Ripple and XRP – Revolution or Scam?

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6 Responses

  1. Mr. Karl B. hensel says:

    XRP faces no real challengers at the moment. The huge supply and 2/3 being held in escrow are factors that can not be overlooked. The dependency on conventional financial institutions are being challenged by decentralized alternatives which should decrease the demand for XRP in the near future. Tokens with additional features and functionality are being developed more and more as the technology develops. I for one believe the current price is inflated and should settle back to the .25 to .27 range sometime soon. This is just my opinion and not investment advice.

    • Michael says:

      1B per month withdraw for Ripple labs on the locked portion

      • CHRISTOPHER G JULIANO says:

        Can you explain what you mean about 1B per month withdraw? I don’t understand what that will do to the value of XRP.

        • Jero says:

          Ripple creators put a crypto-lock on the non-marketed XRP. So they can only put a portion (sell XRP that was not available for trading before) per month out there. I am not 100% sure, but I think Michael refers to the amount that they can sell combined with the current exchange value. So they could sell the worth of 1B per month. Making them very rich and potentially cause inflation, a decrease of the XRP value

          • matt says:

            They dont sell it …. They dont need to man they own enough if they wanted to get rich its already done. they gift majority to financial instituitons who agree to test out RIpple Connect and its an instentive for them to use the currency nativve to the ledger … XRP. and 2 the banks save money on each transaction made with with XRP like a few dollars per transaction opposed to using fiat .

            the left over coins get put back into escrow for the 55th month to control potential inflation from the XRP being added to circulation

  2. Jeff Hill says:

    Great point demonstrating how different coin supplies lead to a significantly different coin valuations. I have heard many exclaim that coin X is “cheap as it’s under £10”, market capitalization is a much better measure. Adjusting the supply of other coins to that of Bitcoin is a neat way of looking at it, thanks for sharing.

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