TaunSew



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Hero MemberActivity: 756Merit: 506 Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom! November 25, 2014, 02:19:06 PM

Last edit: November 25, 2014, 03:46:56 PM by TaunSew #1

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Source is from the way back machine.



What Ripple did was get Gliss (possible allegation of bribes?) to manipulate the number of available Ripple coins, even though well over 90%+ of Ripple has always been held by the developers.



Since they control so much of Ripple (90%+ in actuality) they can pump and dump all day and manipulate the price too. Source is from the way back machine.What Ripple did was get Gliss (possible allegation of bribes?) to manipulate the number of available Ripple coins, even though well over 90%+ of Ripple has always been held by the developers.Since they control so much of Ripple (90%+ in actuality) they can pump and dump all day and manipulate the price too. There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!

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Mattius459



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NewbieActivity: 17Merit: 0 Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom! November 27, 2014, 07:33:26 PM #12 Hello all. So I put a considerable amount of money into ripple yesterday because I got caught up in the hype. After reading some of these posts that say that it all may be a scam, I wish to get them back to BTC. I have sold my ripple but they are still 'stuck' as BTC in ripple's snapswap. I realize that I'm an idiot, but is there a way that I can get my coins back to my BTC wallet?

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LegendaryActivity: 1596Merit: 1010Democracy is vulnerable to a 51% attack. Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom! November 27, 2014, 07:42:04 PM #15 Quote from: Mattius459 on November 27, 2014, 07:33:26 PM Hello all. So I put a considerable amount of money into ripple yesterday because I got caught up in the hype. After reading some of these posts that say that it all may be a scam, I wish to get them back to BTC. I have sold my ripple but they are still 'stuck' as BTC in ripple's snapswap. I realize that I'm an idiot, but is there a way that I can get my coins back to my BTC wallet?

You have three choices:



1) Follow snapswap's withdrawal process. I've never withdrawn BTC from snapswap, but the usual way is that they give you a destination tag, you make a Ripple payment in BTC to their address with that destination tag and they credit your snapswap account. Then you withdraw to a BTC wallet using their web interface.



2) If you don't like snapswap's withdrawal process, exchange your snapswap BTC inside Ripple for another asset that you can more easily withdraw.



3) Make one or more direct payments to Bitcoin addresses from the Ripple client.



I'm probably one of the biggest Ripple supporters that there is, one of the first people to work on it, one of the designers of the protocol, and employed by Ripple Labs. There is no scam. However, the price of XRP is extremely volatile and behaves entirely unpredictably. I do not ever recommend people buy XRP as any kind of investment. There is always a significant possibility that its value can drop drastically, possibly even to zero, in a very short period of time.



I don't think anybody knows why the price of XRP surged over the past few days. It is almost axiomatic that it can drop just as quickly and nobody really know why. Buying on hype is a particularly bad idea. It is basically mathematically impossible for everyone to buy on the rise and sell before a subsequent decline. It is even possible for Ripple to succeed wildly as a payment system and the value of XRP not go up significantly.



Quote Okay, but as long as I have them converted as BTC into my wallet at ripple, then I should get that exact amount of BTC at some point, correct?

Maybe, maybe not. That's up to the gateway. Ripple can't force anyone to give you BTC if they haven't agreed to do so. I believe snapswap BTC can be sent over the outbound bridge at no fee, meaning you should get the exact amount out if you send to a Bitcoin address from the Ripple client. You have three choices:1) Follow snapswap's withdrawal process. I've never withdrawn BTC from snapswap, but the usual way is that they give you a destination tag, you make a Ripple payment in BTC to their address with that destination tag and they credit your snapswap account. Then you withdraw to a BTC wallet using their web interface.2) If you don't like snapswap's withdrawal process, exchange your snapswap BTC inside Ripple for another asset that you can more easily withdraw.3) Make one or more direct payments to Bitcoin addresses from the Ripple client.I'm probably one of the biggest Ripple supporters that there is, one of the first people to work on it, one of the designers of the protocol, and employed by Ripple Labs. There is no scam. However, the price of XRP is extremely volatile and behaves entirely unpredictably. I do not ever recommend people buy XRP as any kind of investment. There is always a significant possibility that its value can drop drastically, possibly even to zero, in a very short period of time.I don't think anybody knows why the price of XRP surged over the past few days. It is almost axiomatic that it can drop just as quickly and nobody really know why. Buying on hype is a particularly bad idea. It is basically mathematically impossible for everyone to buy on the rise and sell before a subsequent decline. It is even possible for Ripple to succeed wildly as a payment system and the value of XRP not go up significantly.Maybe, maybe not. That's up to the gateway. Ripple can't force anyone to give you BTC if they haven't agreed to do so. I believe snapswap BTC can be sent over the outbound bridge at no fee, meaning you should get the exact amount out if you send to a Bitcoin address from the Ripple client. I am an employee of Ripple. Follow me on Twitter @JoelKatz

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dregos



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NewbieActivity: 22Merit: 0 Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom! November 27, 2014, 08:22:40 PM #17 I am laughing my socks of



If anything.. Coinmarketcap was dragging down Ripple price.. And anyone who uses cmc for a serious coin analysys is nothing more then a rookie.. at best a rookie.... check snapswap and bitstamp for example.. you'll se real activity.. also check



bitcoiners are becoming more and more pathetic.. and I don't get it.. it became a religion for u guys You people are funnyI am laughing my socks ofIf anything.. Coinmarketcap was dragging down Ripple price.. And anyone who uses cmc for a serious coin analysys is nothing more then a rookie.. at best a rookie.... check snapswap and bitstamp for example.. you'll se real activity.. also check http://www.ripplecharts.com/ .. you'll see actual bid/ask rate.bitcoiners are becoming more and more pathetic.. and I don't get it.. it became a religion for u guys

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NewbieActivity: 22Merit: 0 Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom! November 27, 2014, 08:57:50 PM #19 Yes! let people decide.. and if you are to warn of real scams then do some fucking research!!! I am all for warning about scams.. but really, DO SOME RESEARCH!



First of all.. the only "real"(almost real) argument is that RL has premined to much of XRP.. but if you did some background check and compared tha value of their holdings to Satoshi premine in the beginning.. you'd see it's about the same.

Ofcourse we all worry that RippleLabs will do something corrupt with it and screw us all.. But based on their claims, they will. not. So it is left to the individual to deside wether to trust them or not.

Second.. Transaction time is as fast as a click of a refresh button. Third.. this pump that is going on.. is either a pump or something really big happening.. And based on all the read news, I believe there is something big going on. Unfortunatelly Banks can not confirm adoption speculation, because they would rather be the first in front of their competition.



And there is so much more details that are more relevant then these few sentences that I wrote... But in the end.. It's up to the individual soul to decide..



And you fanatics, at least do your research!! Why?? Because if it turn's out not to be true.. Then when real scam comes our way.. no one will believe you anymore.