An interview with Jed McCaleb, co-founder of both Ripple and Stellar, has resurfaced, revival Discussions around XRP and XLM.
Originally an interview Broadcast It was recently shared by CNBC in March 2018 by the star community member “Stellar Expert.” In addition to the clip, he asked a few questions about Ripple’s practices, XRP structure.
McCaleb reveals why he left Ripple
In the interview, Makalev He explained that he would leave Ripple and build a network with different philosophies. He said he wanted to create something that is more open, more decentralized and less connected to a single organization.
Based on this, Stellar experts asked why Ripple “continues to dump on retail,” why companies can change network rules, why Ripplenet relies on a group of validators linked to Ripple Labs, and why XRP can play for everyday users, given Ripple’s focus on banks and facilities.
$xrp community, watch this video and really answer this to me:
1. Why did Ripple dump XRP at retailers?
2. If Ripple can change rules, how does it differ from Swift or PayPal in blockchain branding, not Tradfi?
3. Why ripplenet is running…pic.twitter.com/gz6z0gcwia
– July 15th, 2025, Stellar Expert (@stellarexpert)
Ripple Escrow is released
In particular, there is an answer to his first question. Escrow System Ripple is back in 2017. The company has locked 55 billion XRP into a monthly time-based contract that releases 1 billion tokens each month.
However, it’s not all It’s over market. Unused tokens simply Returning to Escrow, Ripple will publish regular reports detailing these moves. The goal is not to flood the market, but to support payment infrastructure, particularly for on-demand liquidity (ODL), which uses XRP to resolve cross-border payments.
These sales generally Go to financial institutions and liquidity partner, do not have Retailer. Specifically, the company designed the system. for Transparency and stability, do not have Short-term profit. Ripple CTO David Schwartz They insisted there was nothing more that could be done with their big XRP stash.
Does Ripple have unsuspecting control of XRPL?
Meanwhile, the second question Focus on common Misunderstanding. especially, Ripple does not control how the XRP ledger works. Updates or changes to the network Must do Get approval from at least 80% of validators on the network that A level of agreement is required Owned 2 weeks ago Anything can be entered effect.
Ripple itself operates only one validator out of over 150 worldwide. So ripples It has an influence Because of its popularity, it cannot be forced to change networks without consensus from the broader community.
Alsothe third question, About Validator Control, Build Above Second. Ripple exposes a default list of trusted validators called Unique Node Lists (UNLs), but that The list is not fixedand Anyone can choose their own.
Additionally, validators on the network include universities, independent developers, interactions and other organizations. This means that a single group containing Ripple cannot make a decision Solely.
XRP still has utilities beyond bank use
Finally, when it comes to public use of XRP, tokens play a much greater role than supporting Ripplenet. XRP designs are more attractive to financial institutions and banks; XRP ledger It’s open source, and Anyone can Building on it use Its function.
The developer created a distributed exchange that running Since 2012, Allow people Trade assets with minimal fees. Other projects use networks for NFTs, tokenized real estate, and even stub coins like RLUSD.
Individuals can use XRP to send money in seconds. And this is Helps with transfers and micropayments. It can also be used on major exchanges and wallet apps. In other words, access to XRP is not limited to institutions.