Aren't you the same guy who had a thread re-named
Wow. How did you guess that? You must be very clever? Well.....he's smart enough to know what "current market price" means But somehow missed that bitcoin is not a $ derivative?! |
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Aren't you the same guy who had a thread re-named
Wow. How did you guess that? You must be very clever? |
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Honestly, the naysayers just shut up Where the hell is the thumbs-up button? It's only on BFL's forum. You must be pretty accustomed to it? |
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This really depends on how deep the pockets of the investors happen to be. How much venture capital was obtained over what period of time. Their only investors are those that have invested in their promises, aka "pre-orders". That's nothing more than your opinion. Care to prove it? Not me, they have to prove they have investors! |
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This really depends on how deep the pockets of the investors happen to be. How much venture capital was obtained over what period of time. Their only investors are those that have invested in their promises, aka "pre-orders". |
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They could also take themselves part in the give-away.
LOL. How is that different from troops throwing away bales of dollar bills from choppers in Iraq? The only reason to do that is to make everybody happy instantly for a certain time. The only reason you can afford to do that is that the dollar bills have some value to the person you give them and in the same time you know you can print as much as you want if you need it. This is not the way you can build a sustainable economy! |
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Which source tree can sustain a higher rate of evolution Bitcoin or Ripple ? The irony is Ripple as a payment system is unsustainable without independent currency like bitcoin being the backbone (not saying bitcoin is perfect). The 10+ (?) people furiously working on Ripple, you've mentioned above, will hopefully understand this very soon. |
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We wanted to do XRP calculations internally in a 64-bit unsigned with one bit reserved to signal that it was an XRP amount and one bit free as a sign bit. To avoid having to deal with overflows inside operations and simplify the code, we didn't want to use more than 1/16th of the legal range. For human convenience, we wanted the main unit to be divisible into millionths. That set an upper limit of 2^(64-2) / (16 * 10^6) or 288 billion. 100 billion seemed the most human-friendly number within that range. Ah, I see. From a tech point of view it makes much sense but from financial point it is not. Do you know how many transactions are processed every day in this world? The challenge of success... The more successful ripple becomes every day the more likely becomes its failure. If ripple succeeds I can predict a scalability issue here. At some point transactions will become too expensive and there will be need for inflation in XRP, and OpenCoin will inevitably have to issue more. |
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If OpenCoin waits until there are already a fair number of well established gateways that have regular transaction activity, it will be virtually impossible to convince these gateways to accept a fork. A well established gateway would require a banking license! Only banks are allowed to take deposits. How many banks will become ripple gateways before they open the code?! |
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You are arguing that it's better to make people do pointless work to "earn" XRP than give them away for free. Joel, how did you decide on this number 100 billion XRPs? |
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My understanding is that developing XRP into a more or less functional currency is a monetization strategy of OpenCoin founders. They were very careful not to discuss it in public, and Joel Katz even mentioned that he is prohibited from discussing it here on Bitcointalk. XRP is the pivotal point of ripple system. Not discussing it would be a very shortsighted strategy. Once they open the ripple server anyone can fork it and do the right thing! |
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There is no volatility. There is a steady rise and this is different from volatility. It should be rising much faster because the slow rise today will lead to much aggressive rise tomorrow.
How would you quote a 1 year lasting contract in BTC? YoŽll never know what value youŽll have to pay. Why would you need that in the first place? Why would you need to give somebody the tool to leverage short bitcoin sell without having the bitcoins? Why would you need to give somebody a weapon to kill the bitcoin? Bitcoin is cash. You can't sell cash if you don't have the cash! You can't sell something you don't have! Leveraged margin trading in fiat has practically killed the fiat financial system. Why would you want the same happen to bitcoins? |
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What is causing it to rise so quickly I don't think it's rising quickly. Actually this is a very slow rise and should be much, much faster! Definitely rising too fast. Too much volatility keeps the masses from switching to BC. There is no volatility. There is a steady rise and this is different from volatility. It should be rising much faster because the slow rise today will lead to much aggressive rise tomorrow. |
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What is causing it to rise so quickly I don't think it's rising quickly. Actually this is a very slow rise and should be much, much faster! |
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"Grandpa, is it true that you had one whole bitcoin when you were young?"
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Pull your orders if you believe them to be so incompetent. I did it. I'm sooooo lucky. So far I already have 300% profit for NOT having a BFL's ASIC! |
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we have requested from everyone with frozen coins an answer There are no "frozen" coins as already explained above. I think if you have told them that they have no frozen coins but just coins that are gone, their answer would have been quite different! The investment sums unfortunatley come soley from our "private" money, so we cannot expect any wonders I can't think of any reason that will make an investor burn their money in such a way. May be the only reason I can think of is if the purpose of such an investment is to bail out current owner! From every 100 stolen bitcoins 30 bitcoins will be "invested" back, so everybody will be happy or at least have hope that their "frozen" coins will be unfrozen at sometime next century. |
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we decided not to go this way, as the majority of the users did not want to go into liquidation, but expressed their interest to cooperate with the new investors instead. I hope customers were not intentionally misguided to believe that "liquidation" under bankruptcy procedure means dismantling of the service and website? so for my 110.9 frozen bitcoins i would receive in a best case scenario 70 - 90 Euro. 110.9 x 10.56 x 0.06 When will you understand that there are no "frozen" coins or "fried" coins or any other special kind of coins? Your coins are gone! There are no coins at all. What is left is only the obligation of the current owner! He will give nothing back to you until he faces the real possibility of serving a prison term. |
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are you sure they are looking for a solution ? Well, there is only one way you can be sure about that. It is well known for centuries. It is called bankruptcy procedure! |
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