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So if 20 XRP is the minimum how would someone start a wallet if say 1 XRP is = $100? Would they need $2000 to open a account/wallet just to get started? "In Ripple protocol, to create a new account you need to initialize it with a funding of at least 20 XRP. An account under 20 XRP is considered as not exiting. Thus, your balance must always be at minimum 20 XRP and you are not allowed to make transactions that would result in your balance going under this limit." Thanks for any input!
I didn't think we'd be having to ask about this so soon, but due to the recent price increases, I think Ripple should look at lowering the activation fee. What say you? The original thread has kind of faded, but if the mods want to re-combine & reboot it, that's fine with me... https://www.xrpchat.com/topic/4125-proposal-validators-should-decrease-wallet-activation-fee/#comment-39977