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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 wide
  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.
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