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.
> what does that have to do with my grandparent post
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.
I dont know the answer to the network structure, I think it is some kind of staking/validating thing, thats the basis of my thesis and I had tangentially read it somewhere before deciding to pass on XRP for other reasons. feel free to tell me if you do some independent research on that assumption
Yes it is the same standard of any commodity and currency, which is why its not irrelevant. Same info, different conclusions, odd.
i don't have any useful answers for you. i passed on XRP solely because it has nothing to do with cryptocurrencies and it bothers me that they try to pretend to be one and it seems like people are buying it (pun intended).
