If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release.
I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen.
well the point was to take of fear that ripple might suddenly do a surprise dump. now there is no such chance, even if you held them under the gun. Escrow is one and done.
btw, 100 bil coin has never been a problem at all, if they even take 3% of swift's load they will need to reprice XRP at 3 usd each to provide adequate liquidity and collateral availability for 300 Billion USD movement.
the problem was always
"what if ripple someday unannounced come and dump coin in the market ?" and i believe that has been completely addressed.The real fear should be the fact that XRP is centralized and they can freeze and reverse the funds of anybody they wanted. If we look at why cryptocurrency had value in the first place it was 3 reasons. Assured scarcity, escape from government and third party manipulation, and as a safe haven or dark markets. That whole escaping from manipulation is not something backing the value of XRP.
I do not know the full details of that escrow and XRP distribution plan but one thing I do know is that XRP's value right now is purely the result of hedging and many newcomers in cryptocurrency trying to hedge into the next big thing. I have been right on a lot of coins. I've called exactly where the Dash pump would retrace, when and why the PivX bubble would pop. XRP will retrace to 20-30 cents
When the dollar collapses, it won't be XRP mooning in the end but rather BTC w/ SegWit in due time and eventual LN, NEM, and Dash if they get evolution functioning as promised. There are coins within top 30 that could be up there but need some more development time. XRP will never be the digital currency by the people for the people when the big wigs sink the economy down and leave us all for dead probably doing insider stuff to rip us off deeper into poverty first
wrong !
They cannot freeze, RCL will be more decentralized then bitcoin, neither can they reverse transactions, and it will be perfectly legal and you wont have to worry about segwit or fork, Chinese mining mafia nor Mt Gox... Go figure !
btw next time u spout fake lines, give sources.
btw have the unconfirmed transactions on bitcoin come down yet ? (
https://blockchain.info/unconfirmed-transactions)
and u talk about centralization ? LOL who is begging for ETF approvals... man the bladder of Hypocrisy
Ripple is one of the best coins out there ... I treat it like Ethereum
http://insidebitcoins.com/news/not-so-decentralized-ripple-freezes-1m-in-user-funds/31862XRP freezing funds, here you go
BTC is an established coin that is actually decentralized. The centralization you refer to is miners but they can not manipulate it to the degree that XRP can be. The BTC transaction lag will be a thing of the past when LN gets implemented in. You also make a lot of assumptions about me. BTC is like 5% of my crypto portfolio at the moment. Normally I am the one fighting the BTC maximalist but apparently I am one in your eyes because you went far as spouting ETF nonsense to me lol. If you can't come up with better arguments, I am not even responding again.
You just want your XRP to go up in value but I will repeat what I said before. XRP has zero value in the decentralization aspect. You are just praying for XRP to become the federal reserve 2.0 and if that happens XRP is no more valuable than the dollar in the end. We use credit cards and online banking as is so in a way we already are treating the dollar as a digital asset that is just a pixel in a bank account. XRP will be no different to the average user in the end. The value right now in XRP is purely for banks, and speculators.