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Title: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: instacalm on August 26, 2014, 03:06:52 AM The guys and gals at Ripple got desperate and just released another 20 billion XRP (8B before) to leap frog to #3 on Coinmarketcap from one second to another :D
Haha... As of now: 71,010,747,718 Total XRP Held by Ripple Labs 28,989,252,282 Total XRP Held by Others Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: str4wm4n on August 26, 2014, 03:11:38 AM to whom were they released? I want in!
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: instacalm on August 26, 2014, 03:22:59 AM to whom were they released? I want in! ... don't ;)Quote Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued. Ripple Labs will retain the remaining 25 billion. As of November 30, 2012, 7.2 billion XRP have been distributed. The amount of XRP distributed can be found on the Ripple website and their movement tracked through the Ripple Live Network. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Cygnify on August 26, 2014, 03:39:01 AM Serious question,
Why would anyone invest in ripple? Use, I can kind of understand (although I haven't) but invest, no chance. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Cygnify on August 26, 2014, 04:11:02 AM Not really it shows more so that people using ripple have no idea what their XRP are really worth at any moment.
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: fudge on August 26, 2014, 04:11:52 AM it was 100 billions some days ago
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: fudge on August 26, 2014, 04:14:06 AM Yes. https://web.archive.org/web/20140715151241/https://coinmarketcap.com/
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: instacalm on August 26, 2014, 04:17:09 AM Yes. https://web.archive.org/web/20140715151241/https://coinmarketcap.com/ Thanks for clarifying, fudge. That is merely the total cap of Ripple (100B) and Coinmarketcap displayed this incorrectly, although it calculated the correct market cap from only the 8b in circulation at that time. It switched to displaying only the coins in circulation shortly after. With the release of 20B more coins, Ripple's capitalization jumped from 38 to 138 million instantly... perhaps CMC should simply remove it ;D Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: BayAreaCoins on August 26, 2014, 04:23:18 AM Yes. https://web.archive.org/web/20140715151241/https://coinmarketcap.com/ Thanks for clarifying, fudge. That is merely the total cap of Ripple (100B) and Coinmarketcap incorrectly displayed these, although displaying the correct marketcap calculated only from the 8b in circulation at that time. It switched to displaying only the coins in circulation shortly after. With the release of 20B more coins, Ripple's capitalization jumped from 38 to 138 million instantly... Jesus fuckin age Christ that is one fuck of a coin!!!!! *throws life savings into it due to market cap* Heavy sarcasm obviously :D Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: maggie. on August 26, 2014, 06:21:43 AM Serious question, Agreed.i always wonder why people buy XRP?Ripple system is good but XRP is a piece of sh**Why would anyone invest in ripple? Use, I can kind of understand (although I haven't) but invest, no chance. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: newuser01 on August 26, 2014, 06:40:41 AM haha
this just confirms what I thought ripple = manipulative shit that should be avoided Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: wakasaki96744 on August 26, 2014, 06:52:51 AM Would have been better for Ripple to just let BitsharesX go above them. Makes them look even worse now...lol
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: EvilDave on August 26, 2014, 08:13:44 AM That was such a dumb move....it just screams: "Oh noes, I'm afraid of the big bad BTSX"
Even if it was planned before BTSX showed up, the timing makes it look so dodgy. Oh, well, it's their reputation on the line. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: lotosminer on August 26, 2014, 08:17:44 AM XRP as a currency might be shit, but the Ripple system seems to be good and with ~50 employees they have now it can be something big one day.
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Anotheranonlol on August 26, 2014, 08:39:11 AM https://www.ripplelabs.com/xrp-distribution/
Quote 71,010,747,718 Total XRP Held by Ripple Labs 28,989,252,282* Total XRP Held by Others As of July 31, 2014 *Total include business development agreements that are still pending. http://webcache.googleusercontent.com/search?q=cache%3Ahttps%3A%2F%2Fwww.ripplelabs.com%2Fxrp-distribution%2F&oq=cache Quote 71,747,399,323 Total XRP Held by Ripple Labs 8,252,600,677 Total XRP Held by Others As of May 31, 2014 ??? also https://xrptalk.org/topic/3773-another-wholesale-buyer-dumping-20-mil-xrp/ Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: lotosminer on August 26, 2014, 08:59:13 AM this is too shady Shady waters can be full of fish ;) Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: profitofthegods on August 26, 2014, 10:04:13 AM They didn't actually release any new coins, they just updated the figures to include the founders' allocation which for some unknown reason was missing from the numbers before.
