XRP Distribution

[Guest]

1 hour ago, Xi195 said:

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. 

But they give most of the XRP away for free.

[T8493]

3 minutes ago, baggy23 said:

But they give most of the XRP away for free.

Source?

[Guest]

3 minutes ago, T8493 said:

Source?

https://ripple.com/xrp-portal/

this is why the price will not go up much in the next 2-3 years

[T8493]

3 minutes ago, baggy23 said:

https://ripple.com/xrp-portal/

this is why the price will not go up much in the next 2-3 years

Can you be more specific? Where is it written that they give XRPs for free?

Ripple price was much higher in the past despite all "free" XRPs.

EDIT: There's also a link that says " For institutional XRP purchases "...

Edited August 13, 2016 by T8493

[Guest]

12 minutes ago, T8493 said:

Can you be more specific? Where is it written that they give XRPs for free?

Ripple price was much higher in the past despite all "free" XRPs.

 

"free" may be the wrong word. In 2014 there was the "computing for good" initiative. It was possible to "mine" XRP with computing power for scientific research but they stopped this - there were alot of cheaters.

It's still unclear how they will distribute their remaining XRP. They plan to give some of them to market makers (white paper still pending). And they distribute them to their partners (unknow on what criteria) The fact that they giveaway XRP and not sell them all blocks the price. In my opinion with another distribution model (ICO, mining) we would be long ago at higher price rates.

EDIT: of course they also sell some to institutions. When I remember correctly they plan to distribute 55 billions and will keep 25 billions for themselves

Edited August 13, 2016 by Guest

[T8493]

Just now, baggy23 said:

"free" may be the wrong word. In 2014 there was the "computing for good" initiative. It was possible to "mine" XRP with computing power for scientific research but they stopped this - there were alot of cheaters.

It's still unclear how they will distribute their remaining XRP. They plan to give some of them to market makers (white paper still pending). And they distribute them to their partners (unknow on what criteria) The fact that they giveaway XRP and not sell them all blocks the price. In my opinion with another distribution model (ICO, mining) we would be long ago at higher price rates.

Have you read this part:

Quote

Distributing value is a powerful way to incentivize certain behaviors. ...  Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.

?

[Guest]

3 minutes ago, T8493 said:

Have you read this part:

?

I'm okay with distributing value. Paypal did the same in early days. But I would like to have more informations on how they do this. How much they sell in the open market, what kind of agreements do they have on off market sales, and so on..

[Hodor]

4 hours ago, Xi195 said:

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. 

This is true.  Ripple has multiple, massive revenue streams. 

XRP is their long-term bet for massive pools of liquid wealth in the future, and it is a bright gamble. 

In the meantime, they continue to be one of the top shining stars of silicon valley.  It's natural for forum posters here to have questions about our personal investment and holdings of XRP, however, and the time frame of trading decisions - I'm just posting in this thread to share information, not throw shade on the company that will eventually transform all of the forex market and inter-bank transactions.  Time to load up on more XRP while the prices are low - they won't be this way forever!

[Duke67]

16 hours ago, lucky said:

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!

 

What a nice summary and a cool compact form of presenting Ripple to a small investor!

I feel it the same way, though I can hardly reach @lucky's qualities to express it.

Perhaps even Ripple itself could get some inspiration and borrow a few sentences from there. 

If every's Frankie & Johnny's blockchain project from Upper Meadows Creek present bold statements and plans to redefine the bitcoin world, I don't see any reason not presenting Ripple's vision and technology much louder.

[Xi195]

TOTAL XRP HELD BY RIPPLE: 64,439,207,292

TOTAL XRP HELD BY OTHERS: 35,558,046,921*

As of August 7th, 2016
*Total includes business development agreements that are still pending.

[statdude]

On 8/12/2016 at 10:52 PM, Xi195 said:

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. 

I came up with about the same numbers based on them saying on their site they would have about 50% left by 2021.

Also, if XRP holds current value, doesn't that them imply Ripple should probably be like a billion dollar company right now (valuation)? I guess you can't treat XRP as cash value, but they definitely would be worth that if you could. Nice piggy bank most traditional companies don't have  Double dip selling equity and XRP!

Edited August 30, 2016 by statdude

[rippleric]

Ripple has to be one of the fastest growing startups / companies in the world right now are they not?

[Guest Kaze]

Ah, I see you sneaky ways Eric to get double likes!! I'm watching you.

I wouldn't say fastest growing but definitely healthy and impressive growth coupled with massive potential.  Just wish more would see the same...maybe soon.

[rippleric]

2 hours ago, Kaze said:

Ah, I see you sneaky ways Eric to get double likes!! I'm watching you.

I wouldn't say fastest growing but definitely healthy and impressive growth coupled with massive potential.  Just wish more would see the same...maybe soon.

ha my stupid phone, they already have 150 employees, so I'd say they're growing fast! Yes very healthy, and yes I believe very soon  

[Xi195]

Distribution has been very slow the first three weeks of August. Weekly distribution updates are new, so I'm not sure if historical distribution was weighted towards the last week of the month. Next Monday we'll know how the month ends. MTD only ~4.9M XRP have been distributed. Calm before the storm?

 

TOTAL XRP HELD BY RIPPLE64,434,490,888

TOTAL XRP HELD BY OTHERS35,562,730,335*

As of August 21st, 2016
*Total includes business development agreements that are still pending.