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Morgan

Crypto Detective Reveals: Only 10% of Ripple is Held by the Masses

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"An incredible 84 billion XRP, out of a total 100 billion, is held by Ripple Labs, the Ripple board or former members of the Ripple board, new extensive data reveals.".

"The data appears to be authentic, and perhaps even immaculate, although we have not undertaken extensive verification."

 

http://www.trustnodes.com/2018/01/20/crypto-detective-reveals-10-ripple-held-masses

 

 

Quick everyone! Sell now! RIPPLE HAS BEEN EXPOSED. m1gdankmemes on reddit said so. His data "appears" to be authentic!

SMH.
 

Edited by Morgan

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That suggests XRP’s real market cap is far lower than we have been led to believe, standing realistically at around $8 billion, as opposed to the current suggested $60 billion.

That’s because the current market cap calculation accounts for a circulating supply of 38 billion, when such supply appears to be only around 8 billion, with the rest locked in contracts or in escrow, thus not sellable or buyable save for very slowly over months/years acting as inflation.

 

Ummmmm wtf? you've just contradicted the whole point of your argument.....****

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3 minutes ago, Apollo said:

This is false. Ripple Labs does not own founders XRP for example. They also to do not own board members, employees or partner's XRP. 

Not only that but the idiot can't do math 100-84=8?

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My first thought is, so what?

Ripple has plenty of XRP to incentivize new clients, the creators and employees have some as a reward for their ingenuity and hard work and we have some because we saw the great potential and bought in, It's all good.

Sri

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That’s because the current market cap calculation accounts for a circulating supply of 38 billion, when such supply appears to be only around 8 billion, with the rest locked in contracts or in escrow, thus not sellable or buyable save for very slowly over months/years acting as inflation.

This is true and has been remarked on many times on this forum. True circulating supply is far lower than the number of XRP not held by Ripple. Ripple often states that the majority of their sales go to institutional players with sales restriction to prevent market dumps. 

Ripple is trying to build out an effective market for XRP. Distribution is a hard problem to solve. RIpple does this through, small on market sales through market makers which help liquidity and partnerships. It will take many years for XRP to become fully distributed but this is something which is a necessary condition to Ripple having the ability to incentivize network growth. 

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Lots of people jealous of Ripples success.  Lots of hit jobs out there.

http://www.trustnodes.com/2018/01/20/crypto-detective-reveals-10-ripple-held-masses

An incredible 84 billion XRP, out of a total 100 billion, is held by Ripple Labs, the Ripple board or former members of the Ripple board, new extensive data reveals.

Another three billion is held by a Japanese holder. While “ordinary” individuals hold only around 8 billion XRP, 3 billion of which is held on exchanges.

Jed McCaleb alone, Ripple’s founder, holds around 5 billion XRP, while Chris Larsen, co-founder and executive chairman of Ripple, holds some 6.7 billion XRP.

The crypto detective suggests a number of the big holding addresses trade between each other, indicating potential wash trading.

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Crypto Detective Reveals: Only 10% of Ripple is Held by the Masses

Wow I have to say that's the most far stretching title that anyone could've thought of to publish a 'hey i found this excel sheet from someone else regarding ripple accounts! I don't really know if this is valid or anything or if people know this already, but hey this is juicy for a FUD topic!! Let's get some viewsssssss"...

 

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The data appears to be authentic

Quote

The crypto detective suggests

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Who compiled them is unknown

 

Edited by PRX

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Assuming for a minute...okay, half a second....the writer is correct...so the **** what? Only 3% of BTC is held by the masses.

Also, we know for a fact that Ripple are acting rationally with the XRP in their war chest. To allay fears, they escrowed it. They also demonstrated that they'll re-escrow unsold XRP. Their strategy with respect to it is pretty transparent.

Nobody knows who holds the 97% of BTC and nobody has any idea what they could do with it. There is zero transparency by comparison. 

Edited by OzAlphaWolf

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5 hours ago, Morgan said:

"An incredible 84 billion XRP, out of a total 100 billion, is held by Ripple Labs, the Ripple board or former members of the Ripple board, new extensive data reveals.".

"The data appears to be authentic, and perhaps even immaculate, although we have not undertaken extensive verification."

 

http://www.trustnodes.com/2018/01/20/crypto-detective-reveals-10-ripple-held-masses

 

 

Quick everyone! Sell now! RIPPLE HAS BEEN EXPOSED. m1gdankmemes on reddit said so. His data "appears" to be authentic!

SMH.
 

I actually like this news (not the BS post I'm replying to, but the trend that institutional holders of XRP will eventually hold more XRP than us non-FI investors) because that means the vast majority of XRP will eventually be under institutional control and Ripple the company is smart enough to put contractual limitations on what these institutions can do with their XRP which with more, new institutional purchases of XRP, this should lead to more price stability of XRP over time. :)))

Edited by enrique11

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