It doesn’t take a mathematical genius to figure out when XRP is fully adopted by the world’s banking systems, and corporations XRP will go past bitcoin
As a dev actively working on the XRPL as well as previously worked on ETH I respectfully disagree that BOTH XRP and XLM are solely used in transacting money. I think if u focus on “Value” rather than “Money” then u get into a much broader conversation. Money and Value are not the same… Gold has value but it’s not money, same as other commodities. I can categorically say that there are many non-banking related projects being built on the XRPL that natively use the XRP token. If u think about ETH and ERC20 tokens, XRPL will be much bigger than that.
A real XRPL Dev...very cool. So, let's say, hypothetically, that one of the projects was for tokenization of real-estate. How would that work (in terms of tying up the XRP)?
@@marcdipaolo5142 there’s a few projects involving Real Estate the value would translate over to the documentation e.g. title deeds and other legal paperwork all of which can be wrapped into an NFT for example. That NFT can be given a set value Ie. Property value + other fees etc. with ODL and AMM it opens up additional access to liquidity, think cash transfers, mortgages all directly tied to those NFTs. There’s other factors behind creating this project at least in the UK is that there is a lot of regulation surrounding property ownership and governance.
banks need liquidity and for that the value of xrp needs to be high. example: a US bank will transfer 1 million xrp to 1 bank in europe, if xrp costs 1 dollar, that bank will need 1 million xrp, now if xrp costs 10,000 dollars, that bank will only need 100 xrp , this is liquidity
We have never seen technology payments like xrp or xlm, so it’s kinda easy to know where these two are going because we have never had anything like these two things EVER!
So, what if their plan was to create an initial large supply, to introduce the token to the world, allowing for wallets to be lost and a high burn rate for the low price, keeping most of the supply in escrow, so that a predetermined supply after full adoption could be maintained, and for the excess to be eliminated by Ripple in a sort of overnight reseting of the total xrp supply? Idk if they could do that, even, but it would clear up the how high can it go argument and see that there's plenty of supply for longevity with trillions of dollars in daily transactions globally.
Lewis, even you’ve said in the past transfer of value. Answer also is the ISO20022 in banking. Insurance, lending etc will apply the value vs a bank sending money across to a bank. Also need to think the derivative market
This would make sense, mathematically, having a higher price and bulk remittances, rather than lots of little transactions that that burn the lower value coin out. The switch needs to be flipped before the worst case scenario happens... i think, if i understand it correctly 😂
Just to clarify things....Are you saying that once we enter into a utility driven market and detatch from Bitcoin, we will not see a surge in price for xrp? My understanding of mathematics in this video does not affect the price of xrp regardless of the volume flowing through the ledger? Please correct me if I'm wrong 🙂
I am only going to explain this once. The only way to be truly safe is to have a dedicated computer that does only CRYPTO operations. For example, I have a laptop that has only been used for my crypto and when I am on the computer doing my crypto management and procurement, I am on a VPN. I also purchased a phone for just crypto tasks such as my authenticator stuff. I never and anything else to my dedicated crypto phone. I would also say that your wallet is only safe when you use a paper wallet. I take the computer and phone out only to do once a week and charge them. Now allot of you would say that is very expensive, and I would agree, but, if this crypto market and XRP does what I think it is going to do, I want to know my crypto is safe, and as safe as I can make it!! Good luck to everyone, stay safe and secure! PS love your content Lewy.... 🙂
What about the idea of theres only a finite amount of xrp made..? Eventually, as the use is increased, (DEMAND) and the SUPPLY stays constant.....doesnt the value/price have to increase...???
Why on earth would he, or anyone else be Bullsh*tting?? Ever think of that? none of the genuine guys are bullsh*tting, the only ones b.s.ing are the doubters and the trolls.... Just believe.....and stop doubting Doubting and negativity are the 2 worst things anyone could do
I dont quite get this, if 8 million XRP are burnt then its gone for good isnt it? So you get this accumalitive price gain not just that day, you get it every day as there are fewer and fewer XRP in circulation?
It seems to me that the burn rate would drop as the price of XRP goes up. If you hold the transaction fee constant as price goes up, than the burn rate would drop otherwise we will be out of XRP pretty quickly? One of the primary business benefits of XRP is that it dramatically lowers the transaction cost, if you don't hold the fee constant you end up with much higher transaction costs, correct?
