Sorry people but this is a scam. Here's how it works. In Ripple absolutely anyone can create trust and make up a currency, ie I can lend you 1trillion goats or whatever. The problem is the address than creates the trust with a random name can make as many as he wants anytime they want.
So ok maybe hes a nice guy and not gonna do this but all he has to do is watch everyone buy 'real' assets probably XRP and when he wants to clean out he just makes as many of his coin and buys up every XRP that people have on the market.
Don't fall for it, these threads should be locked...
What about if he deletes the account that created the gox? look up LOL coin he said there was a way that stopped people producing as much of this kind of currency. I think something like ...create 750k move it to a new account, delete old account that created the initial miniting.
Groan, that was a scam too....There is no way to delete the account...I have about a million BIG coins people I know how this goes. Please research and save your effort.
Everyone when I say scam, I'm not saying you wont get coins. I'm saying with a click of a button anyone can create trust for any made up currency. The problem is if you trade them for XRP then the guy can come in and buy up everything. Effectively making them worthless.
