XRP will be UNOBTAINABLE for MOST | 20 XRP new wallet

[TokenBaby]

 

[Paradigm]

The reserve can be lowered. I wouldn’t get too caught up on that. 

[Guest]

3 minutes ago, Paulo said:

The reserve can be lowered. I wouldn’t get too caught up on that. 

It can also be raised,  and there were a number of people calling for that a whole ago....   it's one of the potential risks of holding XRP in a XRPLedger wallet.  (That you might loose a chunk to the reserve fee...) 

[FOOD]

You can always keep it on coinbase after its listed.

[enrique11]

Yeah, coinbase is FDIC insured supposedly.

Edited November 1, 2018 by enrique11

[Guest]

3 minutes ago, enrique11 said:

Yeah, coinbase is FDIC insured supposedly.

Crypto or USD though?

[xrp-pat]

Exactly, I keep reading about the cost of opening wallets will increase. Well in that case I  suspect people will just store on exchanges. The people who will be getting in at 589 prices are FOMO people, who know nothing of the tech or potential, as they already missed the boat... They are currently boarding via the harbour pilot whilst we're at sea! 

Edited November 1, 2018 by xrp-pat
Further clarification

[Guest]

23 minutes ago, Paulo said:

The reserve can be lowered. I wouldn’t get too caught up on that. 

END OF THREAD

[xrp-pat]

No, let's carry on. Who made you God? 

[Kpuff]

Just be glad you're in early

[Hodlezerper]

Once Crypto can be stored safely in a bank account or institution, and those become FDIC insured, the wallet reserve will really only matter for large institutions. Also it can be lowered. ^

[ZX81_1k]

39 minutes ago, zerpdigger said:

END OF THREAD

@Paulo It had never occurred to me that the wallet minimum could be increased as it could be decreased. The purpose of the reserve is to control the size of the ledger and prevent vast numbers of spam wallets being created.

But it could be used to price Joe Public out of holding wallets so it becomes an option only for banks and FIs. It would help to curtail junk, micro transactions filling up the ledger of that ever became a problem.

Are there any other benefits of making the minimum wallet balance unaffordable to the public?

Edited November 1, 2018 by Badger

[fiik]

 

[XRPanda]

I divided all my XRP over numerous "20XRP" wallets. Very Safe. Selling will be impossible in future, but i am gonna be a WalletWhale

Edited November 1, 2018 by DutchPanda

[titi2018]

 this place is getting ridiculous lol