Is there any reason why Ripple wouldn't be a good investment? All the big banks are in it, you don't know more than the big banks, do you?
>>2937682
I don't see the point in it. I read their product description and it looks like a cumbersome way of sending confirms. You still have to settle up separately at the central bank.
A thing I keep seeing mentioned about Ripple is that all the tech and the backing could also have no effect whatsoever on the price of the currency, because only a very small amount of Ripple is needed for transactions and there is too much in circulation.
Can someone confirm or refute this?
>>2939189
It gets burned on transactions, proof of signature i think.
That should make it extremely deflationary
>>2939189
This is true. Plus the devs have 70 percent of it and dump 1 billion every month