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

• ChuckMcM 9y ago
  Exactly this. During the dot.com boom and bust when a dot.com wonder bought company X for $YM but it was an all stock transaction and later the stock when converted to $USD was done for about $Y. When someone converts a billion in Ripple into $2B in cash in a reserve account at UBS or something, then you can be impressed.
  • ErikAugust 9y ago
    I think that any transfer of Ripple in large amounts would be settled off-exchange for fractions of the trading price. Ripple also has raised $93 million according to CrunchBase: https://www.crunchbase.com/organization/ripple-labs https://www.crunchbase.com/organization/ripple-labs One random speculation I have - if you approach miners with large pallets of US dollars you can purchase BTC directly for a steep discount on the trading rates on exchanges.
    • andirk 9y ago
      Do miners necessarily have the most coins to sell? 12 BTC every ten minutes isn't a lot compared to the 16 million minuted coins out there
    • nikanj 9y ago
      Why the heck would the lose valuable equity by raising money, when their founder is worth billions?