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instacalm (OP)
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August 26, 2014, 03:06:52 AM
Last edit: August 26, 2014, 04:05:26 AM by instacash |
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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  Haha... As of now: 71,010,747,718 Total XRP Held by Ripple Labs 28,989,252,282 Total XRP Held by Others |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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str4wm4n
Legendary
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Activity: 1611
Merit: 1001
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August 26, 2014, 03:11:38 AM |
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to whom were they released? I want in!
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instacalm (OP)
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August 26, 2014, 03:22:59 AM |
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to whom were they released? I want in!
... don't  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. |
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Cygnify
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August 26, 2014, 03:39:01 AM |
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Serious question,
Why would anyone invest in ripple? Use, I can kind of understand (although I haven't) but invest, no chance.
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Cygnify
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August 26, 2014, 04:11:02 AM |
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Not really it shows more so that people using ripple have no idea what their XRP are really worth at any moment.
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fudge
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August 26, 2014, 04:11:52 AM |
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it was 100 billions some days ago
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Haшa гpyшa нaйpoзкopчyмaкyвaтiшa!
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fudge
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August 26, 2014, 04:14:06 AM |
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Haшa гpyшa нaйpoзкopчyмaкyвaтiшa!
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instacalm (OP)
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August 26, 2014, 04:17:09 AM
Last edit: August 26, 2014, 04:46:28 AM by instacash |
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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  |
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BayAreaCoins
Legendary
Offline
Activity: 3920
Merit: 1242
Owner at AltQuick.com & FreeBitcoins.com
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August 26, 2014, 04:23:18 AM |
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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 |
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maggie.
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August 26, 2014, 06:21:43 AM |
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Serious question,
Why would anyone invest in ripple? Use, I can kind of understand (although I haven't) but invest, no chance.
Agreed.i always wonder why people buy XRP?Ripple system is good but XRP is a piece of sh** |
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newuser01
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August 26, 2014, 06:40:41 AM |
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haha
this just confirms what I thought
ripple = manipulative shit that should be avoided
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wakasaki96744
Member
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Activity: 81
Merit: 10
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August 26, 2014, 06:52:51 AM |
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Would have been better for Ripple to just let BitsharesX go above them. Makes them look even worse now...lol
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NXT-98EP-BVRB-WU6B-386RA
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EvilDave
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August 26, 2014, 08:13:44 AM |
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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.
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lotosminer
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August 26, 2014, 08:17:44 AM |
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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.
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Anotheranonlol
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August 26, 2014, 08:39:11 AM |
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https://www.ripplelabs.com/xrp-distribution/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=cache71,747,399,323
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/
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lotosminer
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August 26, 2014, 08:59:13 AM |
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this is too shady
Shady waters can be full of fish |
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profitofthegods
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August 26, 2014, 10:04:13 AM |
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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.
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themasknetwork
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August 26, 2014, 10:14:48 AM |
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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 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 ?? |
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Litesire
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August 26, 2014, 10:17:28 AM |
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The dutch are doing it right, that's all I am going to say.
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profitofthegods
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August 26, 2014, 10:19:22 AM |
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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 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. |
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