I hold XRP. I believe it will appreciate in price. But I am not blind to its faults and there some misinformation here because people claim that XRP has no inflation and is deflationary: https://preview.redd.it/9vmgajo1pyab1.png?width=1085&format=png&auto=webp&s=30baabb79b82a2d2d30cc0e55a8042abf86feef2 https://preview.redd.it/vtxlut7oqyab1.png?width=642&format=png&auto=webp&s=9661e636f0c74b097983ac0fe370338f58fd2e07 This idea also gets posted on news websites sometimes from a different perspective because every now and then XRP gets burned. https://preview.redd.it/p07iz1o5pyab1.png?width=829&format=png&auto=webp&s=5f1e72ed3324862c3821ca0379d4faf4ee16a1be And while it is true that all XRP might be pre-mined and capped at 100 billion, we have definitely seen plenty of inflation, meaning that there is quite a lot of inflation in the supply: Supply 25 June 2017: 38,291,387,790 Supply 24 June 2018: 39,245,304,677 Supply 23 June 2019: 42,501,950,124 Supply 28 June 2020: 44,257,803,618 Supply 25 June 2021: 46,265,302,471 Supply 24 June 2022: 48,343,101,197 Supply 25 June 2023: 52,254,289,650 That is a 33.85% increase in 6 years! This supply inflation is actually rather high (though partly offset by the burns): https://preview.redd.it/1vys4arlpyab1.png?width=1023&format=png&auto=webp&s=0eb6388c692cc7680fbde60ebb052ab69a5c15c2 This comment describes how XRP works pretty well. https://preview.redd.it/5d6ueazxpyab1.png?width=724&format=png&auto=webp&s=6ad5484ad44efc7fc399858dd060b33462ab514f But let’s face it. That’s like USD having 50% of its supply hidden that gets slowly released (inflating the supply of USD) and then claiming its not inflation because that 50% hidden supply was already “pre-mined”. Thats not how it works. Fact is, XRP’s circulating supply increases over time. Not as much as other tokens like Immutable, Gala, Sand, and Mana. But plenty to make a difference. And Ripple dumps that XRP on users. A bit every year. submitted by /u/Beyonderr [link] [comments]
Cryptocurrency News & Discussion
I hold XRP. I believe it will appreciate in price. But I am not blind to its faults and there some misinformation here because people claim that XRP has no inflation and is deflationary:
This idea also gets posted on news websites sometimes from a different perspective because every now and then XRP gets burned.
And while it is true that all XRP might be pre-mined and capped at 100 billion, we have definitely seen plenty of inflation, meaning that there is quite a lot of inflation in the supply:
Supply 25 June 2017: 38,291,387,790 Supply 24 June 2018: 39,245,304,677 Supply 23 June 2019: 42,501,950,124 Supply 28 June 2020: 44,257,803,618 Supply 25 June 2021: 46,265,302,471 Supply 24 June 2022: 48,343,101,197 Supply 25 June 2023: 52,254,289,650
That is a 33.85% increase in 6 years!
This supply inflation is actually rather high (though partly offset by the burns):
This comment describes how XRP works pretty well.
But let’s face it. That’s like USD having 50% of its supply hidden that gets slowly released (inflating the supply of USD) and then claiming its not inflation because that 50% hidden supply was already “pre-mined”. Thats not how it works.
Fact is, XRP’s circulating supply increases over time. Not as much as other tokens like Immutable, Gala, Sand, and Mana. But plenty to make a difference. And Ripple dumps that XRP on users. A bit every year.
submitted by /u/Beyonderr
[link] [comments]