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About the 20 xrp needed for account opening
MightyCat posted a topic in Problem SolvingHi all xrp enthusiasts, I have a question I couldn't find in discussions about the 20 xrp needed to open an account on the ledger, which are blocked after the account creation. First let's dream and say all humans on Earth decide to open an account on the ledger. it means 7 billions accounts for 140 billions xrp total (7billions people * 20xrp) which is more than the 100 billions xrp out there. Now let's go back to reality, when I am writing now, there are 1 347 165 accounts which means 26 943 300 xrp are hold in the ledger forever. With a growing utilisation it means that more and more xrp will be blocked. I know there is the possibility to vote to lower the need of xrp blocked on each new account but even with this, if there are 100 times more accounts in the future, it means that about 2 to 3 billions xrp will be hold on the ledger which is about 3% of all xrp, that sounds a lot to me. Is there further thinking in this ? I mean it seems like the xrp isn't made right now for a global use. If the account opening cost was about 1 xrp it would be more realistic on a global human scale, because it would mean about 7 billions xrp blocked on the ledger dedicated to account opening. Also don't forget some people could want several different accounts. It's also possible that if in the future xrp costs more, the account opening will become very expensive in fiat money. These are just some questions I was wondering about because of a possible online wallet business I could make where every users would have their own xrp accounts. Basically a service for simple xrp account creation and managing but not in the way exchange do it, because exchanges actually use 1 to 10 accounts on the ledger and then manage it internally. My purpose was to let people have their own xrp account but I guess such a service would dramatically block a lot of xrp. Thanks for reading, I hope I was clear. Regards.
30 XRP REQUIRED TO ACTIVATE GateHub
Saqib2526 posted a topic in Wallet ActivationHey Ripple Family Dear oh dear never new what was going to hit me in the process of buying ripple. oh well it will be worth it. Was wondering if anyone would be able to help me out with 30 XRP which i will send back with maybe a few more once up and running. What i have done so far is, created a GateHub account, and CoinBase account, i invested into BTC and sent it to my GateHub BTC address, however i have received a email with confirmation of it being sent yet nothing in the account, maybe because its not fully activated right? I hope one of the family member would be able to help out, that would be much appreciated. Ripple Address - ra1VWxANLW8cgmqF8giPw5BD6JRH744CPH Regards Saq
r9ei1NAYtShXVJ8k89cr7QUNiq posted a topic in Problem SolvingHi guys, new member here. Registered with Gatehub a few days ago as I want to invest so money in ripple. My wallet is has been locked and saying it needs 20XRP to function so i`m not able to deposit any funds to trade for XRP. On the forum it says that you only need to be verified and have a phone number on, and you will automatically receive the 20XRP required to start trading. Well, i have received the confirmation email, saying that "Account verified on GateHub Fifth" , i have a phone number on the account, and all the required documents have been uploaded, but I still didn`t got the 20XRP. Do you know what`s the issue, and what the solution to it could be?