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I see that bitcoin cash is rising dramatically topping Ripple volume.
why is it happening?
You have been duped. Segwit was never part of the original bitcoin so why are you spreading lies about it being the original one? Its a completely different coin and technology. |
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All you noobs... You do realize that Satoshi never envisioned segwit?
You do realize that Bitcoin cash IS much much closer to the original Bitcoin?
You talk about BTC being the original. That is just a lot of crap talk.
Current BTC is the alt coin.
Segwit is what enables centralization, the exact thing that was not supposed to happen.
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$22k
A couple of bank runs and we are there.
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That doesn't make them pyramid schemes.
At least people are incentivized to hold and not just trade the majority of the available supply.
Also, if you call masternodes pyramid schemes, what about Proof of Stake coins? They're even worse in terms of the rich gets richer while staking wallets also have much less use than masternodes.
This is not true in regards to PoS. Person X is staking 10 coins, person Y stakes 100, in other words 10 times more. After a year of staking, person Y will still be 10 times richer than person X. Nothing changes in regards to each others wealth. It just keeps status quo. |
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I don't care how technically superior it is, I don't care if the price rocketed. ETH has always been a project funded by banks secretly to make a Bitcoin that the banks could live with i.e. Unlimited supply, ability to make tokens or currency out of thin air, derivatives, track everyones money etc.
Well now you fuckwits just got out of your debt slavery from college and now have put the biggest slavery noose around the worlds neck you utter morons.
Bitcoin was to set the world free, ETH is to enslave us. Just remember when your kids are suffering and pulled into wars and death you were the generation that sold them down the river for your handful of beans. Now you pushed it enough the mainstream fools are now buying it. slow hand clap. Well fucking done Millennials.
90% of the traffic on ETH is ICO's, so I doubt your beloved millennials are to blame. This is what drives the price. ETH is a ICO machine more or less. |
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The supply has a fixed increase as we see.
I talk about the demand.
You do not see the demand in your chart no do you?
USD price of this supply blob not fixed, it grow with 1 coin price. 49.77% inflation will be permanent, with any crazy price. Where do you get 49% inflation? May 2016 80 mil May 2017 91 mil Thats like 13% inflation. I do not understand why you keep replaying and putting in numbers that do not have anything to do with anything. The price-increase on ETH is due to demand for ETH due to ICO's. Period. |
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ICO's use ETH.
In order to buy an ICO, you have to have ETH.
So you buy ETH, and because of demand, price goes up.
This is standard market economics. Supply and demand.
See it: https://etherscan.io/chart/ethersupplygrowthIm cannot see any using of ETH, can see only crazy inflation The supply has a fixed increase as we see. I talk about the demand. You do not see the demand in your chart no do you? |
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ICO's use ETH. In order to buy an ICO, you have to have ETH. So you buy ETH, and because of demand, price goes up. This is standard market economics. Supply and demand. |
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Due to the transaction of the bitcoin is getting increasingly painful specially for small transaction i think etherum have possibilty to surpass bitcoin at least untill this scaling issue is resolved. i'm not a big fan of the etherum but i must confess that transaction with etherum is simpler,faster and the fee are also cheap. In the other hand its smart contract capability it is usually the first platform that company go to.
Because The more people are realized about the future of ethereum. The scaling problem is the main problem that makes the rapid increase of ethereum demands and volume. Ethereum has scaling issues on its own. I guess you did not notice how ETH was shut down the other day, because of an ICO? ETH is simply an ICO machine. 90% of the traffic is just ICO, and 1% is Dapps. The price increase is due to need for ETH for ICO's. |
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Bitcoin and simular coins for payments, I understand.
But for other coins, I can see the why the technology is useful, but how do the coins/tokens benefit of this?
For example Ripple, I see the value of the technology, so assuming all banks at some stage will use them. How is XRP benefitting of this?
Another example Golem, understand the technology of a global super computer. But how will the GNT benefit of global usage? Am sure I am missing something, thanks a lot for helping me out!
Value and Price are two different things. 99% of altcoins have a price but no value. Nothing 'has' value. Value is given. Just like gold. We give it value because we have been thought to. It's just a shiny stone. We believe in value. We give bits of paper (which could be used to wipe the behind) the same value as we give shiny stones. The papers have no value. |
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BTC, LTC, PPC and doge are the only coins with long term hope.
