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Ripple Used By “All The Banks In India” , Libra Worse Than 9/11 And XRP Rising

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6 Comments

  1. Lets get serious:

    More XRP are held by Ripple than there are currently in circulation: 55 billion vs. 45 billion. 1 billion XRP will be released by Ripple once every 55 months, with all unused XRP returning to the escrow account at the end of each month. That means with XRP at a price of let’s say 10 USD somebody has to buy XRP for 10 billion USD each month. Who could this possibly be? The balance sheet of the federal reserve is about 4 trillion USD. Ripple the company would be worth more than 13 % of the federal reserve.

    XRP standing at about 70 USD would mean Ripple would be worth more than the federal reserve. That would be an inconceivable power for a private company. So I’m guessing that Ripple has to give away the most part of its escrow to IMF, BIS, Fed, ECB, UNO or Israel (you name it) or destroy the most of it.

    The release of 1 billion XRP per month means an inflation rate of more than 2% per month or about 25% per year. That’s even more than that of the USD.
    There is no information about to whom Ripple sells this 1 billion XRP and at which price, there’s a lack of transparency.

    A significant price increase of XRP (in relation to BTC) is not to be expected before the escrow is empty, let’s say in about 5 years. Until then XRP is likely to underperform BTC. Sudden spikes in price like that end of 2017 (induced by not well informed speculators) should be used to switch to BTC.

    I also would like to know why countries like China, Russia, Iran or Venezuela should use a crypto currency of a company located in the United States.The jurisdiction of the US is not considered to be predictable anymore.

    I’m fully aware of the ILP advantages. Ripple is trying to replace SWIFT, which transacts about 6 trillion USD – each day. But that does not mean that XRP has to increase beyond reason. You as an owner of XRP are not participating in the success as Ripple the company. You may try to buy some Ripple stocks OTC – if you are a millionaire already.

    Remain reasonable and don’t forget the supply side of the price equation.

  2. What if the government and Mark Zuckerberg got into bed and allowed Libra to flourish-wouldn't that be a good way to track facebook users financial habits-giving the government more leverage over their "enemies" because we all know how much facebook respects the privacy of your data.

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