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What is the current minimum fee you have to include to get LTC sent (I have 5 month old coins) and am using 0.6.9.2 beta
am I told by the qt, if it wont go, or are coins just stuck in limbo?
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I am beginning to think, that CC's as a whole will reach x Trillion, but at the expense of where BTC would go alone. I think BTC will go to $x100K each. But that 'x' will be a lot lower because of LTC.
It appears that a newer *innovative* coins, come along, eg LTC, the innovation is ok, but the real hook is it allows people who missed out being early adopter for BTC to wrest value/market share from BTC early adopters as their currency takes more of the market share.
It seems more people will jump on the newer coin as more people will have heard about CC at that time and thus look to put some interest$$ in the LTC of the day as they can see it has more potential to go up in a shorter time. The network effect is huge as well.
The asics moving into BTC pushing GFX cards out will give a much larger dedicated userbase to LTC (until scrypt asics come along), and so garner more network effect. Also the GFX cards are subsidized by resale value and other uses, not so asics.
These factors force early adopter BTC holders to swap their BTC for LTC, as it does not cost them much in terms of net BTC's and real cost of the BTC for them. There must by 1000's of early adopter BTC's swapped for LTC right now, that simply would not have occurred otherwise.
IF LTC = 0.25BTC or higher that gives at least around 500M+ market cap (on coins out now) that would have otherwise been in BTC.
So BTC will rise but some significant proportion will be siphoned of by LTC and other coins.
It is also interesting to see the volume of BTC/LTC trade on BTCe is greater or similar to btc on gox (i think if I am reading it right). This will force LTC to Gox
This will also happen to LTC by some other coin.
I also find it absurd that people keep saying, "coin x" is not a get rich quick scheme. The whole reason people keep jumping on new coins is because BTC/CC is a get rich quick scheme, every one knows it, not much if anything in the last 4 - 5 years has gone up as much as BTC or even LTC in that last 2 years....and they are still in their infancy.
The bet that jump on coin x because it may go up it a lot better than not jumping particularly where you already have btc or miners.
I am not saying any of this is bad, in fact is may be good as it allows different coins/strategies and synergistic effects that BTC may not achiever on its own.
It is also worthwhile nothing that very few "first" or early "dominant" of anything in Tech/IT/inter tubes remain the dominant force. Eg, os before Microsoft, Mosaic (most of you probably never heard the first web browser), myspace, xerox park interface, nokia,
I am not an early adopter of either coin!
edit
CC = Crypto Currency
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BUMPING THREAD AS RIPPLE JUST WENT LIVE Sorry NWO your about 3 months late from first, but we can merge threads or something Cascade Reserving this for when RIPPLE goes open source, I or whoever else wants to/can launch the XRP [clone] and can use this thread - Devs - Designers - Promoters Specs: - Ripple clone with no premine, but some reward as to funding will be offered / considered, as this allows early infrastucutre and deving to be expedited - seeders - Mobile app for on the go payments -?.?.?.? -Profit Release: TBA budget: 20 BTC for devs etc If your interested in joining this project/idea, post in the thread. I think we will have plenty of planing time as we could be waiting a while for XRP open source release. Edit 1 I also have the repo "XRP" at github. https://github.com/XRPEdit 2 same thread in ripple forum. https://ripple.com/forum/viewtopic.php?f=1&t=3342&p=14506#p14483
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https://coinjar.io/aboutthis is Zhou right? anyway they seem to offer good rates....(I wonder....where those good rate) sorry if slowpoke.jpg
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[1] Is this a ruse,
[2]does it effect anything,
[3]does it not matter as some other financial collapse somewhere must happen due to mismanagement
My view is gov's are so out of market discipline via tax base that it guarantees colossal fk ups that can only get bigger as time goes on.
BTC is the rod of reproof and it shall drive foolishness far from them
(them = gov, and most people who have no idea about FIAT, FRB, CCR's etc)
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So if XRP ever went open source, would it not just get cloned by the BTC community ending XRP, as the cloned version could have a much lesser premine, you know less than 100% so making it more attractive
I do not see a logical way out of this for the XRP claim to going open source.
Open to your views
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Given XRP/opencoin seem to be more in the money transmitting business, than you could ever construe BTC to be, where are all the cease and desist/threatening gov letters to them?
Anyone know?
Or is it the case that since Google money and similar are backing it, and it is controllable , there is a hands off approach?
