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I've never heard of ripple before the GP's post, any particular reason why you consider it a scam? After all, many people consider bitcoin to be a scam as well...

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http://ripplescam.org/ has a bunch of arguments for this.

The coin is issued by a central entity who has kept 50% of it. This makes people suspicious. Bitcoin has no central issuing entity, thus no one person to 'get rich quick' in some scam type operation.

Instead it has a few early adopters with massive stakes, and a roughly 90% hoarding rate from the last analysis I saw.

Yeah, the early adopters got rich. I think that's fair because they invested in something that was really uncertain at that point. You could even argue that if you buy bitcoins now you're still an early adopter.

Bitcoin itself is less of a pyramid scheme than gold. This is because even when the price stops to rise (or even when it collapses) you can use it to easily transfer value across the world.

I don't think there was really much risk there, and the generation seems to me to have been far too stacked at the front end. Just IMHO of course.

I won't, ever, be buying bitcoins for this and other reasons.

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