"real money" is less real than BTC.

"real money" can be rigged, by devaluation, un just laws, legislation, fraud, bad tax regimes, seizure, haircuts, faces capital controls.

BTC cannot.

ok so it apears  the are seeling in bundles of Miota on ydx slack....

OK I think there are 2 opposite things happening now.

btc is way undervalued for where it should be circa 10K. This is a catch up

Within that catch up there will be several corrections.

Can some one do this?

They look kinda similar

I found

http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/ and
http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

OK

A few things I don't get / want to confirm about IOTA

[1] 2,779,530,283,277,760 the cap of IOTA's = 3E+15
[2] Current rate of say 50 / 1E+6 mBits for one iota gives

3E+15 * 50/1E+6 = 1.5E+11 BTC market cap, there are only 2E+7 BTC to be made. So what am i calculating wrong here I was going fo rthe order book in slack.

this does not look right....so am I missing an emmision rate or something as the market cam is $250M

[3] I nxt purchased 1E+9 IOTA, (giving 3M worth of nxt market cap at ico launch

[4] Is the tech in iota that much different to pivix or byteball?

[5] By haveing so many [2,779,530,283,277,760] iota is this a way of getting it big quick on coin market cap because almost any value will give it a huge market cap that will self reinforce...sort of like an advertising strategy

[6] How do you withdraw iota purchased in slack, on one hand someone in there said you could not because of some wallet issue, but i s in this thread people are operating wallets

[7] How does the guy running slack channel have that many iota, just by setting up this quasi exchange?

BU vs segwit argument is still going but no one remembers why....

i dont see why core can't compromise to 2mb + segwit and some road map to allow bigger blocks.

You need increasing on chain transaction to incentivize miners via fees, and also some capacity in LN tranasactions.

It is suspicious that core seems to not agree to this. Particually as LTC seems to have agreed to it

Invalid, in all material respects for the testing of the case of segwit or not [false non equivalence]
[/quote]


No it does not scale that way, individual actors are free to join and update.

The words perfect were not uses, rather that the LTC network was fine. Also Exchanges are not the LTC network.

This is not a valid argument you cannot not know unkown actors motivations

consensus to upgrade is not equal to centralized. Also your confusing runing a version of software on a network rather than the decision to do so

well it new what do you expect? BTC in 2009 was new as well who was using it then?



not valid to make until ex post facto.


So I am interested in actual arguments but these were not.

Would be interested to hear about this, I mean LTC is going just fine right?

Ok I have to say nem is pretty good.

LTC had a purported very fair ICO and now has segwit tech plus alot of spare capcity, proven support, and its seems it can get its dev together.

what news on monday?

One thing I have to admit about Doge is the fees are so low, and the chain still secure....it can actually  be used for tipping and buy my coffee etc.


I.e.

I don't have to care much when sending some doge

As I sit [ex]-trained, another day going to wherever, I look around and realize no one in this carriage, or likely even this train has BTC [crypto] or even understand the scope and implications:

They are all too busy often times on pointless make work, in pursuit of money, that is all so important, as it must be, buying them food, shelter, power. Their minds glazed over by x billionaire luminary latest pronouncement, the next facile facebook post, some earworm of so called music, comforted by the next bizzare sjw virtue signal that assures them they are on the broad path looking around and seeing everyone else. "My body is mine don't touch me", while the state lays claim to your blood.

Little realizing their mamon, is rapidly being inflated, fiats utility delinks from its face value, evermore driven by a 1000 paper cuts of inefficiency,  political avarice, ineptitude, false economics, lies, quantitative easing essentially higher all higher en-tropic events than the alternative

They do wonder why everything is getting more expensive when inflation is so low and wages stagnant. They are dimly aware banks were not allowed to fail.

The invisible chains tightening as they go, around their throat their hand their spirit, their will, the neo-slave, that commutes hours to their masters house.

It takes almost an epiphany to understand the implications of BTC. Thanks to (non) education by omission.  

Large swathes of government, finance, certifaction raison d'être abolished. The corporation diminished, Ad hoc nimble,fluid, large d-corps the new.

I looks at the temples too money littering out cities, I see their value being siphoned out every second.

Now I have a trust genie I can make trust without trust.

We have our problems, but we have a 10,000 alts at our back.

Despite the crudeness of the market cap measure, it does provide a quick yard stick that people accept as a quasi defacto measure of market importance.

The I posit correct marker is the trend, and this trend has been clear and only one way. The BU/CORE has hastened this.

Ok due to needing to be on the Unique Node List, and the well arbitrary nature of how you end up on it, or not means ripple is not free to join.

It them seems reasonable to say ripple is not a crypto as you are not free to join, despite the fact that you need a lot of Hash power to join say btc or a good stake to be a node in DSH, or be worth while in say other pos coins, you can still join at will which brings in mroe or less free market forces as the market players can enter at will.

The implications as the to ultimate utility of ripple, seems to be a half way house to a BTC or other more decentralized actual cryptos that any one can actually join.

I'm not saying XRP is evil or bad, just that it's place may be good in the medium term but does not seem to be a longer term solution as it is open to political manipulation.

For example concerted action say by us and eu legal order could force on or off certain UNL's from the network without user knowledge.

I would be interested in anyone input in if you can run modified code on a UNL that will give back fake info about your XRP or otherwise lock it up.

I have tried to make contact to get an invite to the exchange but no one has replied

For me the issue with ripple is how do you get accepted on enough UNL's to matter.

this is the differentiation for BTC or POS to some extent as you are free to participate in the processing side. Though haveing enough hash or coins to matter is the issue, you are still free, which means market players can come a leave as they are able or wish

However for Ripple, others have to decide to include your server on their UNL list...this is opaque...at best

Its geared for exactly one thing, backbone currency, super high value transfer.

that's where the money / value is

As the whole crypto market goes up I can see nem $1~$2.

In fact as things stand now I could see mem go to 50c and then $1, it looks like it wants to do the $1

Nem has actually real world use, and fortunately is based to some extent japan that has just legalized BTC afaik.

Nem could be a hedge agianst falling POW coins LTC and BTC, and an alternative to ETH and of course ripple.

It seems to have fallen out in to POW, Turing complete and POS/NEM.

I personally still believe PPC could go to x billion and is the one to watch. At some point some bank is going to catch on to the utility of PPC and off it goes. PPC is the banking replacement coin.

Having said that NEM may be able to do that as well, though PPC actually promotes a thin chain