Bitcoin Forum

Please comment also !

Yes because nobody likes it.

lol. What a powerful argument.

Just maybe you don't know but ripple got a market higher than bitcoin in only few months.... anyway.. :) Thnak you for answerign this survey!

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Talking about the price right now which is around 1$=50xrp

Bad argument.

Bad thread

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

For Market Cap one only counts released XRP.

1.5 billion x $0.018 = $27 million market cap in Beta

At 2% of Bitcoin market cap... Ripple Beta is probably undervalued.

How many billionths of a Ripple does a transaction cost?

If that is massively more than it takes to keep people from spamming the system with transactions, yes it is a bubble.

If it is low enough that spamming is cost-effective, then no it is not a bubble and in fact they should cost more (per transaction, not necessarily per ripple).

-MarkM-

that's not the point... I noticed a lot of new comer argue that

it very much is the point.  you asked if it is a bubble.  a derivative is a bubble in that it leverages the underlying asset.  most newcomers don't understand that.

How this is related to spamming cost ???

The purported rationale for the existence of ripples is as an anti-spam measure.

Thus if they are too cheap to convince people not to spend them on spamming they are not in a bubble, but if they cost more than is needed to keep people from blowing them on spamming then maybe a bubble might be in progress.

Or they lied about the real reason for them existing, and anti spam measure is just yet another excuse for spawning yet another scamcoin. ;)

-MarkM-

ripple has an antispam measure but it's not the aim of this....   I don't get it.

incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

Sounds like you are not familiar with XRP then, the excuse given for even having XRP exist at all is that they are the anti spam measure, by making it cost something to do transactions, with XRP being that something.

Have you actually read up on Ripple at all?

-MarkM-

Yes and if i read well the "reserve" and small cost transaction (xrp destruction) is designed to avoid network spam. But where is it written that it is the main goal ? To me it seems just a way to avoid spam problem ...

you misinterpreted my question.  what does it cost to produce a ripple.  buy and produce are 2 different things.  most consumer don't know that.  what is the fabrication cost?  I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price.  that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001.  the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin.  so a ripple has much less intrinsic value that a bitcoin does.  always will

Cause you are looking at xrp as a "currency". What if we look at it as company shares ?

you mean a derivative then?

FUCK YOU!

It's impossible to guess the number of XRPs in circulation. Only a few developers know how much they received and how much they already sold on the market. But they promised to give away 50 billions (half of all XRPs) and it seems they decided to ignore that promise. The giving away thread has 5877 answers. Even if all of they were eligible and received on average 40,000 XRPs each, we would reach only about 235 million XRPs. That's nothing. But they kept limiting the number of XRPs for each given away. The recent given away to the subscribers of their mailing list was of 1000 XRPs? It seems clear that the 50 billion XRPs will never been given away, but probably kept in the developers deep pockets. Are they limiting the number to be given away in order to make the price of XRPs increase to get rich faster? Without a correct number about how many XRPs are in circulation, one can only use the 100 billion. In the end, they exist and can be sold by who ever controls Ripple. With this figure, Ripple is worth 2 billion USDs and that is a joke. All altcoins are loosing value (except novacoin), I doubt XRP can resist this (temporary) pessimism. I suspect we will be able to buy XRPs much cheaper than the current price. XRPs were once at 10,000 XRPs per bitcoin and then dropped to more than 130,000 per bitcoin: it might happen again.

In that respect ripple is more like diamonds where the supply on market is a tiny fraction of the amount locked away in vaults.  This is to create artificial scarcity otherwise diamond prices would crash 90% or more.  Bitcoin has properties like Gold, Ripple has properties like Diamonds.  One has been a store of value for centuries the other is an almost guaranteed loss over any extended period of time.

I guess Ripple is acting like De Beers.

lol
http://s3.amazonaws.com/rapgenius/checkmate.jpg

I voted yes.

I'm holding it for long term maybe it will be 1USD/XRP

I buy into the line of thinking that Ripple is a scam. 

I personally don't like it, and don't think it will survive long term.

I therefore dump any XRC as soon as I get them. 

Maybe one day Ripple won't be a broken IOU system.

Then I might invest into XRPs.

+1

If XRP's are currently selling for a non zero ammount then yes its a bubble.

http://s3.amazonaws.com/rapgenius/checkmate.jpg

I blame this incredibly annoying inability to correctly write and speak English on that stupid film "Honey I shrunk the kids".

Any educated individual can tell you it's "I sank" and "I shrank".  It's "I have sunk" and "I have shrunk".

Since Ripple is a centralized anonymous system, it's an obvious target to be seized soon or later under money laundering accusations. It's curious how the liberty reserve case didn't affect XRP's price.

how many ripples out there
100 billion

how many had the onecoin give away? not that many

price goes up right now

they are going to own the banks in the future

you are fighting against the inevitable.  celebrate the idiocracy.

in my opinion the way they have done the giveaways along with getting pretty much working exchanges has forced the price to go up, because they started giving out up to 100k and now they are giving out 1k.

so the perception is that much less is being added to the market. the price rise is driving more buyers to buy and the decreased availability is lowering amount around.

i expect it will stabilize around what it is around right now if they keep giveaways semi constant at their current rate, but if they change them, a sudden price drop is very possible.

I voted yes.   They've pledged to give away the majority of the XRP coins, but so far, only a trickle has found its way onto the market.  This is definitely a bubble in every sense of the word, but the market doesn't care.  Look at the price of the other alt coins and even BTC because of the sudden interest.   :-\

Ripple is not even opensource.

Beyond the technical differences between their marketing and reality, I still don't fully understand the techniques involved from a business sense, in utilizing their service, and *most importantly* how that is better than what is available today. 

I guess I can kind of see how having a non-fiat coin be an in-between would be beneficial, but still not clear on how its faster or value added than transferring fiat-to-fiat at the local bank. 

It is still far too early to say whether there is a bubble or not.  Only a tiny amount of XRP has been given out.  Also we must not forget, the Ripple is still in closed Beta.   Not yet for public release.

"Not yet for public release."  .... and yet, they are publicly giving away coins now to generate interest.