Post
Topic
Board Altcoin Discussion
Topic OP
XRP's 200 ripple account requirement is no different than taxation for fiat use.
by
poly
on 28/02/2013, 13:14:18 UTC
By requiring ripple accounts to have at least 200 XRP for it to be functioning, OpenCoin Inc (who I feel is hardly open) is creating an artificial demand for the premined XRP (Ripples). This is akin to tax required in the nation's fiat currency to artificially create use cases for that currency.