Quote from: wingfr on May 07, 2017, 11:50:26 AM

Quote from: Robben123 on May 07, 2017, 11:31:01 AM

I dont understand this fact about Ripple. Are there any official statistics? How many XRP are being destroyed per transaction? What if all XRP are getting destroyed? Can they "produce" new XRP? How many years it would take until all XRP are destroyed?

XRP spent as transaction fees are destroyed. The default transaction fee is currently 10 drops (=0.00001 XRP). There should be enough XRP to last for thousands of years despite this destruction. If the value of XRP changes, the transaction fee can be adjusted by the consensus of the network.

The rate of loss of XRP due to losing passwords is thousands of times more significant compared to the amount lost as transaction fees.

Because XRP are divisible, even if only 1 XRP remained, it could be divided up among the users of the network and be enough for the whole world to use.

Sources : https://ripple.com/build/transaction-cost/
and https://wiki.ripple.com/Ripple_credits

I agree with @wingfr. The destroyed XRP is very minimal, the more important point is that "more XRP cannot be created/mined ever". and as @wingfr mentioned, due to lost password, ( and also many more legitimate reasons like escrow and timelocking ) many XRP gets sequestered.

So without a doubt it is deflationary - for the simple fact that supply cannot increase. Infact this is also the original reason why so many traditional bitcoin houses hated it. because they could not mine it/control it/ corner the markets like chinese-miners issue etc.. and cannot make big money.

this is the true reason why so much misinformation campaign is running against ripple in my humble opinion.

This article : https://twitter.com/Ripple/status/859528573912104960 is particularly brilliant and i really recommend you @Robben123. It will answer a lot of your doubts with very good fundamentals.

Good luck.