@Atenea_MM@TlatoaniAztec When youre young its easy to say such stupid thing such as yours. But when you get old thats where the value of family comes in. Dont worry you can enjoy your narcissisim through pets. Pets will treat you like god.
A hypothetical example of an #XRP supply shock OR IS IT?
Imagine a significant number of major banks around the world decide to integrate #XRP into their payment system.
Say goodbye to banks using it for occasional transactions. We’re now talking daily, high-volume payment corridors between continents.
Now cue the monthly 1 billion #XRP released from escrow. With all of the new demand, the market absorbs this supply in hours rather than days or weeks.
With the high volume of transactions, the burning of #XRP per transaction starts to noticeably reduce the circulating supply.
Up next cruise in the speculators. Retail and institutional investors see the rising demand and begin to buy #XRP expecting price increases.
Supply really drying up now.
Exchanges start to show signs of liquidity issues as #XRP available for trading diminishes. Market makers can't keep up with the demand.
What do you think happens to price?
The price of #XRP begins to skyrocket at the same time XRP becomes rarer. Market cap is pushed into orbit.
A feedback loop frenzy is everywhere. Higher prices lead to more interest in #XRP, not just for transactions, but also as an investment. Now even more banks and more companies look to use #XRP.
Demand is outstripping supply.
Where will the price of #XRP be when the market eventually finds a new equilibrium?
Where will the price of #XRP be when it reflects its new utility and scarcity?
Notice I didn’t even mention the emergence of additional use cases.
I also didn’t mention what could happen if #RIPPLE decides to slow or halt its escrow releases.
DEMAND WILL OUTPACE SUPPLY.
READ THIS TWICE IF YOU HAVE TO.
YOU’RE NOT THINKING BIG ENOUGH.
You want to make a payment or send money, but you have XRP and the other party wants USDC. What can you do? Instead of manually converting XRP to USDC and then sending USDC to the other party, you can just use AnodoSwap (powered by XRPL's AMM and DEX) to do everything in 1-click and 1 transaction. As simple as that.
Try it now on XRPL devnet: https://t.co/RL6vQucRDT