50 watts, 80C. Minteresting. I wonder how many chips are under that heat sink.
1 in words: One That's 10x the initially advertised power efficiency and 0.83x the initially advertised total hash rate. So instead of 1watt per Ghash it draws 10watts per Ghash ? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) exactly that
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But you can't use ripple unless you have xrp - they have to give it away. You can't buy ripples unless you have ripples already. No average Joe will use ripple if Ripple don't give them free xrp.
Yes and no, yes they will give away quite a bunch, but at which rate? I agree that current market prices are influenced by the sub sequential reduction of the rate they are given away on the forum. And once there is another giveaway prices might drop. Now the assumption that the average joe won't use ripple unless it's gratis is flawed. Think of this of how Second Life works: Linden Dollars are both traded on the market and supplied by Linden labs, the most straight-forward way to do this is for opencoin to sell XRP via credit card. There would also be third party sites which sell them at a semi-fixed rate just like coinlab does.
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Ripple has some major venture capital millions of dollars backing it. Don't sell it short...well maybe the current price is unsustainable but then again it could run up higher. I like it though.
Buying xrp is not the same as buying shares in Ripple - they already have their own business arrangements involving real money with their backers. You think the venture capitalists exchanged their millions of dollars for xrp? The value of xrp has nothing to do with the value of Ripple as a payment system. xrp could be worth 1c per 100000xrp and Ripple would still work as a payment system. They are almost certainly going to release massive amounts of xrp to reduce the price of xrp to make entry into the ripple system as cheap as possible. No one will use Ripple if xrp becomes hard to obtain. They will throw xrp around like confetti. It's their financing model though so don't expect they won't charge for the rain of confetti. Plus the way to lower the barrier of entry already has been established: Lowering the XRP fees instead of flooding the market with additional ones.
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Although the recent bubble's volume is 10x higher, it diminishes from its peak in a manner very similar to that of bubble 1.
Also the gox api downtime coincides with the post "hack" shutdown period.
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Innovation - the nemesis of all pigish Bitcoin investors.
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Ripple has the potential to supersede Bitcoin and actually archive the thing Bitcoiners are dreaming.
The reason it is so widely attacked is the fear of Bitcoin investors to lose their profits. They only see XRP as some sort of Bitcoin alternative (well it's not but as for the investment part it might as well be) and then continue to bad-mouth the rest of Ripple.
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I think that Ripple is here to stay and it has a bright future. Though probably XRP is a bit overpriced currently, but they don't claim it to be a store of value anyway, they say it is just the means to prevent transaction spam, so its price doesn't really mean anything (I expect it to fluctuate a lot due to giveaways, media attention, technical problems, etc).
XRP is as "overpriced" as BTC was in early 2011 when it went to almost dollar parity. Personally I didn't invest in ripple and i heard about it right when it came out (sorry about that today) cause i didn't believe in it. I see it as a Hawala network gone digital.It doesn't grant the financial freedom bit coin does (i.e. protection from inflation, ease of movement without 3rd parties/payment system, decentralized) to me it looks like any other P2P payment system that already exists, except they claim anyone can become a gateway, they claim it will be open source, and they put it in pretty packaging right when bit coin proved itself, and somehow people confused ripple for a crypto-currency and not a payment processor. But if we look at the "scoreboard" I'm out of my mind cause it was a big mistake not to invest, so I'm gonna eat my hat like my dad did after bit coin made it and ask you why did you invest in ripple? why do you think its gonna work out? do you believe in the philosophy behind it? do you think its still gonna go up? I didn't invest in it, I just didn't sell my free XRP and I won't sell them at least till ripple comes out of beta. I think that once ripple is up and running XRP will be the first bitcoin alternative to exceed it in market capitalization. (It already does if you account for the XRP still hold by opencoin) If prices go below 1BTC/100k I will probably buy a bunch though.
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beanie babies have 0 utility and very little store of value or practical use.
Beats bitcoins tough. right.. i hope someone permenantly quotes you. you will be known as the crazy dude I already are stamped a payed troll, so I've got you beat.
are you allowed to disclose your backers?
It's people like ripetila which pay me - kinda. Irrational investors which make syphoning off money from price swings easy. I post mainly for the laughs though.
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beanie babies have 0 utility and very little store of value or practical use.
Beats bitcoins tough.
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my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Amway participants are all perfect future bitcoin investors imo.
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Well if molecular nanotechnology ever takes off at least this method becomes more affordable. :p
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This is like watching BattleBots.
What do you think is the ratio of bot to human trades?
1.618x human capital for every bot
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Thank you for all the coins. Rpietila has bought 2,500,000m BTC, left the trading desk, and will join the guests in his conference. Speaking of oneself in the third person is a bad sign indeed, my friend ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Oh, forgot to add: - I will always quote in minicoins (m BTC) from now on - I don't think we see $0.1 ever again - I can still write puts for $0.1, PM me - If you want to know, how much I made and how, it will be a workshop case study in my conference You are wedding limo driver and dont have any money so stop trolling. nah, would need driving license for that just joking ... he is what he appears to be, get over it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is funny enough.
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Bid wall at $105ish was as fake as the ask wall sitting at $108
LOL
what bid wall? or did it get pulled already ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) long gone
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That scenario assumes the US would default on the debt.
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Uh? If you engrave the key then of course you know it and you can record it!
Hence it being encrypted by the client first. The key on the diamond would be useless for anyone else. :-) There isn't much point to it then. I actually thought of a similar service using a cnc router but discarded the idea for that reason.
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Oh bear
That's what you wanted to say, isn't it? I am bullish on comedy gold though.
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Does Brügger even speak Finnish? It's nowhere near Danish.
I didn't realize, maybe it was just me hoping to get more out of this guy. He's my new favourite Bitcoiner you know ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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