As someone who is currently invested in XRP, I would appreciate if you could elaborate on this flawed design instead of just posting a vague comment. I've done my research and thought the design was genius so I'm curious why you wouldn't like it.
Large premine, excessive centralization, supply of XRP far outpaces demand for consumptive use. The most interesting use cases only need small amounts of XRP, so it's unclear to what extent XRP value will remain correlated to Ripple Network usage growth.
Ripple I think would be more appropriately called a "centrally-managed cryptocurrency" rather than "decentralized". This is not to say it's doomed, but rather just that many XRP proponents misunderstand the technology and claim it shares technical properties with Bitcoin which it actually lacks. A known team controlling any cryptocurrency to this extent puts the entire currency at risk of rubber-hose and insider attacks.
> supply of XRP far outpaces demand for consumptive use.
This is a laughably meaningless statement in the context of a cryptocurrency. For which currency could someone possibly say that the supply does not outpace demand? What would that even mean? The precise amounts of supply or demand are irrelevant since the market will naturally find an equilibrium at wherever the current market price is.
What's laughable is your inability to understand. Outpace means go "faster". It means that The level of supply rises up faster than demand so that you will observe a price change. If demand and supply rose at an equal rate, you will observe no price change.
I hope this educated your mind. The education system in many parts of this country has huge problems and I'm glad that uneducated people from deficient areas that lack basic math programs for people with special needs come to Hacker news too learn more. I applaud you for taking the initiative to learn!
Other than that, what I really didn't like about your response is your insulting tone. The parent poster did nothing to deserve such a response. "laughably meaningless statement" is a vile and disgusting statement in itself. There are other ways to critique someone's statement. The way you did it is highly immature.
