Quote from: drawingthesun on April 15, 2013, 03:46:58 PM

Quote from: arthurb on April 15, 2013, 03:26:21 PM

Buying 60,000 XRP for 1 BTC or 30,000 for 0.5 BTC

Before you buy XRP, remember at the price of 60,000 XRP to 1 BTC the value of the premined XRP stands at 1,666,666 Bitcoins.

At this rate the creators of ripple have created over a million Bitcoins worth of value. That puts in perspective how little 60,000 XRP is.

People dealing in XRP should know 100 Billion exist with the vast majority in the hands of a small amount of people.

Which is consistent, because there is much more than 1 million of btc in the world.