Math is correct but if the burning rate will continue every year tokens suplay will decrease so need to recalculated based on current amount of supplies every day. My opinion high stable price as a stable coin can be sustainable for new financial system for another 100 years if there will be no more money printing available on that new system, they will know how much the price need to be set. There will be total new economy without increasing or decreasing money supply.
Honest topic to chat about: A scary thought is the fact that the total supply of XRP is in the multibillions and when compared to BTC and ETH which have a total supply in the millions could be the reason that the latter two tokens are worth so much and XRP is only worth 50 cents. You guys know what I'm saying?
I really enjoyed that discussion, gets one thinking about how the broader 'Internet of value' is going to almost be a interweaving of related an 'cross-structured-chains' making up a 'value flow dance' The brand new internet of 'value' or internet of 'substance tokenization' if you like..
Why would there be a million drops to each XRP? At $0.01, one XRP=$10K. $1/drop=$1M/XRP. Simple math. But what does it really mean? As someone who worked in and around sofrtware solutions for the largest enterprise and govts on the planets for decades I can tell you that absolutely nothing is ever designed into a piece of software that isn’t deemed to be (and defended and defended and defended again, lol) an absolute necessity. Just a normal part of the Software Dev Lifecycle(SDLC). Anyone in “IT” for real will tell you the same. So why one million discrete slivers? Certainly not because they are meant to be equal to $0.00000005. Right? That’s as much a legit question and it is a legit suggestion/thing to consider.
Hey Lewis, interesting video off subject HSBC accepting xrp dodge and shib for mortgage payments...do you think that's so they don't have to buy it from exchanges? Which would mean we won't see massive surges in price and they would technically be accumulating it for free. 😢 be interesting to hear your views...enjoy NYC.
I had a similar thought, they were acquiring it for EXTREMELY cheap and they know it. That said, they can't do that forever. Eventually the price will explode.
I find the concept interesting. I recall David Schwartz saying that the price of XRP is more useful when it's high, because you use less tokens with a higher value. For example, you could not purchase a home with BTC 10 years ago at £1 per coin. However, today, it would be much easier at £20,000 per coin. Would a similar analogy be applied for mortgage payments in XRP?
There didn’t seem to be absolute certainty that the side chains have their own TPS, so until we get that certainty there is really no point in speculating as IF they are separate - but anyway I appreciate you and this channel - thank you very much.
My thought-chain method won’t work because, for example, I know a concrete company who has subsidiary companies- who also trade in sand and gravel- so I am excited to see this new technology grow. The companies already deal w ledger complexity- then you have to sub subdivide?! I wonder if XRP AND XRAPID(which if used burns an Xrp token) will be for international only because of change in monetary system- no longer will be the FUAT DOLLAR WORLD WIDE! 198 countries- all w their own currency- Xrp to be the bridge..banks will become not a leader but a service facility for currencies exchanges internationally?
More like Anything but GENIUS. There are interviews of Ripple exec’s discussing protocols of XRP cannot be overworked and it’s details of how and why scaled into. Hard to consider anything said here when you also omitted XRP’s TPS rate is 3400.
The burn rate, intent of XRP, needs to factor in that it's intended to use droplets to spread out and create longevity of the XRP. AMM's will be where the money is at and being used as an agnostic currency.
dude, finally a decent scenario fare from the usuel opium, very interesting thanks, lets hope now D Schwartz has these kind of calculation regarding his famous "can't be dirt cheap" quote
If the value of XRP goes up drastically then it would no longer be considered a feasible or cost effective way to move funds across the globe, unless all the commercial players and institutions happen to acquired their XRP before the price goes up.
Something to think about for calculations, the calculations that I’m hearing views state are based on a single year burning 3 billion at the specified rate. If you compounded the 8 million XRP burn daily based on the fact that it’s reducing supply gradually over the year leaving you with only 7 billion XRP by end of year when it that leave you with a smaller pool and therefore at least increase XRP price by 30% over the year unrelated to the burn. So not only do you have the small $.60 price increase for the barn but you would have a 30% price increase based on lesser supply.
