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https://en.wikipedia.org/wiki/Ripple_(company)#Funding https://en.wikipedia.org/wiki/Ripple_(company)#Funding Are they profitable? How can this kind of thing b
by anf 9y ago
https://en.wikipedia.org/wiki/Ripple_(company)#Funding https://en.wikipedia.org/wiki/Ripple_(company)#Funding
Are they profitable? How can this kind of thing be justified to shareholders?
- giarc 9y agoFurther down in the wiki. I don't know what Ripple Labs is, but perhaps the donation is part of this 80 billion XRP?? >Of the XRP80 billion that Ripple Labs was gifted, Ripple follows a distribution strategy that encompasses payments to business partners such as gateways, market makers and charitable organizations.[24]
- trophycase 9y agoTheir currency is worth billions
- gnicholas 9y agoI wondered the same thing. Perhaps part of the justification is the branding benefit from the positive publicity?
- ericflo 9y agoOne or their problems right now is their foundation owns too much of their own currency, which is a risk to their entire ecosystem. Without looking into the details, donating the money seems like a really great way to build good will while de-risking the ecosystem.
- freeloop10 9y agoRipple placed most of their coins in escrow: https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/ https://ripple.com/insights/ripple-to-place-55-billion-xrp-i... They don't need to derisk their ecosystem.
- the_cat_kittles 9y agoman how can you even give a fuck about that. i cant believe HN sometimes
- Zarath 9y agoBut just think of the shareholders!!!!
- anf 9y agoOr the coin-holders. Folks who invest their money and then get scammed by folks who hide behind donations tend to put their money somewhere else next time. Short term win for some kids can mean a long term loss for everyone. Look past your nose, friend.