After FINCEN fined Ripple Labs and is telling them what to do with Ripple... Ripple as a protocol is gone. It is Paypal 2.0. Sell.
Ridiculous comparison. Ripple are compliant and are focused 100% on fitting into existing legal systems and regulatory environments. Bitcoin operators must be looking at FinCEN and get very scared at the consequences of new laws and regulatory muscle flexing. This is only the beginning. Anyway, Ripple Labs isn't interested in explaining to people like you (Bitcoin zealots) how Ripple's technology works, what Ripple Labs are doing and what's coming down the tracks. In fact, they aren't interested in polluting their ecosystem with Bitcoin zealots because they've seen what has happened to the Bitcoin community and don't want to repeat the same mistakes. Go have your own anonymous, decentralized, untraceable fantasy world built on 2008 technology; but nobody is going to participate in this anarchist hippie commune Utopia because guess what? Nobody wants to!So ask yourself this, how come you're on anarchist-hippie-commune-Utuopia-talk.org rather than forum.ripple.com? I agree that Ripple Labs isn't interested in gaining traction with Bitcoiners, so why are you bothering to argue it out here? Oh, because Bitcoin has 50X the volume, users and interest. I've got accounts on both, hold a bit of XRP even. What I don't do is bother crapping on Ripple and expounding on the merits of decentralized Bitcoin all over those forums. I'm sure people would find it annoying and I would be wasting my breath. A bit of XRP.... what like 55 of them?  |
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Uh oh......bitcointalk is advising to sell XRP. You know what happens next.
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Ripple is PayPal V.1.5, maybe 2.0, if you're generous. It's centrally controlled and subject to inflation.
Investing in Ripple is like betting on a one-legged horse, ridden by a blind jockey suffering from class III+ obesity. But WU is way too much attached to the old world, so they can't see the coming revolution.
The days of fiat-based conversion/remittance companies are counted, because Bitcoin renders their services obsolete. All they can do is trying to become a bit more efficient to stretch the time span before their demise, but in the end they can't compete with the Bitcoin, because Bitcoin doesn't need corporate overhead to function.
ya.ya.yo!
Did you say the Ripple network is subject to inflation or did you mean XRP? I wouldn't say Ripple Labs is competing with bitcoin. Seems like bitcoin geeks from 2010-2011 used their great experience of bitcoin to create their own ledger system that can be compliant and create prosperity across the world. Let's just expose this for what it is... WU have to decrease fee's to compete with Bitcoin... their current business model does not allow room for that. They will ride the Ripple train to decrease fee's, or to put more $$$ in their pockets. Once people see through this and just use Bitcoin for remittance, they will never look back at WU. WU dug their own grave, when they fuxed over their customers with HIGH fees....and this will be what they will be remembered for.  Once people see through this? How long will you be stuck here saying that? 20 years? So your saying Western Union is on the verge of bankruptcy? I have a friend who works for WU - though not in America. He tells me WU is a slow-moving company, not half as tech-savvy as one might think. I think 'tight-lipped' in this case probably means nothing at all.
I bet most WU offices are like this. How good can Ripple Labs sell it? |
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Ripple Labs just announced a partnership with western union.
Goodluck
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any great coin to invest?which coin will go up in value?
Value? I'll take a stab, I think XRP will have a good 4/20. |
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Every ripple thread here is hilarious.
A guess of those released 32billion XRP's:
9 Billion to Jed (Probably has 6 Billion left) locked up
7 Billion to Chris' foundation going to the underbanked
3 Billion to Arthur locked up
13 Billion to banks, businesses, employees and buyers on the market.
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its hard to reach consensus on some technical detail like block size limit, you think all the miners/devs are going to agree to fuck with the inflation rate and kill bitcoin as we know it...
The miners have nothing to gain by increasing the block size limit. On the other hand, if they succeeded in delaying the next halving by 2 years, at the current BTC price, they would get about 320 million dollars extra revenue. The last reward halving (on 20111-11-11) did not have any visible effect on price. The price kept rising gradually from the recent low of ~10 to ~13, and lingered there until 2013-01-06, when the first 2013 rally started. Thus, a postponement of the 2016 halving, by itself, would probably have little effect on the price -- unless the purists go around spreading their FUD and causing the chickens to scramble out in panic... You speak in what if's with little knowledge of the subject or that mater what "miners" want. No alts for starters... A larger block size would solve transaction limits as was the original intent.  It would be easier to reach a consensus on some technical detail with a protocol that didn't get taken over by a certain few too fast and so early on old API technology. It seemed like satoshi knew from the start there was a chance of this happening but not as early as it did. If there were enough people using this network, is there a chance they would have a word on the consensus process comparable to banks? https://rippletest.net/ |
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Interesting tweet here: https://twitter.com/JDratel/status/582636014872723456Major Silk Road govt corruption scandal revelation today that we've had to sit on for four months and were not permitted to use at trial. And very interesting replies: jlaw @jlaw101 56m56 minutes ago @texteditorSA @ClausHoumann @JDratel @valdesjo77 Carl Force was heavily involved in the investigation.0 retweets 0 favorites jlaw @jlaw101 56m56 minutes ago @texteditorSA @ClausHoumann @JDratel @valdesjo77 " The DEA official, Carl Force, was "the lead undercover agent in communication" with DPR"0 retweets 0 favorites Sam Braverman @SamBraverman 38m38 minutes ago @JDratel I would say I'm stunned, but nothing stuns me about these prosecutions. The more they want you, the more they'll do to get you. 0 retweets 0 favorites Anonymous @AnonyOps 28m28 minutes ago .@JDratel Surely this info was extremely relevant to the trial, since it speaks directly to the trustworthiness of DEA testimony. #SilkRoad IAS I'm calling it now. Ross gets 2-4 years with probation after this all settles a while from now. |
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looking very unstable after that dump. probably seeing the 270's within the next few hours
What asset is going to be moving on up in the next 24 hours while bitcoin goes to 273? Any guesses? |
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is crypto done??   I think this is it. good luck. |
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I'd say the equivalent in BTC of $5-10M.
