CHAPTER MARKERS: 0:09- Introduction 1:35- Chris Larsen's Origin Story 4:35- The Story of E-loan. 8:40- Chris Larsen's greatest challenge starting E-loan. 11:25- His advice for all future & present entrepreneurs and What makes a great entrepreneur 16:52- The Overview & Creation of Ripple and XRP. 20:45- How Chris Larsen got into cryptocurrency. 22:15: Chris Larsen’s opinion on Bitcoin and its energy usage 23:24- What makes XRP so valuable? 24:30- What is a cryptocurrency? 25:00- When is something a currency and when is it a security? 25:55- Store of Value in a cryptocurrency  26:50- The Concept of Fungibility  29:45- Is All Fiat Virtual? 30:50- Paying Taxes with Cryptocurrency 31:30- The Idea of Value & Price of a Cryptocurrency. 33:12- The main differences & use cases between cryptocurrencies. 34:50- The Cryptocurrency World is Tribal  37:35- How cryptocurrency transactions work on XRP Ledger & in General. 40:40- How blockchains work using clean & bad energy 45:40- What to know before entering the cryptocurrency world. 46:10- Is XRP really decentralized? 48:20- Chris’s views on Dogecoin and Elon Musk’s recent dip in Bitcoin. 50:35- How to start investing in the cryptocurrency world. 53:47- Outro On today’s episode we have Chris Larsen, a successful angel investor, and entrepreneur who has founded numerous Bay Area startups. Today we will hear about his origin story and his thoughts on recent cryptocurrency trends. He is best known for being one of the co-founders, Former CEO, and current Executive Chairman of Ripple, a global blockchain software company that is used widely around the world. Larsen received praise, as he was able to create seamless financial transactions through blockchain payments with people on a global scale.  Chris was the richest person in cryptocurrency until early this year and ranked #319 on the Forbes 400 list with a peak net worth of $4.6 Billion. Chris helped create one of if not the largest real-time gross settlement, currency exchange, and remittance networks in the world called Ripple. His company Ripple Labs specializes in the digital asset XRP, helping facilitate value transfer around the world. XRP has grown 30,000% from 2017 to 2018, surpassing crypto giants like Ethereum, and became the 2nd largest digital currency by market capitalization in the world.  He is also responsible for the creation of E-loan in the 1990s, one of the first online mortgage lending services in the United States. E-Loan became the first company to freely provide consumers' FICO credit scores. He continued to run the growing company until it was bought out in 2005. A year later, he founded Prosper Marketplace. Its focus was to create a more personalized peer-to-peer lending service, which connected people on a global scale.  He has made his mark as one of the most influential CEOs in the blockchain world. Gaining the respect of his peers, he has shown time and time again his deep understanding and success with cryptocurrency. Mr. Larsen has changed the world for the better, and I hope you all learn something new from this brilliant man.  If you are loving the show please go ahead and follow us on your favorite podcast app., and leave us a review on apple podcasts. You can get in touch with us by email at [email protected], where you can send us your questions and be featured in the podcast.  Enjoy the episode!!!