Which is consistent, because there is much more than 1 million of btc in the world.
Not that much more, overnight these people have created a currency that is worth 10% of all Bitcoins.
In a blink of an eye they are now worth about $160,000,000.
If the system was open and working then fair enough, but look at it! At the moment there is no client, how do I get my XRP onto a local wallet? The entire system is still centralized to the one company and one server.
They have been down a few times and I could not log in or use the currency.
They really need to start letting this thing become decentralized. Its in their best interest as all the founders have printed over a hundred million dollars, and I'm sure this rate will rise. If there was a open network and open client I would understand, but at the moment all I see is a closed source web service that lets people exchange Bitcoin for their premined currency of which they hold a hundred billion of.
Good marketing though.
