Post
Topic
Board Altcoin Discussion
Re: Ripple has no inflation, right? Will it replace bitcoin?
by
jook
on 17/12/2014, 19:50:11 UTC
Quote
Ripple has no inflation, right? Will it replace bitcoin?

No. And you are misrepresenting the facts:

Bitcoin: About 13.6M BTC out of 21M BTC or 65% are in circulation, the remaining 35% will be distributed in the future by a transparent and clearly defined scheme.

Ripple: About 31G XRP out of 100G XRP or 31% are in circulation, the remaining 69% are held by a single for-profit business and may be distributed at any time for any reason in any way to anyone.

Holding XRP isn't favorable to holding BTC because "no inflation", actually the opposite is true. There will certainly be less inflation with BTC than is possible with XRP. BTC has a clear path, XRP is a corporate black box.