In a 3rd dimensional format with 3rd dimensional numerical values and 3rd dimensional minds I would say your right on the money. The problem is we are going to 5th dimensional format through Quantum computing thousands of years in advance of what we currently have. And my biggest problem is what XRPL playground will we end up playing in this digital arena ? What real numbers will we be plugging in ? This is the problem because when the real switch is flipped NESARA will be involved and NESARA brings in One Tredecillion dollars to plug into your theoretical plug and play. Great video but there is so much more People fail to realize this entire switch of financial systems is truly a God Creation. Recognize this and you will get clarity. Blessing sent ❤
They had to make the supply large otherwise it would of went up to fast This way they can work backward and burn off to slowly make it worth more other wise it would cost to much to move it
Average cost per cross border transaction by SWIFT 3-5%. I dont see SWIFT or the banks letting go of that revenue stream. Yes they will create side chains with their own "coin" and continue to charge at these rates. So this is where arbitrage comes in. Second teir banks wanting in on cross border transaction profits using XRP and the XRPL to take a portion of the cross border payments utilizing your XRP through an AMM for the transaction.
As far as I could see (had to see the video two times because I fell asleep during the first one), the number is $700 if the market cap is 7 trillions. That is 280x today's MC, signalling that with today's marketcap, according to his model the price should be around $2.5, so it is 5x undervalued at the moment.
How about using 50 billion XRP in your formula instead of 10 billions?That would lower the price of XRP, at the same time would increase the burn rate and possibly lower the burning fee.
I do not believe factors like burn rate, market cap, etc., will be what determines the "price" of XRP. What will finally establish the price or value, will be the entities utilizing the ledger and XRP. The end users will set that value to be what works best for them.
It doesn’t take a mathematical genius to figure out when XRP is fully adopted by the world’s banking systems, and corporations XRP will go past bitcoin
Thanks!
Wow thank you so much!
As a dev actively working on the XRPL as well as previously worked on ETH I respectfully disagree that BOTH XRP and XLM are solely used in transacting money. I think if u focus on “Value” rather than “Money” then u get into a much broader conversation. Money and Value are not the same… Gold has value but it’s not money, same as other commodities. I can categorically say that there are many non-banking related projects being built on the XRPL that natively use the XRP token. If u think about ETH and ERC20 tokens, XRPL will be much bigger than that.
You are absolutely right and thats actually what Lewis said before as well. It is clearly about value, not just money.
A real XRPL Dev...very cool. So, let's say, hypothetically, that one of the projects was for tokenization of real-estate. How would that work (in terms of tying up the XRP)?
Manila
@@marcdipaolo5142 there’s a few projects involving Real Estate the value would translate over to the documentation e.g. title deeds and other legal paperwork all of which can be wrapped into an NFT for example. That NFT can be given a set value Ie. Property value + other fees etc. with ODL and AMM it opens up additional access to liquidity, think cash transfers, mortgages all directly tied to those NFTs.
There’s other factors behind creating this project at least in the UK is that there is a lot of regulation surrounding property ownership and governance.
What is your educated guess on price prediction for XRP in the short and long term?..
banks need liquidity and for that the value of xrp needs to be high.
example: a US bank will transfer 1 million xrp to 1 bank in europe, if xrp costs 1 dollar, that bank will need 1 million xrp, now if xrp costs 10,000 dollars, that bank will only need 100 xrp , this is liquidity
I didn't know that XRP gets burnt.
Keith from Ireland. I'm enjoying the conversation - very interesting, thanks. Just to add FYI, TPS was updated on XRPL from 1500 to 3500
We have never seen technology payments like xrp or xlm, so it’s kinda easy to know where these two are going because we have never had anything like these two things EVER!
Let the XRP go to $10,000 per unit... Now there's a way.
So what price did he get to?
So, what if their plan was to create an initial large supply, to introduce the token to the world, allowing for wallets to be lost and a high burn rate for the low price, keeping most of the supply in escrow, so that a predetermined supply after full adoption could be maintained, and for the excess to be eliminated by Ripple in a sort of overnight reseting of the total xrp supply? Idk if they could do that, even, but it would clear up the how high can it go argument and see that there's plenty of supply for longevity with trillions of dollars in daily transactions globally.
$589
MATH and TOKENOMICS is laughing
$589 Sounds more realistic now huh lol.
Thanks for saving us half an hour. Not all heroes wear capes.
XRP is not a stock. It’s a technology. Therefore it will be set at whatever price they decide.
This was very informative. I appreciate the analysis and openness of thought. Nicely done
He’s a very cool scientist! 🤓 Seems like a really nice guy. Thank you!
Jackson-Bakkes Model!!
