Ah, another scam like Ripple, http://ripple.com
Ripple generated 10 billion coins, and started giving away millions to generate buzz and use, they've yet to even give away 10% though, and the idea is to create enough value that they can eventually dump all their "genesis" currency and reap the rewards.
Mastercoin's done the same thing with no real benefits over Bitcoin itself. Seriously getting tired of these fiat fiascos. I guess creating derivative cryptocurrencies is the new version of the classic pyramid scheme.
Some people call Bitcoin a pyramid scheme because of the speculative bubble, fair enough. But these currencies, Ripple and Mastercoin, are true pyramid schemes. Founders plan to get mega-rich based on the illicit adoption of their scamware.
Ah, another scam like Ripple, http://ripple.com Ripple generated 10 billion coins, and started giving away millions to generate buzz and use, they've yet to even give away 10% though, and the idea is to create enough value that they can eventually dump all their "genesis" currency and reap the rewards.
Mastercoin's done the same thing with no real benefits over Bitcoin itself. Seriously getting tired of these fiat fiascos. I guess creating derivative cryptocurrencies is the new version of the classic pyramid scheme.
Some people call Bitcoin a pyramid scheme because of the speculative bubble, fair enough. But these currencies, Ripple and Mastercoin, are true pyramid schemes. Founders plan to get mega-rich based on the illicit adoption of their scamware.