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The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network

The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion PR move?

Zarath 9y ago
Well so if the coin is totally useless, then at least funding charities with it is about as good as it gets right?
- rlabrecque 9y ago
  I mean it makes me feel less bad about my $5k loss on xrp.
- tootie 9y ago
  It's like taking a loan using magic beans as collateral.
anichhangani 9y ago
It's not necessary for the payments layer, Although the asset can be used for the settlement layer, as can a lot of other tokens be used (see ILP: inter ledger protocol), I have used bitcoin and ether, all I can say is that XRP is by far the cheapest and fastest way to settle right now.
SippinLean 9y ago
It is impossible to mine ripple and it's cheaper to use Xrapid when making settlements, making XRP not neccesary but incentivized.