coastal 244 Posted September 30, 2018 Share Posted September 30, 2018 When i first got into crypto, without fully knowing ripples game plan for XRP, i remember thinking that 100,000,000,000 was a lot of coins and that the price would have a difficult task to increase due to the large number of coins. But, these days, the more i learn about XRP and ripples plans, along with coil, and others using XRP..... it has got me thinking that 100,000,000,000 may not be enough coins, especially with the burn rate etc, and when XRP becomes the standard, all of a sudden 100,000,000,000 becomes a small number. I guess my question is, does the burn rate of XRP affect the performance of XRP over time as the total amount of coins gets less and less? or does this purely increase the price of XRP per coin as there will slowly be less of them? hope this makes sense ImTheRippler 1 Link to post Share on other sites
DannyRipple 1,365 Posted September 30, 2018 Share Posted September 30, 2018 We can’t tell you. But if we could lean in, I’d say the price needs to increase and we’ll speak about drops rather than whole coin Paradigm, WesternKiwi, TheYorkshireRippler and 1 other 4 Link to post Share on other sites
ImTheRippler 2,185 Posted September 30, 2018 Share Posted September 30, 2018 3 minutes ago, DannyRipple said: We can’t tell you. But if we could lean in, I’d say the price needs to increase and we’ll speak about drops rather than whole coin I think it can be further subdivided too. Link to post Share on other sites
Popular Post corak 1,208 Posted September 30, 2018 Popular Post Share Posted September 30, 2018 (edited) 12 minutes ago, coastal said: When i first got into crypto, without fully knowing ripples game plan for XRP, i remember thinking that 100,000,000,000 was a lot of coins and that the price would have a difficult task to increase due to the large number of coins. But, these days, the more i learn about XRP and ripples plans, along with coil, and others using XRP..... it has got me thinking that 100,000,000,000 may not be enough coins, especially with the burn rate etc, and when XRP becomes the standard, all of a sudden 100,000,000,000 becomes a small number. I guess my question is, does the burn rate of XRP affect the performance of XRP over time as the total amount of coins gets less and less? or does this purely increase the price of XRP per coin as there will slowly be less of them? hope this makes sense What does it even mean for the number of coins to be 'enough' or 'not enough'? It's a denomination. XRP is transacted in a unit called 'drops', there are 10**17 drops (1 XRP is one million drops). Prices for other things can be quoted quite accurately in drops. The burn rate is unrelated and is such a small factor that it can be completely ignored. It won't go under 99B XRP in our lifetimes. Should the system be in such massive use that somehow pricing in drops is no longer accurate enough, the ledger could be patched to increase the number of decimal places (i.e. 1 old drop = 1 billion new drops) to solve this issue more or less permanently. The number of coins does not influence the ability of the price to go up or down. The price reflects the valuation of the entire ledger. If there are 100B coins, it only means each coin costs 1/100B of that valuation. The valuation itself still changes based on shifting expectations that crypto traders have about the XRP ledger. If there are bad news and valuation drops 10%, the price per coin will also drop 10%. Doesn't matter if there are 100B coins or any other fixed number of coins. Edited September 30, 2018 by corak mistatee2000, flynnstone, Sharkey and 7 others 8 2 Link to post Share on other sites
coastal 244 Posted September 30, 2018 Author Share Posted September 30, 2018 3 minutes ago, DannyRipple said: We can’t tell you. But if we could lean in, I’d say the price needs to increase and we’ll speak about drops rather than whole coin to be honest, because of the price of XRP now, i hadn't thought about drops....... It will be a great day when we starts referring to drops as apposed to whole coins! Just like bitcoin back in the day, i don't think they thought that you would be buying 0.01 of a bitcoin etc....... now look, it's not that common that people can afford a single bitcoin. EcneitapLatnem, ImTheRippler and Plato 3 Link to post Share on other sites
slinuxuzer 1,090 Posted September 30, 2018 Share Posted September 30, 2018 12 minutes ago, coastal said: When i first got into crypto, without fully knowing ripples game plan for XRP, i remember thinking that 100,000,000,000 was a lot of coins and that the price would have a difficult task to increase due to the large number of coins. But, these days, the more i learn about XRP and ripples plans, along with coil, and others using XRP..... it has got me thinking that 100,000,000,000 may not be enough coins, especially with the burn rate etc, and when XRP becomes the standard, all of a sudden 100,000,000,000 becomes a small number. I guess my question is, does the burn rate of XRP affect the performance of XRP over time as the total amount of coins gets less and less? or does this purely increase the price of XRP per coin as there will slowly be less of them? hope this makes sense With the current transaction per second limitation of 1,500, the current burn rate, (which is adjustable up or down) I did the math on this a while back and the burn rate isn't a factor in scalability or supply - that doesn't mean things couldn't change, but for now, its not worth talking about he burn rate. And overall supply, I don't see as an issue, if supply gets tight that just means the price has to increase to ensure liquidity, I think we could all live with that. King34Maine, retryW and coastal 3 Link to post Share on other sites
