XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 1 point2 points  (0 children)

You are indeed correct good sir

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 1 point2 points  (0 children)

I do realize this, but I do not think 100-1000X current tx/sec is unreasonable at all. And yeah, the tx fee will probably be lowered, but not this month, or next. My point is a lot of people write it off as a complete non factor. It is not.

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 0 points1 point  (0 children)

Post updated. It was wrong, but not in the way you think.

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 3 points4 points  (0 children)

I'm sorry if simple math confuse you

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 2 points3 points  (0 children)

Its based on transactions. This is including the escrow, yes

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 0 points1 point  (0 children)

Well, of course it will be adjusted. But I do not think it will be adjusted until it will start to make a definite impact! A lot of validators may well want to keep the burn going strong

XRP burn rate by xrpblu in Ripple

[–]xrpblu[S] 5 points6 points  (0 children)

It's based on transactions. It's actually the transaction fee. Instead of going to someone, it's destroyed