Ah, another scam like Ripple, <a href="http://ripple.com" rel="nofollow">http://ripple.com</a>
Ripple generated 10 billion coins, and started giving away millions to generate buzz and use, they've yet to even give away 10% though, and the idea is to create enough value that they can eventually dump all their "genesis" currency and reap the rewards.<p>Mastercoin's done the same thing with no real benefits over Bitcoin itself. Seriously getting tired of these fiat fiascos. I guess creating derivative cryptocurrencies is the new version of the classic pyramid scheme.<p>Some people call Bitcoin a pyramid scheme because of the speculative bubble, fair enough. But these currencies, Ripple and Mastercoin, are true pyramid schemes. Founders plan to get mega-rich based on the illicit adoption of their scamware.