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Selling my XRP


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#1 jed

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Posted 22 May 2014 - 04:18 AM

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
 
Hi Everyone,
I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin.  
I have given away and donated some of my 9 billion XRP to charities such as MIRI, Literacy Bridge, Give Directly, Mission Bit and others. I plan to start selling all of my remaining XRP beginning in two weeks. Because I have immense respect for the community members and want to be transparent, I’m publicly announcing this before I start. So just fyi…. xrp sales incoming.
Thanks,
Jed.
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v0.1.15
 
wsBcBAABCgAGBQJTfXm/AAoJED087Ujnqtv8fIYH/1JYnEkfWkx5gm+KEQk3hMFj
ePdvdDj0lWcaCw4SZIoP46IwincCdOysgaSlc4goUxz4n/sGa1pXUJQVJX8hFo+Y
nISFaEKVdXAUCWfU5TnnZmM4HTGq2KDCVchfyM3pq8BJS8RUIB/rHZ6szNdC69JU
QDWps3ykQNZXB7ct/Ss/Zt94EPYTcTinNuWLV4o2O1pnpui0JfO4fL3zjId3nEmN
AnEnt4HmPC+SRyG1qQJfruHUupMlI5aEVUbqh4yRN0TQv7eHpIXOK8RCOv4jkycJ
t3565HjA8MZ7VoqaClqx/PXlTpnNe1xzZqb/JQOAQEDRXhsk+jh1zRf5ea+sCRk=
=9Ktm
-----END PGP SIGNATURE-----
 
I didn't want people to wonder if this was from me or not so I signed it with my public key which can be found and verified here: keybase.io/jed/key.asc

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#2 JaiChai

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Posted 22 May 2014 - 04:26 AM

Wow! No words...

Regards,

JaiChai
My public wallet address: rnk4gtmRC8VwFiQrxCu68tYKJMwunT5VZzp

#3 lucky331

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Posted 22 May 2014 - 04:27 AM

jed, so sorry to hear that. it looks like you are permanently breaking ties with ripple labs. i, for one, was hoping you would be back in the company taking the helm.

anyway, thanks for being transparent with us and good luck with your new BTC project.

and thanks for everything.

P.S. i hope this isn't a troll, because i would look like a total idiot in front of eveyone. :D


Edited by Hurukan, 22 May 2014 - 06:36 AM.
No troll :(

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#4 jed

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Posted 22 May 2014 - 04:30 AM

Thank you for your support. you guys are great.


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#5 Takio

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Posted 22 May 2014 - 04:34 AM

How can all this be verified? Besides of course that if its true price will totally collapse



#6 JaiChai

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Posted 22 May 2014 - 04:35 AM

Thank you for your support. you guys are great.


Of course. ;-)

Wish I had the skills to contribute to future projects (heavy sigh).

And I guess when the Eagle sh.ts (monthly military pension check) on the 1st, I'll be doing a little more?...

Cheers,

JaiChai
My public wallet address: rnk4gtmRC8VwFiQrxCu68tYKJMwunT5VZzp

#7 soma

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Posted 22 May 2014 - 05:01 AM

This seems to be a fake.



#8 celticwarrior72

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Posted 22 May 2014 - 05:04 AM

Jed,

 

Thank you for letting us know this.  You still created an amazing thing.  Good luck with your next endeavors.

 

Peace.

 

- CW


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#9 lucky331

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Posted 22 May 2014 - 05:10 AM

This seems to be a fake.


you can verify the public key.

#10 kalliope

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Posted 22 May 2014 - 05:19 AM

Well then!



#11 takida

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Posted 22 May 2014 - 05:54 AM

What a way to wake up :(

But at last I managed get my XRP sold. Hard to get them sold via Ripple wallet. Transfered them and sold them to a fair price at Justcoin where people doesn't yet seem to know about Jed selling...

Not funny, but a fine gesture by Jed to tell us first. Thanks Jed!



#12 kanaas

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Posted 22 May 2014 - 05:56 AM

How can all this be verified? Besides of course that if its true price will totally collapse

What's the problem? Won't change the technology. OK one lesser (smaller) option to fund operations for RL But then what? Setting up Ripple for FIs, Fidor being first but for sure not last, will generate more than enough revenues on services. And once Ripple is taking of, those 9B will be just a bit more then a ripple in the ocean... I think it will rather turn out as an extended chance for those who want to invest in the next big thing. That's not a problem. That's an opportunity. And not only for the investment. It will prevent Ripple from the same Bitcoin mistakes and will keep them a lot more focused on development of the technology. Valuation and value storage will follow, with or without this sell off. The only loosing here will be short term XRP-investors (including Jed), not Ripple or RL ...


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#13 9e48rfjffcusahnfwe

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Posted 22 May 2014 - 05:57 AM

you can verify the public key.

Where can I verify this?



#14 akaasa

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Posted 22 May 2014 - 05:59 AM

Cool!! That means the price will go lower  :D

 

1$ = 500 XRP... Who knows?

 

Thanks for letting us know your intentions. And Good luck Jed!


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#15 rafal

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Posted 22 May 2014 - 05:59 AM

When i go here: https://keybase.io/verify and paste his comment I get:  Error: hash mismatch

 

Can any one confirm it is checked and verified?



#16 lucky331

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Posted 22 May 2014 - 06:00 AM

9e,

posted the message and the link of this thread in the official forum where people can verify if the PGP key is indeed Jed's.

#17 celticwarrior72

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Posted 22 May 2014 - 06:03 AM

When i go here: https://keybase.io/verify and paste his comment I get:  Error: hash mismatch

 

Can any one confirm it is checked and verified?

 

I saw that too.  I'm always skeptical until there is concrete proof.


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#18 NibiruIsNear

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Posted 22 May 2014 - 06:05 AM

Which gateway are you selling your XRPs from?

I'm asking because If I try to get it from sites like rippleunion there's a big markup



#19 lucky331

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Posted 22 May 2014 - 06:11 AM

hmmmm... the fact that Jed posted this message here and not at the official forum looks like Jed has a score to settle vs. RL.
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#20 kanaas

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Posted 22 May 2014 - 06:12 AM

Where can I verify this?

https://keybase.io/jed

The poster (doubt it's Jed) is referring to this person. Seems a bit aged  :)

To be honest I can't remember Jed ever using an identity not exposing his own picture.