Jump to content

XRP Distribution


karlos

Recommended Posts

17 hours ago, Xi195 said:

Average distribution since Dec 31, 2015 = ~238M per month

This is intriguing.  What's the math behind it - a comparison of the published "outstanding" at different points in time? 

Link to comment
Share on other sites

TOTAL XRP HELD BY RIPPLE:64,559,040,614

TOTAL XRP HELD BY OTHERS:35,438,257,609*

As of July 10th, 2016
*Total includes business development agreements that are still pending.

Link to comment
Share on other sites

  • 2 weeks later...
  • 2 weeks later...

So Ripple distributed 7,755,965 between July 24th and July 31st.  Looks like they're not selling very much per week - that amount is a small blip in the current market volume. 

At current prices, that amounts to approximately:

  • $186k per month

Maybe they range higher during certain weeks to get to that 238M per month  average that @Xi195 calculated.  That old average would gross:

  • 1.4 million per month

 

Link to comment
Share on other sites

6 hours ago, Hodor said:

small blip in the current market volume

don't forget current "market" are mostly robots boring each other.

it is possible those few millions they sell are a substantial part of the real volume.

their organization is expensive. unless they want to sell more of their skin to VC's, they'll have to sell to cover costs, whatever the effect on the market turns out to be. we've seen the effect...

more time for us to load up...

Link to comment
Share on other sites

29 minutes ago, lucky said:

don't forget current "market" are mostly robots boring each other.

it is possible those few millions they sell are a substantial part of the real volume.

their organization is expensive. unless they want to sell more of their skin to VC's, they'll have to sell to cover costs, whatever the effect on the market turns out to be. we've seen the effect...

more time for us to load up...

Still bullish even in the face of stagnation? I hope you don't get me wrong. I'm just curios...

Link to comment
Share on other sites

4 hours ago, Pucguy37 said:

Okay. Please can you be so kind to summarize why

Short answer: I like rock solid plans.

I believe in their concept of the Internet of Value. People paying people, people paying machines, machines paying people, machines paying machines. I think it's not an if, but a when, that we are moving into that new era. I believe that eventually, all current value will be moving to this new network, and that value that does not move, will eventually cease to be accounted for.

Ripple is building the network with not only the best features for a global payment platform, but it is also building the best connections from this new network to the old value network, so that it can move in. That's also what the X stands for in XRP. The X is ultra important in what's about to happen. Ripple is not only building the railroads on a new continent, it's also building the boats to it and the passenger terminals.

Ripple's connection to old money through fiat wealth is still just the first step. The next step is to bypass fiat (which is just a proxy to the real value), make fiat money obsolete, and directly trade native value with other native value. There's that X again.

Building the platform, and building those connections, convincing people to join in, takes considerable effort and time. But I think that Ripple already has a key advantage that will be very hard to compete with. They have my support, because the plan is very, very good. Unlike bitcoin, and Etherium where, if you really think those through, can only fail. Bitcoin because it is unfit as a unit of account, because of energy consumption / global warming, and because it is the money of criminals. Etherium because we don't want no freaking unstoppable machines operated by anonymous cowards in our society.

Certainly the current price does not reflect all this. But that also has its advantage. To defeat your opponents, it is better that they think you are weak. I'm buying in more this weekend, new Bitstamp funds have just arrived. I hope these words don't affect price positively!

Edited by Guest
Link to comment
Share on other sites

@Hodor About a month ago they started updating distribution any Monday that had distribution the previous week. Increased frequency seems like it's another step to prepare for the MM plan. Yes, some weeks have been very slow but the average is still about 250M per month, or 3B per year. 

@Pucguy37 The network as a whole is not stagnant. It's growing. Go to ripple charts and look at the metrics for daily transactions. The high has recently been set and the overall trend is upwards. 

Also like @lucky said they have a plan. They do not rush and most of us appreciate that. Will be interesting to see what happens when they actually try to sell XRPs and release the MM white paper. 

Link to comment
Share on other sites

Worth mentioning that +/-250M XRP is about $1.5M per month/$18M per year...selling code. Companies make less than that on more than $200M in revenue. Though Ripple is not a small organization, I'm sure that covers a large portion of their overhead. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...