoin in 2011 while living in Argentina, where he recognized its potential as a safe haven asset during economic turmoil. His experiences led him to explore Bitcoin's use cases, particularly in peer-to-peer transactions and remittances. Fold was created to demonstrate Bitcoin's real-world applications, initially focusing on enabling users to spend Bitcoin for everyday purchases like coffee. However, the challenges of on-chain transactions, such as high fees and slow confirmation times, prompted a shift towards utilizing the Lightning Network for faster, cheaper transactions. Reeves emphasizes the importance of driving Bitcoin adoption through existing consumer behaviors, such as rewards programs, to make Bitcoin more accessible. The app allows users to earn Bitcoin rewards while shopping at major retailers like Amazon and Starbucks, providing a seamless experience that integrates both fiat and Bitcoin payments. Fold aims to educate users about Bitcoin, encouraging them to accumulate and eventually spend it. Reeves notes that while many users currently engage with Bitcoin for speculative purposes, Fold seeks to shift this perspective towards using Bitcoin as a currency. Reeves also highlights the advantages of the Lightning Network, including instant settlement and low fees, which can revolutionize payment systems. He acknowledges the skepticism surrounding the network's capacity but believes that ongoing developments will enhance its functionality. Looking ahead, Reeves envisions Fold as a bridge for mainstream consumers to engage with Bitcoin, emphasizing the need for a long-term commitment to user-centric values and privacy in financial transactions.

Cheeky Pint

Stripe’s 2025 annual letter
reSee.it Podcast Summary
Stripe’s 2025 annual letter outlines a year of strong growth and expanding global reach, driven by a continued acceleration in online commerce and payments infrastructure. The letter reports that Stripe-enabled platforms handled trillions in volume, with Atlas forming 25% of Delaware corporations and the company highlighting a broad product suite that includes billing, tax, fraud prevention, and embedded finance. A notable theme is the rapid convergence of software, data centers, and AI that is accelerating entrepreneurship and adoption of global, cross-border capabilities. The text emphasizes “the sorting machine”—markets reallocating profits and talent toward higher impact firms at a faster pace—driven by productivity gains and a surge of globally oriented startups leveraging Stripe’s tools. The letter also discusses stablecoins and a push toward “global by default” financial services, including new capabilities like stablecoin payments, cross-border wallets, speeded-up settlements, and Tempo, a blockchain designed for payments that supports sub-second finality and interoperability. There is extensive coverage of agentic commerce, detailing five levels of automation from form elimination to full delegation and anticipation, with Stripe’s open protocols and partnerships (OpenAI, Google, Visa) enabling cross-platform payment tokens and AI-driven commerce. The note on capital access describes Stripe Capital’s growth and a causal study showing financing accelerates growth, especially for high-potential firms. The letter closes with reflections on entrepreneurship, regulation, and the balance between innovation and governance, stressing that the next decade will look different and that Stripe aims to play a constructive role in that evolution.

The Pomp Podcast

Pomp Podcast #370: Jack Mallers on the Future of Strike, Zap, & Lightning Network
Guests: Jack Mallers
reSee.it Podcast Summary
Jack Mallers, founder and CEO of Strike, discusses the innovative aspects of his neobank, which integrates Bitcoin and the Lightning Network for efficient payments. Strike simplifies the user experience by abstracting the complexities of Bitcoin, allowing users to send dollars while benefiting from Bitcoin's advantages. Since launching their beta, Strike has processed over half a million dollars in volume and plans to expand into Europe. Mallers addresses regulatory challenges, explaining their tiered KYC process, which balances compliance with user accessibility. He critiques Ethereum's marketing as misleading and emphasizes the importance of transparency in the crypto space. Mallers highlights the Lightning Network's potential for revolutionizing payments and improving efficiency in the marketplace, paving the way for broader adoption.

