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"XRP Distributed" Decreases Nov 5th to Nov 12th. How is that possible?


jd2424
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So this page shows stats on Ripple. If you scroll down, you'll see the "Total XRP Distributed." I started keeping track of this recently. I dont have screenshots, but I show that XRP distributed has actually decreased between November 5th and November 12th. Was this just bad data or is their something else going on here?

Nov 5: 38,622,892,459

Nov 12: 38,622,870,411

 

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Interesting.  That would be a rough burn rate of 2.5 per minute over those days.  What I saw this morning was a burn rate of around 6 per minute, so it may have increased?  This doesn't take into account the variation that must occur throughout the day, though.

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1 hour ago, jd2424 said:

So this page shows stats on Ripple. If you scroll down, you'll see the "Total XRP Distributed." I started keeping track of this recently. I dont have screenshots, but I show that XRP distributed has actually decreased between November 5th and November 12th. Was this just bad data or is their something else going on here?

Nov 5: 38,622,892,459

Nov 12: 38,622,870,411

 

After every XRP transaction (buy, sell, transfer) a fraction of a penny (10 xrp drops right now, i think) of xrp is destroyed.  Since there has been higher transaction volume in XRP since the AMEX news, more XRP is being destroyed.  Since the price of XRP is so low right now, the destruction rate is noticeable.  As the value of XRP increases, a fraction of a penny of XRP will be smaller and the destruction will be less noticeable.  For example, if the destruction rate at $0.25/xrp is 10 drops, if the price increases to $0.50 the destruction rate will drop to like 8 drops.  (this example is just hypothetical).

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