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Does OpenCoin have the 100 billions XRP?
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Topic: Does OpenCoin have the 100 billions XRP? (Read 484 times)
wingding
(OP)
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Does OpenCoin have the 100 billions XRP?
May 01, 2013, 11:18:18 AM
#1
I read on the Ripple wiki that there is 100 billion XRP, and that's all there's going to be. Does OpenCoin possess all those XRPs? I see that ripples are exchanged at 50 000 XRP/BTC in this forum. The value of all the XRP would then be 2 million BTC or approx $260 million. (today's rate)
So if the Ripple catch up popularity, those XRPs will be worth a lot. Is that the business idea of OpenCoin? (I do not understand Ripple fully, so if I got it wrong somehow, please enlighten me)
Trading
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Nothing like healthy scepticism and hard evidence
Re: Does OpenCoin have the 100 billions XRP?
May 01, 2013, 11:40:54 AM
#2
It's because there are almost 100 billion XRPs that I doubt each XRP will ever have a value much higher than the present one. Some of those have been already given away to bitcoin users, but that's only a very small part. It's curious that having them promised to give away billions of XRPs they have already limited several times the amount they give out to each bitcoin user. I wonder what will be the next step to give out XRPs. Or are they having second thoughts and deciding to keep all the rest to themselves?
The Rock Trading Exchange forges its order books with bots, uses them to scam customers and is trying to appropriate 35000 euro from a forum member
https://bitcointalk.org/index.php?topic=4975753.0
BurtW
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Re: Does OpenCoin have the 100 billions XRP?
May 01, 2013, 11:42:37 AM
#3
Quote
Does OpenCoin have the 100 billions XRP?
No, because I have a few of them.
Our family was terrorized by Homeland Security. Read all about it here:
http://www.jmwagner.com/
and
http://www.burtw.com/
Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
AntoH84
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Re: Does OpenCoin have the 100 billions XRP?
May 01, 2013, 11:44:01 AM
#4
Maybe
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