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  1. Hi, when it comes to our everyday economical behaviour, most people assume it is bartering and an exchange of physical things. Therefore they assume money is a standard of exchange and even relate money with a special thing everybody somehow has agreed to use. While this assumptions have no influence on our daily usage it is an enormous misunderstanding of money and the law mechanisms behind it. After researching this issues for several years and debating it repetetivly on occasion whenever someone sticks to the barter dogma, I wrote this short explanation in order to give not only a wider and more realistic perspective of the understanding of money but also to make it more comprehensible regarding the scientific facts/sources. It also contains a very small part about cryptos and why they cannot replace conventional money in their actual state. scribd.com: What is money? Any feedback is appreciated. Regards ;-)
  2. Ripple's transaction costs are virtually nothing compared to credit/debit fees. Let's say the fees were as low as 20 cents per transaction... TRANSACTION COST - 0.00001 XRP CURRENT PRICE (1 RIPPLE/XRP) = $1.95 MEANING 0.00001 XRP = $0.00000195 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ If 1 Ripple = $100 TRANSACTION COST - 0.00001 XRP MEANING 0.00001 XRP = $0.0001000 These are ridiculously low compared to regular fees we use today. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Transaction costs only change when there is an unusually high load. Ripple current market cap is also at #2 in cryptocurrencies at $87,306,798,133. XRP current price is listed at $2.25. The reason the market cap is so high is because of the big supply of 38,739,144,847 XRP. Bitcoin's market cap is currently $16,775,262 while 1 BTC is $13,834.40 and other cryptocurrencies have small market caps with high prices like BTC also. This means that only big masses can quickly fluctuate the price of XRP due to the gigantic market. Unlike the other currencies where smaller amounts of people can impact the price quickly When XRP is stable within the next few months after the people waiting for transactions from coinbase etc. It has a chance at being the top, most-stable currency behind FIAT (Not saying it will replace FIAT, but Ripple is doing things here). It can be used to make FIAT transactions much quicker and reduce costs for everyone. My reason of giving XRP at $100 as an example is because that's what I realistically I think it can reach with a lot of hype. If it gets very mainstream it can be a totally different story we all know you can't predict what goes on. It can easily hit higher prices and be just as stable. XRP transactions per second = 1500 BTC transactions per second = 3.3-7 (according to wiki, even if at 200, XRP is way way faster, this is the same for other cryptocurrencies) A very good point at why Ripple will be successful. This is completely theoretical from a couple minutes of thought that my brother initiated. Just wanted to share. Give some input! EDIT: If you read this early read it again, had a few typos lol.
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