ONLY TWO TRULY DEFLATIONARY ASSETS EXIST. Jake Claver, recorded June 2026.
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What this recording covers
Claver categorizes XRP alongside uranium as strictly deflationary assets with supplies that systematically diminish over time. He details the protocol's burn mechanism, in which a small fraction of XRP is permanently destroyed as a network fee during every ledger transaction. With an initial fixed supply of one hundred billion tokens, Claver notes that daily burn rates gradually reduce the circulating total without the possibility of new issuance, as the master origin account has been permanently disabled. He recounts the history of the ledger, noting its creation in June 2012 under an initial token name, the subsequent transfer of eighty billion tokens from OpenCoin to Ripple, and the eventual adoption of the XRP ticker following an International Monetary Fund paper on exchange rate mechanisms. Claver explains that this continuous fee burn permanently constricts total supply across all network activity.
Where this fits
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