Post
Topic
Board Service Announcements (Altcoins)
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
by
kcirazy
on 30/12/2013, 13:31:11 UTC
If I destroy 1 XRP for fun as transaction cost, this would have been enough to pay for 100k transactions while costing me about 3 US cents and it would leave quite a spike on that chart.
You can only do that for so long before you run out. If you are willing to spend money on that... go ahead, apparently it's worth something to you. The amount of transactions doesn't matter. It's the total amount of money that people are willing to spend on using the payment network, which shows it's value to people's lives. Once $11,000 worth of XRP is being spent every day on transaction fees, I would say it has a larger value than when it has spikes of 1XRP each day.