Post
Topic
Board Altcoin Discussion
Re: Why has Ripple decreased so much in Market cap? Used to be second to Bitcoin
by
tokeweed
on 20/04/2014, 01:13:10 UTC
they changed their default marketcap calculation to "market cap by available supply" recently.

This is the boring and simple answer.

Ripple is what it is, maybe it will work though I don't really see how.

what they said about bitcoin in 2011 (warning:  they are completely hilarious!):

bjornb:  "They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses."

party:  "i wonder if these people all share the same mental illness, or if it's more of a general hodgepodge of stupid."

Gullanian:  "Yeah the problem with this currency is it's pretty much untested and extremely volatile, and a better one might come along, or a security flaw might be discovered which will render the currency worthless in seconds."

Scottyy:  "Who is funding bitcoin? You can not make money out of thin air. What does Paypal do with the bitcoins people exchange for cash?"

source:  http://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/