Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom!

[TaunSew]

https://archive.org/web/

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.

[griffinriz]

Increase available Supply and get 2nd Place on coinmarketcap.

[muddafudda]

The funny thing is the public perception is people care about Ripple when really no one gives a shit.

[Snail2]

Also their market seems to be under total control due to the initial distribution. They can cap the price or pump it at will.

The initial distribution got a bit more balanced (roughly 50% users 50% owners) however that still means a lot of control.

[EvilDave]

Not really sure that Gliss is co-operating with the Ripple crew.......I've hassled some Rippleheads about this and they claim that the sudden appearance of masses of new XRP on the market is totally legit and has something to do with locked-up XRP being released for projects.
I think.......I was LOLing a lot at the time. They also claimed that Ripples habit of suddenly increasing the market cap has absolutely nothing to do with, for example, the chance that BitsharesX would take the #2 spot.

Talking of Bitshares....anyone notice how someone found an extra 500 million BTSX recently? 

[benthach]

https://archive.org/web/

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.

ripple = 100% premined = scam

[balu2]

Increase available Supply and get 2nd Place on coinmarketcap.

it does not even make sense.

There is now more ripple (where did they suddenly come from?) and that's why it has higher marketcap? Excuse me?

[TheMage]

Increase available Supply and get 2nd Place on coinmarketcap.

it does not even make sense.

There is now more ripple (where did they suddenly come from?) and that's why it has higher marketcap? Excuse me?

Because the tokens they they released were given away, instead of being traded on a traditional exchange. Coinmarketcap includes those in circulation, meaning if a block of tokens were released coinmarketcap includes them in its calculations.


And because they were not traded on a traditional exchange, this means that price is not affected as any other coin would be. And since the marketcap looks huge, this is making people think its worth more than it should be an buying ripple tokens.

The last two times they made very large distributions were on 8/26/2014 and 11/23/2014 (two days ago as of this post). You can see the market manipulation here.

[brekyrself]

Talking of Bitshares....anyone notice how someone found an extra 500 million BTSX recently? 

They had a well documented merger of Protoshares PTS, AGS, and Bitshares, hence the increase in supply.

See:

http://bitshares.org/bitshares-reloaded/

[Sukrim]

https://archive.org/web/

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.

As you tend to delete your posts, here's the answer to another, similar post by you that I wrote yesterday:

Ripple capitalization is just heavily manipulated because they have Gliss on coinmarketcap fiddling with the numbers to make it look bigger than it really is.  Remember when Gliss used to accurately report the number of available Ripple Coins?  What made him changed his mind?  Did he receive a Ferrari as a birthday gift?  Possibly..

https://web.archive.org/web/20140611024200/http://coinmarketcap.com/
(8 billion Ripple coins back then compared to 30 billion Ripple coins now)

2 months before that:
http://web.archive.org/web/20140405192501/http://coinmarketcap.com/
~100 billion XRP (just like now, see http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/), compared to ~30 billion XRP not at RippleLabs.

Because of that ("OMG Ripple = evil, so many coins + premine!") Gliss implemented a check for distribution values which scrapes web sites. Ripple Labs first put on their page (https://www.ripplelabs.com/xrp-distribution/) that they owned 80 billion XRP and handed out ~8 billion of these (June: http://web.archive.org/web/20140625224750/https://www.ripplelabs.com/xrp-distribution/), this is what Gliss put on his page. Some time later RippleLabs put on their page that they owned 80 billion XRP of all 100 billion XRP, handed out ~9 billion and don't own ~29 billion of all the XRP (October: http://web.archive.org/web/20141007095332/https://www.ripplelabs.com/xrp-distribution/) - hence the spike in "market cap of coins in circulation".

The jumps in distribution (e.g. on November 23rd.) come because Ripple Labs does not update their page live but only from time to time. There are and will be for the forseeable future ~100 billion XRP out there. What is displayed on coinmarketcap is just Gliss' interpretation of the truth, if you disagree - feel free to open your own page that does it differently (actually that's how http://cryptmarketcap.com/ was initially founded).

[Mattius459]

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?

[ParabellumLite]

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?

Oh god, we have a panic seller here. What were you thinking if your timeframe is like 1 day?

[Mattius459]

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?

Like i said you don't really own BTC, you only own a IOU means a certificate which says you own it. It will take time for them to get your BTC but you will get it. Question is on which price.

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?

[JoelKatz]

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.

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.

[Mattius459]

Thank you for your thoughtful response.

[dregos]

You people are funny 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 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

[dregos]

So what! WTF.. why is that your problem even? If you don't have any XRP then don't bitch about it.. and Ripple is far from just BTC Clone.. do some research gdm.. It's like listening to KKK folowers or fucking nazis

[dregos]

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.

[Spoetnik]

yep told you.

How to fix ? Stop using http://coinmarketcap.com

coinmarketcap.com is known to manipulate the marketcap and volume of different coins. Maybe just for fun for example with "Dogecoin".
But other coins like Auroracoin done it just by exploiting how coinmarketcap.com is reading the incoming data.

AGREED

i said this a year ago.. look at my comments way back at Gliss etc.
I had to ride them repeatedly to get them to admit shit after a notorious scammy incident that pretty much proved he was in on a scam way back.
and they all denied every bit of it attacked the shit out of my calling me names and insulting me.. calling me a Troll and FUD'er etc etc etc
then guess what happened ?

the usual..

they all later agreed with me and kissed ass LOL

and now you all see an asterisk in that picture.. thanks to ME !
i am the guy who got them to start adding that.
which they would not have done had i not badgered them about it in the first place.

and it's funny what i exposed that shit site of doing is exactly what the OP here suggested.. a year ago with AUR !
severe manipulation.. planned and executed and it worked too.. AUR went up to around $15 a coin
so i bet they are just doing it again  

and yup as usual i have the ability to post proof of every single statement i made if needed
as ALWAYS
Don't make allegations unless you can back them up..

Coinmarketcap the site, is scammy and i refuse to go there ever again as of 1 whole year ago.

PS:
The asterisk = Scam coin as far as i am concerned (i never seen one i thought was legit with an asterisk)

[junglist.massive]

I don't understand why there's so much hate on ripple