the problem with ripple is you have to make it onto the UNL list, to be part of the consensus.
You can't just join.
Who decides who get on the UNL list that is the question.
If you are talking about being a validator server, you are right. If you are talking about using ripple network, you are wrong. I am talking about being a validator server. |
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a 100% (or at least =>) BTC
secure
anon
and well distributed POS
would kill BTC as it would avoid the whole mining tax/drama which is like flying into the head wind.
Its sorta like figuring out flight, and BTC is about a 3rd generation Flyer. NXT is a prop plane ww1 but it has a tether attached to a crane, and the fuel supply is a bit suspect.
Nothing will be truly anonymous since you still need to relay a connection to someone else via your IP. Or, it will be anonymous but then it won't be a public ledger or user-friendly enough to go mainstream... eh there will be technical solutions ot this. |
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the problem with ripple is you have to make it onto the UNL list, to be part of the consensus.
You can't just join.
Who decides who get on the UNL list that is the question.
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mining is maybe what allows the 2020 ~ or whatever moores law to be overcome, eg mining tech drives processor dev. Not intel etc
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a 100% (or at least =>) BTC
secure
anon
and well distributed POS
would kill BTC as it would avoid the whole mining tax/drama which is like flying into the head wind.
Its sorta like figuring out flight, and BTC is about a 3rd generation Flyer. NXT is a prop plane ww1 but it has a tether attached to a crane, and the fuel supply is a bit suspect.
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so the other big system seems to be ripples how do you all feel about that as being secure.
I recall the UNL seemed a bit centralized, eg you have to be accepted on the UNL to play.
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bitcoin is way more backed than gold because of the amount of banking infrastructure it replaces alone. Gold has no such use case, until you can make gold invisible, easily divisible without a system of weights and teleport it.
In any event Gold is completely manipulated/at the whim of central govs because they can confiscate it illegal any time an their is little you can do. No so BTC.
I just don't know how Goldbugs can't see this?
Sure, the gold price IS manipulated, and central banks have been (desperately) trying to keep gold below $1000 for decades. Eventually the market demand overwhelmed the Fed's chicanery and gold shot up. Even now, it is extremely deflated at $1275. But look, it is not possible for the central banks to completely manipulate the gold price. It IS possible for them to gang up on Bitcoin, which has MUCH less liquidity and market share than gold. Central banks could begin buying up all the Bitcoin they can get their hands on, then dump it on the open market as some appropriate time to completely destroy the price. Bitcoin is HIGHLY vulnerable to price manipulations. Hell, if the Chinese even SNEEZE we see the price drop 50%! I love Bitcoin, but it will NEVER replace gold as a value store, nor should it. Bitcoin is a currency and should be SPENT not HOARDED. Gold is an asset and should be HOARDED. I wish demurrage was built into Bitcoin! but the manipulation is of a fundamentally different type. Eg with gold the amount of gold you actually have rights to by the trading instruments can never really be established, where is that gold, is it pure? With BTC, of itself the quantity and type is always publicly provable. BTC is not actually manipulable itself, rather countries can only try to manipulate the value of their currency against BTC, by making it hard to move in and out of positions. They cannot regulate BTC itself, but they can Gold itself. Eg seize or make transfer illegal, fractional reserve etc. |
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A new house? For a million dollars? A tiny house in the middle of nowhere, maybe, but even that doesn't leave much change. Fucking real estate bubble.
It depends on where you live.In most Asian countries you can have a huge house for this money. saigon/hanoi nope china even in a second city, nope japan, main city nope korea Seoul, nope so they are out for huge houses for $1M eg Hangzhou, a second city in china, you probably can't even buy a house for 1M. Pro Tip You are always forced to buy a House in a world class city, NY,London, Tokyo, Sydney, Seoul etc.....because then you have the choice of not living in it or living in it, and you can afford to live basically anywhere else in the world for as long as you want. Buying a house in nowhere land, looks good, but then you are stuck there or comparable no wheres for ever. Worse you will see your land value drop relatively to city prices so you get further and further behind. Once you have that house then you have a chance at living a happier better life. The Broblem is it cost about 2~3 Mill for a reasonable house in a reasonable suburb. The interest repayments on that amount alone are more than people will take home in wages, so they will be locked out more and more. This is due to the Gov printing money and giving it to bankers and hangers on. Which brings us back to BTC which is the solution. BTC is going to the 100K if not 1 Mill a coin. |
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I would spend it on a forever cruise and never have to worry about anything.
until your ship sinks and is decommissioned.....it actually sounds like a sorta floating prison. |
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these days...not so much. You need about $2.2M for a good house.
