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by ringaroundthetx
3082 days ago
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Right its not, what does that have to do with my grandparent post My point was that the ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure, I’m not sure what your point is Another user of the network would need to buy xrp from the majority holder, there’s nothing controversial about that. Diamonds function the same way for DeBeers except they have a much lower standard of utility until the owning entity created a new use for them. |
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your gp was response to my question, so i thought you thought you somehow addressed it
> ripple network wouldnt be useless for the entity that bought 99.99% because of the network structure
what is "network structure"? it can't be the residual 20XRP on everybody's accounts because those are equal to 0XRP as you've just agreed to.
the point that somebody can still buy XRP from the majority holder^W^W the effective sole owner of all usable XRP is sort of irrelevant, because you can make the same point about any other commodity/currency.