The CTO of Ripple, David Schwartz tweeted, he thinks, with a stakeholders’ vote, Ripple would be forced to burn their locked XRP, currently around 50 billion tokens. Ripple has been criticized often, they flood the market with released tokens from vesting, keeping the prices low, and investors unhappy.
Such a burn event could be a drastic effect on the ecosystem, in a positive direction. The tricky thing is that the majority, in this case, is not the token holders’ majority, but the “miners”, the validators’ majority. And what would be the reason for this act?