Topic: Does OpenCoin have the 100 billions XRP? (Read 500 times)
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Does OpenCoin have the 100 billions XRP?
No, because I have a few of them. 
It's because there are almost 100 billion XRPs that I doubt each XRP will ever have a value much higher than the present one. Some of those have been already given away to bitcoin users, but that's only a very small part. It's curious that having them promised to give away billions of XRPs they have already limited several times the amount they give out to each bitcoin user. I wonder what will be the next step to give out XRPs. Or are they having second thoughts and deciding to keep all the rest to themselves?
I read on the Ripple wiki that there is 100 billion XRP, and that's all there's going to be. Does OpenCoin possess all those XRPs? I see that ripples are exchanged at 50 000 XRP/BTC in this forum. The value of all the XRP would then be 2 million BTC or approx $260 million. (today's rate)
So if the Ripple catch up popularity, those XRPs will be worth a lot. Is that the business idea of OpenCoin? (I do not understand Ripple fully, so if I got it wrong somehow, please enlighten me)
So if the Ripple catch up popularity, those XRPs will be worth a lot. Is that the business idea of OpenCoin? (I do not understand Ripple fully, so if I got it wrong somehow, please enlighten me)
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