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Bitcoin* has a real potential to change the world.
Yeah, to make it shitty, with the pollution from the miners. PoW is failed. It has led to centralization of the power where the electricity is cheapest, and to chip manufacturers. |
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If you hate to pay $0.50 worth of BTC then stop sending low amount transaction. Bitcoin is very good for sending huge amount because of very low fee.
Sure, but theres also the delay, which creates FUD, so it is not very good. |
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Ripple XRP is a complete fraud GET OUT!
DO NOT INVEST IN XRP
Only insecure people tell others what to do. Its called controlling behavior. |
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1. I showed you a paper from 2017, and you're showing me something from 2015. 2. Your link doesn't prove anything anyway. To summarize your link, they hope XRP would become the middle currency between any other two currencies, because they hold 60billion of them. 3. Ripple doesn't need an intermediary currency to work anyway, as a platform, it is stated on their site https://ripple.com/xrp-portal/ , quote "While XRP is not required to transact on Ripple*" And most important: -XRP is released by a private company, so it's worse than being released by a central bank, atleast you know they are extremely well regulated. -XRP is not decentralised and open. It is hosted by ripple and they control the code. "The entire Ripple Consensus Ledger is open source. You can submit pull requests, set up your own a stock server or even set up your own validating node to participate in the consensus process. Their codeis in their GitHub." https://www.reddit.com/r/Ripple/comments/62kysf/how_much_of_ripple_is_open_source/ |
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Alt coin basically is the same with bitcoin all of them are digital currency, the differences is the coin offered a different features, like cheaper transaction fee and more anonymous an etc, but most of the alt coin being created is because the developer want to try to be rich with the coin that they created
So what is the purpose of us to use altcoin? Is it safe to join any signature campaign based on altcoins? The bitcoin network is using something like $6 mil a day in electricity, mainly due to mining. Thats value drained from the network users every day. There are alt coins that are order of magnitude more efficient. Many alt coins are also magnitude faster to do transactions on. Also, considering that bitcoin has the highest transaction fees, and the whole purpose of an currency is to be exchanged, one might ask instead, why use bitcoin? |
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where i can buy ripple.:_?
see on coinmarketcap there are exchange listed The price of Ripple seem to be skyrocking...but my instinct have never TRUST ripple, because of its centralization and the chances of it being manipulated...what do you think guys?
.. the price is increasing because they can artificially increase the supply.. If they increase supply, you have inflation. The coin becomes less valuable. This is economics 101. |
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By owning XRP you dont own a share in company that is ripple.You need to understand the difference and read as much as possible and available information of coin you are investing.
You are having it backwards. If they use value to improve the block-chain, it is a good thing for someone holding and potentially using the blockchain.
They hold a lot of XRP. "if their coin value goes down their value as a whole should go down" is simply false.
If XRP goes down, so does their wealth.
If XRP breaks, there is not much left for them. What value does a company with a broken tech have ?
Ripple does not depend on their coin. Then what do they depend on? unicorns? magic fairy dust? Please do tell us |
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By owning XRP you dont own a share in company that is ripple.You need to understand the difference and read as much as possible and available information of coin you are investing.
You are having it backwards. If they use value to improve the block-chain, it is a good thing for someone holding and potentially using the blockchain.
They hold a lot of XRP. "if their coin value goes down their value as a whole should go down" is simply false.
If XRP goes down, so does their wealth.
If XRP breaks, there is not much left for them. What value does a company with a broken tech have ?
They can still be successful without their coin, my goodness your so dumb sorry excuse me for that comment. If ETH coin goes to shit they fail if BTC goes to shit they fail if XRP goes to shit no problem Ripple keeps rolling while they say "thanks for the money". You need to understand you are investing in a company which is using your money to support their own investment which you have no share of. XRP hype is being caused because people see the banks signing with Ripple but they don't realize it is Ripples' blockchain getting success which they have no share of. ETH depends on its coin, BTC depends on its coin, Ripple does not depend on their coin. You understand this? You want to invest in a company where your success does not depend on their success? If every bank in the world signed up with Ripple but decided to not use their XRP coin you would not get a single dollar even though you helped build the company from the ground up. Do you understand this? You seem to be new to market dynamics. If ripple do not have XRP, which they have been developing since 2005, what value do they have ? What will the company be worth if their tech is void? They hold the most XRP, so they will take the fall the hardest. Is it so hard to understand? |
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Do you see an increase of 1200% per year in transaction costs on the XRP ?
Does it burn 6 million dollars a day in electricity?
Are people amused of waiting for a transfer?
BTC can't be used to still peoples need for crypto transactions. A different blockchain will take over. A chain that can handle transactions and do it fast and cheap.
Actually I still do not understand what you are talking about. If you want to invest in shares in a company, you are in the wrong place.
Please explain what you mean by 'I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and I very likely may get screwed while they get successful.'