How did you arrive at this conclusion? BTC, LTC and doge are very tech-sensible. One break-thru and the chains are crippled at best. We don't know anything about the tech we will have in 10 years, but PoW coins will be the ones to pop. Proof of work.. its the most short-term solution imaginable. |
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1) Do you think it would be bad for us if XRP was unarguably more decentralized than bitcoin? Isn't it clear that would be awesome for us? If not, what downside do you see?
2) Do you think our technology is incapable of being fully decentralized? If so, clearly explain why.
3) If it's in our interest for XRP to be more decentralized than bitcoin and our technology is capable of it, why do you think we wouldn't be aggressively pursuing it?
The only reason you're even talking about decentralization is because crypto investors here are calling you out on it... Show me where you talked about XRP being decentralised when you first launched the concept..when you first launched the concept you kept a whole load of the XRP to yourself...centralisation pure and simple. The questions your posing are mute points..its simply you changing your track because you've been called out. Your trying to cover it up by saying decentralisation is good Actions count more than words. Doesn't matter what mental gymnastics you want to play If you're not going to respond to my arguments, don't pretend to. Yes or no, do you think increasing decentralization is in Ripple's interest? Yes or no, do you think our technology is capable of operating in a decentralized configuration? "The questions your posing are mute points..its simply you changing your track because you've been called out. Your trying to cover it up by saying decentralisation is good" Do facts matter at all to you? Why is it so much more important to you what we say than what is actually true? Is decentralization good for us? Yes or no? Defend your answer. You cannot do so, so you change the subject. Why aren't you up in arms at the bitcoin community for allowing China to decide which transactions go in a block? Maybe they're not focusing on that problem because nobody is calling them out on it. If nobody's making it a big deal, maybe that's because it really isn't a big deal. Do you think the bitcoin community should make this problem a major focus right now just because I'm making a big deal about it? Or should they focus on the actual day-to-day issues their actual users are facing? So even if you're right, you're just accusing us of being sane and rational and not making something a priority when it actually isn't to real users. Once again, show me where in the original concept ripple talks about being decentralised...show me in the whitepaper. The whitepaper is the facts. If you aren't willing to respond to that, I conclude your guilty of covering your tracks. Funny how suddenly you become the savior of decentralisation when we're calling you out on it!! Haha
Everyone else take note - ripple has suddenly become the savior of decentralisation because we've called them out on it...lolYes..of course decentralisation is a good idea...a concept that you're now harping on about because we called you out on it You have changed your track and that is a good thing, but once again, show me where in the original XRP and ripple concept that you have decentralisation as your core concept...it's not there is it?? Show me the facts of what you originally wrote in the whitepaper "The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,[18][19] a web developer in Vancouver, British Columbia.[20] Fugger conceived of the idea after working on a local exchange trading system in Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own money. Fugger's first iteration of this system, RipplePay.com,[21] debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network.[20][22]" https://en.wikipedia.org/wiki/Ripple_(payment_protocol) |
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Hello dear fellows,
I'm an economist and I just want to give you a head up to sell all your coins before they get worthless.
Including Bitcoins.
Today there are over 750 cryptocoins in existence.
Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.
So, if anyone can create any amount of their own coins.
Guess what the value of that coin will be on the market?
0.
It's value is zero.
It's literally worth less than water or the air you're breathing.
Once people start to realize this, that the coins have no realistic valuation, each and every single one of every coin will be worth NADA. 0. ZERO. NOTHING.
Enjoy the ride while it last, and get out fast.
Regards
The coins represent technology that makes most bank-operations obsolete. How can that be worth zero? We have a need for money. The coins fulfill that desire. That is worth zero? The coins represent true money, that are not counterfeit-able. Regular fiat can be printed at will, which is the same as counterfeiting, except it an central authority that does it. Besides, in the regular banking system, banks can lend out 10 times more money than they have. Value is created from thin air. So I guess that is worth zero as well. But with crypto-coins, there are no bank-holidays, bailouts, bailins and counterfeiting. Good luck "economist". |
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Which coin has more potential, what do you think?
