Ripple (XRPUSD)

[GreedyAgorist]

There should be a moratorium on Maxine Waters. She is a textbook example of the corruptibility of a "safe seat." The question is which cryptocurrencies would have appeal even if ne'er-do-wells like Congress and the Fed* were not urinating away the value of the dollar. XRP with its cross-border payment use case would still be of value, I would think, even if fiats did not stink to high heaven.

Before you start comparing the "dumping" of XRP from Ripple's majority holdings to the dump the government takes on our future every day (nearly $2 billion in overspending, not spending, but overspending), I would compare the monthly controlled release of XRP from escrow more to the actions of a company producing what it is selling. Coca-Cola advertises its fizzy drinks and then makes more of them to meet demand.

Only for XRP holders, it is better than that. If they make too many Cokes, those become "loss leaders" on sale at your local store. But as you can see from the last quarterly report, more than 3/4 of the XRP released monthly (1 billion per) from escrow went back into escrow. With all the news in this quarter, we can hardly wait to see the next quarterly report, to see how much supply remained out of escrow to meet demand.

*I actually kinda liked Janet Yellen, but the destruction of the dollar since the advent of the IRS and Federal Reserve is undeniable.