That is amazing and congrats on doing your work so well that a scientist chose to incorporate it and give you credit. #kudos
23:05 transaction fees on the ledger increase as network traffic increases
Daily reminder we’re still at .50 XRP
Lewis, even you’ve said in the past transfer of value. Answer also is the ISO20022 in banking. Insurance, lending etc will apply the value vs a bank sending money across to a bank. Also need to think the derivative market
Be nice to get to a dammm dollar and hold it.. smh
Calm your tits, lol. Investment is a waiting game
Not yet. It would be nice to acquire more before it takes off.
Hi, buddy, Dion! Very unique musician too! Glad to have your brain on XRP!
This would make sense, mathematically, having a higher price and bulk remittances, rather than lots of little transactions that that burn the lower value coin out. The switch needs to be flipped before the worst case scenario happens... i think, if i understand it correctly 😂
Liquidity of the world will drive the price and the use of XRP. I came back and listened twice because you opened my mind. Thank you kind sir
Just to clarify things....Are you saying that once we enter into a utility driven market and detatch from Bitcoin, we will not see a surge in price for xrp? My understanding of mathematics in this video does not affect the price of xrp regardless of the volume flowing through the ledger? Please correct me if I'm wrong 🙂
Great Probing into the Journey of the possible stable price of XRP 👍🏻 Thank You and Well Done!
I am only going to explain this once. The only way to be truly safe is to have a dedicated computer that does only CRYPTO operations. For example, I have a laptop that has only been used for my crypto and when I am on the computer doing my crypto management and procurement, I am on a VPN. I also purchased a phone for just crypto tasks such as my authenticator stuff. I never and anything else to my dedicated crypto phone. I would also say that your wallet is only safe when you use a paper wallet. I take the computer and phone out only to do once a week and charge them. Now allot of you would say that is very expensive, and I would agree, but, if this crypto market and XRP does what I think it is going to do, I want to know my crypto is safe, and as safe as I can make it!! Good luck to everyone, stay safe and secure! PS love your content Lewy.... 🙂
Thanks Lewis 👍
Thanks Lewis... good job on bringing the info
What about the idea of theres only a finite amount of xrp made..? Eventually, as the use is increased, (DEMAND) and the SUPPLY stays constant.....doesnt the value/price have to increase...???
David Schwartz said xrp has to have a high value. Gotta wonder what his math is? Unless he’s BS’ing.
But what would be considered high value to Schwartz ? $15 or $500
He provided no math.
My guess is David shwartz is not to far off lol
Why on earth would he, or anyone else be Bullsh*tting??
Ever think of that?
none of the genuine guys are bullsh*tting, the only ones b.s.ing are the doubters and the trolls....
Just believe.....and stop doubting
Doubting and negativity are the 2 worst things anyone could do
Not his math, he said it was designed to run at 10000.00 plus. They can set a price. Burn all the escrow and bam.
I dont quite get this, if 8 million XRP are burnt then its gone for good isnt it? So you get this accumalitive price gain not just that day, you get it every day as there are fewer and fewer XRP in circulation?
I don't understand about the price will be 700k? Or more than 1M?
Brilliant discussion, thank you Lewis :)
Did you mention the average manipulation rate as well?
Super appreciated conversation.
It seems to me that the burn rate would drop as the price of XRP goes up. If you hold the transaction fee constant as price goes up, than the burn rate would drop otherwise we will be out of XRP pretty quickly? One of the primary business benefits of XRP is that it dramatically lowers the transaction cost, if you don't hold the fee constant you end up with much higher transaction costs, correct?
Its Laslo from Real Genius!
Math is correct but if the burning rate will continue every year tokens suplay will decrease so need to recalculated based on current amount of supplies every day. My opinion high stable price as a stable coin can be sustainable for new financial system for another 100 years if there will be no more money printing available on that new system, they will know how much the price need to be set. There will be total new economy without increasing or decreasing money supply.
The guy forehead affirm to me hes a Genious.
Honest topic to chat about: A scary thought is the fact that the total supply of XRP is in the multibillions and when compared to BTC and ETH which have a total supply in the millions could be the reason that the latter two tokens are worth so much and XRP is only worth 50 cents. You guys know what I'm saying?
Nice job 😊
Thanks for sharing
Yay!! A South African accent... What a great way to start the day.. Regards from Spain. 😊
Price, speculation, price ,speculation. Done with this community, time to become a link marine. No more speculation. GL.
look forward to meet you Lewis on Friday, hope you stick around.
I really enjoyed that discussion, gets one thinking about how the broader 'Internet of value' is going to almost be a interweaving of related an 'cross-structured-chains' making up a 'value flow dance' The brand new internet of 'value' or internet of 'substance tokenization' if you like..
