That "not meant to be a currency" goes for things like trading goods and (third party) services for it, which it really isn't intended to be used for. But intention and outcome often differ, so I wouldn't be surprised if it did.
After all I don't see any mechanism that would prevent that.
I think that must be their goal, how else would their XRP holdings become valuable? I don't think they would mind that, though I don't think they secretly intend it. But it can also become valuable by backing in terms of payment for usage of the network, and as currently speculative investment. I like to think of XRP as kind of a stock which does pay dividends through deflation. |
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Ripple is designed to facilitate currency exchange, not product exchange, they aren't meant to be a currency.
Except the core developers and OpenCoin have admitted that XRP is intended to be a currency and they require it to have speculative value so they can fund development selling XRP to the public. Why do you think XRP is not meant to be a currency? Even the official word is that it is meant to be a currency. Ripple supporters are so misinformed its not even funny. There is one of the paradox that no one has ever been able to resolve: in order for OCRipple to work, XRP must have both almost no value and also - at the same time - substantial value. I have asked about this many times and never heard a good answer. I strongly suspect it is because the XRP aspect was tacked on after the fact just as a money maker for OpenCoin. Everything about their entire project just reeks of style over substance and milking Fugger original project for a chance to be an early adopter in the cryptocurrency realm. It'd be like if Coca Cola tried to make a cryptocurrency system. You already have your answer... https://ripple.com/blog/ripple-reserve-lowered-by-75/ |
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Ripple is designed to facilitate currency exchange, not product exchange, they aren't meant to be a currency.
Except the core developers and OpenCoin have admitted that XRP is intended to be a currency and they require it to have speculative value so they can fund development selling XRP to the public. Why do you think XRP is not meant to be a currency? Even the official word is that it is meant to be a currency. Ripple supporters are so misinformed its not even funny. That "not meant to be a currency" goes for things like trading goods and (third party) services for it, which it really isn't intended to be used for. But intention and outcome often differ, so I wouldn't be surprised if it did. After all I don't see any mechanism that would prevent that. |
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Funny how this is the same exact rhetoric was used against LTC, now that battle was lost Bitcoin zealots have a new scapegoat to attack.
Theres a world of difference between LTC and Ripple, Litecoins has all the same benefits and attributes as bitcoins, just with some parameters tweaked. Ripples are debt and the economy is centrally controlled. I'll endorse bitcoins, and all its clones but definately not ripples. Uhh, debt without interest that is...ripple requires people to trust each other, bad! bad! Not so with BTC there is no trust required and scamming people works without consequences, now isn't that nice? XRP is just the financing model opencoin did choose, if you have a problem with that just have as much XRP as you need. The real reason ripple is attacked is that XRP is truly deflationary and that makes Bitcoin "Investors" feel threatened. Ironically the ones they should fear the most come out of their midst. |
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Funny how this is the same exact rhetoric was used against LTC, now that battle was lost Bitcoin zealots have a new scapegoat to attack.
I would even go as far as saying they are reliable anti-indicators.
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Did anybody say China yet?
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Nevertheless I volunteer Adam to become our new overlord.  |
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Cyprus thing is a joke. That was just speculative mania. I will ask you something: have you invested significant money in Bitcoin? If the answer is yes, how long did it take from the first moment you heard about it?
Again: entering into Bitcoin is a lengthy process - first you have to understand, not only what is Bitcoin but also how to keep your bitcoins safe. Then you have to find out how to buy them, and then you slowly start pouring money, just a little a the beginning.
That's everybody's process. When it will come the day that the average citizen will have the understanding and the means to quickly throw a lot of fiat into Bitcoin after the kind of news we had in March, then.... Well, you cannot imagine the kind of huge motherfucking bubbles we are going to see.