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If a loan is made in BTC, and the investment to give the return is not in mining (and that has its risks), eg the investment is a fiat investment, so can only have a fiat return, does this not ensure a a sizeable default on all loans if BTC goes through an order of magnitude increase (10x) over a short period.
Eg, Say bob takes out a loan for 1BTC for 4 months, converts to cash, and does X it makes 200% return, however during the 4 months to repay, BTC has gone up 10x, how will bob repay?
Ok bob may be able to repay, but a lot of the "bobs" out there will not be able to.
So at some point during an BTC evaluation event, I would expect to see a lot of defaults.
I also have not seen any trading scheme that has delivered the increase of BTC over the few years it has been around, so it seems to rule that out as well.
Any how I am interested in you views, and why I may be wrong.
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Does anyone know why btce get usd in and out better than GOX,
Btce it seems to have a rock solid trading platform it looks like it could do the volume
so why isn't BTCE number one for volume?
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So...Gox has stopped USD withdrawals for 2 weeks, to upgrade?  yet it still accepts deposits? because of too much volume, by 'new' players or something any low down on this? (also I got color ignored for this post!) |
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Hi! I'd like to purchase your Ripples.
I'll pay you 1 BTC per 7,200 XRP.
the best rate posted here at the moment,
You will have to send first unless you have a good rating Or, we can use escrow, but share fees
PM me with amount and offer
Ta!
Notes I will update the purchase price as required.
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Post your future prediction graphs ITT So this is my super rough go at it, the good news is it seems to be about 21 months and we should be at 1K per btc, not so good is we only seem to have a floor for 100 in about 6 months it looks like the order of magnitude rate is every 12 - 13 months, until it flattens out (my guess in about 100K - 200K per BTC) because we all know the past *does* indicate future performance  edit fixed it up a bit |
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http://coinmkt.com/#/What have people heard about coinmkt is it supposed to be a high volume exchange? usd friendly? good hardware / software systems? lots of capital? security? hacking insurance? bigger than GOX, Btce or smaller? when will it open? any news on it at all...? edit looks a little bit not pro, eg typo's on blog/site BitInstant "BitInstant raise $1.5 million lead by the famous Winklevoss twins and has emerged as a key player in the nascent Bitcoin market: The company already processes approximately 30 percent of the money going into and out of Bitcoin, and last month alone facilitated 30,000 transactions, the Winklevosses said in a phone call this week." proof-of-work system.[3] With Bitcoin, for example,
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can some one post in ITT some of those log versus time, graphs with the straight line for BTC price v time, the further out to the future the better, thanks in advance !!!
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FTC I am at a loss to why FTC went from 0.0005 to 0.00115 over the last week or so and stayed there, and has realtively high trading levels, even when the chain was attacked fud, forked or something.... I can see no rational reason for it and yet there it is..... it seems to have no innovation, little deving vs say PPC.... And the fanaticism is so high, just see the troll box every second post is FTC related I just don't get it at all ? WTF it should be no where near PPC.... please explain |
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Sure alts have a relatively small market cap, except XRP (though not a real market cap inmho as trade levels are too low), but every alt except ltc on BTC-e can only be originally be purchased by BTC, and in some cases LTC.
So do alts dilute the BTC price or merely spread the BTC's around more?
I am interested in your views!
I *think* alts function as a way of getting BTC's out of early adopters as they have enough to throw at a few at alts as an insurance policy, and alts are an evolutionary hotbed, sorta forcing this behavior of insurance in buy bying in for a few of them.
the caveat has to be for XRP as it has the implied size similar to BTC market cap which is why I think many BTC'rs feel strongly about it.
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How long until "satoshis'" make in into the (oxford) dictionary?
never, soon?
or other
write the definition you think should be there...!
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adamstgBit(7000uAC) = Wallet[AC0m97S1|adamstgBit]->SendAbstractCoins( ACJZ777|Jubalix, 2000 );
confirmed Ready to give away 10 x u50 adamstgBit as long as you agree to give away 5 x u5 adamstgBit (honor system) read the method its really easy, you just quote chain. https://bitcointalk.org/index.php?topic=224873.0 |
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So I admit I genuinely surprised at the FTC increase, about 5K btc has been thrown at it to get it up to 0.001 levels from 1/2 that
I am mystified as to why, ok it's go a community but it really offers nothing that LTC does not offer, except its worse....
the only advantage I can think of is that more coins sit on a single level, so it has deeper relative markets so you can sell out quite a bit without effecting the market, so offers tighter trading opportunities.
So over to the forum....why?
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