I think R3 will start selling the Ripples won, after which the price of XRP will drop very low.
If this happens, we can buy Ripple at very competitive prices. In my opinion, in any case, Ripple will grow strongly in the future.
Topic: XRP - Ripple Currently being sued for 1 BILLION? (Read 2006 times)
Ripple Clears The FUD Whether It’s “Centralized Or Decentralized”
Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
Can you imagine what will happen to the price if they will increase 1 Billion supply every month and come to think who is going to buy and dump those coin in case it would pumped up.Not to mention who will get rich and who will get broke if that coin will get dumped. Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
Ripple Clears The FUD Whether It’s “Centralized Or Decentralized”
Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
This is really an old thread and news why bump this thread. I believed whatever that happened between Ripple and R3 has been resolved. Moreover on the issue of Ripple been a decentralized or a centralized coin. This hasn't been cleared yet because a lot of people still believe that Ripple is a centralized coin. In any way, Ripple is still a good coin whether centralized or decentralized it depends on choose. Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
Not sure why this would affect price at all. It's not like R3 would sell every token instantly.
Ripple regularly releases a billion coins into circulation. Just since the beginning of last September they released over 3 billion more coins. These US legal cases take years sometimes, so likely 10 billion or more will be released before the case is decided. Another 10 billion during the appeal.
If R3 wins the profit is just split between Ripple and R3. No difference. Remember Ripple has billions and billions more of these centralized tokens they plan on releasing anyhow.
Ripple regularly releases a billion coins into circulation. Just since the beginning of last September they released over 3 billion more coins. These US legal cases take years sometimes, so likely 10 billion or more will be released before the case is decided. Another 10 billion during the appeal.
If R3 wins the profit is just split between Ripple and R3. No difference. Remember Ripple has billions and billions more of these centralized tokens they plan on releasing anyhow.
So, unlike other coins, Ripple is not limited to supply? Can they produce coins as they want more and more? IN that case, the value should be 0. Otherwise, the creator of the coin is the real gainer, not us.
i've overevaluate RIPPLE. but after this news, i know i was wrong. in this market, prestige the most important
Ripple Clears The FUD Whether It’s “Centralized Or Decentralized”
Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
Hey check this news : https://coingape.com/ripple-clears-about-centralized-or-decentralized/
XRP is bankers shit.. we can profit from it (very short trades)
I wouldn't be surprised if more informations like this were to come out.
you're an idiot, and the lawsuit was thrown out because R3 didn't meet its obligations
https://twitter.com/bgarlinghouse/status/918876945806327808
I see they've won somehow. Good for them. I have earned quite a lot trading in XRP so the least I can do is cheer them on. I don't own any anymore though but might get back some time.
-11% over a day session when the rest are rising or staying at the same level. Not so good...
Could be some big XRP price drops coming up. As always, buy the dips! 
Ripplpe is the crypto of the banks, the enemy, I hope it goes to $0, or even negative would be better
ripple trash. is centralize digital currency, not cryptocurrency.
Agreed.. they started this 100% premined shit coin routine that plagues crypto today.
They chose to push the banks bullshit then handled their coin like shit too.
Manipulating fraudsters the lot of them.
What are the chances that the lawsuit results in anything substantial?
I wonder the value of it next month.
I sold my ripples (for profit of course). Too much shady things going around with this one.
I don't understand that why we people are buying this centralized currency which is being backed by banks. There sole purpose of creating bitcoin was to move away from these powers and create a peaceful place for all of us to live together without all these wars.
Simple answer, if you can't beat them, join them! enough said I don't understand that why we people are buying this centralized currency which is being backed by banks. There sole purpose of creating bitcoin was to move away from these powers and create a peaceful place for all of us to live together without all these wars.
Whether is centralized or not is NOT the only reason. We will see many centralized crypto coins in the future. For example Russia is planning to issue its own cryptocurrency soon. So it's just transforming from paper money to digital money. 
I don't understand that why we people are buying this centralized currency which is being backed by banks. There sole purpose of creating bitcoin was to move away from these powers and create a peaceful place for all of us to live together without all these wars.
wow I sold my XRP in time
I wouldn't be surprised if more informations like this were to come out.
you're an idiot, and the lawsuit was thrown out because R3 didn't meet its obligations
https://twitter.com/bgarlinghouse/status/918876945806327808
Glad to read the tweet you shared! I also found this article with more information on the case: http://fortune.com/2017/10/13/blockchain-ripple-r3/ The case might not be over yet, but as they say it is a significant victory for Ripple.
