Hi Bob! Thrilled to have your esteemed presence here. Unlike most, I am rather new to Ripple /XRP and have been researching both for weeks now. Stumbling upon you and ur first hand knowledge is a blessing, so thank you for being here.;)
As a newbie, I see lots of confusion, even some suspicion about the company and XRP. Here’s what I would like to understand and perhaps this will help others as well.
1. As Wall Street braces to enter the crypto market full-on, it’s important for every project in this space to provide clarity of purpose, community connection, and financial transparency, like Aion has done. As Ripple and XRP are separate and distinct entities, it seems the mechanism of XRP is misunderstood. What exactly is XRP ( besides a bridge currency for banks/transmitters), how does its classification (assumed) as a currency create rising value when stability is necessary for the banking sector internationally? Does XRP represent the value of the network in terms of growth, revenue or any traditional means of measurement? Or, is XRP representative of a new digital asset class that creates value on a level not yet specified or agreed upon in the analyst community?
2. Does Ripple plan on going public? If yes, how would that impact XRP?
3. What is the purpose of 100 Billion units of XRP, ( as opposed to say 100 Million?