White Hat Genius
- Nov 7, 2016
I already posted this.Hmm - I think the token burn happens only if a significant number of people/banks use XRP as a non-volatile means of transfer for cross border payments - and that is not possible now that there are a lot of USD/Gold pegged stable currencies doing just that. For 100 billion coins to reach $1000 each , the market cap of XRP has to be around 100 trillion? Even if A LOT of people use XRP SOMEHOW and burn half the tokens , it still has to be 50 trillion in market cap. That's not possible. To make matters worse, 60% of supply is with their parent company which means its not really "decentralized".
If the major banks and wiring systems pick up coins... it will use almost all of these coins alone.
Agreed, the major news has to be announced but it's already been worked on and there's paperwork that's made the underground news world already before. They signed deals from all I can see.
Ripple technology is not decentralized.... it's not designed for that. IT's designed to be a coin that people can use for current standards of business at a faster speed and to lower the costs involved. They don't care about the people who are crooked using it. they're taking something that was done in Asia and making it better, and making it English, and believe it's coming.
Somewhere above I wrote how many transactions are done daily in wires... it will eat those coins.
You think Ripple's billion dollar investors, who also have now have college graduate programs in universiites, didn't study all this? The amount of coins they have is all based on projected use and also reserving coins for the 'game changers' they want to 'pass the ball' to
My REALITY on the XRP since my last plays were 2cent gains on each 18 cents i spent... or ... basically about a 10% return on the US dollar spent.
Your reality can be whatever you want but this money, in my account, is real. And it's going higher.