In the meantime I will continue holding my Ripple hoping it increases. It was a small investment so I am not going to sell everything desperately.
If this was true then good thing I sold all my ripple coins a couple months ago, and I already did profit from it too. Never seen new updates of ripple these past few months too so i thought of getting rid of this coin than be on loss in trading.
I don't know how recent this news is! I have search and google to see at least a link to a source of which I'm yet to get! Ripple is centralized and many people n crypto community do not like it including myself! We will see how this turn out and if there is a profit to be made, we will take it
I am a believer in XRP and a long holder. It's one of my best Crypto investments. I am predicting $1.5 by 2018
How do you come up with your estimate of $1.5? I own some as well and would love that, I just don't see any catalyst to push it that high that quickly.
I am a believer in XRP and a long holder. It's one of my best Crypto investments. I am predicting $1.5 by 2018
Ripple is a great coin, even when everyone accuses it that is centralized.
They aim quite soon to make it fully decentralized! Investigate before accusing.
It will have great future even if almost everyone hates it.
Ripple does have a purpose whenever someone mentions Bitcoin or Blockchain. They are working with people that will help Bitcoin get secure. They aim quite soon to make it fully decentralized! Investigate before accusing.
It will have great future even if almost everyone hates it.
Ripple is trash, a currency that is not decentralized is the same with fiat, the organization that controls it, can create as much as want, or disappear in a night.
your knowledge is trash, and you should disappear in a night. each node maintains it's own validator list managed by independent third parties. their protocol is also based on consensus and cannot be changed.
I wouldn't be surprised if more informations like this were to come out.
you're an idiot, and the lawsuit was thrown out because R3 didn't meet its obligations
https://twitter.com/bgarlinghouse/status/918876945806327808
Ripple is definitely what I call a shitcoin. Apparently dishonnest team and not even a decentralized coin...
I wouldn't be surprised if more informations like this were to come out.
I wouldn't be surprised if more informations like this were to come out.
Ripple is trash, a currency that is not decentralized is the same with fiat, the organization that controls it, can create as much as want, or disappear in a night.
Ripple is a great coin, even when everyone accuses it that is centralized.
They aim quite soon to make it fully decentralized! Investigate before accusing.
It will have great future even if almost everyone hates it.
They aim quite soon to make it fully decentralized! Investigate before accusing.
It will have great future even if almost everyone hates it.
This story is not new! If you investigate it further you will see that they will not be getting the 1Billion Tokens since they bridge their agreement prior.
It is funny since this kind of post on Bitcointalk appears the day that Ripple price increases, is this a coincidence?
It is funny since this kind of post on Bitcointalk appears the day that Ripple price increases, is this a coincidence?
XRP wasn't a stable coin.. now it has come to an end
I'm glad to have sold all my XRP since I didn't see it doing anything in the future which might justify a substantial price increase. These news only confirm my suspicions.
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
Woah - R3 were entitled to 13% of the whole supply?!
I really really don't understand why anyone invests in Ripple - it's all concentrated, they keep promising real life uses but nobody ever uses Ripple. What is the point?
for the losers speaking on xrp without any clue as to what's actually happening, and why...
(from xrpchat.com, via member "rip")
Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.
Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.
A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”
(from xrpchat.com, via member "rip")
Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.
Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.
A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”
Great insight, that's very interesting. This would mean that R3 probably won't get their 13%, which is positive news for XRP.
Maybe Ripple do not want to give R3 anymore the coins because they know it can worth more than that. Though Ripple is at fault in my opinion, I do not know what will be effect or the impact on the XRP coins. In addition to that, the China issues banning some cryptocurrency.
But many experts are predicting that XRP will be more in coming days, in background team is working very hard in the different parts of the country to provide a good facility for banking sectors throughout the world wide.
That is surely very bad news, that will make ripple's price go down. I guess its their right to get those coins at very cheap price. They made agreements and it needs to be fullfilled. I really dislike Ripple.
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
Woah - R3 were entitled to 13% of the whole supply?!
I really really don't understand why anyone invests in Ripple - it's all concentrated, they keep promising real life uses but nobody ever uses Ripple. What is the point?
for the losers speaking on xrp without any clue as to what's actually happening, and why...
(from xrpchat.com, via member "rip")
Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.
Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.
A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”
(from xrpchat.com, via member "rip")
Ripple tried to cancel the agreement in June in emails from CEO Brad Garlinghouse to Ripple CEO David Rutter, R3, however, rejected the requests. With XRP soaring more than 4000% this year, trading now around $0.20 USD, this makes the options worth roughly $1 billion.