So with his calulations xrp would hit 700.00 usd at best ?
You are essentially saying, price will remain under 1$ for ever!!
Hi Lewis. Appreciate your efforts. Watching you from South Africa 🇿🇦. Enjoy the party 🎉 bud 👍
Very interesting indeed, thanks both!
XRP price will be approx. 120 - 130.-Usd until Dec. 2025!
Hi my Friend, what do u Think, how high could be XRP?
are we there yet?
Is the burn rate burning a Whole XRP OR THE DROPS TO WHOLE XRP???
Burning drops
Xrpl website says 10 drops per transaction
Why would there be a million drops to each XRP? At $0.01, one XRP=$10K. $1/drop=$1M/XRP. Simple math. But what does it really mean? As someone who worked in and around sofrtware solutions for the largest enterprise and govts on the planets for decades I can tell you that absolutely nothing is ever designed into a piece of software that isn’t deemed to be (and defended and defended and defended again, lol) an absolute necessity. Just a normal part of the Software Dev Lifecycle(SDLC). Anyone in “IT” for real will tell you the same. So why one million discrete slivers? Certainly not because they are meant to be equal to $0.00000005. Right? That’s as much a legit question and it is a legit suggestion/thing to consider.
The way I understand it, the burn rate is in drops bc 1 XRP can be traded up to 7 times in a day.
Hey Lewis, interesting video off subject HSBC accepting xrp dodge and shib for mortgage payments...do you think that's so they don't have to buy it from exchanges? Which would mean we won't see massive surges in price and they would technically be accumulating it for free. 😢 be interesting to hear your views...enjoy NYC.
I had a similar thought, they were acquiring it for EXTREMELY cheap and they know it. That said, they can't do that forever. Eventually the price will explode.
I find the concept interesting.
I recall David Schwartz saying that the price of XRP is more useful when it's high, because you use less tokens with a higher value. For example, you could not purchase a home with BTC 10 years ago at £1 per coin. However, today, it would be much easier at £20,000 per coin.
Would a similar analogy be applied for mortgage payments in XRP?
Just Wow!!! Shib for mortgage payments. Glad we all stocked up on the cheap!!! XShibDoge
Jackson could u please do this with xlm?
I’d love to see Backus and Schwartz sit down and hash these things out.
They’d probably end up with XRP 2.0 in 10 minutes.
the forehead tells they're brilliant😂
There didn’t seem to be absolute certainty that the side chains have their own TPS, so until we get that certainty there is really no point in speculating as IF they are separate - but anyway I appreciate you and this channel - thank you very much.
Vechain to monitor import and export
What do would the price be if XRP becomes the reserve currency?
is market cap the only thing that will set xrp market cap?
The price can't be cheap or low. Once the switch is flipped.
My thought-chain method won’t work because, for example, I know a concrete company who has subsidiary companies- who also trade in sand and gravel- so I am excited to see this new technology grow. The companies already deal w ledger complexity- then you have to sub subdivide?! I wonder if XRP AND XRAPID(which if used burns an Xrp token) will be for international only because of change in monetary system- no longer will be the FUAT DOLLAR WORLD WIDE! 198 countries- all w their own currency- Xrp to be the bridge..banks will become not a leader but a service facility for currencies exchanges internationally?
XRP is Next BTC ❤
So you said $7400 xrp price and NOW what is your revised price based on this video?????????
A bit over a buck. 😢
More like Anything but GENIUS.
There are interviews of Ripple exec’s discussing protocols of XRP cannot be overworked and it’s details of how and why scaled into. Hard to consider anything said here when you also omitted XRP’s TPS rate is 3400.
So what price did he come away with
The burn rate, intent of XRP, needs to factor in that it's intended to use droplets to spread out and create longevity of the XRP. AMM's will be where the money is at and being used as an agnostic currency.
Yeah but he’s factoring in 1000 TPS at settlement. Ripple is saying 3400 TPS
dude, finally a decent scenario fare from the usuel opium, very interesting thanks, lets hope now D Schwartz has these kind of calculation regarding his famous "can't be dirt cheap" quote
Good analysis. If the price goes up even a seemingly insignificant amount it's a good thing for xrp holders ain't it right?
Wouldn’t you have to take into account the number of transactions 1 xrp would be used for
If the value of XRP goes up drastically then it would no longer be considered a feasible or cost effective way to move funds across the globe, unless all the commercial players and institutions happen to acquired their XRP before the price goes up.
