[agorabinary]

The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion PR move?

[Zarath]

Well so if the coin is totally useless, then at least funding charities with it is about as good as it gets right?

[rlabrecque]

I mean it makes me feel less bad about my $5k loss on xrp.

[tootie]

It's like taking a loan using magic beans as collateral.

[anichhangani]

It's not necessary for the payments layer, Although the asset can be used for the settlement layer, as can a lot of other tokens be used (see ILP: inter ledger protocol), I have used bitcoin and ether, all I can say is that XRP is by far the cheapest and fastest way to settle right now.

[SippinLean]

It is impossible to mine ripple and it's cheaper to use Xrapid when making settlements, making XRP not neccesary but incentivized.