Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[adamstgBit]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

No one has a Fing clue!
...I dont have a clue

make up your own damn mind.

Ripple is a closed, invite-only network.

Regular people can't just download software and start running a validating Ripple node - they have to be invited in by getting added to the trust list of an existing validator.

Of course the Federal Reserve and US banking system in general is going to attempt to push for Ripple instead of Bitcoin - they are going to do as much as possible to divert and extinguish any movement towards P2P financial tools they can not directly control.

all i know is i'm not going to go around telling poeple " have you heard of ripple "

when poeple ask about alts, I tell poeple what i think.

and i think these little coins are fun speculation, maybe one day one of them will start to displace bitcoin, but at that point you want to be holding bitcoins not Funny colored fiat ( USD included )

i would not have been able to take a heavy position in Ether had i not had alot of BTC at my disposal...

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[ChartBuddy]

Explanation

[adamstgBit]

https://www.youtube.com/watch?v=77pnVFLkUjM

such a troll 

[DaSheep]

LOL!

The perfect team for a company trying to compete with bitcoin by pushing a "open" "distributed" "secure" payment system which is actually pretty much completly centralized in their own hands and basically works by playing hot potatoe with debt instead of money and requires each user to buy some of the 100 billion coins they (in an effort to save electricity and to "diversify the distribution methods") created out of thin air and then mostly (just 80 billion) gifted to themself.

But don't worry, forcing you to buy them is just an anti-spam mechanism! Also premining everything is more effective than normal mining () and since ripple is a company you can trust there's no need for satoshis holy grail, so ripples "method of confirmation, called consensus, doesn’t need mining" at all and as a result the network "requires comparatively negligible computing power" (nice!).

There's also no need to worry about the fact that they are in control of almost the whole (imaginary) monetary supply. They know that creating and "distributing value is a powerful way to incentivize certain behaviors" so they will use the your money to manipulate the market and to lure in more people, so they can sell them the rest (71,010,747,718) of the 80 billion useless coins for even higher prices.

We believe that broad adoption of Ripple as a protocol will result in organic demand for XRP () over the long run.

Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.
If we distribute XRP with these goals in mind, over time we expect to see an increase in demand for XRP that more than offsets the additional supply we inject into the market. Said another way, we will engage in distribution strategies that we expect will result in a stable or strengthening XRP exchange rate against other currencies.

https://www.ripplelabs.com/xrp-distribution/
http://web.archive.org/web/20140208000504/http://ripplescam.org/


I do what I must, because, I can.
For the good of all of us. Except the ones who were tricked.
And the science was fun, and I got a neat post done,
For the people who are, still alive.

[justusranvier]

i would not have been able to take a heavy position in Ether had i not had alot of BTC at my disposal...

You have a position in Ether?

That means you actually hold the Ethers in your own wallet, right?

[David M]

One notable point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.

"does not need to be accompanied by a new financial claim" = We will fuck over the innovators and risk takers so legacy system gate keepers (aka bankers) keep all the money.

Fuck you T-Man!

[adamstgBit]

i would not have been able to take a heavy position in Ether had i not had alot of BTC at my disposal...

You have a position in Ether?

That means you actually hold the Ethers in your own wallet, right?

yes.

well actually i will hodl ether when / if they ever finish building the protocol 

[justusranvier]

well actually i will hodl ether when / if they ever finish building the protocol 

You gave away real bitcoins for the promise of receiving some units of another currency which does not, and may never, exist.

[freedomno1]

i would not have been able to take a heavy position in Ether had i not had alot of BTC at my disposal...

You have a position in Ether?

That means you actually hold the Ethers in your own wallet, right?

yes.

well actually i will hodl ether when / if they ever finish building the protocol  

Well MP was offering a sale on ether adam may as well have taken that contract and see how the ether price comes out in the end
But well hold for the longest time ^_^
(Oh and another good delivery )

[justusranvier]

"does not need to be accompanied by a new financial claim" = We will fuck over the innovators and risk takers so legacy system gate keepers (aka bankers) keep all the money.

Amazing how many people in the community were willing to sell out their integrity in exchange for Wall Street blood money.

Not everybody involved with Ripple was an obvious scammer when Ripple got started.

[adamstgBit]

well actually i will hodl ether when / if they ever finish building the protocol 

You gave away real bitcoins for the promise of receiving some units of another currency which does not, and may never, exist.

yes
I am taking an extreme risk on a sizeable amount of bitcoin.
i know...

[justusranvier]

well actually i will hodl ether when / if they ever finish building the protocol 

You gave away real bitcoins for the promise of receiving some units of another currency which does not, and may never, exist.

yes
I am taking an extreme risk on a sizeable amount of bitcoin.
i know...

Your only hope is ethereum releases and somehow dooglus finds a way to open Just-Dice using Ethereum while him staying in Canada - otherwise sorry for your loss.

Don't worry - it's not like Vitalik is trying to something completely silly like trying to base their mining algorithm on 12 dimensional hypercubes...

[adamstgBit]

well actually i will hodl ether when / if they ever finish building the protocol  

You gave away real bitcoins for the promise of receiving some units of another currency which does not, and may never, exist.

yes
I am taking an extreme risk on a sizeable amount of bitcoin.
i know...

Your only hope is ethereum releases and somehow dooglus finds a way to open Just-Dice using Ethereum while him staying in Canada - otherwise sorry for your loss.

Don't worry - it's not like Vitalik is trying to something completely silly like trying to base their mining algorithm on 12 dimensional hypercubes...

oh shit I better cut my looses!!  

its good they are trying crazy stuff

thats what i want to see

they can be in dev mode for 3 years for all i care.

[vuduchyld]

How many Supernet/UNITY tokens ya got?

[justusranvier]

they can be in dev mode for 3 years for all i care.

There are probably still people who believe that Pirate@40 is going to pull through and give them back their coins any day now.

[adamstgBit]

they can be in dev mode for 3 years for all i care.

There are probably still people who believe that Pirate@40 is going to pull through and give them back their coins any day now.

oh come on... wtv

this just proves my point, all these coins are dangerous, massives risks, its unbelieveable.

DONT BUY THIS SHIT.

let me take the risk  

[ChartBuddy]

Explanation

[adamstgBit]

Keep calm
 and
let the story unfold.

[Walsoraj]

Bitcoin tanking while XRP train leaving the station. Get on before it's too late. This gonna be HUGE.

[grappa_barricata]

Bitcoin tanking while XRP train leaving the station. Get on before it's too late. This gonna be HUGE.

1 XRP is fundamentally worth like how much you will pay a monkey to solve a captcha.
Now, a monkey can run on 4 bananas per day. A proper trained monkey can solve a captcha every 5 seconds. In a supermarket 4 good bananas goes out for 2$.
This lead us to the following equation: 1 XRP = 2$ / (24 * 60 * 60 / 5) = 0.00015$