XRP about to finish its correction. Bull market about to start!
Updated
Lets put something to rest regarding the 50billion+- XRP Escrow. Many questions about it again after JedMcCaleb burned 50billion XLM since nobody wanted to use it. It made sense for Stellar to reduce their supply (desperation) The XRP escrow serves as a treasury function. Understand economics & the financial world. XRP is being set up to be digital gold that will affect everything & anything of value moving across borders. This makes me even more valuable than gold. It becomes the life blood of the system. Without it theres no system.. Any system like this thats being built to run for centuries (or eternity?) Must have reserves so if theres a shortage or a need, a centralized institution like the IMF (your countries slave master) can distribute some to keep things running smoothly.. XLM didnt need the 50billion. Nobody wants it, no demand. So it made sense to burn 50billion and nothing stops them from burning whatever XLM they have just to try & create artificial demand with a low supply. But its a dead end. It will end like Mt Gox. I digress
So you got to start thinking of XRP the same way you think of gold. There are gold reserves in the ground & these can be taken out & wealth is created from this & distributed. XRP is already premined & when the value is pumped to 4 or possibly 5 digits (fuck you marketcap cunts) and economies grow, that 50billion+- XRP will go a very looooong way to bailing out or loaning nations & central banks. This system is designed to last for eternity ( I bet they said the same about all systems but fuck who knows since they can issue other tokens on top of this)
If there was no demand for XRP & there was no plans to use the escrow reserves as a treasury function, Ripple would have burned the escrow just as stellar had done. If I were Jed I wouldnt sell any more XRP unless all founders who took billions are being forced to lower holdings
So you got to start thinking of XRP the same way you think of gold. There are gold reserves in the ground & these can be taken out & wealth is created from this & distributed. XRP is already premined & when the value is pumped to 4 or possibly 5 digits (fuck you marketcap cunts) and economies grow, that 50billion+- XRP will go a very looooong way to bailing out or loaning nations & central banks. This system is designed to last for eternity ( I bet they said the same about all systems but fuck who knows since they can issue other tokens on top of this)
If there was no demand for XRP & there was no plans to use the escrow reserves as a treasury function, Ripple would have burned the escrow just as stellar had done. If I were Jed I wouldnt sell any more XRP unless all founders who took billions are being forced to lower holdings
Note
How to understand the major role #XRP is playing in this coming New World Order, heres an example. Think of a small town of 1000 adults & 5000 kids. The town is so indebted that its about to crash & there will be pain & chaos which would result in the Mayor losing power & control
So the Mayor comes to all the adults and says we are creating a new system to move away from the broken old one. He tells all the adults the plan & tells them a certain rock is what will be used in this new system & all the adults should work with the rock company mining the rock
The adults go & work with the mining company. They are allowed to purchase rocks at a cheap value based on their asset holding & debt ratios. Then the mayor tells the adults what the value of this rock will be in the future so all adults should settle their debts..
All the adults move their rock holdings around using the known future valuation and settle their debts. Adults are now happy. They know they will enter the new system debt free and wealthy. The only catch is the childrens debts wont be settled by the adults.
But in the new system the adults could restructure the debts of the children to ease their burden but still keep them working....
Now read this again & replace the words
TOWN - WORLD
ADULTS - MAJOR BANKS/INSTITUTIONS/COMPANIES ETC
MAYOR - POWERS THAT BE
CHILDREN - CITIZENS OF THE WORLD
ROCKS - XRP
And we can add that in the end the Mayor (Powers that be) takes control of the Rock mine (XRP Escrow) and we enter the new system and the power structure remains intact. Everyone at the top is a winner. Consumer will remain slaves to the new system as well.
A few slaves holding XRP will be liberated and thats a small price to pay for the Powers that Be. As long as the majority remain enslaved, the system continues to work. Every human cannot and will not be liberated. If they are then theres no system and power structure.
There are 2000+ shining rocks (cryptos) but how many r working with the system? How many r positioned to work for a specific purpose that would create wealth and ensure the transition from the old system to the new? How many has the backing of the IMF/UN etc? Its not difficult
You have to be either braindead or have actual rocks for brains to not understand and see whats going on. Those clinging to bitcoin and clinging to a dream long killed by XRP. They are chasing a dead end. XRP holders are holding on to the future.
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