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XRP WILL CRUSH Bitcoin (Here鈥檚 Why Ripple Wins) - YouTube
Channel: BitBoy Crypto
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welcome to bit boy crypto the people's
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channel over the bit squad the largest
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greatest crypto community on all the
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interwebs no channel works harder to
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keep you in the know about crypto that's
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right guys we finally got the demon back
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we got the new wheels on the demon we
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are heading to a uh to a ball tournament
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uh today so no sunday drive on the way
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to church but uh you know sometimes you
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gotta play baseball on a sunday it is
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what it is uh guys i have got such a big
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video for you guys for my xrp army
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people
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where are you i almost forgot to do this
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video today i've been planning on it for
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several days
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but i just want to go over we're going
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to start by talking about what happened
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at the bitcoin conference and i'm going
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to tell you how it was a
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flashing
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neon
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sign for xrp and by the way all the xrp
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army out there
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um you know basically the long and the
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short of it is that um you know i i
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talked to some people this weekend i've
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been on twitter i've been looking at
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what's been going on with the hashtag
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eathgate situation
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um ultimately
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i don't know what's going on with that
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it looks like you know john deaton is
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just digging up more and more and more
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stuff stuff that could actually be used
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in the xrp sec lawsuit if that comes to
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fruition well i have to give this uh
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story a little bit more credibility uh
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basically the implication here is that
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uh you know simpson thatcher who's part
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of the ethereum alliance
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um gave a bunch of money to william
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henman during this time uh maybe joseph
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lubin maybe consensus uh the company
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consensus is involved in this uh the
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company that runs metamask and look all
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that is certainly possible i'm gonna
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still stand by my argument that i made
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in the beginning the ethereum alliance
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is not ethereum itself so even if joseph
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lubin and uh you know consensus is all
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tied up into this and there is in fact a
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uh a bribe conspiracy that is proven
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it's not a reflection on ethereum it's a
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reflection on the members of this
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ethereum alliance um so i i still don't
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like this narrative that's somehow like
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aetherium is bad because you know you've
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got some people in the background of it
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you know that's like saying that you
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know bitcoin is bad because
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uh you know craig wright probably was
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involved in the development and he's a
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terrible person so bitcoin must be bad
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it doesn't really make a lot of sense
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but
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let's go back i want to start with the
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conference last week um and how this
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ties into xrp uh you had michael saylor
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on stage kathy wood on stage they had
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quite a great talk they were talking
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about
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um you know bitcoin ethereum the market
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i really like what michael saylor said
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you know merrill lynch told him they
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couldn't talk about bitcoin so he took
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800 million or whatever it was
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175 million dollars maybe it was to
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another bank that was all cool you know
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he ends by saying like listen
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you know
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the number one thing is make sure you
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don't sell your bitcoin and everybody
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the crowd goes wild everybody's clapping
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everybody's excited about it
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and uh you know michael saylor is the
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cheerleader of bitcoin i mean that's
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really the way that it is but you know
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later in the day we got the talk from
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jack mallors now or mo i think it's
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mallors moller's mallards whatever i
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already said my little piece about what
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i think about jack muller's and his uh
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you know i
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just don't like people
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profanity stricken tirades on a stage to
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see meji that's really dorky in my
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opinion but whatever
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people can choose to talk the way they
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want to talk whatever
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but this supposed to be the big
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announcement as i'm i'm at a vip table
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um right next to the stage awaiting to
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here um with a couple members of the bit
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squad waiting to hear this announcement
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from jack mullers and i get an alert on
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my phone
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uh look at it and what does it say it
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says
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oh my gosh if you thought last year's el
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salvador announcement was big
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wade until what jack mullers has to say
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today
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incredible right you're sitting there
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what is gonna what is this what is this
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gonna be you know we're going for an
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entire country accepting bitcoin this is
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gonna have to top that er the big rumors
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are it's an apple announcement there's
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an apple strike partnership coming
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strike is jack muller's company which by
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the way a completely centralized
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payments company but i digress using
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using the lightning network and i would
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be really curious how many of you guys
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even understand the lightning network if
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you know what the lightning network is
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drop a comment down below if you don't
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know what the lightning network is drop
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that down below really curious i assume
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probably less than half my audience even
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knows where the lightning network is but
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whatever
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jack mullers goes through an educational
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journey
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of payment networks and basically what
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he does is he explains that since 1949
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when diners club was created
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uh which was the first credit card that
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would eventually become um
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i think it eventually becomes mastercard
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i think
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i can't remember exactly the order of
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events but in 1949 it was started and
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that is when a card payment network came
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to fruition for that very first time
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those transactions were going through in
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1949
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three percent charges three percent is
