Let me clarify: with “new” XRP I refer to the supply of XRP which is currently not in circulation. That’s about 60 % of the total supply. Who gets the money when that hits the market?
Conversation
Ripple, the company. It’s their XRP after all
1
2
Incorrect. Ripple is an owner of XRP. Not a central authority on the decentralised open source ledger. Ownership, albeit a large qty, does not denote authority (ala Satoshi)
GIF
1
3
XRP doesn’t have an issuer.
1
5
XRP was created before the company was formed. Ripple didn’t create XRP.
3
1
It's not true that XRP was created before OpenCoin was formed. This is the announcement of the creation, which is months after the company's formation: forum.ripple.com/viewtopic.php?
1
6
The Founders Agreement was dated before that.
2
3
Yes, however the current ledger did not exist until 3 months after that agreement was signed. The ledger referred to in that agreement was abandoned. Arthur anticipated something like that might happen, which is why he demanded a piece of future ledgers too.
David Schwartz saying it point blank:
Quote Tweet
Of course. That's the role Ripple has chosen for itself -- positioning XRP as a settlement asset to go with its payment system. Ripple didn't create XRP -- Jed, Arthur, and I did.
2
3
Quote Tweet
Ripple didn't originally distribute XRP. Jed, Chris, and Arthur did.
1
Show replies
What are we discussing? The date of credit creation or the date of ledger creation? They can be (and are) different dates