What I mean is if their coin value goes down their value as a whole should go down. Ripple is two separate entities XRP/Ripple, yet they use all of XRP investors money to improve their Ripple block-chain technology which XRP investors have no share of, it's crazy clever to be honest and was structured in this manner by the founders. There is no other coin that I know of where it can be a complete fail while the company is successful. You are having it backwards. If they use value to improve the block-chain, it is a good thing for someone holding and potentially using the blockchain. They hold a lot of XRP. "if their coin value goes down their value as a whole should go down" is simply false. If XRP goes down, so does their wealth. If XRP breaks, there is not much left for them. What value does a company with a broken tech have ? |
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After this realization I had to give up on Ripple completely, I sold my shares and am out of Ripple, I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and I very likely may get screwed while they get successful. Open your eyes if you're investing in them.... you are investing in their XRP not Ripple as their employee quickly pointed out to me on twitter. Even regarding their block-chain technology big competitors are coming on the scene soon. The main point though is I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and take all the risk. Why can a company I invest in be successful without me being successful as well, how is that even a possiblity!?! I'm out this is a complete scam and fraud it was obviously knowingly created that way.
DO NOT INVEST IN XRP
You are not making much sense. XRP is bigger than Ripple the company. The company can go bust, but the XRP will still be fully functional. When usual banks go bust because they lent out 10 times more money than they had, the ripple network will be fully operational, and no-one can stop anyone from doing transactions with XRP. XRP will be fully functional for what? Are you stupid? It's created for the purpose to be used for banking. You realize if banks don't buy it no one will use the coin. Do you see anyone doing transactions with XRP like they do with BTC? No, people are investing in XRP with hopes that banks will accept it and the value will increase. "The long-term value of XRP will ultimately be driven by its adoption as a cross border value transfer mechanism. Though XRP has important attributes which make it particularly useful for this use case, these attributes do not ensure full integration with our enterprise software solution. Ultimately, XRP can be successful regardless of Ripple’s success. Either way, we continue to do everything we can to make sure XRP eventually becomes the digital asset standard for international value transfer." Even Ripple states this, no chance if banks reject it. Ripple is taking no risk while the investors are taking all the risk... don't make me list out the major companies that are coming up to provide the same solutions that Ripple is either. Companies see the potential for profit in the banking scene, even Ripple can easily be overtaken in the near future as big competitors with many real world connections come in. This is a technology race. XRP is going to be rendered useless if banks reject it. There is so much risk in this investment and to know that I'm taking all of it without being fully included in the companies success is ridiculous. Ripple will still find market share for their blockchain technology no matter what even with competition however their XRP is a complete scam. Give the people Ripple/XRP share don't separate it so XRP is funding Ripple then you can just drop off your investors while you're successful but the people who fueled your success are screwed. Do you see an increase of 1200% per year in transaction costs on the XRP ? Does it burn 6 million dollars a day in electricity? Are people amused of waiting for a transfer? BTC can't be used to still peoples need for crypto transactions. A different blockchain will take over. A chain that can handle transactions and do it fast and cheap. Actually I still do not understand what you are talking about. If you want to invest in shares in a company, you are in the wrong place. Please explain what you mean by 'I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and I very likely may get screwed while they get successful.' |
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After this realization I had to give up on Ripple completely, I sold my shares and am out of Ripple, I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and I very likely may get screwed while they get successful. Open your eyes if you're investing in them.... you are investing in their XRP not Ripple as their employee quickly pointed out to me on twitter. Even regarding their block-chain technology big competitors are coming on the scene soon. The main point though is I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and take all the risk. Why can a company I invest in be successful without me being successful as well, how is that even a possiblity!?! I'm out this is a complete scam and fraud it was obviously knowingly created that way.
DO NOT INVEST IN XRP
You are not making much sense. XRP is bigger than Ripple the company. The company can go bust, but the XRP will still be fully functional. When usual banks go bust because they lent out 10 times more money than they had, the ripple network will be fully operational, and no-one can stop anyone from doing transactions with XRP. |
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Only fair launch, non-premine, non-ico pow-coins are worth considering in the long run. All the others will fade away rather quickly. Monetary policy, fairness and community are all more important than failed experiments in the name of inovation. These coins are currency and commodity; features are secondary. New tech comes often with crippling bugs. Inovation is risk. Inovation isn't currency or commodity. Scarcity and popularity is what gives it a good price; not necessarily new features with lots of bugs. Sure eth is very inovative but is it functional? Is it viable in the long run? Is it practical in the long run? Are there even real life usecases? Where are you getting your information from? ETH has done nothing but rise over the last week or two. If I'm not mistaken it's at an all-time high right now. Either I'm misunderstanding your question or you're misinformed.
