Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Eamorr on January 17, 2015, 10:30:57 AM



Title: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 10:30:57 AM
http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: tokeweed on January 17, 2015, 11:27:06 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: findftp on January 17, 2015, 11:34:09 AM
http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.


Banks will always try to rip you off. I don't believe anything they say.
Months ago Rabobank had an ethical comission stop fiat transfers to bitcoin exchanges, weeks ago they announced they were experimenting with bitcoin, the opposite.
They lie, and they continue lying in the future.

But hey, they might be right about not doing business with bitcoin, because they also don't really do/did business with physical gold.
They hate stuff they can't manipulate.


stay away from xrp for now ever.

there, fixed it.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Aswan on January 17, 2015, 11:40:45 AM
However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Sure, it's centralized and they know they can force the people who have control over Ripple to do whatever they want, if necessary they just send them to jail and take over the whole thing...


More decentralization is the only solution to all this.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 11:49:16 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP/USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP/BTC price graph (properly zeroed). There you will see demonstrable price resilience.

Interestingly, in my view, is the market cap resiliance of XRP.

Most interesting of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: tokeweed on January 17, 2015, 11:53:30 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself.  

and of course we should be watching, but i wouldn't recommend that people buy right now. 


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 11:55:36 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself. 

Analyse what's going on.

All I'm saying is that XRP is showing signs of resilience.

Make of that what you will.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 11:56:45 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself.  

and of course we should be watching, but i wouldn't recommend that people buy right now. 

Nobody should be recommending anything.

We can watch the data and comment though.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: tokeweed on January 17, 2015, 11:59:00 AM
i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.

http://i.imgur.com/kW7IlyUl.jpg

stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself. 

Analyse what's going on.

All I'm saying is that XRP is showing signs of resilience.

Make of that what you will.

ok. but i still wouldn't recommend that people buy right now. just be in the sidelines for now to be safe.



Title: Re: ABN Amro has no interest in Bitcoin
Post by: tokeweed on January 17, 2015, 12:00:09 PM
and remember, xrp went up by a lot.  so be careful.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Q7 on January 17, 2015, 03:09:38 PM
http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.


They won't be using bitcoin for sure. All bank looks towards bitcoin as the biggest threat because they can't control it and thus means their business is at risk. Imagine more and more people using cryptos and they will have less fees to collect.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: LiteCoinGuy on January 17, 2015, 03:12:43 PM
Published on December 3, 2014 at 18:15 GMT

 ::)


And a spanish bank funded a bitcoin company. whats your point? ripple-scam?


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 05:28:40 PM
Published on December 3, 2014 at 18:15 GMT

 ::)


And a spanish bank funded a bitcoin company. whats your point? ripple-scam?

A local bank manager of a Spanish bank authorised a secured loan to a guy with a Bitcoin company. So what?

Comparing this to a major bank talking about adopting XRP into its mission-critical banking systems is like comparing a toy aeroplane to a 747.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: BlindMayorBitcorn on January 17, 2015, 05:31:45 PM
Ahem. Ripple is still shit ;D


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 05:33:30 PM
Ahem. Ripple is still shit ;D

Thanks for for that contribution.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: freequant on January 17, 2015, 05:51:50 PM
Tokeweek is right. Although you are going to hear more and more about Ripple in the coming months as it makes it into mainstream at institutionnal level, it doesn't necessarily mean that the price of XRP is going to go up short term since a large part of the money supply is still held in reserve and could be used to suppress the price. Ripple is something worth keeping a tab on though, and definitely something worth using for currency exchange and transfers.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Elwar on January 17, 2015, 06:22:20 PM
How much of Ripple was pre-mined?


Title: Re: ABN Amro has no interest in Bitcoin
Post by: freequant on January 17, 2015, 06:30:40 PM
How much of Ripple was pre-mined?
Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Lauda on January 17, 2015, 06:33:00 PM
How much of Ripple was pre-mined?
Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.
You should know what he meant.

How much did the creators take for themselves? The answer is: a lot.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: freequant on January 17, 2015, 06:39:49 PM
How much of Ripple was pre-mined?
Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.
You should know what he meant.

How much did the creators take for themselves? The answer is: a lot.

20%. Sounds like a lot, but I think it's a pretty standard founder share for tech companies. Facebook, Google, Paypal and the like have much larger founder shares.


Title: Re: ABN Amro has no interest in Bitcoin
Post by: Eamorr on January 17, 2015, 07:12:27 PM
How much of Ripple was pre-mined?
Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.
The answer is: a lot.

Who cares.

They could go out and spend XRP on lambos and yachts. Soon they wouldn't have 20% anymore.

Anyway, it's good that they have a reserve. They can use this to entice large players to become involved.

It's all very fine imagining a perfectly equal world. I don't believe such a world exists (though I do believe in equality of opportunity).

Let's say we were distributist (http://en.wikipedia.org/wiki/Distributism) absolutists. Every man, woman and child on earth was given 3 acres and a cow. Within 10 years, there'd be a very rich elite and lots of poor people with nothing. All over again.

That's human nature.

Getting hung up on the "fairness" of this 20% misses the point entirely (especially when you consider that Ripple Labs have a very strong social conscience. Also, have a look at the Chris Larsen Foundation).


Title: Re: ABN Amro has no interest in Bitcoin
Post by: newIndia on January 17, 2015, 07:13:46 PM
I have no interest in ABN Amro either !!!