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Brad G talks


HAL1000
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7 minutes ago, RandyMarsh said:

Well that was entertaining, I can only imagine how frustrating some of those questions were for him but he did a pretty good job keeping it together and delivering the facts.

This was a good talk. There are a few things that he reinforced. Most of that is available on quarterly reports and is also public knowledge of course…

TLDR; for those who don’t want to listen to the whole thing.

  • Ripple’s valuation doesn’t include XRP and will likely never include it. This was known of course butĀ he specifically said it is marked to market at zero.Ā 
  • XRP sales are only to their customers - i.e. not to the public markets, again well known.
  • XRP sales are recognised as revenue, and this is a significant portion of their total revenue.Ā 
  • They buy back most of the XRP they sell. There was a question of ā€œisn’t this market manipulationā€ where he started to explain why it isn’t manipulationĀ but then got pissed off for being interrogated when he was invited to give his thoughts on FTX.
  • If you see the quarterly report, Ripple’s sales are around 0.46% of total quarterly XRP volume or something. Q3 was $300M net, which is chump change.
  • For the first time, I have heard Brad express his views publicly on Lublin and ConsenSys and the whole hypocrisy of it.
  • He emphasised how Ripple, as a private company, doesn’t need to be transparent about anything but they still chose to be since 2017/2018.
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