But it was not designed for banks, Ripple hijacked it to develop their business to market to banks. Ryan Fugger designed it for public p2p payments & personal/ social trust assignment. The three founders Mcelleb Schwarts & Britto took it on & turned it into an institutional organisation. But it still remains a public good for the public or retail sectors to utilise & build upon. See the difference? Ripple is just one company building on XRPLedger? An advantaged Co I agree. But others can utilise also. No need to rely on Ripple.
Hahahaha $XRP whales are worried about my viral video so they paying clowns to read off a script to keep them in line
I mean literally look at him read the script
@VincentSco72192 And if digital money increases the frequency of payments the same way email increased the frequency of communication (snail mail letters vs. email in quantity) then XRP will be much more deflationary than we are all imagining in today’s payment ecosystem.
@Kim13910486 There is a finite supply of 100, billion and a little bit is burned through fees not very much but they can’t make anymore. The reason the supply keeps increasing is because there’s an escrow and a lot of it was locked away. Now they’re starting to unlock that 1 billion per month
XRP superfans, you claim that a large amount of #XRP is burned through transaction fees, but why has the supply increased over time instead of decreasing? Please explain.
@DebbieLab4783@Kim13910486 My question is - if xrp makes payments easier to facilitate and they increase 10x in frequency, then the burn rate may become important.
@eyeopenamerica3 My biggest unknown now has to do with the token’s velocity. How many times will it move per day. I find the projections of a token only moving 8 times a year, a joke. My gut says it will move hundreds of times a year.
I'm getting a lot of comments about XRP price and why it's not moving so let me explain once more how XRP price is determined for the new people to this space and those that still have trouble understanding🧵
I’ve always disregarded arguments that #XRP ‘s transaction costs are a deflationary pressure cause 0.0002 is cheap. But when @JoelKatz argues that the amount of payments will 10-100x in frequency bc xrp makes payments easier. That peaks my interest. XRP army-pls do the math!
@strivex_ I feel like the community has the least amount of info on velocity. Where can we find more info on what appropriate velocity projections are? If xrp settles in 3-5 seconds, why on earth would it only move 8 times a year ?
📈XRP TO REACH $19....
If XRP captures just 5% of the $190T global cross-border payments market at a velocity of 8, the math points to a ~$1.19T network value—implying roughly $19 per XRP based on today’s supply.
But this isn’t a prediction—it’s a high-level scenario where adoption, utility, and especially velocity can dramatically shift the outcome, turning that $19 either much higher… or sharply lower.
@newstart_2024wtfhappenedin1971.com - the two income house hold MASKED for an entire generation the devastation of what going off the gold standard did to society.
What if the biggest “win” for families in the last 50 years was actually a trap?
Rory Sutherland dropped this on Alex O’Connor’s podcast: The two-income household started as a nice option. Both partners work, more money comes in. Feels great at first.
Then reality shifted. Governments got double the tax. Existing homeowners watched their property values soar. House prices rose to match two salaries.
Suddenly one income wasn’t enough anymore — even for high-earning singles like consultant surgeons. Families traded ~35 hours of free time per week for only modest gains in lifestyle.
What began as freedom quietly became an obligation. And it left single people and parents who want to raise their own kids at a real disadvantage.
This one stings because we sold it as pure progress.
Personally, it makes me question how many modern “upgrades” we’ve normalized without counting the real cost — especially lost time with family.
What’s something you once thought was clear progress that now feels like it came with a heavier price than we admitted?
@grok Ok, so you said there is no XRP involvement currently, but GTreasury just implemented the use of XRP. So, does that mean XRP “can” be used in the current system?
@EleanorGirl08 In my limited knowledge, xrp moves/will move money the way email moves communication. What would the market cap be of the internet or email? They are protocols. People struggle separating Ripple the company from XRP the token / ledger
Please forgive my ignorance, but I am genuinely curious
I hold a not insignificant amount of XRP enough, at least, to realize that if the price of XRP were to skyrocket, my holdings would be worth a considerable sum. However, I constantly see people pointing out that XRP's market capitalization and circulating supply dictate that its price could never exceed $100 per token.
Then I hear counterarguments suggesting that market cap metrics do not apply to XRP, and that utility is what truly matters. Others claim that if XRP is to achieve widespread adoption, the price per token "must" be very high (upwards of $1,000) yet, I recall Ripple's CTO stating that the price of XRP does not need to be astronomically high in order to function effectively.
Could anyone please explain this to me in greater detail?
Thanks in advance
Ivanka Trump steps out wearing “NORTH STAR” fabric. 👀
Right after @bgarlinghouse (Ripple CEO) tweets that XRP is Ripple’s North Star.
And the fabric code? PE-589.
North Star = guiding light.
XRP = Ripple’s guiding light.
PE-589… what’s the hidden message here?
@MasonVersluis So if banks and sovereigns need an instant way to move money in our tech driven feature, which chain do you think they would choose? The cheap or expensive ones?
The XRPL has always been described by @JoelKatz and @bgarlinghouse as a public good, not a money making ploy.
Problem with $XRP and $HBAR...
The companies my wife and I built make MORE MONEY every 24 hours, than the Hedera chain does, and the XRP chain does...
Last 24 hours (HBAR): $421
Last 24 hours (XRP): $449
For reference:
Last 24 hours (Ethereum): $1,520,000
Last 24 hours (Solana): $414,709
@pumpius@JoelKatz I’ve absolutely seen those tats before. Might be 24 hours crypto, or salute. I’m sure it’s one of the communities anonymous influencers
🚨 BREAKING: @JoelKatz CAUGHT RED-HANDED WITH A LIVING 589 RIDDLE!
David Schwartz, the Ripple CTO himself, sitting at the table across from a guy with “589” tattooed boldly on his hand.
A permanent ink prophecy staring back at him.
The number David “accidentally” keeps bumping into in gas prices, orange juice futures, BTC wallets, and now real life.
Coincidence? Or is the universe (and David) winking at us harder than ever?
$589 loading…
Who else got chills? 👀🖐️
@SharkPixel@pete_rizzo_@ben_mckenzie i am from Afghanistan, you are making this up, you are right about women having no wrights in Afghanistan under the terror group, but no one is actually using Bitcoin in Afghanistan, it is not useable as means of daily transactions.
ACTOR BEN MCKENZIE JUST HAD AN ABSOLUTE MELTDOWN OVER #BITCOIN ON LIVE TV
"JEFFREY EPSTEIN FUNDED BTC DEVELOPMENT"
"IT IS FULL OF LIES. IT IS FULL OF CRIMINALS"
"NO ONE REALLY USES IT" 🤡
@pete_rizzo_@ben_mckenzie Must also have not attended the ENTIRE CONFERENCE put on by the HUMAN RIGHTS FOUNDATION last year all about Bitcoin. Ben should check his FINANCIAL PRIVILEGE before speaking on issues he obviously knows nothing about.
@pete_rizzo_@ben_mckenzie Must also be supportive then, of governments having the right to steal 40% of the money in every citizens’ bank account OVERNIGHT as happened in Cypress in 2015.