But I agree that doing this now just to push above Bitshares and steal their limelight does't look good. I also find it strange since Ripple Labs seems to be doing everything it can to move Ripple away from the crypto currency scene and to get its users from traditional Financial Tech type companies. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: themasknetwork on August 26, 2014, 10:14:48 AM The guys and gals at Ripple got desperate and just released another 20 billion XRP (8B before) to leap frog to #3 on Coinmarketcap from one second to another :D Haha... As of now: 71,010,747,718 Total XRP Held by Ripple Labs 28,989,252,282 Total XRP Held by Others The protocol allows the team to "issue" new coins ?? Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Litesire on August 26, 2014, 10:17:28 AM The dutch are doing it right, that's all I am going to say.
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: profitofthegods on August 26, 2014, 10:19:22 AM The guys and gals at Ripple got desperate and just released another 20 billion XRP (8B before) to leap frog to #3 on Coinmarketcap from one second to another :D Haha... As of now: 71,010,747,718 Total XRP Held by Ripple Labs 28,989,252,282 Total XRP Held by Others The protocol allows the team to "issue" new coins ?? No new coins were issued, they just updated the figures to include the founders' allocation. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Fernandez on August 26, 2014, 10:24:36 AM Keep everything to themselves, bump up the price and unload on the market. Good to see its fork Stellar following a similar get rich quick path.
Some day we will see an actually good fork with a good distribution. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Lauda on August 26, 2014, 10:42:42 AM They didn't actually release any new coins, they just updated the figures to include the founders' allocation which for some unknown reason was missing from the numbers before. From the recent information that I've gathered both Bitshares and Ripple are bad to their very core.But I agree that doing this now just to push above Bitshares and steal their limelight does't look good. I also find it strange since Ripple Labs seems to be doing everything it can to move Ripple away from the crypto currency scene and to get its users from traditional Financial Tech type companies. They did however surprise me when Ripple jumped to #3. If they had distributed most of the funds their market would crash, same with Bitshares. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: keywi on August 26, 2014, 11:13:13 AM I guess ripple is on track to be the first trillion dollar coin.
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Capt Drake on August 26, 2014, 11:20:49 AM this is too shady Shady waters can be full of fish ;) full of sharks and whales... Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: BayAreaCoins on August 26, 2014, 11:34:52 AM this is too shady Shady waters can be full of fish ;) full of sharks and whales... This ones a turd. I'm not just sure, I'm http://www.photosensitive.com/imgs/hiv-africa.jpg Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: atoni on August 26, 2014, 12:01:30 PM Nah, they just updated web page which said only 8,2 billion is distributed while the truth was that its 28 billion. They just know updated their web page. Before it said 72 billion held, 8 billion distributed. Since 100 billion is created its common knowledge that 28 billion is distributed if 72 billion is held. Everyone knew that. I dont know why coinmarketcap used 8,2 billion in the first place.
The most correct would be to use 100 billion since its premine and all of them are created at once. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: kelsey on August 26, 2014, 12:14:25 PM wtf? people actually check to include the premine scamcoins when viewing coinmarketcap ???
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: chryspano on August 26, 2014, 12:55:48 PM Ripple's reaction when they lost the 3rd place...
https://i.imgur.com/myfrZbH.jpg Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: Litesire on August 26, 2014, 12:58:37 PM wtf? people actually check to include the premine scamcoins when viewing coinmarketcap ??? By default coinmarketcap does not show the premine amount, you have to filter it. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: atoni on August 26, 2014, 01:01:24 PM Nah, they just updated web page which said only 8,2 billion is distributed while the truth was that its 28 billion. They just know updated their web page. Before it said 72 billion held, 8 billion distributed. Since 100 billion is created its common knowledge that 28 billion is distributed if 72 billion is held. Everyone knew that. I dont know why coinmarketcap used 8,2 billion in the first place. The most correct would be to use 100 billion since its premine and all of them are created at once. yeah right, just a few hours after another scam outperformed their baloney, sure. I dont think Ripple Labs is even remotely considered about its market cap or price of XRP. For over 2 years they keep telling people that XRP is not speculative currency and that its price doesnt matter. They have much more serious business to do. IMO they were pressured by buyers to do it, since before it was 8,2bn and then Jed came out saying he will dump 9bn so noone understood how is that possible and people thought that 8,2bn is misleading number. Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: btcxyzzz on August 26, 2014, 01:39:16 PM That's a joke, market caps of mined and non-mined coins are completely different things. I can fuckin make non-mined coin and give it like gazzilion units and dethrone Bitcoin if I want.
Title: Re: Ripple on Coinmarketcap - 20 billion leapfrog to #3 Post by: From Above on August 26, 2014, 01:40:28 PM who even gives care about RiPPle?
~CfA~ |
