The debate surrounding pre-mined versus mined cryptocurrencies has resurfaced, sparked by Bitcoin advocate Robert Breedlove's statement. He highlighted the differences as a red flag.
Background of the Pre-mining Debate
Robert Breedlove stated on social media that 'XRP is 100% pre-mined, while BTC is 0%'. This claim elicited strong reactions within the XRP community.
Economic Aspects of XRP and Bitcoin
Vet, a well-known XRPL validator and co-founder of XRPCafe, mentioned that once all 21 million BTC are distributed, Bitcoin and XRP will have nearly identical economic characteristics. He believes the method of circulation is less important over time, especially when both cryptocurrencies are finite and traceable.
Market Influence on Coin Perception
At this point, the numbers speak louder than any ideological debates. Bitcoin is trading at around $114,000, with 19.9 million coins already circulating. XRP is close to $3, with over 59 billion tokens on the market. Vet emphasizes that pre-mining is just 'accelerating something that's inevitable anyway' without the ongoing costs of complex consensus algorithms.
While old discussions about pre-mining and mining persist in crypto circles, real market demands indicate that what matters more is where coins are heading than how they were created.
