Did you see what Fortune did there? They made a clickbait title and quoted the CEO of Western Union that said Ripple's xRapid product is more expensive than Western Union. But read further to the highlighted post and you can see why this is clickbait hehehe. I hate to defend Ripple, I reckon it is a centralized token platform, not a real coin but the mainstream media should be more responsible in the way they release the news.  Ripple has long touted its blockchain technology—and the cryptocurrency XRP, of which it still owns a majority—as a faster and cheaper way to move money internationally. But Western Union CEO Hikmet Ersek said that while his company is still experimenting with Ripple’s product xRapid—which uses XRP as a conduit to transfer money between foreign currencies—for payment settlements, it has not saved money so far.
“We are always criticized that Western Union is not cost-efficient, blah blah blah, but we did not see that part of the efficiency yet during our tests,” Ersek told Fortune in an interview Wednesday at the Economic Club of New York.
“The practical matter is it’s still too expensive,” Ersek added, noting that Western Union would only be interested in adopting XRP for payments if it proved that it could lower the company’s costs.
Indeed, Western Union has sent just 10 payments using xRapid to date—far too few to reap significant results, according to Asheesh Birla, Ripple’s senior vice president of product.
“If they were to move volume at scale, then maybe you would see something, but with 10, it’s not surprising that they’re not seeing cost savings,” Birla said. “They do millions of transactions a month, and I’m not surprised that with 10 transactions it didn’t have earth-shattering results.”Read the full article http://fortune.com/2018/06/13/ripple-xrp-cryptocurrency-western-union/ |
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@Hydrogen. Nothing but more drama conjured from Dana's storyboard for the UFC weltherweight championship that might happen on the end of 2018. I reckon the UFC will include it in the same fight that has Conor versus Khabib.
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Did Aeon fork into 2 chains?
Technically yes (as is always the case, there is always someone who doesn't upgrade) but there is no evidence of any uptake of the pre-V7 chain (no exchanges listing it, no projects claiming to take on support of it, etc.) One advantage of Aeon over Monero is it can fork but does not have the risk of splitting into 2 or more supported chains because the community is small and can be herded in 1 way towards the real chain. What is your assessment on Aeon as the first to test Bulletproofs and be the first Cryptonote based coin to release it with RingCT enabled? I reckon the developers should keep pushing it while hardforking is easily managed and while everyone is not looking hehehe. If Aeon grows larger in the future, illegitimate forks like Monero Classic will emerge inevitably just because the financial stake becomes higher. Whether the community is united well or not won't matter much. The first CryptoNote coin that adopted Bulletproofs is Wownero, AFAIK. Some may see this as irresponsible of them because the audit process funded by the Monero community is still going on, but others may see it OK because Wownero is supposed to be a joke coin and is allowed to do wild experiments. To me, the most reasonable path for Aeon would be to adopt Bulletproofs a little after Monero adopts it, because that way we can be sure that it's working well and has no issues. As someone once said somewhere, maybe Monero is Aeon's testnet... But Aeon does have a testnet. It can be tested there before releasing it officially. I reckon Aeon should be Monero's testnet and not the opposite. Monero has so much more to lose in my opinion. Telling everyone that Monero is Aeon's testnet would only be deluding ourselves. |
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas. I think BF is qued to roll out on next update (i think it was ready for the last but the devs correctly held it back for testing) and I'm not sure where korvie is. Ok. How much smaller will Monero's blocks be after the upgrade to Bullet Proofs? Also, what is the average block size of Monero right now? I once tried to sync the blockchain but I gave up because it became very slow near the end. I assume that was RingCT making the blocks bigger than it should have been. |
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I wouldn't say that it's the most optimistic prediction, since there is still a possibility at this moment that $6k would act as the effective support and prices would simply not go down under that level during the bear market. It's possible, but unlikely.
Which is it? Will it go down under $6000 or not? I hate all these safe predictions from people who want to appear smart but does not risk of being wrong. Make a real prediction and tell us your opinion why. |
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
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Did Aeon fork into 2 chains?
Technically yes (as is always the case, there is always someone who doesn't upgrade) but there is no evidence of any uptake of the pre-V7 chain (no exchanges listing it, no projects claiming to take on support of it, etc.) One advantage of Aeon over Monero is it can fork but does not have the risk of splitting into 2 or more supported chains because the community is small and can be herded in 1 way towards the real chain. What is your assessment on Aeon as the first to test Bulletproofs and be the first Cryptonote based coin to release it with RingCT enabled? I reckon the developers should keep pushing it while hardforking is easily managed and while everyone is not looking hehehe. |
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@LTU_btc. Yes, because the sport has become so boring over the years. I thought it would change when Liberty Media bought Formula 1 Group from Bernie Ecclestone and the new car specifications. But I still read the news to keep me up to date hehe.