I have to agree with this 100%. It took me 1 week to put $17 cash into an envelope and mail it to canada to buy my first coins. 2 more weeks to have a miner setup and initiated a bank transfer to gox. I consider that pretty fast and that was only possible because I had all kinds of prerequisites already in place (understanding of crypto, understanding of double spend problem, understanding of p2p network). I had to talk to noone to confirm this thing was legit and most likely functional. There was no misleading press or ponzi accusations all over the net either, which should slow the process even more in this day and age. Average nowadays is probably more like 6 weeks from first exposure to first substantial buy. We're thinking too short-term. There's all kinds of buffers (delays) and feedback loops in this system that need time to play out. Seconded. If you're a goldbug libertarian with technical background and high risk tolerance, it's possible you might "get it" and buy relatively quickly, within a few weeks. But that would be very unusual. My experience with anyone lacking that magical quatrifecta, is that it takes months of investigating and being prodded before any action. There are people I've been talking to about Bitcoin for almost two years, are positive about it, but still haven't pulled the trigger. It took me more than a year of constant (weekly) highly intelligent exposure to bitcoin, before I bought any. It took an additional year and more, before I allocated a significant % of my holdings to it. I even knew of Bitcoin before Mt.Gox opened, and that was purely theoretical and did not interest me. So expect a large percent of the ones who heard in early 2013, to buy in with significant money in 2015-2016. Unless they are slower to understand than I was, in which case it takes even longer. I'm a little different. I first heard about bitcoin 15.11.2012. ... 22.11.2012 I was bitcoin perma bull. :-) Don't worry disillusion comes to you as well eventually. FYI: I was a ultra-bull at the start too. |
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5% up, talk about an anti-climax bulls.  I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious. |
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Wenn ich das richtig verstanden habe (bin selber Noob): Wenn der Kurs den Channel durchbricht, ist das ein Kauf- oder Verkaufsignal. Also aktuell: Wenn der Kurs unter 95 fällt, fällt er weiter und man kann erstmal verkaufen (natürlich nicht erst bei 80  ). Wenn er über 127 steigt, steigt er dann auch noch ein Stück weiter. Bleibt er stattdessen an den Widerständen / am Support "hängen", dann kann man wieder davon ausgehen dass er wieder in die Mitte zurückpendelt. Das Problem mit den Channeln ist, dass sie nur greifen, wenn sich nichts verändert, also keine neuen Spieler hinzukommen oder weggehen oder Spieler ihr Verhalten verändern. Bei einer Panik - egal ob BUY oder SELL - sind die Channel für die Füße bzw. es bilden sich dann neue Channel. Die Channel greifen im Prinzip nur bei rationalem Verhalten der Marktteilnehmer. Wenn aber Leute in blinder Panik Coins abstoßen weit unterhalb des Wertes zu dem sie sie gekauft haben, dann ist jeder Channel schnell dahin, insbesondere wenn dieselbe Leute wieder zurückkaufen sobald der Kurs wieder zu steigen scheint. Es braucht dann einige Zeit bis sich diese Leute beruhigen oder vom Markt verschwunden sind. Klar sind ja kein komplettes Handelssystem, aber das sind Triangles und Wedges auch nicht. |
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Or I can sell my Bitcoins myself and use the okpay debit card to purchase everything directly, with less fees than bitpay charges.
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Ziemlich nutzlos. Besser das  Ein Donchian Channel ist genauso zu benutzen, ist nicht so empfindlich gegenüber Chaos und du musst außerdem keine Linien ziehen. |
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So you are wasting our time instead?
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1000 BTC sold . Price didn't move much.
I think there is plenty much where that came from. |
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10 watt/gigahash vs. 1watt/gigahash  |
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The portion of gold's price derived from it's "industrial" or financial uses is minuscule in comparison to the arbitrary value it has due to its "monetary" and "store of value" uses. rampant price manipulation by the banks.
FTFY Most of the speculative rise with golds price has to do with Peak Gold which is supposed to happen in 2020. Now what happened is that gold futures (which can include gold yet to be mined) piled up to such an extent that it became questionable that the Peak is really 2020, not rather some time later, which can very probable the case. If you tell a Gold Bug this you can get similarly hostile answers as with a Bitcoiner, but the responses aren't as funny. |
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God damn TradeFortress,
I used to think highly of you, one of the few people on this board actually interested in the technology behind cryptocurrencies.
But now you've gone nuts. Reputation lost.. you are now on par with all the other zealots who are more concerned with their Bitcoin investment than innovation.
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Noob Question: What's a goomboo trader?
https://bitcointalk.org/index.php?topic=60501.0Apparently trading on the ema 10/21 crossovers. Not exactly the most sophisticated system, but lots of people use similar ones with the result of strong positive feedback on volatility. |
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It's a scam the same way Bitcoin is a scam, depending of how you look at it, either all the way or not at all.
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So instead of 1watt per Ghash it draws 10watts per Ghash ?  Maybe the fan draws a few watts? Fans are in the order of 1-3 watts |
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