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> supply of XRP far outpaces demand for consumptive use. This is a laughably meaningless statement in the context of a cryptocurrency. For which currency could
by tuesdayrain 7y ago
> supply of XRP far outpaces demand for consumptive use.
This is a laughably meaningless statement in the context of a cryptocurrency. For which currency could someone possibly say that the supply does not outpace demand? What would that even mean? The precise amounts of supply or demand are irrelevant since the market will naturally find an equilibrium at wherever the current market price is.
- cwkoss 7y agoThere are many orders of magnitude difference between Bitcoin's and XRP's consumptive use: Bitcoin: $0.30 per transaction XRP: $0.43 per 100,000 transactions
- crimsonalucard 7y agoWhat's laughable is your inability to understand. Outpace means go "faster". It means that The level of supply rises up faster than demand so that you will observe a price change. If demand and supply rose at an equal rate, you will observe no price change. I hope this educated your mind. The education system in many parts of this country has huge problems and I'm glad that uneducated people from deficient areas that lack basic math programs for people with special needs come to Hacker news too learn more. I applaud you for taking the initiative to learn! Other than that, what I really didn't like about your response is your insulting tone. The parent poster did nothing to deserve such a response. "laughably meaningless statement" is a vile and disgusting statement in itself. There are other ways to critique someone's statement. The way you did it is highly immature.