I paid taxes because all my money goes through my American bank account. I don't want to go to jail.
Why would you go to jail? You couldve just kep the money in btc and not had to pay any taxes. The student loans need to be paid off in dollars. And because I think you need to hear this, PAY YOUR TAXES! Mr. Tea ...sort of. If there are any canadians reading this know you can pay off your student loan balance with bitcoin via bylls.com |
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those that brag about their riches are usually naive people that are not used to being wealthy. and usually find in 20 years time their riches would have evaporated..
It is very different going from not having enough money to consistently eat and being a paycheque away from being unable to afford rent to having 7-figure fiat balances, and almost all your day to day life problems more or less solved almost overnight. Absolutely surreal. And for those reading this thread: the price peaked > ~4096$usd/btc at kraken. That means a lot of people were, at least momentarily, millionaires, and if they sold...could have bought in again at 350$ and be doing quite well for themselves. I quit my shitty job and haven't looked back, and now don't really fit in with working people(they have shop to talk about...I just don't), don't really fit in with wealthy people(I really don't give a flying fuck about status symbols and would be perfectly fine eating KD with weiners every day), don't really fit in with retired people(I'm too young to really have much in common with them)... |
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Ripple is finally dead. How wonderful.
Still works for me. |
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So you call Ripple a scam but you NEVER tell reason why. If there are some problems inside the Ripple Labs company, it doesn't make Ripple protocol a scam. If someone dumps 9% of all XRPs, it's still not a scam. Could someone explain me why Ripple is a scam?
Bitcoin taught us a few things: 1. don't do a premine or IPO 2. Open source the code from day 1 3. Anything based on debt is going to have a hard time at this point of evolution in the virtual currency space. 4. the importance of being first to market 1. You don't need much XRP. You only need a maximum of 50 XRP (costs 0,00034 BTC which is about 0.18 USD) to use the Ripple network for the rest of your life. 2. The source wasn't ready to be published. They were doing major developing back then so it'd be stupid to publish the source and let people set up nodes which need updating like daily due to hard forks. 3. Ripple doesn't compete with Bitcoin really. Ripple is another kind of system. 4. Ripple was first of its kind afaik. If you don't like that Ripple took all the XRP to themselves at the start, fork it and make alt-Ripple. I wonder why nobody has done this yet, though there were a lot of people saying they will immediately fork Ripple (to remove the "premine") when possible. Actually typically you need more xrp than that. My reserve is like ~600. Still, that's like 0.006 BTC...it's not going to break the bank. |
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Stop working for fiat, start working for bitcoin, problem solved. If you're working for fiat, you're basically as good as unemployed right now.
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They put their best people on the kernel, etc. They put a random intern to maintain Bitcoin.
They obviously stopped because they didn't care to maintain it. Our ppa guy can't even keep his updated. Still waiting on .91
I think we can all learn a lesson, especially if you use Linux. Review and build it from source.
Perhaps, but this is not realistic for average users. Most people have no idea what "source" is. They could be coached to installing something off of the ubuntu app marketplace, where bitcoin isn't going to be now, but "build it from source" is utterly beyond them. Same goes for PPAs...that is really pushing the boundaries of what an average ubuntu user is going to know how to do. Maybe those people need something more safe than the QT client anyway, but still. |
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Really Ubuntu comes with Bitcoin QT that's news to me kind of neat though
Came with. That's the whole point. It's not going to anymore |
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I've always used the ppa
I'm sure many people do, that's not the point. Ubuntu is one of the largest GNU/Linux distros around, and their average user had access to bitcoin as part of their operating system. It would be as if windows 7 had came with an option to install bitcoin via an optional windows update or something. Today is release day for 14.04, perhaps it's worth reflecting on what we just lost. Exactly, why would they include Bitcoin? I wouldn't expect anyone to. Not some anonymous os maintainer. I'd rather get it from the ppa and know the guy doing it. You must trust their signing keys. Because Bitcoin is supposed to be a universal/global payment system. I would expect every serious operating system to support it out of the box, at least to some extent(using the QT client specifically isn't strictly necessary, but at least something for their users to interact with the world financially should be a pretty big must have). It's like having a computer without a web browser...who would even do that? This is 2014, not 1985. How does Ubuntu manage to keep all their other software secure? We don't seem to have problems with their bundling of Firefox, or GCC ( http://cm.bell-labs.com/who/ken/trust.html ) or even some of the libraries that Bitcoin uses (libc6). Why should Bitcoin-QT be any different? |
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I've always used the ppa
I'm sure many people do, that's not the point. Ubuntu is one of the largest GNU/Linux distros around, and their average user had access to bitcoin as part of their operating system. It would be as if windows 7 had came with an option to install bitcoin via an optional windows update or something. Today is release day for 14.04, perhaps it's worth reflecting on what we just lost. |
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Of course it is one. Likewise, human beings are animals, and lotuses are plants. Just so happens that this one has a bunch of other characteristics that make it exceptionally useful for other things, like replacing the even-more-parasitic banking system. Faced with a choice between partaking in a ponzi system and a future of humanity looking like a bank-purchased boot stamping on humanity's face forever, I'll choose the former.
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So yes, Ripple as we know it came after Bitcoin and was a response to it.
Technically true but they had a lot to start with, including protocol detail up to and including the ideas surrounding XRP. Yes it's grown a great deal beyond what it was, but it is effectively the same system that had a prototype back in 2007. There's a reason why Ryan Fugger got bought out. 2. Without the work that Ripple Labs has done, there would be 0 Ripple! Oh yeah, and by the way, who owns most of the Ripple? That is a pretty big deal.