Something to think about for calculations, the calculations that I’m hearing views state are based on a single year burning 3 billion at the specified rate.
If you compounded the 8 million XRP burn daily based on the fact that it’s reducing supply gradually over the year leaving you with only 7 billion XRP by end of year when it that leave you with a smaller pool and therefore at least increase XRP price by 30% over the year unrelated to the burn. So not only do you have the small $.60 price increase for the barn but you would have a 30% price increase based on lesser supply.
So......is Xahau going to be part of the discussion? Isn't it a 1:1 XRP burn??
Yoooo! That scientist reminds me of the scientist from The Green Lantern.
95% of retail will dump at 10 USD , lot of folks are tired hodling….
Including me
Cant blame em....we did miss a whole 2021 bullrun...
And others will buy at that time.
Not the whole bag 95% wont sell whole bag... r u mental?
Ok I see the 7T (trillion) figure in the Excel spreadsheet. Where is that number coming from, just taken out of thin air?
Did you allow for reserves ?
In a 3rd dimensional format with 3rd dimensional numerical values and 3rd dimensional minds I would say your right on the money. The problem is we are going to 5th dimensional format through Quantum computing thousands of years in advance of what we currently have. And my biggest problem is what XRPL playground will we end up playing in this digital arena ?
What real numbers will we be plugging in ? This is the problem because when the real switch is flipped NESARA will be involved and NESARA brings in
One Tredecillion dollars to plug into your theoretical plug and play.
Great video but there is so much more
People fail to realize this entire switch of financial systems is truly a God Creation. Recognize this and you will get clarity. Blessing sent ❤
Is there someone from Ripple that can explain XRP price mechanics? I’m still thinking it’s a little different from these educated calculations.
Hey Lewis- I'm not the sharpest knife in the drawer so got a bit lost with all the detail. Did he say that the price of XRP will be $0.60?
That’s what I thought I heard also. I may have been distracted a little with the household goings on but I did watch the entire video.
They had to make the supply large otherwise it would of went up to fast
This way they can work backward and burn off to slowly make it worth more other wise it would cost to much to move it
Average cost per cross border transaction by SWIFT 3-5%. I dont see SWIFT or the banks letting go of that revenue stream. Yes they will create side chains with their own "coin" and continue to charge at these rates. So this is where arbitrage comes in. Second teir banks wanting in on cross border transaction profits using XRP and the XRPL to take a portion of the cross border payments utilizing your XRP through an AMM for the transaction.
XRP has a Burn rate, since when ?? Where is this info please ??
Hey Lewis, is Jackson Venture Team, you?
So after all that mathematics, exactly what price did he get to for XRP?
As far as I could see (had to see the video two times because I fell asleep during the first one), the number is $700 if the market cap is 7 trillions. That is 280x today's MC, signalling that with today's marketcap, according to his model the price should be around $2.5, so it is 5x undervalued at the moment.
1 XRP = 1 million droplets....got to look at the big picture folks.
Excellent presentation as always. Really got my brain thinking in new directions. Fantastic 🚀🚀🚀
"Lets add some zero's LOL!!!"
Get him to Study and talk about what the XRP price would be without Price Manipulation .
19:41 Is inflation built in? I ask because we are measuring burn to a “floating” fiat.
So what’s the price for xrp? Should be ?
Could someone explain what Hé said ? How much his Hé expecting xrp prince ?
He actually didnt make a price prediction. He just figured out that the burn rate will not be the deciding factor for the price.
Why sooooo long? What was the price
How about using 50 billion XRP in your formula instead of 10 billions?That would lower the price of XRP, at the same time would increase the burn rate and possibly lower the burning fee.
At current transaction numbers. If 10T per day went through the system in 4.5 years 98 billion would be burned.
I do not believe factors like burn rate, market cap, etc., will be what determines the "price" of XRP. What will finally establish the price or value, will be the entities utilizing the ledger and XRP. The end users will set that value to be what works best for them.
Father God Loves You so Much ❤️
Great interview Lew!
"Rock 'n roll"😂
Why is the Ripple Party in New York and not San Fran?
San Fran is even more unsafe than NY.
Big apple , the epicentre of financial innovation
SEC in New York. Good to rub Gary Gensler nose in all this positive action
Because no one wants to walk on needles and human feces
Probably to not get their stuff stolen