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ringaroundthetx | 8 years ago

All ripple accounts require 20 xrp which cannot be moved so this is an impossibility to begin with

Xrp holders have some function in the network, I forgot

And you could name the price for anyone else that wanted xrp or to use the network

Although I would say Ripple’s XRP is not the settlement solution Id be looking for, I wouldnt say owning 99.999% of them makes it worthless

Owning all of a commodity doesnt make it worthless, even when that commodity is a unique collection of cryptographic signatures

discuss

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keymone|8 years ago

if i have 20 ripple but can't spend them - how is that different from having 0 ripple?

imtringued|8 years ago

You gave someone else $40 for free.

ringaroundthetx|8 years ago

Thats not the point, the xrp being cannot be bought by one entity because there are already millions of addresses and this has a helpful effect on the network and was designed for this exact scenario

Read up on it yourself, I think its some form of staking or validating

Im not the evangelist of Ripple just because Im not succumbing to widespread ignorance and flawed analogies