Post
Topic
Board Beginners & Help
Re: Just got some Xmas money, looking to invest in Crypto, what's hot right now?
by
guybrushthreepwood
on 26/12/2013, 09:39:15 UTC
What makes you interested in Mastercoin and Ripple? They're apparently both scamcoins.

I agree with you on MasterCoin.

But I beg to differ on Ripple. Current USD gateway cap is $2,630,696.87 -- $2.2 million of which is held as Bitstamp USD. That's "gateway capitalization" - literally dollar funds held in the form of bitstamp USD on Ripple. It is NOT "market cap" - where you take the price of coin and multiply it by the total float, to get some outrageous number for a 2-day-old alt-scam-coin claiming the total market is worth a hundred million dollars. Just to be clear - "gateway cap" is NOT "market cap".

There seems to be a lot of info on what a scam Ripple is:

http://ripplescam.org/
http://bitcoin.stackexchange.com/questions/11172/is-ripple-a-scam