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Stefan Thomas. He\\u2019s the CTO of Ripple. He\\u2019s also the producer of the popular \\u201cWhat is Bitcoin?\\u201d video and the founder of the largest website for novice bitcoin users, WeUseCoins.com. He created a set of open-source bitcoin libraries called BitcoinJS, which today are maintained and used by Bitcoin businesses of all sizes including BitPay, Blockchain.info, BitAddress, Coinpunk and others.

Famous Five:

• Favorite Book? \\u2013 Draw to Win
• What CEO do you follow? \\u2013 Thomas Mcleod
• Favorite online tool? \\u2014 StumbleUpon
• How many hours of sleep do you get?\\u2014 3 or 8
• If you could let your 20-year old self, know one thing, what would it be? \\u2013 Schedule your blocks of time. Clean up and separate your spaces. Tell yourself to stick to what you should be doing.

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Time Stamped Show Notes:

• 01:38 \\u2013 Nathan introduces Stefan to the show
• 02:15 \\u2013 Stefan got into crypto 7 years ago
• 02:22 \\u2013 \\u201cWhat is Bitcoin?\\u201d video now has 10 million views and two versions
• 02:52 \\u2013 Bitcoin is different from how current financial institutions work
• 03:27 \\u2013 Blockchain has a lot of definitions and for Stefan, blockchain is a shared ledger
• 04:03 \\u2013 With any technology, it is about how it can make a change that is beneficial to everyone
• 05:43 \\u2013 Stefan currently focuses on their project, Inter Ledger, which is essentially a protocol that can tie different ledgers together
  • 05:54 \\u2013 It is an open project and Ripple is a contributor
• 06:44 \\u2013 Some of the crypto users have gotten a little too mainstream
• 07:18 \\u2013 People are now looking at the possibility of getting what they want without having to rely on clunky, shared ledgers
• 07:41 \\u2013 Stefan sold WeUseCoins to a company who has invested in bitcoin
  • 08:20 \\u2013 Stefan didn\\u2019t make much from the exit
• 08:36 \\u2013 Stefan is responsible for the technical vision of Ripple
• 09:00 \\u2013 Ripple\\u2019s customers are mostly banks
  • 09:05 \\u2013 Banks license Ripple\\u2019s technology and software
• 09:33 \\u2013 You can get the most from bitcoin technology without changing how financial institutions work
  • 09:53 \\u2013 Small banks can interoperate with other banks without going through huge hubs
  • 10:04 \\u2013 \\u201cCreating that efficiency by creating competition\\u201d
• 10:20 \\u2013 Siam Commercial Bank in Thailand is one of Ripple\\u2019s customers
• 10:30 \\u2013 Siam Commercial Bank and SBI Remit in Japan have partnered to license Ripple\\u2019s technology
  • 10:40 \\u2013 Thailand expats staying in Japan can now send money to Thailand through their partnership
• 12:18 \\u2013 Shared ledgers are growing smaller and smaller with these new coins coming out and by private blockchains
• 12:27 \\u2013 Stefan believes that the next interesting technology will be the interoperability of the blockchains and central ledgers
• 13:02 \\u2013 Ripple has only been focused on payments, but there are hundreds of use cases for blockchain
  • 13:28 \\u2013 Payments is the underlying thing for any kind of asset movement
  • 13:55 \\u2013 Ripple is also focused on the crossing borders advantage to it
• 15:21 \\u2013 Licensing fee of Ripple depends on their customers
• 16:21 \\u2013 Team size is 170
• 16:36 \\u2013 Ripple has raised $94M and has sold some digital assets
• 16:55 \\u2013 Stefan joined Ripple before it was incorporated and he has equity
• 18:31 \\u2013 The Famous Five

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3 Key Points:

1. Changes in technology are intended to make life better for the collective.
2. With bitcoin technology, payments have become more efficient and convenient.
3. The vision that you had years ago will definitely change overtime.

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Resources Mentioned:

• Simplero \\u2013 The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
• The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
• Klipfolio \\u2013 Track your business performance across all departments for FREE
• Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
• Audible\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
• Show Notes provided by Mallard Creatives