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what
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the car networks charge the retailers
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for accepting a credit card so you go
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spend a credit card
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uh the cost is a hundred dollars ninety
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seven dollars goes to a retailer three
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percent goes to the car network jack
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baller's gonna do this entire thing
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where he explains how archaic this
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system is and that there has to be a
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great new system to come in place for
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the first time in 70 years to innovate
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and then he goes on to to basically
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discuss
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what that looks like uh they're uh
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working now light network is working
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with shopify they're working with ncr
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which is the world's biggest point of
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sale system all kinds of companies at
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mcdonald's walgreens ted's montana grill
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um you know yadda yadda bed bath and
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beyond whatever
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oh that's great
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but here's the problem okay the problem
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is
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until
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there is a motivation from the retail
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side to force people to use the
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lightning network via the cash app
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to make their transactions it's great we
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have another alternative but people are
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going to really use it okay here's
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this is why like i think it's so ironic
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this was supposed to be a bitcoin
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conference really exciting
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jack muller's just advertised xrp he
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advertised xrp without
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even
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knowing it
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if you want to go to the diagrams it was
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showing and you were to substitute
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instead of
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retail a person shopping
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a store if instead of that with a card
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network in the middle
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if you were to say
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a bank to a bank
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with the swift network in the middle
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it's the same exact system it's the same
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exact system
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both bitcoin and ripple network are
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networks of value they are not networks
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of information swift and car networks or
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the main card network they are both
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networks of information all they do is
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tell people where the ones and zeros go
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and then people on the back end have to
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come in and make those changes and and
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they charge three percent i don't know
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what the percent that swift uh the swift
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charges or i don't know how the
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breakdown of those payments and charges
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and fees go
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but he was basically explaining
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it's an archaic system it must be
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overthrown today we have the technology
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to do so
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and we now have the network
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but here's the problem for bitcoin jack
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mullers could not
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explain the motivation
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from the retail side the only way that
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we're going to see bitcoin adoption in
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this way
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is if
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the retailers say we're not going to
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accept cards you're only going to be
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able to use the light net network you're
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not going to be able to use the card
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network
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whereas
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with xrp
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all of the motivation
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all the inspiration all the reasons to
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use it
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they're already built into the network
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all you have to do is get hooked up with
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ripple net
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get the technology or get the uh get the
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user interface
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and boom it's right there
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where is the downside you're saving six
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to eight days six to eight business days
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you're saving by using the xrp network
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which
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pales in comparison to the amount of
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time that you're saving you're really
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only saving percentages and dollars with
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the bitcoin system using the lightning
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network whereas with this you're saving
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money you're saving time you're saving
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resources you're able you don't have to
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have people go into the back end of
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ripple net and move all the numbers
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around they're moved instantly and what
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i mean by a a network of information
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versus a network of value just to
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explain i know broken down several times
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a network of information means
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information goes over
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uh goes over a network
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but then the money side of it has to be
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handled later based on the information a
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network of value
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when you push the transaction
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all the money is moving where it needs
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to be instantly
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there's no need to come in on the back
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end
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and so all i kept thinking when jack
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mullers was talking was this is xrp this
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is b2b this is bank debate these are
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remittance portals these are uh inter
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you know cross-border transactions
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this
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is the motivator this is what it is
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it was a neon sign for xrp
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it's evolution the evolution of
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technology the evolution of technology
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says
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that eventually
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we will probably be using the bitcoin
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network it's just on the responsibility
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of the retailers to provide that
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motivation to their customers to use it
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the xrp it's already built in we're
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gonna see xrp adopted
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before
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bitcoin no question about it
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you're talking about the adoption of one
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industry the banking industry versus the
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adoption of a vast number of industries
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that span all of retail in the united
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states it's absolutely insane so i was
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super encouraged when i watched that
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speech this weekend or this week and i
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was just so glad that as i was watching
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it
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i was i was watching it already knowing
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that like wow what an advertisement for
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xrp for the xrp army if you're in the
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xrp army make sure to throw the x up
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make sure to hit that like button let
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them know you're in the chat can't wait
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to be back live in studio tomorrow
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that's all i got people ask
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