If you want a coin that can be broken at any time, due to some new technology that disrupts the mining process, you should go for LTC. |
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Mining is an stage apart from the ICO. Most digital currencies gets hold by the ICO launch. Only very few progress and mining of coins gets initiated. So it depends upon the developer team plan along with the funding provided for the respective project.
I think it is more like pre-mined coins that are sold through the ICO what he is talking about. Not mining in general. I don’t know how the coins who have too much pre-mine can get the transactions go through when/if the coins gets bigger, they don’t think it through. I mean you can pre-mine all you want and sell them on ICO but when there is no coin left to mine there is no miners fee which would make the transactions can take a lot longer. PoW makes a coin vulnerable to chips and new technologies, are unpredictable because of their dependency on unknown things coming in the future, and wastes money to electric companies. It's on its way out. |
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I do not think that Bitcoin and Altcoin will kill one another. I believe the one who will die a natural death is the altcoin that brings no purpose in the cryptocommunity. But those with legit projects and technology will eventually work harmoniously with one another. This will benefit both Bitcoin and altcoin community thus helping each other to stabilize and keep on progressing. more like vise versa
it's more likely that altoins will kill Bitcoin
Bitcoin's dominance is steadily decreasing
Care to elaborate, and please do not use the coinmarket cap, it is obvious that there is a huge discrepancy when it comes to calculation of the actual dominance. Brings no purpose? BTC is dying. You did not notice? BTC is slow, expensive and wasteful. Whats good about it? Transaction-fees are exploding with 1200% a year, it consumes electricity for several million dollars a day (for not much good reason), and is slow. You think people want to put up with that, just so their money have a fancy name? really? |
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ripple has been around for many many years and has done absolutely nothing all these years. and then all of a sudden after all these years, the price magically rises and that is not a small rise, it is nearly a 6000% rise and when it reaches the limits of pump-ability there are lots of brand new accounts appearing on bitcointalk to tell us how good ripple is.  " Consider this if you think XRP has an over inflated market cap: the global foreign exchange market does $5.7 trillion per day in fiat transactions. The size of XRP today, despite its tremendous growth, amounts to a “rounding error” in the scope of its market potential. XRP’s current growth is big, but it’s not even a 100th of what it can become. Ripple is solving a gargantuan real-world problem that is slow and expensive cross-border transfers of money. Speed, or lack of it, is one of the greatest enemies of innovation and business. If Ripple can deliver on its promise of reducing an international wire from 4 days to 4 seconds, the world will change and innovation will move more rapidly than ever before in history. And it’s already delivering. " http://www.huffingtonpost.com/entry/ripple-and-xrp-are-more-stable-than-you-think_us_591cb3bee4b0b28a33f62915 |
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With LTC, you invest in a coin that has a totally unknown future.
With mining, there can be a technological breakthrough, and it will affect the coin. It can be a chip, it can be a memory, you don't know, but it can be crippled at any moment.
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So wait, someone's calling the second largest coin a fraud? I'm not that much into alt-coin story but even I know that it can hardly be a fraud.
For all we know, Ripple could be the original. It was started 2004/2005. https://en.wikipedia.org/wiki/Ripple_(payment_protocol) "The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,[18][19] a web developer in Vancouver, British Columbia.[20] Fugger conceived of the idea after working on a local exchange trading system in Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own money. Fugger's first iteration of this system, RipplePay.com,[21] debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network." This is exactly what people misunderstand. Ripple won't distribute XRP thru its clients but will help organizations to transact easily with a token of their own. Why would an organization use a token like XRP that is centralized at an external corporation ? I'm yet to get a convincing answer about that. You can remove ripple the corporation, and XRP will work as usual. I do not see your points. |
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So wait, someone's calling the second largest coin a fraud? I'm not that much into alt-coin story but even I know that it can hardly be a fraud.
For all we know, Ripple could be the original. It was started 2004/2005. https://en.wikipedia.org/wiki/Ripple_(payment_protocol) "The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,[18][19] a web developer in Vancouver, British Columbia.[20] Fugger conceived of the idea after working on a local exchange trading system in Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own money. Fugger's first iteration of this system, RipplePay.com,[21] debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network." |
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