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181  Alternate cryptocurrencies / Altcoin Discussion / Re: Are any Bitcoin whales converting to Ripple? on: December 22, 2014, 02:40:22 AM
I like the concept Ripple. And all this FUD already means this coin will be a winner.

Already Cheesy .....
182  Economy / Speculation / Re: Poll: Price Predictions 31.12.2014 on: December 21, 2014, 02:26:18 AM
I guess the 80/20 rule really does work.
183  Economy / Speculation / Re: Everyones 2014 [New Years] Crypto speculation, why?..check back in a year on: December 21, 2014, 02:16:44 AM
Have you checked back at your predictions in a year?
184  Alternate cryptocurrencies / Altcoin Discussion / Re: Are altcoins, in general, worthless and pointless? on: December 20, 2014, 11:19:44 PM
A coin that is given utility and helps provide liquidity on a protocol like XRP isn't worthless.
185  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple pump over and down you go! on: December 20, 2014, 07:44:24 PM
And why is there no mention of it on the ripple website?  Ripple Labs is a company, so surely they should be broadcasting this news everywhere.  not some single ambiguous thread.
They touch upon it a little tiny bit in the last paragraph here.

https://ripple.com/bitlicense-how-ripple-labs-approaches-regulations/
Bad news are not that well suited for broadcasting.
Conceptually forced to approach all kinds of regulations, Ripple will soon be the most overregulated currency in the world.
(oh dont start argueing if it is a currency, plz)

Overregulations will make it a commodity?
186  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 07:28:58 PM
The problem is, as Ripple labs and those other 2 guys hold something like 80% of XRP.   As soon as some bad news comes, they could cut their loose, before the market even knows of a problem, the market could be literally wiped out almost instantly.  

Ripple is a risk too far for me.  I want to see counterparty make it, I might buy in at some point.

That, and also I don't think many 'ripplefans' even understand what XRP is used for. They just buy it because they see it's going up for whatever reason, and then they come here on a Bitcoin forum to cheerlead for it and try to get some more suckers into something they don't understand. Roll Eyes

why are bitcoiners any different?

Oh there are certainly those who don't understand what BTC is about at all and just buy it because they want to profit from it, but I don't see them spam rippleforums and cheerlead for BTC there. On average I do think bitcoiners have a bit more understanding of what Bitcoin is and have other reasons for getting into it besides hoping it goes up.

There are trolls who cheerlead for xrp that missed the btc boat or were never accepted here. There are good people here who have been in bitcoin for years and also see the positives in ripple without investing in xrp.

The people who will make money wont generalize everything but instead be open for change.
187  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 03:39:02 PM
Thanks to crashing XRP, bitcoin might see a substantial influx of money in the next days.

The high this week was $0.028 and its now $0.025. That's a crash?
That's less than a bitcoin fee.

Yep ripples fee is 0.0001 of that
188  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 03:21:52 PM
Thanks to crashing XRP, bitcoin might see a substantial influx of money in the next days.

The high this week was $0.028 and its now $0.025. That's a crash?
189  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 03:19:21 PM
Give up bears.

Take your bull shit over to the failure that is XRP.

Why is XRP a failure?
190  Other / Off-topic / Re: North Korea Government(Responsible) and Sony..It's embarrassing on: December 20, 2014, 04:10:46 AM
How crazy would it be if this movie started a war.

Its already an Act of War

The thing is, the leader of North Korea wants a war. The republicans want to bomb them and etc but democrats worry about the women and children etc.

Even though North Korea may have the dumbest leader, this is still a big deal.

At the end of the day: Sony should of let it be played by whoever wanted to play it. We spend half of the 1.1 trillion on defense the coming year, be confident in it and learn from your mistakes.

When you are dealing with threatening demands from a country in the year 2015 with a spending budget like North Korea, you don't put boots on the ground like the middle east or 1940s Normany.
You take them out with technology.

It would be funny to see Russia protect North Korea at the last second tho

You sound like you watch Fox News.

Haha I actually watch Jon Stewart and Stephen Colbert every night but I will put it on Fox News to get a laugh some nights.
191  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple : I don't think RL would be talking to a government if they were scammers on: December 20, 2014, 04:04:10 AM
Those who call Ripple a scam are generally naive anarcho-tards who honestly in their heart of hearts think the US Dollar is going to collapse in a few years and everyone from your 80yo grandmother to the homeless guy in the street is going to be buying everything with Bitcoin on their cell phones. Wake up, it's not going to happen, if anything shit will hit the fan and we'll be battling like Mad Max for oil and food before the whole 1st world switches to Bitcoin.

The problem has never been banks, without banks most businesses would never get a loan to to get started in the first place and families would never be able to save up to get a house. The problem is mega "too big to fail" banks who have a stranglehold on our financial policy, big difference.

If Ripple can more efficiently empower small to medium sized banks, good for them.

+27
192  Other / Off-topic / Re: North Korea Government(Responsible) and Sony..It's embarrassing on: December 20, 2014, 03:58:36 AM
How crazy would it be if this movie started a war.

Its already an Act of War

The thing is, the leader of North Korea wants a war. The republicans want to bomb them and etc but democrats worry about the women and children etc.

