What is with the Ripple fanboys and their relentless need to post about Ripple all over the bitcoin forums. It's almost like they are trying to pump up the value of XRP.
I remember this rhetoric before Litecoin became big, and those who used it are now too butthurt to even post on the forums.... |
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lol as you can see it's all chumps buying useless crap to prop up the myth that "bitcoin is a currency". Come back and see if they dare to publish sales statistics in a year.
Anybody remember wordpress, humble bundle or reddit? Yeah their figures haven't been stellar overall.
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Just so you guys get a hint on what's happing the ripple labs team does now 50% of world community grid crunching
and how are they doing this? They pay everybody who participates a fraction of 1,250,000 xrp every day, which essentially becomes "mining" for xrp. |
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Do you mean they are ready to launch a 51% attack?  They would if boinc were competitive instead of cooperative. Bitcoiners often brag that mining is the largest distributed computing project on earth, but besides lining the pockets of the participants it does very little good. WCG on the other hand contributes to finding cures for diseases, research into clean energy and so on... |
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Just so you guys get a hint on what's happing the ripple labs team does now 50% of world community grid crunching
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Ripple gateways have their incentives aligned to work perfectly, until the point of a catastrophic credit crunch.
Alas I have stated elsewhere, gateways are incentivised to hide and cover their bad loans from the network at all costs, as otherwise their ious will become less valuable.
This will lead eventually lead to a credit crunch.
It will have happened by 2020 if ripple survives that long.
Or they have an incentive not to have bad loans at all.... I guess we have to wait, see you in 16 years. Good luck hoping Bitcoin is even around by then. |
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Bitcoin considered goods, not currency Go figure... |
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The meltdown continues, the china syndrome is in full swing. Most people still unaware of what's happing.
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btce has the easiest withdraw option, of all exchanges, I'm not telling you which because if too many people use it it might disappear.  |
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OP you're such a hypocrite. I voted against them, but here is a hint: you can disable signatures in the forum settings.
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I don't have time to list them all.
The biggest technical issue I see is the computing requirements
The biggest economical issue that it isn't backed by anything, be it force, inherent value or inherent utility.
The closest thing to backing Bitcoin has are it's software developers, which aren't that rare.
Just curious before I finally ignore you once and for all ---> at what point would you, theoretically, admit that bitcoin is here to stay and will have an important part to play in the world? What would it take for you to admit this, most importantly, to yourself? If you can't answer this question then you really haven't thought deeply on the topic and are just the forums longest surviving troll. Once Bitcoiners begin resembling a militant group.... then it can at least be backed by force. |
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Inherent utility basically means it can be destroyed to derive something economically useful which gets more useful the more of it is destroyed. It's the analogy to inherent value in the information realm.
An example are online game currencies.
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I don't have time to list them all.
The biggest technical issue I see is the computing requirements
The biggest economical issue that it isn't backed by anything, be it force, inherent value or inherent utility.
The closest thing to backing Bitcoin has are it's software developers, which aren't that rare.
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1. Bitcoin is really the only established cryptocurrency out there right now.
Do you believe in the concept of cryptocurrencies? Then you should realize that eventually somebody will out-innovate Bitcoin and as such overcome Bitcoin's network effect. Please explain further, when do you expect this to happen? Any candidates to date? I don't know a timeframe. It probably takes one economics and one computer science college student to create a candidate. That said watch out in academic circles. I wouldn't call ripple a candidate, but it is perceived as such. (People see it as a threat instead of an opportunity) |
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FYI: I exit unprofitable positions immediately.
Holy smokes he's a pro trader! I'm not really good at it. Other people have satoshi dice, I have btc-e (I can't really use anything else others charge too much fees) |
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PS: I don't respect trolls.
Don't worry I respect myself.  Only because you're an idiot NO U |
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