3.7 million would be a 1/3rd of circulating supply. That sounds too high. In a blog post, Coinbase announced it would not be adding any new tokens to its exchange, putting to rest rumors that XRP was a candidate for listing. Hopefully this helps. They probably were going to add it but decided not to get smashed again for insider trading.
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Bcash is down to 0.15 on BFX. I wonder whether Roger and Jihan have decided to cash out for now.
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Well just woke up and have seen that there is a small dip on ripple and bitcoin is back at 15k. I hope this madness is now over and btc is about to extend its gains.... massively
My base line is that we are still under attack until we get through this weekend and see huge green candles on badger next week. now looks like it is going back up, so maybe you're right. I think the Ripple whales are just shaking out the traders’ stop losses. I tried that game a couple times with my trading account and decided it was not for me.
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Well just woke up and have seen that there is a small dip on ripple and bitcoin is back at 15k. I hope this madness is now over and btc is about to extend its gains.... massively
My base line is that we are still under attack until we get through this weekend and see huge green candles on badger next week.
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I did wonder whether that 600 coin dump 12 hours ago was the peak of the attack. I think far too early to call it over.
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Ripple has failed every bank pilot and they have done dozens of them. Ripple is in the process of being failed out of the Santander bank pilot. No one in the banking world uses it all. Ripple Labs holds 60 billion “non-circulating” tokens which are not counted against the 30 billion currently circulating. Ripple Labs could permanently crush the price instantly with the wave of a wand. Stellar is just a fork of Ripple and wholly centralized.
Meanwhile the price rise of Ethereum is destroying its capability to act as the Ethereum Virtual Machine. You think transaction fees are bad on Bitcoin ? I can assure you that gas costs would destroy any business which is attempted to be built using an ERC-20 token, including Tron which is #10 in market cap. The only reason these tokens are not affected is because they don’t have businesses - they are
Until someone can show me a coin that is not a complete turd, then I am going to have to assume that the current run up is nothing more than a series of coordinated whale pumps. Which is lovely and all.
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An IOU is an acknowledgment of an extrinsic debt. That’s a completely separate concept from a token which has its own intrinsic worth (or lack thereof). In this sense bitcoin is a token no different from a seashell (a virtual sea shell).
There’s no such thing as a contract without a counterparty. There might be an offer open to the public, but it is not a contract until concluded by the parties.
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Bitcoin is not an IOU. No one owes you anything.
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If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.
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In 7 days the crypto market has gone from $500 billion to $750 billion. That’s a market wide blow off top.
Edit: There has to be a market wide crash. I just don’t know if it will take BTC with it. You would have to think it will.
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btc will surely get tested in 2018, lotts of good alts
Name one other than Eth, Monero or maybe ZEC. Tether? Lol
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Thanks for the referral to Byteball. I am interested in the concept of DAG even if current implementations are crap.
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I have looked at ZEC before. The main thing that held me back is that it is still very early in its mining cycle - only something like 15% mined. Monero is comparatively much more mature. And of course the questions around it’s ability to be unlocked. But you make good points.
Tron making top 10 off the back of a McAfee tweet is particularly sad.
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The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious. The rest is shit. Happy to hear contrary opinions.
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Anyone miss when it was bcash and not ripple?
Not really.
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Ripple is currently being failed out of the Santander pilot.
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So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.
What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?
Good point Bankers don’t know what Ripple is. None of them use it. so the Bankster coin talk is simply FUD from BTC shills? Ripple has been doing pilots since 2014. It has failed every single one. Ripple is not used in production by a single bank.
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So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.
What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?
Good point Bankers don’t know what Ripple is. None of them use it.
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Crypto market cap supposedly 750 billion. It will be 1 trillion within a couple of days.
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