Well, it dumped like a turd on kraken Yeah, because paying the electric-companies 6 million dollars a day is a great future for a coin. PoW is history. What is so great about wasting $6 mil a day? security doesn't come for free. The two big problems that have been in the crypto-space are hacked centralized exchanges and forking. Mining does not solve any of them. It is just a way to distribute coins. It has nothing to do with security. |
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Only fair launch, non-premine, non-ico pow-coins are worth considering in the long run. All the others will fade away rather quickly. Monetary policy, fairness and community are all more important than failed experiments in the name of inovation. These coins are currency and commodity; features are secondary. New tech comes often with crippling bugs. Inovation is risk. Inovation isn't currency or commodity. Scarcity and popularity is what gives it a good price; not necessarily new features with lots of bugs. Sure eth is very inovative but is it functional? Is it viable in the long run? Is it practical in the long run? Are there even real life usecases? Where are you getting your information from? ETH has done nothing but rise over the last week or two. If I'm not mistaken it's at an all-time high right now. Either I'm misunderstanding your question or you're misinformed.
Well, it dumped like a turd on kraken Yeah, because paying the electric-companies 6 million dollars a day is a great future for a coin. PoW is history. What is so great about wasting $6 mil a day? |
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How do you perceive Mineable vs Not mineable coins? Does a Mineable coin less likely to be a scam? How does it affects its value?
Does Not Mineable coins have better chances of getting to a higher value?
Do you even consider this as a criteria when analyzing an altcoin?
What are your views?
Mineables are shitcoins to me. "According to VICE Motherboard, In June 2015 one Bitcoin transaction required the same amount of electricity as powering 1.57 American households for one day, of which the average sized home is approximately 2700 square feet." https://blockgeeks.com/bitcoins-energy-consumption/Mineable coins will always be more expensive for no good reason. Value will be drained to electric companies. |
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Scaling issues aside, a PoW (proof-of-waste) coin will not be replacing the first failed PoW.
You guys realize that the BTC miners are using as much electricity as a smaller western modern country.
All it does is to move the control over the currency to where the electricity is the cheapest, and the company that can develop the most energy-efficient chips.
All this electricity has a price. This price is draining the users of value.
It's the most inefficient payment system bar none. To think that once BTC is out of the way, we would move on to the next giant resource waster is to simply not understand the markets.
all true but if you look into the electricity situation the cheapest is electricity that's otherwise going to waste. they've built mines next to hydro plants in china that churn out power that no one's using. mining will become more efficient, electricity production will become more sustainable. in portugal recently they last something like three and a half days on pure renewable power recently. 1. No, it's not going to waste. You simply do not build new power plants. 2. If mining becomes more efficient, you simply mine more. You do not choose to mine less to have smaller bills. 3. If energy becomes cheaper, you can do other useful stuff from it, like drive a car. Not waste it completely. You simply fail to understand that the BTC miners pay at least !!!!!! 6 billion dollars !!!!!! A DAY !!!!!!!!!!!!!!!!!!!!!! Could be towards 20 billion or 40 billion as well, I just took a ridiculously cheap price. If you do not see a problem with this, I don't know what to say. |
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Scaling issues aside, a PoW (proof-of-waste) coin will not be replacing the first failed PoW.
You guys realize that the BTC miners are using as much electricity as a smaller western modern country.
All it does is to move the control over the currency to where the electricity is the cheapest, and the company that can develop the most energy-efficient chips.
All this electricity has a price. This price is draining the users of value.
It's the most inefficient payment system bar none. To think that once BTC is out of the way, we would move on to the next giant resource waster is to simply not understand the markets.
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hey,
so i`m looking at coinmarketcap and in the last 7 days i think that 90% of the altcoins lists there are going up.
why is that? btc price is basically around 1000$ as always...
Because BTC is just famous, but basically crap. Transaction fees are exploding with 1200% increase per year in order to stop people from doing transactions, because BTC can only handle 7 per second. There is simply no future at the moment. Why would someone keep holding on to such a thing, when there are other coins which are many orders of magnitude faster, and cheaper. It's the whole purpose, it is supposed to be used. Soon BTC will be beyond reach for most transactions. |
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so let's assume bitcoin has imploded. there's still an alt market and you're still committed to the concept of crypto.
where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
Considering how mining is a huge waste of resources, and the cost of the wasted energy is charged to the users of the system, the future is not by some proof-of-waste coin like LTC, monero or dash. I would go for Ripple or PIVX. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
A domino effect can happen but if there is not a real reason for such a thing to happen then the effects are going to be limited but in the other hand there is a reason for that then bitcoin can lose hundreds of dollars in a single day. you are right mate, domino's effect continuous to happen because they are still a lots of traders and investors who's willing to sell their holding when they already seeing enough profits, the best way is to look for future goal and never to follow their leads, bitcoin is for those who believes that the future is bright and investment can be more bigger. Transaction fees on the BTC network is increasing with 1200% per year currently. That is not a bright future to me. It won't be very long until we see $10 fee per transaction. At the same time, there will be other decentralized currencies that will have 1/1000 of the transaction costs, will use less electricity (electric bills are draining value from BTC users) and will be many orders of magnitudes faster. It's a no-brainer. |
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