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Title: Ripple using Ixcoin funding model? Post by: Nasakioto on March 01, 2013, 08:00:08 PM It appears OpenCoin, the creators of Ripple, have borrowed a similar model to Ixcoin's. A certain amount of IXC were reserved for future development of the currency e.g. to fund developers, advertising and prizes. About 30% of all XRPs are reserved for this and a further 20% appears to go to the currency founders.
Opencoin currently has a 100% control of XRPs, so it is hard to predict the uptake level by the btc community of such a model. How will Opencoin deal with Ripple clones offering 100% distribution of the XRPs once they release the source code will be interesting. |