Quote from: hypostatization on April 29, 2015, 06:26:05 PM

Quote from: shanem on April 29, 2015, 02:58:03 PM

I don't think so.
Ripple coin supply keeps increasing.
I don't think it will be as successful as bitcoin if its supply keep increasing rapidly.

100,000,000,000 XRP were created at the outset of the network, by its founders, and portion of those were gifted to Ripple Labs. Here is an explanation of why that total specific number of XRP units was chosen. No new XRP can ever be created, and the total supply constantly decreases---as small portion of XRP are destroyed with every transaction.

Many have been confused on this topic, due to how Ripple is represented on sites like coinmarketcap.com. Available supply has increased over time, as Ripple Labs continues to distribute its XRP holdings, but total supply has only ever decreased. Calculating market capitalization according to available supply of XRP is in some ways similar to calculating Bitcoin market cap according to mined Bitcoins, as opposed to the total number that will ever be mined. Initially, coinmarketcap.com calculated XRP market cap according to total supply and received criticism that the number was misleading, since it did not represent the total number of XRP potentially available at market.

lol, its giving it away for free to banks by the millions with a clause that they can not dump instantly in an exchange to publicly state that they will support it. suckers can buy them at an hyper-inflated price. this clause also completely warps the "available" supply and fight over a very small amount of coins nowhere near the stated available supply on coinmarketcap. in endeffect the have the same power as a bank it the close shop your done.
technicaly it should not be listed on cmc, but he they are just another receiver of free gifted coins, eager to dispose of.
there is no reason to go up in value as the coin is not really needed by ripple laps.
no xrp is needed to go from fiat to bitcoin to frequent flyer points or to whatever else.
bitcoin needs miners, ripple needs fish to bite the fishers o so tasty worm.