Bitcoin Forum

So bitcoin sucks due to inflation. Everyone knows it. Nobody wants to buy it. It has a bad image already and this forum is scammers protecting scammers basically.
So along comes ripple with some other crooks attached but the part they got right is the inflation-part.

So bitcoin done - ripple hello?

After all it should be investement vehicle and store of  wealth but neither ripple nor bitcoin is that.

So what we do? Nothing?

I say use your favorite cryptos on the ripple network using their new tech and go from there.  XRP can crash to $0.000001 if the US government says hey XRP needs to be capped or something you know?

If you guys can't band together to buy bitcoin up in price then NO, No alt currencies will succeed at all, BTC is the true experiment

You retard , now you lost all my 'respect' sad troll.

We? You mean what can YOU do?!
You can move out of here! Should be simple. But instead of that you and some other trolls ignored by most of us try to explain us how shitty Bitcoin is for you. Use your hidden agenda and put it where the sun is not shining. ;)

Well Napster failed, I guess we didn't get anything positive from that whole ordeal.....

The man is a trader not a bitcoin lover.  We look through the roseist of rose coloured glasses.  Fewcoins and fallin being bullish makes me want to spend.

For now the goal of XRP is (and will always be) to accommodate trades within the Ripple network. Although Ripple Labs has stated over and over again that people should not invest into XRP (given the risks involved) they have however stated that they hope it will reach its own intrinsic value in the future. In that case it might as well be used to buy good, unlike BTC which has almost never been used to buy goods out there. At least when you compare the number of hodlers/traders to the people that actually use it, which remain to be an exotic, very exotic minority.

It's created out of thin air. It can be used to buy BTC  :-*

Even CLAM has inflation :)
Maybe that can replace bitcoin ;)

You know what doesn't have inflation?  That's right,

http://s28.postimg.org/vrfe1cdjx/beanie.gif

In the longrun, the case for bitcoin is as an asset that can be money, but which no one can censor/control. It needs some moderate level of merchant adoption to provide the practical economic link, but it doesn't need to replace fiat as far as everyday purchases go. XRP will never be that uncensorable value-store, since it's not decentralized in the way bitcoin is (see recent stellar/ripple core consensus alg failure).

It's actually because of that non-pure decentralization which will make banks more willing to integrate with Ripple. My intuition right now is that Ripple and Stellar will lean more and more centralized over time (for both political reasons, as well as the unfortunate fact that their consensus algorithm is broken at the core wrt meaningful decentralization), and if they become successful, they will effectively be controlled by a small number of banks who run the major gateways and validating nodes.

Which is fine; XRP and BTC don't compete in the same primary domains, even though some people right now seem to think they do. XRP competes in the domain where you want to hold XRP for just long enough to get a transaction done. If it catches on, it should be a high-velocity (which is inversely proportional to market-cap) pseudo-currency. BTC, though, ultimately competes in the gold market and stored-liquid-wealth domains, which are magnitudes larger than instantaneous high-velocity transactional demand. If you do the math for transactional demand, you get market-caps in the low tens of billions at best; the mcap for currency-as-store-of-wealth work out to hundreds of billions to low trillions (some would argue double-digit trillions).


tldr: Ripple and bitcoin do not ultimately compete because Ripple is not sufficiently decentralized. Total target/potential market-cap for BTC is orders of magnitude higher than for XRP.

Thanks for that.  I was crafting a similar post in my head and you've saved me the effort of writing it out :)

Heh... Happy to return the favor once in a while. :)

Ripple (XRP) is a deflationary coin. Each transaction burns a tiny fraction of a coin so the total coin supply slowly goes down. It's such a slow process it's barely noticeable.

No. And you are misrepresenting the facts:

Bitcoin: About 13.6M BTC out of 21M BTC or 65% are in circulation, the remaining 35% will be distributed in the future by a transparent and clearly defined scheme.

Ripple: About 31G XRP out of 100G XRP or 31% are in circulation, the remaining 69% are held by a single for-profit business and may be distributed at any time for any reason in any way to anyone.

Holding XRP isn't favorable to holding BTC because "no inflation", actually the opposite is true. There will certainly be less inflation with BTC than is possible with XRP. BTC has a clear path, XRP is a corporate black box.

if ripple did not have those deficencies it has bitcoin would be fuckered in the behind.