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I think doge shot itself in the foot by not hard capping/over printing at this stage....and the leader was a bit of a dick to Coblee
NXT has great attributes but screwed distribution.
LTC has a dwindling use case.
BTC nears 51%....wogatami and friends are funding a solution to this.
NEM's head shot its head off
Emunie is takeing quite some time to dev......those that did not understand self ejected
DRK is perhaps the most dubious being closed source and not really....also useless the use case for a DRK that actually works when BTC becomes 100% anon or the choice is there
Ripple shot itself in the XRP, by the ex CEO or something.
PeerCoin.....actually no drama, but will be better when cold locked minting.
On the plus side, the shear amount of energy in the crypto space, is makeing this all evolve so fast its hard to think of any development in any other field that comes close. At this rate both on the chip manufacturing side and software dev, its hard to see anything stopping the whole concept. In fact mining may be what keeps driving moores law longer than expected as a side effect....
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bitcoin is way more backed than gold because of the amount of banking infrastructure it replaces alone. Gold has no such use case, until you can make gold invisible, easily divisible without a system of weights and teleport it.
In any event Gold is completely manipulated/at the whim of central govs because they can confiscate it illegal any time an their is little you can do. No so BTC.
I just don't know how Goldbugs can't see this?
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I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense. Nobody can know if the price will move on or drop, but I'm confident that price will rise by August  OMG, I can't read it any more... look at the btc traffic. 30k is NOTHING: 24h global trading volume ฿ 112,274.63 Even if it was 3 million coins, the buyer wouldn't drop them on the market for at least a year due to recent IRS guidance. You must hold for a year to classify as a long term capital gains and avoid a great deal of extra taxes. IRS .NE. WORLD IRS means nothing to most people as most people are not in the US jurisdiction |
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that works....what do you see there? |
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its hard to take this thread seriously with no mention of PeerCoin
then againg the concept is waaaaay out infront, and the really loooooong game.
I've rarely looked into peercoin other than maybe its market cap .. nobody really talks about it. After you mentioned it, I decided to check it out. I go to the main website .. $0 marketcap, 0 ppc total supply, whitepaper link 404's, myth 3 isn't even in english, github is almost barren I'll keep digging on it ... but do you have good sources of information that are still around for it so I don't fumble around aimlessly? where did you go?  the site is here http://www.peercointalk.org/index.php?board=3.0 |
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and.....POS.
also how does GIGA feel shooting itself in the foot
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ok
NEM {and legit IPO's] needs some sort of new Governance structure with independent oversight.
I may do this and will declare all sock puppets up front [if any]. [It is safer to assume everyone has sock puppets.]
sort of snapchat for verification or something like that, to a trusted party that will disintegrate ID's
an escrow for ID's if you will, send through cypto and destroyed after verification. Fee involved of course to keep Independence.
I call this proof of person. POP.
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its hard to take this thread seriously with no mention of PeerCoin
then againg the concept is waaaaay out infront, and the really loooooong game.
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yes the try-any of the majority is the best way to make decisions.
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After 6~7 years, bitcoin's inflation rate would be close to 1% annual. Let's assume that the mining capital has a lifecycle of 3 years, then you would only need 3% of bitcoin total coin stock value to permanently 51% bitcoin blockchain. This assumes tx fees totaling 0 BTC forever. Also BTC won't reach 1% inflation in 6-7 years it is more like 15 years. I still feel safer diversifying into PeerCoin than staying with just BTC. The pressure and the drama of miners is just to much. The backbone currency is where the real £value is at. Not craptplastic Amazon or Ebay. Further Mining will more or less suck up every bit of value in BTC minted at a given time to the point of being able to sustatin a mining operation, because it's money left on the table. Conversely this may have a value add effect as well, as it sort of value all previously minted values at that price as well even though the cost much less to be mined and BTC are fungible. It seems pretty much certain at this point POS or Non mining will take over from POW. The issues to do the are just technical. NXT and Peercoin are testament to this. One wonders if a PeerCoin/NXT duoploy will take the cake. |
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