Jed throws us some crumbs... (Stellar lumens giveaway)

[MundoXRP]

 

I am not sure if any one in here holds the same wallets (or keys to those wallets) they did 3 years ago I know I don't, but if you still do take advantage of the crumbs @jed is throwing our way. 

On a side note: I wouldn't want to hold any xlm once the potentially 19 billion free xlm hit the market. 

Quote

Claim lumens: XRP holders

On June 27th we will provide a link to the claim page, which will walk you through the simple process.

In addition to distributing lumens to bitcoin holders, we have also reserved 1% of the initial lumens (1 billion) to holders of XRP. For XRP, we took a snapshot of the ripple ledger 6,762,000 (a ledger occurring May 22nd 2014). Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time) in their account at that ledger qualify for the giveaway. Every qualified XRP holder can participate as follows: 

Pro-rata: Similar to the bitcoin holders, eligible XRP holders may receive their pro-rata share of lumens allocated to this giveaway (1%) and be credited for up to 1.5 million XRP.

Donation: Eligible XRP holders may also donate up to 1.5M XRP to a selection of charities and receive an equal amount of lumens in return.

 

Edited March 30, 2017 by tomxcs
Merged and title edit

[Greeny]

So Lumens after this will be worth something like $0.0000000000000000000000000000000000000000000000000000000000000000000000000000001.

 

[namini]

That's not exactly the distribution plan he announced back then (and I remember we should have had two different choices) but whatever...

What math will be used : total XRP (100B), total XRP held by others (37B) or distributed amount back then in 2014?

I don't know what numbers of coins it will give us, but I guess it will be ridiculous relative to our loss back then.

[Guest]

i approve of this thread title 

[Apollo]

How magnanimous of him. 

So nice to see he is still trying to incentivize people to dump their XRP. 

On a side note: Just watch an interview with him. So as of  Apr 26, 2016, he is still out there telling blatant lies about how, 1. he left Ripple and took a year off "before working on Steller." 2. Ripples code "sacrifices safety over liveness," which was the reason why Seller forked and 3. they now run a totally different code which is completely different from Ripple's  consensus. Also, to hear this guy talk he came up with Ripple almost all on his own.

Also, funny there is a cap on the wealth of the wallet. I wonder who he is targeting with that? It couldn't be Criss or Arthur could it? I mean that would be way too childish and spiteful for someone who is clearly so focused on social good? I'm just asking questions, and am certainly not implying anything. 

Edited March 28, 2017 by Apollo

[Guest]

4 minutes ago, Apollo said:

Also, funny there is a cap on the wealth of the wallet. I wonder who he is targeting with that? It couldn't be Criss or Arthur could it? I mean that would be way too childish and spiteful for someone who is clearly so focused on social good? I'm just asking questions, and am certainly not implying anything. 

yea but in fairness you know he doesn't want them dumping huge amounts of free lumens on the market and crashing the price that'd be immoral OH WAIT

[DanielW]

From an Objective  Financial Personal point of view, Jed is quite smart!

If you can't read between the lines that come to me when I first  read the first lines on this thread, then here is my speculation:

This will enforce and keep strengthening the use of BTC, so everyone wants free easy money, and all you have to do is to be a BTC holder, and that will enhance BTC's endorsement even more.

He doesn't care about XRP, he's just riding the boat of XRP media buzz, and that's smart for SEO reason, because how many were there for XRP back in 2014 and how many fall into his restrictions? Very few, so that's cheap marketing for a lot more audience he'd get for the money he spends on it (free money), and the proof is that we've been informed about it here on XRPChat.

Most importantly, he's creating his own XLM market by not distributing it to one exchange or a couple of them, rather he's spreading may be millions or over a billion of his XLM to end users, who will be making the volumes moves.

He's not insulting our intellects, rather he's using the human basic instinct of greed to create a billion dollar business for very little effort.

I salute his brain that creates this plan

Edited March 28, 2017 by DanielW

[Xi195]

3 hours ago, MundoXRP said:

Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time)

Sorry @Vinnie you don't qualify. 

[Guest Vinnie]

4 minutes ago, Xi195 said:

Sorry @Vinnie you don't qualify. 

LOL

[xrpwizard]

A ledger occurring May 22nd 2014.

I will also donate a distributed amount of a billion jedcoins to whoever can tell me the exact phrase they said at 10:00am on this date.

 

 

[Sapitoka]

Nice, gimme my lummens lol let's see how much I will get. 

[Phintech]

LOL !!!

Same bullshit as last time.  

Per their example, Rachael has 10 btc which entitles her to approx 10k lumens.  At today's market value that's approx $20 usd.  The time it will take to claim this offer (probably cumbersome) is likely more valuable to most than the payout.  No thanks!!

Published Example:

At time of snapshot
16,215,950 bitcoins in existence
Rachel owns 10 bitcoins

Rachel can claim
16,000,000,000 * (10/16,215,950) = 9,866.83 lumens

Calculation
Rachel owns .00006167% of the bitcoins in existence at the time of the snapshot.
Her 9,866.83 lumens therefore equals .00006167% of lumens given away.

[Apollo]

5 hours ago, DanielW said:

He's not insulting our intellects, rather he's using the human basic instinct of greed to create a billion dollar business for very little effort.

I salute his brain that creates this plan

1

I can't see this leading to anything close to a billion dollar business. The distribution problem is not so easy. I mean, just look at the history of Steller. 

And even it if did... I would still feel insulted.

[Sapitoka]

3 hours ago, Apollo said:

I can't see this leading to anything close to a billion dollar business. The distribution problem is not so easy. I mean, just look at the history of Steller. 

And even it if did... I would still feel insulted.

We should feel insulted for STR to have a value of 1/3,1/4 of XRP 

[Guest]

free money  = dumpy dumpy