Even though North Korea may have the dumbest leader, this is still a big deal.

At the end of the day: Sony should of let it be played by whoever wanted to play it. We spend half of the 1.1 trillion on defense the coming year, be confident in it and learn from your mistakes.

When you are dealing with threatening demands from a country in the year 2015 with a spending budget like North Korea, you don't put boots on the ground like the middle east or 1940s Normany.
You take them out with technology.

It would be funny to see Russia protect North Korea at the last second tho
193  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 12:45:56 AM
Don't look now, but it looks like a crypto currency platform/protocol was used for the first time ever in the banking world today. Wink

https://bitcointalk.org/index.php?topic=899969.0
194  Alternate cryptocurrencies / Altcoin Discussion / Re: Fidor bank payments over Ripple are live on: December 20, 2014, 12:35:28 AM
Thanks for your hard work.  Let's see a screen shot of this bank transferring BTC soon.
195  Other / Off-topic / Re: TV Series Recommendations... on: December 20, 2014, 12:25:40 AM
Here is mine Tongue

The Vampire Diaries
The Originals
The Arrow
The Walking dead
The Mentalist
The Flash
The Tomorrow People
The 100
Breaking Bad
Spartacus

I hate all of these except breaking bad which was one of the best of all time.  Are you a girl watching CW?

What do you care Cheesy

Just trying to raise your blood pressure
196  Other / Archival / Re: Last Drink You drank. (daily thread) on: December 20, 2014, 12:24:39 AM
Milk out of nowhere.
197  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 12:00:25 AM
Ripple down 16.41% .....moon...... Grin Grin Grin Grin

Bear trap, Ripple to 10$ in 2015


Meanwhile BTC @double bottom bull trap, going to single digits Sad


What will happen in 2015 that would price XRP at $10 with 99,999,600,000.00 billion issued with 1 company holding 70billion coins, Jed holding around 6billion, and Chris Larsen holding around 7billion?

Just pure liquidity and utility of the protocol right? 
198  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2014, 11:55:36 PM
Ripple down 16.41% .....moon...... Grin Grin Grin Grin

Well actually in the last 24 hours xrp is down 31% when comparing to bitcoin at bitstamp. BTC/XRP
199  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Ripple price going mad right now? on: December 19, 2014, 11:46:16 PM
it's a good thing you pointed this out, i hope someone from ripple labs is lurking these forums and give us an answer.

I'm really trying to muster up the energy for a proper response but to be honest, the negativity on this forum towards anything that isn't bitcoin or promising overnight riches makes it not worth the hassle of posting. Any discussion of Ripple is met with false accusations of centralization, scamming, or shilling. Why should anyone waste their time writing up a lengthy reply? Ripple is going to succeed with or without approval from the bitcointalk peanut gallery.


Yep, the constructive criticism and pure innovation has left this forum a long time ago.  All of us hoping that feeling will come back one day because bitcoin changed our lives.

Some major players and posters the last few years have totally logged out of their usernames and have been inactive for a year or more now.  They still comeback here but they want to stay out of the spotlight not giving anyone a chance to steal their fortune.

Asking questions will take you far in life, what has shilling done for anyone here? Nothing


Your example is flawed. You say that the transaction fee will be only 1/10 of a penny. What happens if Ripple grows and new XRPs are not handed out in the system? The value of XRPs will go up without bound. Especially because, once an account is funded the XRPs are "locked in." From an analysis perspective they are effectively destroyed since they can't leave the account. That means that the rate of deflation is many orders of magnitude greater than the rate of XRP destruction due to transaction fees. "Implausible in the extreme" is only true if no one controls the bulk of the XRP supply.
50 billion XRP will be given away by Opencoin. But it still doesn't matter. So long as there are enough XRP in circulation to perform transactions, XRP still won't limit the ability of people to perform transactions. Over a quadrillion drops have already been given away, and consensus can change the base transaction fee to less than a drop.

Quote
I keep hearing about how easy it is to change the transaction fee through the consensus mechanism. But no one has explained exactly what criteria a gateway will use to determine if the fee needs to be adjusted.
The primary criterion will be what they believe the transaction fee should be. The secondary criterion will be what they believe they can get a consensus on.

I believe I explained the mechanism in more detail in another thread, but here's a summary:

1) Validators add to specific validations an indicator of what they think the transaction fee should be.

2) Validators look at other validations to see whether there's a sufficient consensus for moving the transaction fee up or down.

3) Validators then add pseudo-transactions to change the fee.

4) If a pseudo-transaction gets voted into the consensus transaction set, fees change as of the next ledger.

A similar mechanism is used to make logic changes, except nodes won't themselves vote yes on a change unless they see it has a supermajority or if they are specifically configured to treat the change is urgent.

There is no specific check for spammy transactions. If it has the correct fee, it will be processed. If the network is overloaded, slow nodes will bow out of the consensus process and the transaction fee will rise to maintain stability.

200  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2014, 11:12:57 PM
Where da Ripple fanboys at

Hahaa selling at a loss

Alot of them bought between $0.002 and $0.005 and its holding strong now at $0.02. So now they can buy 6btc for free if they put in $1000.
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