Topic: where does ripple's market cap comes from? (Read 1235 times)

thanks for this explanation, i learn about crypto everyday

I don't think supply of a currencies has anything to do with the market cap , the market cap is just how much fiat money has been invested/bought into crypto. Available supply only affects the price.

For example if bitcoin available supply were 31B coins the market cap would still be the same but the price of 1 bitcoin would not.

It makes sense that a cryptocurrencies that's been here longer has a bigger market cap in that ripple has had 5 more years to attract investors

While Ripple has been around since 2004, the implementation that we are discussing, which has an internal cryptocurrency and transactions that are confirmed and applied to a shared ledger via a decentralized cryptographic consensus process, has only been around since December 2012.

If you frequent coin market cap and sort on volume, you will see that it is usually in the top three cryptos by volume.


Ripple uses a globally shared ledger, which is based on a radix-16 Merkle tree. Ripple's ledger is a different type of structure from the blockchain, but they are both secured with cryptography (Think of how both gasoline powered cars and diesel powered cars are both still automobiles, even though the engine designs are different, or how propeller planes and helicoptors are both aircraft, if you want an example with more divergence in technology).

With Ripple, each account has a public address and a private secret, which is used to sign transactions cryptographically. The validators use cryptography to ensure that only properly signed transactions are applied to the ledger. Since cryptographic mechanisms and data structures are at the heart of Ripple, it is a cryptocurrency.


The source is completely open under one of the most permissive licenses around (the ISC license). This applies to the source for everything you need to fork a complete ecosystem (libraries, web client, wallet vault, etc) in addition to the core server, rippled.

The collection of repositories is found at https://github.com/ripple and the core server itself is at https://github.com/ripple/rippled

The Ripple source is open enough that the project has already been forked multiple times (by Stellar and some projects in China).

If you want to learn more about how Ripple works, the best place to start is with the white papers:

https://forum.ripple.com/viewtopic.php?t=4301

Start with the primer and then either move to the Gateway paper or the Consensus paper depending on whether you are more interested in how people interact with the system or the algorithm underpinning consensus.

The market cap is not bigger because it was started in 2004 (whatever that means). Bitcoin's supply of coins is currently ~14M coins. Ripple's supply is ~31B coins. That's a 'B' for billion. Ripple could be worth a grain of sand it would still have one of the bigger market caps.

Every ripple thread here is hilarious. 

A guess of those released 32billion XRP's:

9 Billion to Jed (Probably has 6 Billion left) locked up
7 Billion to Chris' foundation going to the underbanked
3 Billion to Arthur locked up
13 Billion to banks, businesses, employees and buyers on the market.

the market cap seems totally arbitrary. It really doesnt seem to be based on anything at all. Or at least nothing that can be soundly represented.

I'm asking that myself since ages. I guess it's just because everyone looks at Coinmarketcap? Else no one would even know about it.
Not sure what CMC's idea is here. I think they should remove it - or else also list Paypal and such. There is no difference.

Didn't know ripple was created in 2004, make sense that the market cap is bigger then but why has this crypto not taken off in 11 years?it enables secure, instant and nearly free global financial transactions of any size with no chargebacks , that's already pretty revolutionnary isn't it? and that's the main reasons average joe will use crypto other than traditional method.
Does it means ripple doesn't even use the blockchain? why is it even called cryptocurrencies ? is it source code open?

thanks

This coin conect banks, have 24/7 trading bots; it is utility, liquidty and high volate, the market is controlled per a corporation

BTW: Total ~100B

Distributed
32000000000 @3577 = 1.14M BTC =~250M USD

Reserved:
68000000000 @3577 = Profit

same as dark/dash, the market cap comes from the insta mine

The same dynasty which financed  the 30 years war, a war which was more destructive per capita than WW1 and WW2.  Many countries in Central Europe saw up to 50% of their population decline and the Fuggers were the one who financed this great bloodletting, that even Hitler would have salivated over.


Also Ripple was the one who created and founded and funded MtGox.  The same MtGox which stole Bitcoins and sent this industry crashing.  Why are venture capitalists, with that track record, buying Ripple which is pure concentrated evil?

All market caps are calculated the same way, Ripple just has a huge supply so the total cap is high. Same happens with Dogecoin.

Is Ryan Fugger a family member of the Fugger dynasty  The richest family that have ever lived. The name is very rare...This is really interesting.

http://en.wikipedia.org/wiki/Ripple_%28payment_protocol%29

Ripple, IMO, was always intended to be a scam to rob venture capitalists.  Once you dry up the money from the first bunch, you move onto the rest showing "code" you wrote back in 2005.  Maidsafe is the same too.  What's the valuation for 10 year old junk code?  You can almost imagine Kevin O'leary laughing you out of the room.

 This thing is many years older than Bitcoin and has nothing to show for it, not even 1/10th the userbase, and yet how are Ripple employees pulling in huge salaries and have nice office complexes?  They're living off the money that venture capitalists are giving them.  This comes back to what an earlier poster said about greed:  greed makes investors make bad investments.  

You are joking if you ever think something old as dirt is going to replace Bitcoin.  

Hope and greed. That's the reason why 99% of all crypto coins have a too high market cap depending on their actual inner value.

They are a business, never forget that.  Use ripple for profit only.

Depends on the website you are using.  On CMC, some months ago they included the Ripple held by employees as "available" and this caused a surge in the listed capitalization and people mistook this for a legit boom in capitalization and thus piled the money on.

However the Ripple, owned by their employees, is not really available as they've all signed lockup agreements and contracts which explicitly state they cannot sell their Ripple and as far as I know this will last for an indefinite amount of time.

The best estimations for what is really available (as in can be traded tomorrow) is really under 2% and thus Ripple's real capitalization is more comparable to Dash and Bitshares.

I have to point out that this same manipulation is also true for Stellar, where their real available supply is a lot smaller than the one displayed on CMC.

its as fake as anything, literally a fairy number representing centralization at its best
By the press of a button the marketcap increased by $ 100 000 000 on 26 th of August from $40,373,290,506 to $140,373,290,506 with no volume, pure magic
jeb holds 10 billion and is hostile to the coin, the dev holds billions and banks are given millions when they did announce to use it but part of the deal is that they are not allowed to sell for x amount of time. It results that 35bil is the true available supply and people squabble only over a few millions.
it is nuclear waste

btw its not Ripples it is XRP's, ripple is the company issuing the xrp coin

It's designed as a vector to transfer between different cryptocurrencies and fiat currencies.

Was wondering how comes this altcoin has such a big marketcap compared to other alt, who invested in it and why are people interested to it?

If i understand correctly litecoin was the first altcoin so it make sense that its market cap is superior to other crypto but ripple's market cap is 5 times bigger anyone got an idea?

thanks