It is very important that people don't make this an "us vs them"... I have a lot of respect for Ripple's product and they are a valuable resource.
At the end of the day ranking on coin market cap is just a statistic. The fact that BTSX is in the same league as Ripple when the code is still incredibly buggy and we are patching things on the fly is amazing.
Given the investment and infrastructure behind Ripple I was rather surprised at their small market cap. I feel that this adjustment is a more fair estimation and by the end of the week we may well be ahead of them again.
I have no issues with calling out something that looks shady. Think about it like this:
There are many newbies joining the forums everyday...just trying to learn about crypto so they can make informed decisions. So many of them become victims of pump and dump scams
precisely because of manipulation of public perception in similar ways to how this was done. It sucks to see strategies like these used as it just invites tighter "regulation" of this burgeoning industry as an entire class of raped newbies start crying about the scammers and thieves. This isn't even mentioning the number of people who leave the crypto ecosystem as a whole screaming "Ponzi!" for all (potential users) to hear.
Don't user's deserve to get multiple potential angles on a story? Aren't those various angles all valuable to best assess the reality of a situation? Isn't that assessment necessary to properly invest in ANY market?
So it isnt an "us against them" thing at all. It is more of a "don't blatantly be a market-manipulating dickhead" thing...
you know, kind of why the bitsharesx exchange was built in the first place!Actually losing a bit of respect for coinmarketcap for actually stamping their approval on the whole drunken orgy.