XRP - Ripple Currently being sued for 1 BILLION?

[AdolfinWolf]

Ripple is currently being sued by R3,  because their contract has been wrongfully terminated
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP's price?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

[NewbCoins]

ripple trash. is centralize digital currency, not cryptocurrency.

[Renji Abarai]

Maybe Ripple do not want to give R3 anymore the coins because they know it can worth more than that. Though Ripple is at fault in my opinion, I do not know what will be effect  or the impact on the XRP coins. In addition to that, the China  issues banning some cryptocurrency.

[SonnetStar]

5 billion xrp is a drop in the bucket overall, as long as R3 are not idiots and release all at once to crash the market

I don't think R3 will get all 5 billion xrp either court cases can go on for a long time

[andrew2k]

This will surely affect XRP's image if the scandal gets bigger. Imagine if other companies will start questioning Ripple's leadership and its decisions. Also if R3 wins the suit I think they will at least dump a part of the coins or all of them actually because overall this could affect XRP as a whole and its credibility, this will be just the drop to start the hehe ripple effect.

[mar^2]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

[AdolfinWolf]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

With the volatility of crypto, i wouldn't be so sure of that.

Whenever there's extremely bad news coming from a coin, it tanks like crazy. Math rarely correlates well with the reality, which is, if they win the lawsuit, a devaluation of over 13%.

That seems pretty concerning to me, if i would still be holding ripple, and, if i wouldn't have to, wouldn't take it either.

[thejaytiesto]

This will surely affect XRP's image if the scandal gets bigger. Imagine if other companies will start questioning Ripple's leadership and its decisions. Also if R3 wins the suit I think they will at least dump a part of the coins or all of them actually because overall this could affect XRP as a whole and its credibility, this will be just the drop to start the hehe ripple effect.

R3 is bankster garbage, a conglomerate of the same weasels as always trying to get into the crypto bandwaggon. Ripple was always a scam, I hope that whoever was holding it for some reason, managed to dump during the nonsense pump we saw a while ago and made some killer BTC gains, otherwise you are screwed for the time being and holding a bag of useless coins.

BTC is already recovering after being banned by china for the 1000th time.

[HardFireMiner]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

Your mathematics is genius , had a good laugh .
13% thrown in the market at once will crash it to 1 satoshi.

Also, how about a nice conspiracy theory? What if behind R3 are also Ripple's creators, and they do it on purpose for nice exit scam? Or what if they intentionally broke the contracts conditions in order to exit with millions/billions?

[shyliar]

Not sure why this would affect price at all. It's not like R3 would sell every token instantly.

Ripple regularly releases a billion coins into circulation. Just since the beginning of last September they released over 3 billion more coins. These US legal cases take years sometimes, so likely 10 billion or more will be released before the case is decided. Another 10 billion during the appeal.

If R3 wins the profit is just split between Ripple and R3. No difference. Remember Ripple has billions and billions more of these centralized tokens they plan on releasing anyhow.

[mar^2]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

Your mathematics is genius , had a good laugh .
13% thrown in the market at once will crash it to 1 satoshi.

Also, how about a nice conspiracy theory? What if behind R3 are also Ripple's creators, and they do it on purpose for nice exit scam? Or what if they intentionally broke the contracts conditions in order to exit with millions/billions?

Thank you for your useful contribution to this conversation </sarcasm>

[g___]

for the losers speaking on xrp without any clue as to what's actually happening, and why...

(from xrpchat.com, via member "rip")

Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.

Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.

A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”

[alyssa85]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

Woah - R3 were entitled to 13% of the whole supply?!

I really really don't understand why anyone invests in Ripple - it's all concentrated, they keep promising real life uses but nobody ever uses Ripple. What is the point?

[ruffles2016]

That is surely very bad news, that will make ripple's price go down. I guess its their right to get those coins at very cheap price. They made agreements and it needs to be fullfilled. I really dislike Ripple.

[legendbtc]

Maybe Ripple do not want to give R3 anymore the coins because they know it can worth more than that. Though Ripple is at fault in my opinion, I do not know what will be effect  or the impact on the XRP coins. In addition to that, the China  issues banning some cryptocurrency.

But many experts are predicting that XRP will be more in coming days, in background team is working very hard in the different parts of the country to provide a good facility for banking sectors throughout the world wide.

[mar^2]

for the losers speaking on xrp without any clue as to what's actually happening, and why...

(from xrpchat.com, via member "rip")

Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.

Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.

A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”

Great insight, that's very interesting. This would mean that R3 probably won't get their 13%, which is positive news for XRP.

[buddabudda]

Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.

"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "

Which is calculated,



0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.


How is this going to affect XRP?


https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0

It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.

Woah - R3 were entitled to 13% of the whole supply?!

I really really don't understand why anyone invests in Ripple - it's all concentrated, they keep promising real life uses but nobody ever uses Ripple. What is the point?

In a celebratory mood, R3's chief architect, consortium of software development companies, Richard Gendal Brown, broadcast details of the recent release of the Corda distributed book platform. This is an important milestone for startup, which for two years has been working on version 1.0 with $ 100 million in capital for execution. The Rope was unveiled in 2016 as a cheaper and simpler way for global financial institutions to carry out large amounts of transactions.

[Dareious]

I'm glad to have sold all my XRP since I didn't see it doing anything in the future which might justify a substantial price increase. These news only confirm my suspicions.

[FrayDigger]

XRP wasn't a stable coin.. now it has come to an end

[cryptonianz]

This story is not new! If you investigate it further you will see that they will not be getting the 1Billion Tokens since they bridge their agreement prior.

It is funny since this kind of post on Bitcointalk appears the day that Ripple price increases, is this a coincidence?