Ripple cofounder is now of of the world's richest people

http://markets.businessinsider.com/news/stocks/ripple-xrp-co-founder-chris-larsen-worth-37-billion-2018-1-1012408621

39 18 9 years ago

markets.businessinsider.com

noncoml• 9 years ago

I print 1,000,000,000 paper ponzars in my basement. I manage to convince a couple brainless folks to buy 10 @ $100 each, and suddenly I am rich!

dang2• 9 years ago

Please don't post unsubstantive comments here.

whamlastxmas• 9 years ago

He has a point, he was just snarky about making it.

fjsolwmv• 9 years ago

Unfortunately, unsubstantive article with clickbait headlines attract unsubstantive comments.

The canonical reply to stories like this is Basecamp's $100B valuation https ://hn.algolia.com/?query=basecamp+valuation

icpmacdo• 9 years ago

Do you think he could easily liquidated a few billion or would it crash the market?

justboxing2• 9 years ago

Don't think a billion $ liquidation would crash the market. It's already been done twice in the last few days, most recently, just this morning.

Source: "1 billion transaction payment just took place! #xrp #Ripple - something BIG is bowling behind scenes!" https://twitter.com/kOsOvA_CryptO/status/948145757944729601

1 BILLION XRP Payment = about 2 BILLION USD $ Link to actual transaction is on Ripple.com

Here's another 700 MILLION XRP sale. https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m...

ErikAugust2• 9 years ago

Moving a billion XRP from one wallet to another is not liquidating to $USD.

mrlinx• 9 years ago

It’s the monthly 1B to the devs, that will happen for 54months.

vadimberman• 9 years ago

Not sure about crashing the market, but cashing it out would definitely be a monumental challenge.

JohnnyConatus• 9 years ago

I'm not an expert but has anyone made a solid argument for why the banks would use XRP as the medium of exchange versus the existing fiat reserve currency (USD) or a general use crypto currency (BTC/ETH/BCH/whatever wins)?

In contrast, I've seen multiple articles like the below which basically say 1) Ripple good, 2) XRP unnecessary. Based on nothing more than one person suddenly becoming one of the world's richest people with next to no market penetration, the hype vapors seem strong.

(I know there are proof of concepts being run but a PoC is no guarantee an implementation. Otherwise all fortune 500 employees would be wearing Google Glass while they ride their Segways.)

[https://www.forbes.com/sites/ksamani/2017/12/20/the-bear-cas...

thisisit• 9 years ago

What are the chances that Ripple just got it's place in internet infamy along with pets.com?

As for the accompanying piece:

https://qz.com/1169000/ripple-was-the-best-performing-crypto...

Here's what I found in a short time:

Ripple - cryptocurrency. Released 2012.

NEM - Smart contracts platform. Announced 2014.

Ardor - Blockchain as service. Annonced 2016

Stellar - "completely decentralized consensus platform". Announced 2016

Dash - Cryptocurrency. Started out as Darkcoin in 2014.

Ethereum - Cryptocurrency and smart contract platform. Relased 2016.

Golem - "The Golem Network is an accessible-to-everyone, distributed, supercomputer that reduces costs (sometimes by over 10x) of scientific research, big data analysis, graphics rendering, machine learning, AI… just about anything that requires heavy computational power. " Announced 2016

Binance Coin - Did not find much info.

Litecoin - Cryptocurrency. Released 2011

OmiseGo - Wallet app. Released 2017

justboxing2• 9 years ago

Jed McCaleb co-founded Ripple, was forced out and then created Stellar.

Ripple cofounder is now of of the world's richest people

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