XRP
$0.46321 -0.06%
XRP · 9w

Honest question about Ripple Labs / XRP..

If XRapid / XCurrent were to become globally adopted, would it makes sense for one company to hold the reigns on inflation/deflation? I understand they have the remaining XRP in escrow, but is that enough? One thing I'd like to propose that may not be very popular, but in all seriousness, should Ripple consider giving custody of it's 55+ billion remaining XRP over to the Federal reserve or a global reserve, or something like this? Are economies and their inflation/deflation really going to be left in the hands of Ripple? I have serious doubts about this authority. I also get that many people don't trust the Fed, but what's more likely for widespread adoption? From Ripple's site: We use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional purchasers We’ll then return whatever is unused at the end of each month to the back of the escrow rotation. For example, if 500M XRP remain unspent at the end of the first month, those 500M XRP will be placed into a new escrow account set to expire in month 55. For comparison, Ripple has sold on average 300M XRP per month for the past 18 months. This power will be Ripple's for the next 5 years, and who's to say they cant make more than the 100 billion XRP?
Go to self.Ripple
Recent news
XRP -0.06% · u.today · 18h

How High XRP Price Can Go?

Despite its ebbing price, XPR is likely to appear at the forefront of financial revolution
XRP -0.06% · youtu.be · 20h

Paging /u/Hodor7777

What do you say to people who want to go to the MOON? How to react when people spread FUD? What can you do if you bought the dip but it keeps dipping? We par...
22
XRP -0.06% · twitter.com · 20h

MoneyNetInt Joins RippleNet

Proud to welcome MoneyNetInt to our growing family of Ripple-enabled payment institutions. The global Ripple network grows & grows. #internetofvalue https://t.co/qEvZxJdXS4— Marcus Treacher (@mar...
XRP -0.06% · twitter.com · 22h

Mojaloop to implement ILP and COIL

We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse— Miller Abel (@MillerAbel_) October 17,...