Post
Topic
Board Service Announcements (Altcoins)
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
by
Sukrim
on 30/12/2013, 13:35:10 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.
For about 2 decades, yes - and I could do it completely for free, as I got my XRP in giveaways.

Edit:
The main point is that users paying high fees is a poor measure of performance - cash transactions have 0 explicit fees but amount to huge sums compared to BTC or Ripple.

I am for example quite sure that VirWoX with their large markups makes more money in fees than some far larger/higher volume BTC exchanges. Would you consider them "larger" because of that? Ideally there are 0 fees and the closer you get to this ideal, the harder it gets to be considered "large" by you.