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RE: Do Cryptocurrency Speculators Fear Utility?

in #discussion7 years ago

I dug into the Ripple token and rapidly became less excited as I studied it. I think 99.9% have got the wrong end of the stick.

The trouble is that even if the Ripple system replaces SWIFT, banks won't need to hold more that a few dollars worth of Ripple each. Nobody else needs them, so the supply will exceed the utility.