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Please, lower your predictions people. The sooner the average joes do that, the sooner we can reverse. Currently we are experiencing the exact opposite -- the hopes for a return to peak levels is still thriving and very much spreading like a virus due to all the empty bullish predictions we are being flooded with. It's the media as a whole being responsible for that. They know exactly how to troll the gamblers in the crypto space. Isn't it obvious already that with so much hype around bullish predictions the market isn't doing shit? Don't follow the mainstream media that knows nothing about crypto. Wake up....
Hehehe do not blame the people's expectations if it becomes a prolonged the bear market. Many of us are nothing but longterm losers in this game. Also before blaming the people, can you scientifically explain why the people's predictions are delaying the reversal? |
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We also have one of the lowest userbase. The Aeon market is also not doing very good.
AEON have quite big number of usebase compared to other coins. But yes, most just hold it and not really use. Lets hope that will change in upcoming years. Second layer solutions will help with that also. Sorry but I disagree. Second layer solutions will only be as useful as a solution if there are enough active users using Aeon. Also, why would developers waste their time implementing something that no one will use? |
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Who will develop it him or you? Would that proposal be accepted by bitcoin's developers and the community? You all talk like it was very easy or you think that are so smart. But in truth you cannot look more stupid than you are now.
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It appears that no one in the subforum is happy in any prediction anymore hehehe. If I post a bearish article, someone would say that I am spreading doom. If I post a bullish article, someone would say that it will not happen.
In any case, those stupid, bearish analysts from Wall Street who do not know anything about the cryptospace were correct.
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@lemipawa. Robert Whitaker vs Yoel was a split decision. I reckon the judges gave it to the champion because it might look bad for Whitaker if Yoel won but does not win the belt. It might make Whitaker look like a fake champion.
In any case, it was a good fight. Both of them were warriors. I hope to see another one hehehe.
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@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.
what makes you feel that Microsoft has no potential influence on bitcoin price? if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards Microsoft Market Cap: 780.31B Bitcoin market cap: 131 B I cannot argue with your reply because I reckon it is a bad one. I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options?  because you think that bitcoin in itself is something independent and this almost religious belief clouds your judgement I simply stated that Microsoft can buy a fair share of bitcoins,if they wanted use them to buy GITHUB or do whatever,including manipulating the price of bitcoin it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin it is simple,figures are figures one figure is bigger than the other I could simplify it more for you,to make it easier,just ask That would be stupid no,this is not stupid,unlike your remark what will Microsoft use to buy a fair share of bitcoins what did Microsoft use to buy GITHUB? You say Microsoft can, as if it was that simple. Microsoft is a public company that needs the share holders to vote to make any major decision. How would it look if Microsoft's CEO says Hello, we will buy bitcoin today. Do you really think the shareholders and the board of directors of a multibillion dollar company will approve? Also, yes please explain how simple it is for Microsoft to buy a fair share bitcoins using stock options. |
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@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.
what makes you feel that Microsoft has no potential influence on bitcoin price? if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards Microsoft Market Cap: 780.31B Bitcoin market cap: 131 B I cannot argue with your reply because I reckon it is a bad one. I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options? |
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@Vispilio. Because Bitmain's self interests and its game theory mechanics do matter for bitcoin itself, the other miners and the community.
Your tirade against ASIC is what does not matter. You can say everything you want but there is nothing stopping a hardware manufacturer from developing ASICs on any proof of work algorithm.
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Btctalk name: bbc.reporter
Rank: Hero Member
Current post count: 4047
BTC address: 3D7SpFWuq3MkHQaXTWbc92umQ1QHZfd4dB
Wear appropriate signature: yes
Wear avatar: yes
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@btc_angela. Agreed. That is the safest way to win. Take the fight to the 4th and 5th rounds then increase the aggression versus a gassed fighter.
Also bet on Megan Anderson. Her size contrasted to Holly will surprise everyone. She walks 6'0 ft and weighs 175 lbs on her normal days hehehe.
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The discussion is not about Bitmain's best interests to keep crypto mining functioning in an orderly fashion or its mutually profitable competition with other miners;
Yes game theory. |
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@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.
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