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Comment by baby

> speculation driven by scarcity

which makes it interesting as to why Ripples get "so much" value as a currency that has so many "coins". From Coinmarketcap[1], the circulating supply of ripples is 38,531,538,922 while bitcoin is limited to 21,000,000.

The other interesting thing is that Ripples "distribute" its coin as opposed to letting miners mine them.

I know nothing about economics so I would be interested to know why people put much value on Ripples. (disclaimer: I myself invested 6000 ripples just because they are currently cheap compared to the market cap they have.)

[1]: https://coinmarketcap.com

parent baby 9 years ago

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