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This is no different from billionaires that hold massive equity stakes in their own companies, including Zuckerberg. > Yet the fortunes of Mr. McCaleb and Mr.

This is no different from billionaires that hold massive equity stakes in their own companies, including Zuckerberg. > Yet the fortunes of Mr. McCaleb and Mr. Larsen are not nearly as durable as those of other people on the Forbes list given that the value of virtual currencies fluctuates wildly. If Mr. Larsen wanted to access his wealth by selling Ripple tokens for dollars, it would likely drive down the value of Ripple tokens — and his riches. People keep trying to apply a different higher standard to cryptocurrency in order to prove why it cant function as legacy asset classes. Honestly, I think its because people dont know how the equity/currency/commodity markets work and are synthesizing standards while watching crypto billionaires get minted on the fly to justify their missed opportunities. In Ripple’s case, the founders are probably more liquid than other equity billionaires. Ripple traded 7 billion usd today, Facebook only 2 billion. And I dont even like Ripple, but right now I have to fight ignorance outside of the crypto arena.

Brede 9y ago
The difference is very simple. If you buy all ripple tokens in existence, they are useless. If you buy all facebook stocks in existence, you own facebook.
- ringaroundthetx 9y ago
  All ripple accounts require 20 xrp which cannot be moved so this is an impossibility to begin with Xrp holders have some function in the network, I forgot And you could name the price for anyone else that wanted xrp or to use the network Although I would say Ripple’s XRP is not the settlement solution Id be looking for, I wouldnt say owning 99.999% of them makes it worthless Owning all of a commodity doesnt make it worthless, even when that commodity is a unique collection of cryptographic signatures
  - keymone 9y ago
    if i have 20 ripple but can't spend them - how is that different from having 0 ripple?
    - imtringued 9y ago
      You gave someone else $40 for free.
      - keymone 9y ago
        right, i gave them to "open my account", now i have 20XRP that i can't spend - how is it different from having 0XRP that i can't spend?
    - ringaroundthetx 9y ago
      Thats not the point, the xrp being cannot be bought by one entity because there are already millions of addresses and this has a helpful effect on the network and was designed for this exact scenario Read up on it yourself, I think its some form of staking or validating Im not the evangelist of Ripple just because Im not succumbing to widespread ignorance and flawed analogies
      - keymone 9y ago
        last XRP can't be bought because they can't be spent. how is 20XRP that you can't spend different from 0XRP that you can't spend?
        ringaroundthetx 9y ago
        Right its not, what does that have to do with my grandparent post My point was that the ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure, I’m not sure what your point is Another user of the network would need to buy xrp from the majority holder, there’s nothing controversial about that. Diamonds function the same way for DeBeers except they have a much lower standard of utility until the owning entity created a new use for them.
        keymone 9y ago
        > what does that have to do with my grandparent post your gp was response to my question, so i thought you thought you somehow addressed it > ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure what is "network structure"? it can't be the residual 20XRP on everybody's accounts because those are equal to 0XRP as you've just agreed to. the point that somebody can still buy XRP from the majority holder^W^W the effective sole owner of all usable XRP is sort of irrelevant, because you can make the same point about any other commodity/currency.

Brede 9y ago

The difference is very simple. If you buy all ripple tokens in existence, they are useless. If you buy all facebook stocks in existence, you own facebook.

ringaroundthetx 9y ago
All ripple accounts require 20 xrp which cannot be moved so this is an impossibility to begin with Xrp holders have some function in the network, I forgot And you could name the price for anyone else that wanted xrp or to use the network Although I would say Ripple’s XRP is not the settlement solution Id be looking for, I wouldnt say owning 99.999% of them makes it worthless Owning all of a commodity doesnt make it worthless, even when that commodity is a unique collection of cryptographic signatures
- keymone 9y ago
  if i have 20 ripple but can't spend them - how is that different from having 0 ripple?
  - imtringued 9y ago
    You gave someone else $40 for free.
    - keymone 9y ago
      right, i gave them to "open my account", now i have 20XRP that i can't spend - how is it different from having 0XRP that i can't spend?
  - ringaroundthetx 9y ago
    Thats not the point, the xrp being cannot be bought by one entity because there are already millions of addresses and this has a helpful effect on the network and was designed for this exact scenario Read up on it yourself, I think its some form of staking or validating Im not the evangelist of Ripple just because Im not succumbing to widespread ignorance and flawed analogies
    - keymone 9y ago
      last XRP can't be bought because they can't be spent. how is 20XRP that you can't spend different from 0XRP that you can't spend?
      - ringaroundthetx 9y ago
        Right its not, what does that have to do with my grandparent post My point was that the ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure, I’m not sure what your point is Another user of the network would need to buy xrp from the majority holder, there’s nothing controversial about that. Diamonds function the same way for DeBeers except they have a much lower standard of utility until the owning entity created a new use for them.
        keymone 9y ago
        > what does that have to do with my grandparent post your gp was response to my question, so i thought you thought you somehow addressed it > ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure what is "network structure"? it can't be the residual 20XRP on everybody's accounts because those are equal to 0XRP as you've just agreed to. the point that somebody can still buy XRP from the majority holder^W^W the effective sole owner of all usable XRP is sort of irrelevant, because you can make the same point about any other commodity/currency.