Re:Blockchain startup R3 sues competitor Ripple
by s17n on Saturday September 09, 2017 @03:17PM
(#15208694)
If you can quickly sell 42M worth, it's risk free. Otherwise, you're betting on the long term viability of Ripple.
Re:Blockchain startup R3 sues competitor Ripple
by runeks on Sunday September 10, 2017 @02:07PM
(#15213413)
That’s a fair point. I’m not sure how much the Ripple/USD market can actually handle. Probably a lot less than a $1bn market sell order. And selling them slowly isn’t really a solution if people know what’s going on, since they will then front-run the large sell, thus eating up buy orders and lowering the price before everything has been sold off.
I have a hunch that finding someone willing to lend $42m, given a court ruling that it can be turned into something worth $1bn, will be quite easy.