Peaked at #1 Now #1
Joel Katz Discusses XRP Value Capture
JoelKatz argues a world where XRPL succeeds financially but XRP has little demand is unlikely without one dominant settlement asset.
Key points
- @JoelKatz said it is very unlikely that XRPL would be highly successful in financial applications while XRP does not have high demand and value.
- @JoelKatz said the only way that could happen would be a world with one totally dominant settlement asset, which seems unlikely to him.
- @JoelKatz said that even in a world where nearly all settlement is done using bitcoin, a successful XRPL would probably have several versions of wrapped/bridged bitcoin on it, and XRP will capture value bridging them.
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Original post
@uptownsaul @g_985589 @THEnome I think a world where XRPL is highly successful in financial applications but XRP does not have high demand and value is very unlikely. About the only way that could happen would be if we wound up in a world with one totally dominant settlement asset. That seems unlikely to me.
What others are saying
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JoelKatz says even if bitcoin dominates settlement, XRPL would host bridged bitcoins and XRP could capture value bridging them.
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From @JoelKatz, @Shineymike2026, @RobertXRPFF and others. Spam removed, with English and Chinese translations.
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