The Pomp Podcast

Brad Garlinghouse, CEO of Ripple: One on One with the Man Running Ripple and XRP
Guests: Brad Garlinghouse
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In this episode of Off the Chain, host Anthony Pompliano interviews Brad Garlinghouse, CEO of Ripple, discussing Ripple's operations, the role of XRP, and the company's progress. Garlinghouse emphasizes that Ripple sells software to banks, leveraging blockchain technology to improve payment efficiency. He clarifies that Ripple and XRP are distinct entities, with Ripple focusing on providing solutions for financial institutions while XRP serves as a digital asset on the XRP ledger. Garlinghouse shares his background in tech, including experiences at Yahoo and AOL, before transitioning to the crypto space. He recalls his first encounter with Bitcoin in 2012 and how it led to his recruitment at Ripple in 2015. He highlights Ripple's focus on payments, particularly through products like XCurrent and On-Demand Liquidity, which allow banks to operate without pre-funding accounts, thus improving liquidity management. The conversation touches on Ripple's customer base, with over 200 clients, and the importance of deployment and transaction volume as key performance metrics. Garlinghouse notes that the number of transactions has been doubling quarterly, indicating strong adoption. He also addresses the regulatory landscape, asserting that Ripple complies with laws and works with governments, contrasting this with the perception of crypto as a tool for illicit activities. Garlinghouse discusses XRP's utility, stating that it is primarily used in the On-Demand Liquidity product, while other products operate without it. He defends XRP against criticisms regarding its security status, arguing that it is efficient and has never been hacked. The episode concludes with Garlinghouse expressing optimism about Ripple's impact on global commerce and the potential for multiple winners in the crypto space, emphasizing the importance of solving real customer problems.

Moonshots With Peter Diamandis

The AI-Crypto Collision That Will Redefine Global Power w/ Eric Pulier, Dave Blundin & Salim Ismail
Guests: Eric Pulier, Dave Blundin, Salim Ismail
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Peter Diamandis hosts a wide-ranging discussion on AI, crypto, space, and robotics with Eric Pulier, Dave Blundin, and Salim Ismail. They frame the moment as defining: this is “the most significant economic legislation and changes that we've seen in our lifetimes,” and they forecast that “Bitcoin demand will explode” once the White House crypto strategy takes effect. They argue AI and crypto together will accelerate the economy, noting that the world cannot stay with the Swift network, three‑day settlements, and $2 transactions forever. Eric Pulier is introduced as CEO and chairman of Vatom, the founder of sixteen companies, with exits north of hundreds of millions, and as “the first person ever to create an NFT.” The panel intends to cover AI, crypto, space, robots, BCI, and more, but returns to AI first. XAI Gro 4 becomes free to the world, driven by GPT5 dynamics. They discuss a race to offer free access with paid premium tiers, and worry about ad models intruding on user experience. They imagine a future where websites are built for AI agents, not humans. On chips and geopolitics, Nvidia and AMD are described as being throttled by White House policy, while Trump proposes funding U.S. fabs and a 15% export toll to China to finance chip competitiveness. They debate the short‑term benefits and long‑term risks of government‑driven business deals, the “silicon shield” of Taiwan, and a potential graceful exit for Intel’s Lipin? leader. They describe Intel’s current 1.8‑nanometer process, the tension with next‑gen 1.4‑nm fabs, and the need to accelerate capital and leadership to compete. They also note Taiwan’s high market share in advanced chips and the implications for national security. The conversation then moves to open‑source AI, with Z.AI’s GLM4.5, backed by Prosperity 7 and BU, claiming top performance. They compare this with OpenAI’s open‑source strategy to counter Chinese weights, and discuss the risk of covert spyware in model weights. The open‑source push is seen as a key battleground in the race to AI leadership. A major thread centers on tokenizing real‑world assets. The Genius Act would allow tokens that represent dollars and enable instant settlement, fractional ownership, and programmable money. Tokenized real estate, loyalty points, and cross‑company interoperability could unlock trillions in dormant value. They suggest credit unions could become local token issuers, strengthening communities. They emphasize that tokenized assets could become the financial layer of the internet, with stablecoins initially dollar‑backed to preserve the dollar’s status while enabling rapid innovation. The episode also covers health tech with Fountain Life, space news about Starship and lunar energy, fusion startups like Helion and Commonwealth Fusion, and note China’s sustained fusion bets. They close with optimism about AI-enabled deregulation, autonomy in transport and robotics, and the accelerating convergence of power, computation, and the economy. They hint at ongoing advances from Google and ongoing experiments in autonomous vehicles and robotics, including Archer’s flying cars and humanoid robots.

