Stefan Thomas: 'One Day We Will Decentralize Ripple'
Ripple has never been a favorite in Bitcoin circles, although it has grabbed the attention of banks and remittance powerhouse Western Union. Ripple Labs CTO Stefan Thomas cleared some misconceptions about the remittance system—which has been criticized for requiring a verified ID as well as for having a centralized system—in an interview with Epicenter Bitcoin. He explained how the protocol works, why the goal is for a more decentralized protocol, and how the company aims to disrupt the outdated banking system. Thomas explained that the original idea behind Ripple was to counter the....
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The chief technology officer of Ripple and the guy who introduced Bitcoin to millions of viewers, Stefan Thomas, now has a different attitude concerning blockchain technology. Does the Blockchain Make Everything Awesome? In a Medium blog post, Stefan Thomas, the creator of the YouTube video “What is Bitcoin?” and one of the developers who helped Gavin....
Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC "because that was the fastest and easiest number to type" for his experiments. David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin. In a Quora post on Thursday, Schwartz said recent reports about former Ripple CTO Stefan Thomas forgetting the password to an encrypted hard drive containing thousands of Bitcoin (BTC) were true, but added Thomas had also lost access to hundreds of coins when the....
Earlier today, Stefan Thomas took to bitcointalk to announce that Bitfinex had passed their Proof of Solvency audit. The audit was conducted from Thomas's home office in San Francisco and occurred on April 5th and 6th. Bitfinex has hinted that they will be subject themselves to regular audits with different auditors each time in the continuing effort to reassure suspicious customers. In the aftermath of the Mt. Gox implosion, Bitcoiners have finally started exerting the bottom up pressure necessary to force Bitcoin exchanges to prove they aren't running a fractional reserve exchange. This....
Ripple Labs has created a lot of interest in blockchain technology with its Interledger Protocol (ILP), including from Apple and Google, according to the International Business Times. The ILP could be bringing the technology to more widespread use. Ripple serves as co-chair of W3C’s Web Payments Working Group, putting the company in regular contact with technology providers. Stefan Thomas, Ripple’s chief technology officer, said Apple, Google, Mozilla and other players are seeking a better user experience for web payments, considering the issues they face relying on card networks. Tech....
OKCoin has passed a Proof of Solvency/Proof of Reserves audit conducted by Stefan Thomas. The audit was announced on Weibo yesterday. Fellow Chinese Bitcoin exchanges, Huobi and BTC China, are also expected to release similar announcements soon. Stefan Thomas previously conducted the same Proof of Solvency/Proof of Reserve audits for Bitfinex and Kraken. Similarly, Bitstamp was able to pass an independent test and prove their solvency to BitcoinJ developer Mike Hearn. OKCoin, along with many other industry-leading Bitcoin exchanges around the world, all now believe that providing Proof of....