I was under the impression that this label "Anarcho-Capitalist" applied to me. If that is infact not the case i would be interested in learning why. Would you be so kind as to explain your position with a bit more detail?
I don't know, I am not really familiar with your views. To elaborate: Libertarianism puts the concept of ownership and contracts under the hood of "freedoms" which is inherently flawed. The crux of the matter is that both are subject to power and the use of force, and they cannot exist with out it. Anarchism threats this in an agnostic way while Libertarians are dependent to take them for granted or their ideology falls apart. |
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. It's always been the freedom-fighters and paradigm-shifting philosphers that have led the revolutions and evolution of every new social system. In fact, they are the ones that pay the highest price to defend humanity against itself. It's your politicians and economists that shy away from progress and lead toward austerity and a more Modest Proposal. Those freedom fighters didn't hoard tokens to inherit their decedents for them to become the new elite. Are you saying that politicians don't hoard money for their progeny? Are you saying they are freedom fighters? |
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That's easy, it happened with every alternate cryptocurrecny in history.
Essentially it's a shakeout, people who got lots of them are dumping to pick up more of them before the pump. XRP started at 1BTC/50K. But they have the potential to go up further than any coin since they are truly deflationary, are useful and professionaly implemented.
If you were surprised by the course LTC has taken just watch what will happen to XRP.
Useful for the IOU system, this always sounded to me like a banks idea of a Bitcoin competitor. I am not convinced that XRPs are useful if their only use to extend IOUs. Sounds like the beginning of a unstable monetary system. And at the moment there is no implementation, its all still sitting on a closed source server somewhere. I'm still surprised about the amount of people loving Ripple, I am sure there are a lot of paid accounts here. ElectricMucus, do you have only 50,000 XRP? Are you not associated with the Ripple project at all? Why should I? No I'm not associated with them. Yes I only have my own 50K XRP, I have not bought any, there just isn't enough information available to start trading it. The reason why I think ripple will succeed is simply the greed of this community. XRP is much more suited for the whole pump & dump mentality than BTC or any other coin. "Premine" or not they all got pumped at some point. The difference here though is, that XRP can be actually used for something else than trading XRP, it can be used to trade everything else too. That makes it inherently more valuable despite the fact that it is centrally controlled. |
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Satoshi controls 99.99% of the currency units and 100% of the participating nodes? Let's be honest. There are many current risks to holding XRP that do not exist with BTC.
He did so at the beginning. OK bud, the only relevant measure is % of total potential currency units. XRP, as it stands right now, is the equivalent of Linden dollars. Everything that could make it analogous to BTC, is dependent on OpenCoin open-sourcing. You're assuming they will because you've deduced that the incentives align in that manner. However, until they actually open-source... Linden dollars. And even then, the % control of all currency units makes them effectively a central bank for the foreseeable future. Noted. But if Opencoin becomes as big as Lindenlab I think XRP will outperform any other virtual asset. |
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Some bulls do not draw any charts. Some bulls just know that we have exponentially rising adoption in progress and that the price is directly proportional to number of people involved in the Bitcoin Economy.
Whether it rises 200% or 1000% a year is not making such a huge difference. The destination is the same it is only changing time required to get there.
P.S. Ohh, an so far, it closer to 1000% per year than to 200%.
Well ultimately there can be only one of two outcomes: A sigmoid curve or a bell shaped one. |
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All is well besides that all of your lines are wrong (drawn from an arbitrary starting point which is not really useful). So all of your conclusions are wrong, as well.
My conclusion is that every exponential trend line gets broken how is that wrong? Draw some lines through bottoms, then you will see some clearer pictures. Your "current trendline" chart is more or less correct, except that you should consider periods with any trading volume, for example it would make sense to start at Jan 11. Do it yourself and post it here. I'm not sure what you are asking me to do, I get the feeling that drawing them differently will have even more stunning results. Trading before that was between about two people.
How do you know? Were you one of them? |
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Satoshi controls 99.99% of the currency units and 100% of the participating nodes? Let's be honest. There are many current risks to holding XRP that do not exist with BTC.
He did so at the beginning. |
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. It's always been the freedom-fighters and paradigm-shifting philosphers that have led the revolutions and evolution of every new social system. In fact, they are the ones that pay the highest price to defend humanity against itself. It's your politicians and economists that shy away from progress and lead toward austerity and a more Modest Proposal. Those freedom fighters didn't hoard tokens to inherit their decedents for them to become the new elite. |
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This was always going to happen because they've gone on record saying they plan to give more of their 80 billion XRP away.
People buying Ripples now aren't very smart, there is a huge supply of them still to be dumped onto the market by the creators and we all know how increased supply affects the price.
Exactly, your 'investment' is 100% fully controlled by the discretionary release rate of OpenCoin and the founders. There is no way to predict how much supply exists at any given point except in the very long-term. Not exactly. They are limited to a total amount and can't change that without ripping their own system apart. At this point it might be possible to override it since there isn't any network yet but doing so would undermine their own effort. The thing about it being controlled by opencoin: Deal with it. This isn't a not-for-profit venture and it is completely justified from that perspective. Hence, why I said supply was unpredictable EXCEPT in the very long-term. And even now, since it is closed-source, that is debatable. And I never made any judgment on their motive as a for-profit, but simply the silliness of purchasing XRP as an investment right now. Deal with it. Not any more silly than purchasing BTC, it's the same mechanism if satoshi or artforz decides to cash out it will have the exact same result as opencoin doing so. I'll be keeping my 50k XRP. |
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Geeze. Those bastards even hijacked Satoshi! Devious, these freedom lovers, I tell ya.
More likely you freedom lovers are choosing your own plutocrat. |
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. |
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
Right. Hijacked. "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" [Bitcoin is] very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though. Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own. Ok maybe it was Bitcoin which hijacked libertarianism.  I mean there is a certain appeal of Anarchism and Cyberpunk for Libertarians out there, but that doesn't make it the same thing. (Even if you guys to claim you are Anarcho-Capitalists you are not) |
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This was always going to happen because they've gone on record saying they plan to give more of their 80 billion XRP away.
People buying Ripples now aren't very smart, there is a huge supply of them still to be dumped onto the market by the creators and we all know how increased supply affects the price.
Exactly, your 'investment' is 100% fully controlled by the discretionary release rate of OpenCoin and the founders. There is no way to predict how much supply exists at any given point except in the very long-term. Not exactly. They are limited to a total amount and can't change that without ripping their own system apart. At this point it might be possible to override it since there isn't any network yet but doing so would undermine their own effort. The thing about it being controlled by opencoin: Deal with it. This isn't a not-for-profit venture and it is completely justified from that perspective. |
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
That word has become meaningless in today's Jerry Springer world. This post-modern patriot plutocracy needs a new technology, flawed or not. That's why the first non- experimental cryptocurrency which comes after Bitcoin has the greatest potential for long term success. Essentially Bitcoin aims for the same kind of plutocracy we had in the past, that's why it will ultimately become irrelevant. That word has become meaningless in today's quantum-relativistic pot-smoking Sagan-worshipping, post-modern neo-scientism world. Everything is an experiment. Nothing is black and white, right and wrong like they used to be in the good old days. One day people will look back at how good we had it with Bitcoin and troll the message boards about it. Not in reality. The academic societies of Economics, Computer Science and Mathematics don't really care about our sub-culture here. And the one where it comes to Business and Politics cares even less. |
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
That word has become meaningless in today's Jerry Springer world. This post-modern patriot plutocracy needs a new technology, flawed or not. That's why the first non-experimental cryptocurrency which comes after Bitcoin has the greatest potential for long term success. Essentially Bitcoin aims for the same kind of plutocracy we had in the past, that's why it will ultimately become irrelevant. |
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Here is how the current exponential trend looks on the all time chart.  |
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I like how the bulls use to draw their cute charts of how Bitcoin is going up, uP and UP on a logarithmic chart. The cute thing about it is that once they are posted that historically means they are going to be broken below that point. I've made this small collection to demonstrate.  From top to bottom these are past exponential trends and how they got broken on the chart below it. So we have got a new exponential trendline again will it be broken? Take a guess.... |
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This thread has so much potential for.... FML, I can't wait...  |
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In retrospect is tells you who the real clowns are.
Yeah I was thinking the same. Which one of the BFL fanboys created this pic? I can't remember. I think it was in the huge tread which was junked afterwards, the pic got deleted even before that though. Luckily I saved it before that for future prosperity. Maybe we shall create another version featuring the BFL crew themselves?  |
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