Possible Podcast

Possible 119 SeanNeville V5
Guests: SeanNeville
reSee.it Podcast Summary
The conversation centers on a future where many economic transactions are executed by autonomous AI agents, raising questions about safety, trust, and regulation. The guest argues that the world is likely to move toward a system in which dollars and other value move freely on the internet, governed by machine-to-machine interactions that are underpinned by strict guardrails. The discussion traverses the practicalities of building such a system, including how to establish identity for agents, how to set spending and access rules, and how to audit and assign liability when things go wrong. A core theme is that financial infrastructure must be redesigned from the ground up to accommodate agents as participants, rather than merely using AI as a tool within human-facing processes. The dialogue also explores the tension between innovation and regulation, highlighting how policy help is essential to scale secure, AI-driven finance while protecting consumers and the financial system. The guests describe a path from the early days of internet-enabled money to a more programmable, open-standard financial layer on which AI-driven commerce can operate. They emphasize a layered approach to safety: first, deterministic enforcement at the protocol level to ensure verifiable outcomes; second, governance and risk management that involve humans as stewards during the transition; and third, broad adoption across industries where back-office automation and liquidity management can unlock efficiency and access. Throughout, there is a forward-looking optimism about a future in which equal access to global financial rails becomes possible for businesses of all sizes, driven by AI agents that execute with speed and reliability while remaining auditable and compliant. The discussion also touches on privacy and interoperability concerns, the role of open standards in preventing vendor lock-in, and the importance of building a regulatory framework that enables innovation without compromising safety or accountability.

Lex Fridman Podcast

Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin & Ethereum | Lex Fridman Podcast #168
Guests: Silvio Micali
reSee.it Podcast Summary
In this conversation, Lex Fridman speaks with Silvio Micali, a prominent computer scientist and Turing Award winner, about blockchain technology, cryptocurrency, and their implications for society. Micali defines blockchain as a decentralized, immutable ledger that allows for common knowledge among users, ensuring that everyone has the same information and can verify transactions without central authority. He emphasizes the power of this technology in creating transparency and trust in transactions, particularly in the context of cryptocurrency. Micali explains that cryptocurrency operates on this blockchain principle, allowing for secure and transparent transactions without the need for intermediaries. He discusses the philosophical nature of money as a social construct, highlighting that its value is derived from collective belief rather than physical backing like gold. He argues that scarcity is an important feature of money, as it influences trust and acceptance in transactions. The conversation delves into the blockchain trilemma of scalability, security, and decentralization. Micali critiques existing systems like Bitcoin for their scalability issues and discusses Algorand's approach to achieving all three goals simultaneously. He describes Algorand's unique consensus mechanism, which uses a random selection of token holders to validate transactions, promoting decentralization while maintaining security and speed. Micali also touches on the potential of blockchain beyond finance, including its applications in governance and legal systems, where transparency can enhance trust and reduce corruption. He acknowledges the tension between transparency and privacy in blockchain technology and expresses a commitment to developing privacy solutions as the technology matures. Throughout the discussion, Micali reflects on the importance of adaptability and evolution in both technology and human society, suggesting that the future will likely see a variety of blockchain solutions coexisting rather than a single dominant technology. He concludes by emphasizing the significance of emotional engagement in life and the pursuit of meaningful experiences, suggesting that the journey itself holds value, regardless of the destination.
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