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To me, if we're not failing a little bit, we're not trying hard enough. I think great cultures encourage risk and are tolerant of failure. If you don't do that, you're going to end up with a culture that is stagnant and not thinking about the next generation of products and experiences.
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We are all products of our experiences, good and bad. Sometimes you learn as much from the negative experiences as you do from the positive.
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What xRapid allows you to do is to have real-time liquidity.
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To be candid, I think, in retrospect, it was a mistake to work at AOL when I did. I think I had rose-colored glasses about the opportunity to reinvent AOL.
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A bank-issued digital asset can only really efficiently settle between the banks who issued it. I strongly believe banks need an independent digital asset to enable truly efficient settlement, and we believe XRP is best positioned for that role.
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There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It's been true for XRP, and I think that's because these markets are very nascent.
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As I was looking around, to me, what was happening in the blockchain and crypto world was a movement.
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Blockchain is like the new big data or AI - too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists!
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If Ripple as a company went away, XRP would continue to trade. To me, that's the definition of decentralization.
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I think any great culture is born out of transparent, authentic communication. You almost can't overcommunicate. You can try, and you might think, 'Oh, do I really have to say this again?' And the answer is yes.
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Blockchain technologies will change transactions in a broad way.
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I'm a big fan of what Salesforce has achieved.
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If the cryptocurrency market overall or a digital asset is solving a problem, it's going to drive some value.
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I think most of the ICOs you're seeing are not real token use cases. They're really securities, so I think the SEC should regulate that.