You mean 'most of the XRP'. XRP is not really money, regardless what RL will tell you, and there is enough of it out there for the Ripple network to work even if the rest were hoarded, and even if it's not distributed in a fair manner, this is not a problem for the system. This has been argued over and over again. Unless you consider XRP to be a threat to bitcoin, in which case why would you bother? Bitcoin has the avantage of network of scale and trust and a 4 year lead on that. There is no contest. Instead of writing "second generational platform", it is much easier to say "2.0".
It is godamned lazy is what it is. |
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Ripple has a very low transaction rate at the moment and very few gateways and validators compared to Bitcoin. It's too soon to tell which would be faster on equal footing. Normal purchases are reasonably assured with zero confirmations. 24 hr Transaction Volume: $1,349,494.36 Granted that's not bitcoin big, but that's still not too shabby for an average day. ( http://www.ripplecharts.com/#/ ) The bigger question is what does volume even mean on Ripple? |
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so far, NO ONE can explain even one benefit of Ripple. is this a joke?
I asked you a question so I could address your concerns - the fact that you're ignoring me and just postulating the lack of benefits of Ripple suggests you have an agenda. I didn't see the question , what is the question |
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We have and ppa repositories with official release of bitcoin-qt. I think is better to add this and for the updates
We? Why is this better? Bitcoin is no longer an apt-get away from the average Ubuntu user who has no need to trust ppas, nor do we get support help and triage from canonical. |
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How will Ripple Labs comply with government sanctions?
Similar to "sanctioning" the Bitcoin foundation there is not a lot to "sanction" at Ripple Labs to begin with... the network can and will go on, no matter what RL does. I guess they would just follow whatever sanction hits them, though I don't see it having any effect on Ripple itself. So if Ripple Labs is shut down, the network will go on just fine and all transactions will be accounted for in the ledger? How will Ripple Labs comply with government sanctions?
How do any core bitcoin developers left in the US intend to comply with government sanctions? It doesn't matter where Bitcoin core developers are if they stay anonymous. Yeah but the bitcoin core developers do not seem to be mostly anonymous. |
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it doesn't matter when you found Bitcoin. it's about the things you can buy with it, that you can't buy with regular money (like piece of mind)
I wouldn't go that far. If the only people on this thread heard about bitcoin in 2010-2011 or something, we might have a problem. Thankfully that is not the case. |
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...
So who "controls" the ripple protocol. You talk about nodes. Bitcoin is controlled by a democracy of hash power. Who can implement/control the ripple protocol?
Who 'controls' TCP/IP? Protocols are not 'controlled'. If you speak the protocol to a node on the network, the network will listen to you, and you become part of it. Ripple is not really that democratic, it is more consensus-based. This might be a little hard to wrap your head around, but it can work. |
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How will Ripple Labs comply with government sanctions?
How do any core bitcoin developers left in the US intend to comply with government sanctions? |
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Why did Ripple Labs choose to create XRP rather than use Bitcoin to secure their transactions?
1) They can make Millions/Billions of $$$ by creating XRP 2) Some XRP gets destroyed with every transaction. 3) They can make XRP worthless and distribute it to every human being on earth once the short term gains from XRP have been realized to them. You can't do that with bitcoin. |
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Right now as a system, bitcoin is better because it is accepted by more merchants and has been around longer and despite its flaws is trusted better.
Ripple has been designed with a lot more reflection on what bitcoin could have been. It is not perfect and right now isn't all that userful, but it is a far more robust and clean platform. Ripple is trying to get big business and major banks behind it. If it does this, it will very quickly over take bitcoin because at that point it will do everything bitcoin does and more and will people will be able to use bitcoin within the Ripple system. This is all IF IF IF Ripple can get its support of major institutions and banks. It seems to me that they have something to gain, once many other banks are on board, but nobody wants to be first to something like this. It is only valuable with many players. It is a good ole catch 22. It will only work if it has people and then it will be valuable, but nobody wants to be apart of it if it has no value and no outside support.
There will be other competitors too, as others have mentioned NXT or Etherium, both of which have their pluses and minuses. Maybe Bitshares or CounterParty. One thing is clear to me, in the coming years Bitcoin will be a gold standard for the 2.0s platforms. Sooner or later a 2.0 will be way more powerful though. Too many things to know for sure. A major mover with the right backing can still win this.
1) Ripple predates bitcoin 2) *Ripple Labs* is trying to get the big business and banks behind it -- bu tremember Ripple Labs is approximately 0% of the network. Some of the rest of the network have given up on it. Some of the rest of the network is working to get big business and banks behind it. Some of the network is trying to make things work in house, between friends or in other situations that have nothing to do with big business. And guess what? The latter two categories outweigh ripple labs' efforts by several orders of magnitude. Like Bitcoin, Ripple is not a business. It's a collection of communities and businesses. It's basically a very small economy. That's like saying "Guatemala is trying to get big business and banks to invest"....sure it's probably true, that the government of Guatamala does these things but this ignores the vast majority of effort and projects undergone in that economy. "A major mover with the right backing" cannot outmove a billion chinese people realizing that Ripple is useful to them in organizing their lives without government. That's where we're trying to go. 3) Stop calling them 2.0 platforms. Bitcoin 1.0 isn't released, and there will, someday be a Bitcoin 2.0, and these platforms are not that. This is abuse of version numbers for political reasons. |
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