Ripple LockUp Agreement in June - Shoot to Stars-

f0rmdeep

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Quote from: btctube on May 06, 2017, 04:44:25 PM

XRP max supply is 100,000,000,000 but the circulating is less than a hundred million, how's that being Deflationary? The reason why it will start mooning is that, banks are looking into it. But there is no denying its shooting up.

Hey, Deflation = Where a Supply Decreases and "DOES NOT" increase.

So Lets see XRP Supply of 100 billion DOES NOT Increase, and as every transaction in XRP Destroys some XRP permanently, Hmmmmm lets see, the Supply is decreasing ...

So its deflationary...

and now once lock-up is out, available supply for next many years will be 37 Bil ish. and Still every xrp transaction destroys a bit of it.

Any doubts ? what am i missing here ? if something, please bring it on & let me educate myself if i missed something.

Thank you kindly,
f0rmdeep

btctube

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Activity: 700

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XRP max supply is 100,000,000,000 but the circulating is less than a hundred million, how's that being Deflationary? The reason why it will start mooning is that, banks are looking into it. But there is no denying its shooting up.

f0rmdeep

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Activity: 84

Merit: 10

One of the major fears about Ripple has been uncertainty about their supply and what if Ripple releases too much of their supply into market, thereby suppressing price. Although, Ripple being a Licensed, Regulated, and Registered company that can be 'Sued' in court for fraud has eliminated much of this worry.

But seems like Ripple wants to be world class in every. among the internal community.

In their internal community, 'Rumors' are dense about Ripple releasing an extensive lock-up agreement spanning a whole decade and more. removing all market worries about supply.

What does this mean ?

1.) Suddenly All worries about supply will be defeated in one official move.
2.) The supply available will only be the current supply.
3.) Overnight will make XRP lot more precious, valuable and most probably will spike up price greatly given so many use-cases and no more new supply in the horizon.

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.

people are closely watching for hints in this years Consensus2017 event ( by Coindesk ) (https://twitter.com/coindesk/status/859105209854906373)

and it does not end there. Its also rumored that Ripple will use their on-platform escrow feature to enforce this lockup and show off to the feature to their customers. (Ripple has on-platform cryptographically secure escrow that does not depend on 'any' external services)

I have given head's up, i think once this is done, There is no stopping XRP's higher evaluation. and My personal guess is Much higher.

Good luck everybody !

Topic: Ripple LockUp Agreement in June - Shoot to Stars- (Read 927 times)