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RE: RIPPLE NOT A CRYPTOCURRENCY!!?

in #ripple7 years ago

It can also be printed on demand, and when used its destroyed.

Am glad you brought that point up! I posted this up from Ripple the other day, FAQs. Note question 9: Can Ripple create more XRP?:

https://steemit.com/cryptocurrency/@agere/frequetly-asked-questions-about-ripple-xrp-discussion

What you think?? BS?

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It may or may not be true, but can still be a store of value somewhat. Though I think there are many better choices. Just seems Ripple is going for the integrating with banks route instead of a more adaptable, open and flexible coin.

I would say this is correct atm.

Ripple understands each coin needs an actual use case.

Theirs is banks

That does not make them a shit coin

It actually makes them one of the few coins with an actual current real-world use case it is fighting to solve.

That's a really fair point. Makes me think that this is where Stellar Lumens can capitalise

This is b.s, there will never be more xrp created. It's fud that is spread far and wide. I would challenge anyone to show us where and how this could happen.

Where and how what can happen? More XRP being generated?

Yes, i hear this all the time. I am yet to find one shred of evidence that this is the case.