Popular Post EcneitapLatnem 6,094 Posted September 30, 2018 Popular Post Share Posted September 30, 2018 If they run out, I'll still have mine to sell them...... King34Maine, ImTheRippler, WrathofKahneman and 7 others 4 6 Link to post Share on other sites
flynnstone 9 Posted September 30, 2018 Share Posted September 30, 2018 Drops make up more than enough XRP Bearmark 1 Link to post Share on other sites
coastal 244 Posted September 30, 2018 Author Share Posted September 30, 2018 1 minute ago, EcneitapLatnem said: If they run out, I'll still have mine to sell them...... I have a few that i would be happy to part with for $589 WesternKiwi 1 Link to post Share on other sites
JBW 476 Posted September 30, 2018 Share Posted September 30, 2018 If just if the burn rate would be as high as 1 m per day that is 365 m a year that equals to 3.65 b in 10 years. I don't think the burn rate will affect the price that much SauronRings, DannyRipple22 and SquaryBone 1 2 Link to post Share on other sites
ADingoAteMyXRP 3,916 Posted September 30, 2018 Share Posted September 30, 2018 (edited) Is 100,000,000,000 slices of this apple pie enough? When i first got into pies, without fully knowing my mom's game plan for this pie, i remember thinking that 100,000,000,000 was a lot of slices and that the total size of the pie would have a difficult task to increase due to the large number of slices. But, these days, the more I learn about apple pies and Entenmann's plans, along with peach, pecan, and lemon meringue..... it has got me thinking that 100,000,000,000 may not be enough slices, especially with how hungry I am etc, and when apple pie becomes the standard, all of a sudden 100,000,000,000 becomes a small number of slices. I guess my question is, the eating rate of apple pie affect the performance of pie over time as the total amount of slices gets less and less? or does this purely increase the number of apples per slice as there will slowly be less of them? ____ The pie gets bigger. The number of slices is meaningless. The number of apples in each slice is meaningless. Look at the size of the pie. A slice gets bigger at the same rate no matter if there are 2 slices or 100,000,000,000 slices. The number of drops is totally meaningless for the same reason. You're just subdividing slices. The value of a drop and the value of one XRP increase at the same rate as the value of the whole pie. The only thing that matters is the size of the pie. Edited September 30, 2018 by ADingoAteMyXRP Lamberth, SquaryBone, carpetbelly and 3 others 3 3 Link to post Share on other sites
Guest Posted September 30, 2018 Share Posted September 30, 2018 2017: 100B is too much, shitcoin! 2018: 100B won't be enough, shitcoin! Link to post Share on other sites
Guest Posted September 30, 2018 Share Posted September 30, 2018 5 hours ago, coastal said: When i first got into crypto, without fully knowing ripples game plan for XRP, i remember thinking that 100,000,000,000 was a lot of coins and that the price would have a difficult task to increase due to the large number of coins. But, these days, the more i learn about XRP and ripples plans, along with coil, and others using XRP..... it has got me thinking that 100,000,000,000 may not be enough coins, especially with the burn rate etc, and when XRP becomes the standard, all of a sudden 100,000,000,000 becomes a small number. I guess my question is, does the burn rate of XRP affect the performance of XRP over time as the total amount of coins gets less and less? or does this purely increase the price of XRP per coin as there will slowly be less of them? hope this makes sense The burn rate is not significant. It will most likely take thousands of years to burn through the xrp. Link to post Share on other sites
coastal 244 Posted September 30, 2018 Author Share Posted September 30, 2018 1 hour ago, silly_ann said: 2017: 100B is too much, shitcoin! 2018: 100B won't be enough, shitcoin! Never said anything about it being a sh*tcoin, Asked a question, got a few good responses If you dont know something, then ask.... best way to learn! Deeznutz and Sharkey 2 Link to post Share on other sites
Kpuff 717 Posted September 30, 2018 Share Posted September 30, 2018 Regardless of the amount of coins, the market will find the right price to sustain usage. If there isn't enough coins. Then that is a good thing, that means the price increases Link to post Share on other sites
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