Author's forenote: I totally get the logic behind the XRP argument. Anyone who has done enough research on the "birth" of XRP will see that, at one point, Ripple staff said XRP was gifted to them by an anonymous creator. Later on they say, "We created XRP..." bla bla bla. This discussion isn't about XRP, as I think if Ripple started from scratch in 2020 with the XRP token, many if not all exchanges and banks would laugh at them.Technically, gold was created before humanity ever was, and had no value before humanity discovered the properties that made it different from other metals. Mining gold did not give gold its value. Molting it, as well as discovering its scarcity, did this.The argument of, "Oh well, that just means they can mint more whenever they want." also seems a bit dumb. Who can do this and why would they do this? I mean, to the best of my knowledge I've only seen/heard of 51% attacks taking place on lower-market-cap coins like the odd bitcoin clone or even Ethereum Classic. Don't 51% attacks make more coins get minted to?At any rate, let's get some civil discussion going.
Submitted June 20, 2020 at 11:22AM
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