https://pastebin.com/nhR05v4L
>XRP will not be used
Ripple’s mission is to connect the entire global banking and payments infrastructure via RippleNet, a decentralized network capable of real-time settlement at virtually no cost 24/7/365.
To achieve this, Ripple’s strategy is two-fold:
1) First, they onboard financial institutions to use RippleNet, which saves them time and money, and allows them to give customers a better experience (without requiring XRP).
2) And then they’re given the option of using XRP, which saves them money by granting them access to On-Demand Liquidity (particularly useful for cross-border transactions), allowing them to reduce their costs and need for nostro accounts, making them more competitive against other financial institutions.
Once XRP becomes a stable bridge asset worth 3 to 5 digits (and likely the world’s reserve currency), financial institutions will hold XRP instead of nostro accounts, since XRP will be the most liquid asset on Earth, capable of being traded for any other currency or asset at any time.
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>XRP will never be $2000
SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per XRP, and this is assuming that SWIFT owned all the supply.
XRP will handle much more than SWIFT; it will eliminate the need for nostro accounts (worth $27 trillion), tap into the $2.7 quadrillion global transfer market, as well as interact with other blockchains and technologies. In other words, if XRP’s price was low, it wouldn’t be able to handle the trillions/quadrillions within its 100 billion coins.
XRP will likely be pegged to precious metals and/or a basket of assets to make the price even more stable and liquid over time, likely by governments, central banks, and institutions like the IMF.
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>XRP can’t go higher because of market cap
Market cap is the multiplication of last trading price TIMES circulating supply.
In other words, someone could create a coin with a 100 billion supply and buy a few of the coins for $11 dollars and its market cap would exceed a trillion dollars. Does this mean that a trillion dollars have been pumped into the coin? No, not even a hundred dollars, yet its market cap is over a trillion. This simple example illustrates how naïve market cap discussions are when it comes to crypto.
XRP’s price will be determined by utility, not by market cap. For example, SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per coin, and this is assuming that SWIFT owned all the supply. XRP is going after more than just SWIFT, it is going after a $2.7+ quadrillion market. Market cap means nothing.
>XRP is centralized
XRP is more decentralized than Bitcoin. Why?
Over 60% of Bitcoin’s mining happens in China; the CCP could do a 51% attack at any time. No country or player would build infrastructure on a network controlled by a single party.
In contrast, the XRP network uses a technology called Consensus, which uses nodes ran by different governments, regulators, and trusted parties all over the world (Ripple themselves run less than 10%). In the future, even satellites will run nodes. To attack the network, more than 20% of the nodes would have to conspire and the network would simply pause until an 80% agreement were re-established. To accomplish a 20% Consensus attack would be harder than Bitcoin’s 51% attack, as it would require many parties to conspire and everyone in the network would know who the conspirators are. Furthermore, 80% agreement could be re-established even without the support of the 20% conspirators.
In other words, while Bitcoin’s Proof of Work network is ruled by those with the most mining, no amount of mining or money would give a party control over the XRP network, even if they owned all of the XRP, which means that the XRP network is both fairer and more decentralized for all players. And beyond fair and decentralized, XRP is also anti-fragile; with nodes in satellites, it will continue to exist even if war or catastrophes happen.
Consensus’ superior technology also allows XRP to move in seconds for less than a cent, with the ability to handle over 1,500 transactions per second, better than Bitcoin on all counts.
https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger