On Fri, Dec 29, 2017 at 8:21 AM, Georgi Guninski <guninski@guninski.com> wrote:
What should investors know before investing in XRP?
https://wikipedia.org/wiki/Ripple_(company) https://wikipedia.org/wiki/Ripple_(payment_protocol) $100M Bank funded, massively Corporate and Government partnered, inflationary, non-p2p centralized gateways, trackable, censorable, selling their own premine / printing, digital fiat / fiat transport, etc. Some people are saying those things, users should research.
Market Cap = current quantity * current price, not necessarily what amount of work / value was actually historically exchanged into it. Given a fixed 2M unit 100% preprinted coin stored and readied for sale in a warehouse, 1M units bought on day one for 1 cow total, then the other 1M units bought 10 years later for 1 cow each, does not make 2M cows worth, it makes 1M cows + 1 cow. Try one possibly better approximation for BTC, what do you get? mkt cap = sum(each block of coins mined * its historical price)