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Who receives the XRP that Ripple distributes?

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So I am wondering who receives the XRP that Ripple newly issues? (I am not talking about generic XRP, I am talking about where does the newly issued XRP go?, i.e who buys it?) These new issues can be found on their website: https://ripple.com/insights/q4-2018-xrp-markets-report/

I am essentially referring to the new distributions of XRP by Ripple. 

In addition, I am wondering if you can find these transactions in an XRP explorer like Bithomp. If not, where can you find this information or transactions?

 

Also, what does it mean when Ripple says "sold $XX.XX million worth of XRP programmatically"?

Edited by rippleHero

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1 hour ago, rippleHero said:

So I am wondering who receives the XRP that Ripple newly issues? (I am not talking about generic XRP, I am talking about where does the newly issued XRP go?, i.e who buys it?) These new issues can be found on their website: https://ripple.com/insights/q4-2018-xrp-markets-report/

I am essentially referring to the new distributions of XRP by Ripple. 

In addition, I am wondering if you can find these transactions in an XRP explorer like Bithomp. If not, where can you find this information or transactions?

 

Also, what does it mean when Ripple says "sold $XX.XX million worth of XRP programmatically"?

2

You can search transactions via the XRP Charts Account Explorer. I don't have time to go through everything check out this previous discussion as it might give you some clarity: 

 

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2 hours ago, King34Maine said:

You can search transactions via the XRP Charts Account Explorer. I don't have time to go through everything check out this previous discussion as it might give you some clarity: 

Awesome! Good point.... I almost wish these sites weren't "anonymous"... I have a feeling that if our identities were known.... we wouldn't have to offer such obvious information..... but then again.... 

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5 hours ago, rippleHero said:

So I am wondering who receives the XRP that Ripple newly issues? (I am not talking about generic XRP, I am talking about where does the newly issued XRP go?

There is no such thing as "newly issued XRP". No one can create or issue more XRP.

5 hours ago, rippleHero said:

I am essentially referring to the new distributions of XRP by Ripple. 

This is what you should have said at the start. Where is the distribution of XRP from Ripple going (I.e. programmatic sales or OTC). 

 

Answer being, who knows lol. Big players.

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4 hours ago, MemberBerry said:

Programmatical sales is a nice word for "ripple is dumping xrp"

😂

Fair distribution of a cryptocurrency is a non-trivial problem.  A lot has been said and done in that area and there have been some notable fails.

The fairest way that I know of is to sell it at market price.  Many others, including Ripple,  agree.

Accordingly they sell programmatically at market value in small volume as the market can absorb without affecting the price too much.  I’ve seen estimates that it may contribute to a fraction of a cent difference.  They also sell at market,  via OTC,  which does not directly or immediately affect price...  in fact it might eventually contribute to price rises as some of the entities that they sell to start bringing actual usage to the ecosystem.

If you think that is “dumping” then I wonder what you would do instead?  Talk about being damned if you do,  and damned if you don’t....

Ultimately sane actors want the whole of the XRP distributed.  It certainly won’t be evenly distributed...  no wealth in the history of the world ever has been.  No doubt you will decry that injustice too...

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A tagged account is likely a pooled wallet.  Actually doesn’t have to be...  you can added a tag without need to any xrp move.  

But generally the big wallets with lots of tags coming in from lots of other accounts are the exchange pooled wallets.   They know who owns the funds by an ID tag for each different user.

But the inverse situation with no tag most often means it’s to an individual wallet.

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