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Title: Lets look at the absurdness of the XRP Post by: ً؛قو on February 08, 2018, 11:25:31 AM Jeb McCaleb still has 5.3 billion XRP and is allowed to sell by court order $10000 worth of XRP per week. A nice weekly paycheck by any standard.
So this week 5.3 billion / 12 500 = 424000 weeks. So it will take him 8131 Years to dump all his XRP at this weeks price. Just for the entertainment, if price is $5 he can sell 2000 XRP a week 5.3 Billion / 2000 = two million six hundred fifty thousand weeks or 50821.91 Years of dumping by Jeb McCaleb and his grand,grand,grand,grand,grand...grand children. Will reckless XRP gamblers grand,grand,grand,grand,grand...grand kids still send the weekly paychecks to Jebs family tree? Luckely Chris Larsen holding 17.1 Billion XRP, 6.7 billion XRP as well as a 17% stake (10.4 B xrp) in the company and Brad Garlinghouse, who owns a 6.3% stake (3.8 Billion XRP) in the company and owns additional XRP tokens have no court restrictions and can dump much faster. They should be done with dumping within 5000 years ;D ;D Chris' foundation has has 7 Billion and Arthur 3 Billion David Schwartz, Dev was gifted 1 Billion XRP Tokens for being incompetent and loose part of the Database (Ledger 0 - 32569, its worthy a 1B bonus) How many Billions Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg has is unknown. On top of it XRP is not used by Banks or anyone else except by Ripple Inc in 0.0001% of cases to exchange junk1 to junk2. Volume or liquity does not matter in this case because no-one is exchanging junk1 for junk2 in a meaningful volume otherwise it would not be junk1 or junk2 in the first place. By contractual agreement R3 is buying XRP for $0.0085 USD a piece for the next few years (which is the real XRP price as agreed by Ripple and R3). Now lets wait 2 or 3 post when the next one starts to think and believe again. Believing is some reminisce from the middle ages. |