Ripple is asserting that R3 has yet to deliver on its end of the contract in which Ripple would benefit from R3’s banking partnerships, thus exercising the options wouldn’t be authorized.
A Ripple spokesperson wrote, “Our filing is straightforward — R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s 4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement.”
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
Your mathematics is genius
, had a good laugh .13% thrown in the market at once will crash it to 1 satoshi.
Also, how about a nice conspiracy theory? What if behind R3 are also Ripple's creators, and they do it on purpose for nice exit scam? Or what if they intentionally broke the contracts conditions in order to exit with millions/billions?
Thank you for your useful contribution to this conversation
Not sure why this would affect price at all. It's not like R3 would sell every token instantly.
Ripple regularly releases a billion coins into circulation. Just since the beginning of last September they released over 3 billion more coins. These US legal cases take years sometimes, so likely 10 billion or more will be released before the case is decided. Another 10 billion during the appeal.
If R3 wins the profit is just split between Ripple and R3. No difference. Remember Ripple has billions and billions more of these centralized tokens they plan on releasing anyhow.
Ripple regularly releases a billion coins into circulation. Just since the beginning of last September they released over 3 billion more coins. These US legal cases take years sometimes, so likely 10 billion or more will be released before the case is decided. Another 10 billion during the appeal.
If R3 wins the profit is just split between Ripple and R3. No difference. Remember Ripple has billions and billions more of these centralized tokens they plan on releasing anyhow.
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
Your mathematics is genius
, had a good laugh .13% thrown in the market at once will crash it to 1 satoshi.
Also, how about a nice conspiracy theory? What if behind R3 are also Ripple's creators, and they do it on purpose for nice exit scam? Or what if they intentionally broke the contracts conditions in order to exit with millions/billions?
This will surely affect XRP's image if the scandal gets bigger. Imagine if other companies will start questioning Ripple's leadership and its decisions. Also if R3 wins the suit I think they will at least dump a part of the coins or all of them actually because overall this could affect XRP as a whole and its credibility, this will be just the drop to start the hehe ripple effect.
R3 is bankster garbage, a conglomerate of the same weasels as always trying to get into the crypto bandwaggon. Ripple was always a scam, I hope that whoever was holding it for some reason, managed to dump during the nonsense pump we saw a while ago and made some killer BTC gains, otherwise you are screwed for the time being and holding a bag of useless coins.
BTC is already recovering after being banned by china for the 1000th time.
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
With the volatility of crypto, i wouldn't be so sure of that.
Whenever there's extremely bad news coming from a coin, it tanks like crazy. Math rarely correlates well with the reality, which is, if they win the lawsuit, a devaluation of over 13%.
That seems pretty concerning to me, if i would still be holding ripple, and, if i wouldn't have to, wouldn't take it either.
Ripple is currently being sued by R3, which is the creator of "Corda", because their contract has been wrongfully terminated.
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
It's really simple:
5bil (owned to R3) / 38.34bil (total supply) = 13%
So in worst case, we can expect 13% price fall, or 0% if lawsuit fails.
If we assume chance of lawsuit succeeding is 75%, then we can expected (13% * 0.75 + 0% * 0.25) = 9.75% price fall.
This will surely affect XRP's image if the scandal gets bigger. Imagine if other companies will start questioning Ripple's leadership and its decisions. Also if R3 wins the suit I think they will at least dump a part of the coins or all of them actually because overall this could affect XRP as a whole and its credibility, this will be just the drop to start the hehe ripple effect.
5 billion xrp is a drop in the bucket overall, as long as R3 are not idiots and release all at once to crash the market
I don't think R3 will get all 5 billion xrp either court cases can go on for a long time
I don't think R3 will get all 5 billion xrp either court cases can go on for a long time
Maybe Ripple do not want to give R3 anymore the coins because they know it can worth more than that. Though Ripple is at fault in my opinion, I do not know what will be effect or the impact on the XRP coins. In addition to that, the China issues banning some cryptocurrency.
ripple trash. is centralize digital currency, not cryptocurrency.
Quote
Ripple is currently being sued by R3, because their contract has been wrongfully terminated
"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
Which is calculated,"In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday. "
0.20$ a share x 5 billion = 1Billion$, with a profit of 1B$ - 42.5Million$ (0.0085$ a share x 5 billion) = 957.5 million dollars pure profit.
How is this going to affect XRP's price?
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I?il=0
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