1000 BTC as of today is a whale. But one day it will be 10,000 BTC... |
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dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?
People have already dismissed both rumors, but: The "China" rumor comes from this interview with a Chinese lawyer, published Feb/27: https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-cryptoWhat is the legal landscape like in China regarding DACs and cryptocurrencies?
The legal landscape is still vague in China, just like in any other jurisdiction. However, China’s regulatory environment in this area is generally much more relaxed than that of the US. In my view, China is one of the most suitable jurisdictions around the world where entrepreneurs can experiment on many pioneering business models in relation to DACs and cryptocurrencies, while most of them are clearly or implicitly banned in the US. The government in China is generally tolerant, so long as your business is not designed as a fraudulent scheme. Among others, Bitcoin and like cryptocurrencies have been officially recognized as lawful virtual commodities and are therefore OK to trade, which explains why there are so many exchanges in China where spots and even futures and other derivatives are traded. The only restriction imposed here is to block financial institutions and third-party payment processors from aiding cryptocurrency businesses (yet there are still many loopholes in reality to circumvent or even penetrate that restriction). And for cryptocoin crowdfunding or crowd sales, it is even restriction free in China. That means the initiators usually don’t have to worry about facing the charge of “illegal securities issuance,” as they are likely to suffer in the US. He is just describing the situation that has existed and been widely known since the PBoC decrees of Jan/ 2014, and was confirmed and reaffirmed many times since. The "auction bids at 30% above market" seems to have originated from this tweet. Subsequent tweets of that user suggest that it may have been just a joke or misunderstanding. The USMS does not reveal the winning prices, and AFAIK no winner has yet volunteered that information. (The USMS informed that there were 14 distinct bidders this time against 11 of the second auction; perhaps that was the "30%" increase.) On the contrary, Tim Draper (who did not bid) said that probably auctions are bargain buys. That may be a hint that he got his coins below market on the two previous occasions. At the first auction, Tim Draper collected ~30'000 BTC that he said would be used to "provide liquidity for" (i.e. "sell at") the Vaurum fund/exchange that he has invested in. At the second auction he got 2000 BTC that (IIRC) he planned to split among various bitcoin startups that would be incubated by Boost, his son's venture. Yep, its obvious that noone will buy from auction above market while its in the bear mode, Draper became one of the largest bagholders and simply has a butthurt, warning people about the agenda behind those auctions. BTC is going to retest sub 200$ this month, because btc market owners what the final shake off before they will allow market to have a solid and stable upward movement for their OWN sake due to huge stashes they have. They just wanna be a new financial elite (sort of wallstreet douches). What asset will the smart money go to while we retest $200? |
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ripple will go to zero. dead.
yes sir I still think the concept of Ripple isn't dead, yet the centralised part needs to be figured out in a decentralized way  Ripple as a social credit system is great. Ripple as a centralized system is not so great. Hopefully, NXT's planned social credit system will accomplish this. NXT is even worse then XPY in my opinion Agree Isn't this everyone's opinion? |
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I think it would make sense for a game to create its own crypto or IOU. Instead of these worthless XP points, they actually make a coin of value to buy anything related to that game.
It would be something to see if Microsoft implemented a real limited coin like BTC instead of xbox points.
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So! i was just thinking about how i got in crypto's , it wasn't interesting , and my google interest gave way to crypto's world slowly. But am sure, there are people out there with interesting stories and i would love to hear them please This is a great thread. Someone at work was talking about the Silk Road in October 2013. My weed sources were very dry at that time. I went home and read about the Silk Road that night. I learned I had to buy bitcoin. So I went and saw the price at like $300, I said damn hold on a minute before I get scammed. I looked again the next day and it was like $330. It was like a first HIGH. I said forget about the weed, I want to trade BTC. And here we are today. |
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When you start mentioning others publicly in a negative way.... you're in trouble. MySpace was way too far ahead of Facebook, Twitter, Instagram and etc. They must be failures with hardly any users today. |
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