Quote from: Spekulatius on February 22, 2013, 11:53:48 PM

Quote from: molecular on February 22, 2013, 10:26:34 PM

Quote from: ribuck on February 22, 2013, 09:41:43 PM

A very optimistic exchange rate could be estimated by assuming parity between the "market capitalization" of BTC and XRP. If 21 million BTC have a market cap of $600 million as at present, then 100 billion XRP might have a similar market cap. This would value each XRP at $0.006.

This has probably been answered many times over, but doesn't this make the developers (or whoever has the power to issue XRP) incredibly rich and powerful?

With ONLY 20% of all Ripples in existence!??

Let me get a calculator...

yes

20E9 * 0.006 = 120 million $

also: coinbase (?) is holding the other 80%. They are giving out chunks of 50,000 to anyone that wants some. Let's say 10,000 people are getting 50,000 each. Thats 500 million. That's still only 0.5% of all ripples, so coinbase is still holding 79.5% after the giveaway.

If ripples are indeed going to be valued at $0.006 that's quite a wealth-grab: 120 million $ for the devs, 477 million $ for coinbase.

I doubt they will be value $0.006, though. The 50,000 giveaway would be $600 for each person.

EDIT: such value would require ripple to be at least as successful as bitcoin. Comparison: taken satoshi has 1 million BTC (5% of all coins), he's now "got" 1E6 = 28 million $.