As I understand it, ripple does have a total supply of 100 billion, half of them will be in circulation, the other half is held by the banks, is that right ?
As much as I like to earn money, I would never invest in ripple, alone the thought that the banks are behind this coin.....
Maybe we are using this or a similar bank coin in the near future, when that happens, only the cash abolition is missing and we live in total enslavement.
Poor people which currently can only survive by a cash in hand job ( cleaning woman or other jobs ) would have a big problem without cash, they would have pay tax on the little money, so wages must rise but will that happen ?
Of course, tax evasion is not right, but is it right that the global players do not pay taxes ( or minimal ) while a cleaning lady has to pay taxes ?
For me, these coins are going to be in the wrong direction and move away from the original idea.
global players that evade taxes do it by buying BTC and hiding BTC from authorities, or transferring it to Cayman Islands, and noone can trace it.
Through Ripple network, government can trace them.
Why are you supporting BTC so rich people can evade taxes?
Why are you in this forum?
Look at your avatar, it speaks about you a lot.