Re:Blockchain startup R3 sues competitor Ripple
by thebird on Friday September 08, 2017 @05:38PM
(#15204138)
That is incredible. The market cap of XRP is almost 8 billion, and having so many coins with a competitor would most likely crush the currency. I'm having difficulty imagining why Ripple would ever give a R3 the option to purchase 5% of coins in circulation, business agreements aside.
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Re:Blockchain startup R3 sues competitor Ripple
by nosuchthing on Friday September 08, 2017 @07:49PM
(#15204795)
The market cap of Ripple (and many of the premined coin/token supplies) is very misleading as often %70 or more of the total supply is in the hands of the founders or an anonymous presale/ICO "purchaser"
i.e. Ripple co-founder owns ~9,000,000,000 Ripple units, and is selling them off en mass:
https://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over...
Re:Blockchain startup R3 sues competitor Ripple
by Temasik on Saturday September 09, 2017 @02:06AM
(#15205779)
But still the public view EOS year long token distribution as a scam
No other business model to distribute tokens besides wasteful mining
Re:Blockchain startup R3 sues competitor Ripple
by peterarmstrong on Friday September 08, 2017 @09:24PM
(#15205101)
masse :)