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> Increases the supply of XRP which Wait, it does? I thought one of the unique aspects of ripple was that all of the coins were pre-mined so the supply is fini
by BinaryIdiot 9y ago
> Increases the supply of XRP which
Wait, it does? I thought one of the unique aspects of ripple was that all of the coins were pre-mined so the supply is finite. Right?
- Kiro 9y agoCirculating supply.
- celticninja 9y agoThey were pre-mined but the supply is infinite, as I understand there is nothing preventing them from creating more at any point.
- shepardrtc 9y agoThe supply isn't infinite, and they won't create more.
- BinaryIdiot 9y agoIs the reason they won't create more technical or philosophical? I don't know enough about Ripple.
- SippinLean 9y agoIt would require a change to the protocol
- lojack 9y agoIts both. They won't create more for philosophical reasons because the value would plummet. They won't create more for technical reasons because it needs an 80% majority of nodes to approve a change for it to occur. Some people will tell you they control the validating nodes, but thats only really a half truth. Ripple controls 3 out of 50+ nodes, and also controls the default list of approved validator nodes. There's no reason why you can't deviate from the default list of validators, but its hard to say if anyone actually does in practice.
- celticninja 9y agoBut they could, nothing in the tech is stopping them from creating more.