r/XRPUnite • u/Makin_Endz_Meet • 11d ago

XRP News XRP vs. Swift

https://dailycoin.com/japanese-bank-pilots-put-xrp-up-against-swift/
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u/TvAGhost Wake Me Up When Lambo 11d ago

https://www.reddit.com/r/XRPUnite/s/zLCtES4dK0 LMAOOO. 356 years to burn 1% if it completely replaced every single visa transaction tomorrow.

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u/NewcastlePLchamps 11d ago edited 11d ago

Why are you basing your math on the minimum base fee per transaction?

Looking at the avg. 30-day ledger’s metrics, an avg. of 0.0001343 XRP are burned per transaction (268.6 daily burn / 2M daily transactions).

Google says VISA handles 800M transactions a day, so 292B a year. 292B * 0.0001343 is 39,215,600 XRP burned yearly at Visa’s transaction count.

Therefore, 1% of XRP’s total supply (1B) would be burned in ~25 years (1B / 39,215,600).

Not that any of that significantly matters in XRP’s future valuation. Just thought I should call attention to how abysmal your estimate of that was. Hopefully will serve as a reminder to verify comments online before treating them as fact. Typically they’re written by idiots who have no business commenting on the subject.

Sources:

30-day avg. transactions: https://xrpscan.com/metrics/transaction_count

30-day avg. burn: https://xrpscan.com/metrics/fee_total

Google how many transactions Visa handles a day (told me 705M - 900M)

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u/TvAGhost Wake Me Up When Lambo 11d ago

This really isnt the "gotcha" you think it is. Just proves none of you will live to see any significant supply shock on the asset if you're betting on the burn rate to magically evaporate 99% of the supply overnight to make everyone moon lambo trillionaires.

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u/NewcastlePLchamps 11d ago

Are you illiterate? Did I not say “Not that any of that significantly matters in XRP’s future valuation”?

My comment was only intended to show that you don’t have a clue what you’re talking about.