How many XRP are not hold by OC ?

How many XRP are not hold by OC ?

Postby InsightfulTrader » Wed Aug 28, 2013 12:28 am

How many XRP has been released/giveaways/sold .... ?
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Re: How many XRP are not hold by OC ?

Postby JoelKatz » Wed Aug 28, 2013 1:48 am

I would estimate 1.5 billion XRP are "in circulation", that is, not held by OpenCoin or the Ripple founders. This is just an estimate based on publicly-available information.
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Re: How many XRP are not hold by OC ?

Postby InsightfulTrader » Wed Aug 28, 2013 2:01 am

JoelKatz wrote:I would estimate 1.5 billion XRP are "in circulation", that is, not held by OpenCoin or the Ripple founders. This is just an estimate based on publicly-available information.


why this can be only estimated ? is there non-publicy-available information ?
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Re: How many XRP are not hold by OC ?

Postby JoelKatz » Wed Aug 28, 2013 2:32 am

InsightfulTrader wrote:why this can be only estimated ? is there non-publicy-available information ?
Exactly which accounts OpenCoin controls and what it uses them for has not been made public, however, it is not particularly difficult to figure out.
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Re: How many XRP are not hold by OC ?

Postby dahongfei » Wed Aug 28, 2013 3:16 am

JoelKatz wrote:I would estimate 1.5 billion XRP are "in circulation", that is, not held by OpenCoin or the Ripple founders. This is just an estimate based on publicly-available information.


Thanks for sharing the number. Many said it is 3 billion, but obviously your number would be more credible.
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Re: How many XRP are not hold by OC ?

Postby Jon » Wed Aug 28, 2013 7:12 pm

dahongfei wrote:
JoelKatz wrote:I would estimate 1.5 billion XRP are "in circulation", that is, not held by OpenCoin or the Ripple founders. This is just an estimate based on publicly-available information.


Thanks for sharing the number. Many said it is 3 billion, but obviously your number would be more credible.


He still said it was an estimate. I'd recommend comprehensive research before accepting any estimate.
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Re: How many XRP are not hold by OC ?

Postby mikem1234 » Fri Aug 30, 2013 4:59 pm

Does it mean that OC not only doesn't have any schedule of releasing XRP but doesn't even care to take a note of how much has been released? That would be an amazing revelation.
More likely though OC is just not very eager to share anything.
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Re: How many XRP are not hold by OC ?

Postby yvv » Fri Aug 30, 2013 5:41 pm

mikem1234 wrote:Does it mean that OC not only doesn't have any schedule of releasing XRP but doesn't even care to take a note of how much has been released? That would be an amazing revelation.


Everything is recorded in the ledger. Yours, Captain Obvious.

More likely though OC is just not very eager to share anything.


What makes you think that OC should make public information about their accounts?
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Re: How many XRP are not hold by OC ?

Postby ahbritto » Fri Aug 30, 2013 5:50 pm

OpenCoin would like to be more transparent. However, we've been real busy.

I'd hope, sometime in the near future, that there would be some sort of distribution report provided on our site.
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Re: How many XRP are not hold by OC ?

Postby mikem1234 » Fri Aug 30, 2013 5:57 pm

yvv wrote:
mikem1234 wrote:Does it mean that OC not only doesn't have any schedule of releasing XRP but doesn't even care to take a note of how much has been released? That would be an amazing revelation.


Everything is recorded in the ledger. Yours, Captain Obvious.


Except who owns which particular address.

yvv wrote:
mikem1234 wrote:More likely though OC is just not very eager to share anything.


What makes you think that OC should make public information about their accounts?


Nothing makes me think that and I didn't say that they should.
This said I can definitely state that it would have added a bit of transparency to the current state of affairs which remains a bit murky, especially after this 200M revelation.
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