I just re-read my last comment and i see an error
The forum that was hacked.. was THIS one !
Unfortunately, I don't remember the details any more of why we stopped that giveaway. I'm pretty sure we had very good reason to believe it was gamed, but I don't recall specifically what it was. It could just have been that most of the people receiving the giveaway immediately transferred the XRP to the same aggregator accounts (and they weren't exchanges or anything like that). But honestly, I don't recall.
Oh and i guess we all posted a wrong address huh ?
I didn't look closely, but I did see the link where you posted your secret rather than your address. That would have allowed anyone to steal your XRP. It's an easy mistake to make, but it definitely would have prevented you from receiving the giveaway because the process was automated.
Yup we all went and handed over our emails etc and hit on create address on the site and then copied it here "wrong"
I don't know how many invalid addresses were posted in the thread. It's easy to check. So if you're going to make the statement, you can easily measure. It might be a lot, it might not. I don't know. I never looked. But I'm not making claims about it. Obviously, invalid addresses didn't receive anything. Valid ones did until we ended the giveaway due to evidence that it was gamed.
That evidence is still available today. Survey the addresses pasted and look at where the XRP went. You can see that it went to a small number of accounts that were not exchanges. I think we had other stronger evidence at the time, but I don't recall for sure.
Oh and is there any word on that "partnership" ?
You know the one where you said that is why they unleash more coins randomly with no warning or explanation ? (of course not to jump past LTC in the market cap standings)
Honestly, I don't personally know for sure. I don't track all of our partnership deals as they happen and since I left the board of directors, I don't normally get the details on those deals unless I have some reason to ask. We generally wind up making the deals public but not their exact terms and we don't announce them before they're complete. Partners almost always insist such things remain confidential until they can do a press release. We announced a few partnerships with exchanges around that time, it could have been one of those, but I'm just speculating. The ledger is public, so you can probably figure it out if you look closely enough. It wouldn't surprise me if someone already knew and likely discussed it on xrpchat.
Or are you going to insult all our intelligence by claiming it was a coincidence ?
http://coinmarketcap.com/Kind of a coincidence dropping 333 more million coins on the public moved you Ripple guys from #4 position to #3 position leaping of Litecoin.
Again, I don't know the specifics of this incident. But it would be hard for me to imagine it was anything but. Timing a partnership deal is really complicated and access to our XRP reserves requires multiple parties to act in concert and various levels of internal approval.
And yeah i would be just as insulted if LTC guys did that too.
Only thing is THEY CAN'T
I agree that it's kind of strange to compare the "market cap" of systems that operate differently. In a sense, you could argue that the full, eventual supply of both LTC and XRP should be used to calculate the market cap since that's all priced in. But that would make the system gameable too -- say only one XRP was on the market, it might have a very high price. Multiplying that by 100,000,000,000 would obviously give a ridiculously large market cap.
At one time, our strategy was basically to do the same thing bitcoin was doing but to take market share from it by being technically superior. But that was a long time ago. We're not pursuing XRP as a retail payment currency. We're not pursuing XRP as an investment for individuals. Our strategy is primarily to promote XRP as a bridge currency for payments.
