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Why burn xrp? Pay off US debt with xrp instead.
quan posted a topic in General DiscussionHere is an idea, Instead of burning xrp, I suggest Ripple to write an option contract to gift Fed around 30 billion xrp as a exchange of Fed’s commitment to provide the public liquidity of xrp, for all the business and banks to use. The current US debt is about 22 trillion, 22,000,000,000,000 / 30,000,000,000 = 733 If Fed sells the gifted xrp in the average price of $733/xrp, US can pay off the debt completely and protect the dollar from collapsing. And xrp can strengthen its use case as a dollar’s life saver. This is a very good chance for the Fed to solve the global liquidity problem in the most democratic way possible. This scenario is win win for everyone, it benefits the government, private business, and the citizens of the world. This kind of chance doesn’t come by often. Digital asset can literally save the country if they adopt the asset in the right way. What do you think of the suggestion Ripple?