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Bitcoin Report Volume 67 (Crypto Crosses)

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  • CoinTrader

    Hi BJF

    I enjoy your shows and agree with pretty much all your thoughts on many of these alt coins and really thought your did a good job on tonight’s episode highlighting some of the risks with alts and how to perform minimal checks.

    I did want to point out a couple things, nothing big but maybe interesting. One is Sexcoin has actually been around since May of this year. I believe the coinmarketcap site is actually been playing catch-up with many of these coins, but I too often wondered how some of these are getting the market cap validations that they do with no real exchange backing. If you click on the price on the coinmarketcap site, it takes you to the cryptocoincharts site where you can see this particular validation is based upon the SXC/LTC cross at Cryptsy. So while there is no current direct conversion to BTC, a couple of quick trades, SXC->LTC->BTC and you are there. I actually don’t own any SXC coin or have an opinion on it, but its name has been a joke for awhile on the Bitcointalk forum, so I knew it didn’t just appear in December.

    The other more interesting thing maybe be one of the pairs you showed early on, that you claimed to not know what the coins was was ARG, or Argentum, which according to its website is:

    “Argentum is the Latin name for the element silver. It is the perfect name to represent this currency and the potential it has with a dedicated development team. Argentum is a fast, unique, anonymous and secure way to make transactions of any size at any time. We didn’t settle for making just another digital currency; instead, we decided to push the limits of what is technologically possible.”

    Since you also run the silver blog I thought you might be interested in ARG, at least for its name.

    Good trading!
    CoinTrader

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