Ripple future of payments is here

•

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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.

Technology Economy & Finance

FUTURE OF PAYMENTS IS HERE
@fribulusxax @panadash
Friday, September 13, 13

BRIEF HISTORY OF MONEY
20’000-13’000 B.Cuswpia2012
Friday, September 13, 13

“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

“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

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

Value of all papers and money
is about 360 - 600%of worlds GDP
Friday, September 13, 13

2009
Bitcoin goes open source
Friday, September 13, 13

1’645’477’362 USD
11’698’650 BTC
with less then 48% left to be mined by 2033
Friday, September 13, 13

2010 Low Energy Bluetooth
2011 Litecoin
2012 PPCoin
2013 Terracoin, Feathercoin
and many, many more...
Friday, September 13, 13

2013
Ripple goes open source
Friday, September 13, 13

500 billion electronic transactions
Friday, September 13, 13

36 trillion hours
Friday, September 13, 13

10’s of billions of USD in fees
Friday, September 13, 13

Slow expensive and disconnected
infrastructure
Friday, September 13, 13

OVERVIEW
Math-based
Distributed
Scalable
Multi currency network
Friday, September 13, 13

HOW IT WORKS
Government
Payer
Payee
Bank
PLN
Trust
Trust
Trust
Friday, September 13, 13

Payer
Payee
PLN
Trust
Trust
Gateway
Friday, September 13, 13

Text
http://gatogate.com
Friday, September 13, 13

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

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

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

Global Citizens
Universal Distributed Bank Account
XRP as future super-currency
Monetary Freedom
Friday, September 13, 13

New Economic Models Arises
Tipping as Service Rating
Escrow with 2 parties only
Subscriptions with PWYW
Friday, September 13, 13

Please Payments
Thank You Payments
Friday, September 13, 13

@fribulusxax
THANK YOU
@panadash
@conc_pt
Friday, September 13, 13

This document provides an overview of Ripple, including its history and similarities/differences to Bitcoin. Ripple is a decentralized payment network that allows for fast and low-cost international payments. It works by tracking debt and credit between parties to allow money to "ripple" across trust lines. While initially developed as an open-source project, it was later commercialized by Ripple Inc. The company has raised over $100 million but has also faced community backlash and regulatory issues over its centralized elements and role of native XRP tokens. Overall, Ripple aims to facilitate global money transfers by serving as an exchange marketplace and settlement network between fiat currencies and digital assets like XRP.

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Ripple future of payments is here

1. FUTURE OF PAYMENTS IS HERE @fribulusxax @panadash Friday, September 13, 13

2. BRIEF HISTORY OF MONEY 20’000-13’000 B.Cuswpia2012 Friday, September 13, 13

3. 1’100-600 B.C Friday, September 13, 13

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

5. 600 B.C. - 800 Friday, September 13, 13

6. 800 - 900 Friday, September 13, 13

7. 900 - 1950 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

9. 1971 Friday, September 13, 13

10. ‘70s - ‘90s 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

13. Friday, September 13, 13

14. 2009 Bitcoin goes open source Friday, September 13, 13

15. 1’645’477’362 USD 11’698’650 BTC with less then 48% left to be mined by 2033 Friday, September 13, 13

16. 2010 Low Energy Bluetooth 2011 Litecoin 2012 PPCoin 2013 Terracoin, Feathercoin and many, many more... Friday, September 13, 13

17. 2013 Ripple goes open source Friday, September 13, 13

18. WHY Friday, September 13, 13

19. 500 billion electronic transactions Friday, September 13, 13

20. 36 trillion hours Friday, September 13, 13

21. 10’s of billions of USD in fees Friday, September 13, 13

22. Slow expensive and disconnected infrastructure Friday, September 13, 13

23. OVERVIEW Math-based Distributed Scalable Multi currency network Friday, September 13, 13

24. HOW IT WORKS Government Payer Payee Bank PLN Trust Trust Trust Friday, September 13, 13

25. Payer Payee PLN Trust Trust Gateway Friday, September 13, 13

26. Text Friday, September 13, 13

27. Text http://gatogate.com 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

29. WHAT’S NEXT? 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

32. 2020 Friday, September 13, 13

33. Global Citizens Universal Distributed Bank Account XRP as future super-currency Monetary Freedom Friday, September 13, 13

34. New Economic Models Arises Tipping as Service Rating Escrow with 2 parties only Subscriptions with PWYW Friday, September 13, 13

35. Please Payments Thank You Payments Friday, September 13, 13

36. @fribulusxax THANK YOU @panadash @conc_pt Friday, September 13, 13

Ripple future of payments is here

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