I didn't say it was a scam. I don't believe that at all. What I said was there is no way, in my mind, they can come out of beta and go open source with 49 billion worth of XRP to still giveaway. That's just nuts. That makes no sense. So to me, that means they have to get them released prior and thus that amount of XRP in the market is going to take some time to come back to even the levels we have today. Just a month or two ago XRP's hit 150k / 1btc. Why is it so hard to believe that that wont happen again? What other result could happen as a result of releasing 49 billion XRP, knowing that there are only 1 billion in circulation now?
They will open the code and keep distributing the ripple slowly. that's not hard to understand.
Again, that's the gamble and pure speculation. I disagree and that's ok.
The next giveaway coming up in a couple weeks is expected to reach ~10,000 people. They could giveaway 100,000 to each one and that's still only 1 billion. That in itself would be a slow release compared with what's left to give. Not saying they will as no one knows what they will do...but from a calculated risk perspective, knowing that's possible, i know paying 1 BTC /10,000 XRP is crazy. But again, that's me.
Of course there is speculation. But it's not there interest to make the price brutally drop. Early adopter would be disapointed and interest for rippple could die.
By the way how do you know it's around 10 000 people and not 50 000 ? did you read that somewhere ?
That was estimated based on the amount of newsletter subscriptions on the Ripple homepage created before May 9th.. Which is how the next giveaway is being determined. That's all I know.
I know but how to you know the estimated newsletter ?
They were talking about it in the ripple forum somewhere, that's why I said take it with a grain of salt. The Ripple ledger says there are less than 9000 ripple accounts, although that doesn't necessarily reflect the number of newsletter subscribers. But it's a fair indicator I'd say.
