adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2014, 03:35:24 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
ripple was all pre mined? wasn't? and then they double the supply over night because they wanted more... |
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pjviitas
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December 17, 2014, 03:35:35 PM |
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$275 here we come
Have you engaged the BearWhaleBride for that festival you are you just hoping? The one week charts pretty well sez it all. The price has flatlined since the beginning of November...so the price has had a chance to either go up or go down. All indicators right now are that it will go down...yet again. |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 17, 2014, 03:35:45 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? |
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God27
Sr. Member
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 17, 2014, 03:36:09 PM |
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meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours... its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity. However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time. |
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Bitcoin_BOy$
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December 17, 2014, 03:36:21 PM |
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Bank didn't want bitcoin to kill them
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dakota neat
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December 17, 2014, 03:36:44 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It's created out of thin air like fiat. |
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 17, 2014, 03:38:42 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. This does not sound good...but they have a cap right? Is it like Bitcoin with 21 million or like Litecoin with a huge 42 million? |
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NotLambchop
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December 17, 2014, 03:39:04 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. What is Bitcoin made out of again? Wasted electricity and broken dreams? |
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God27
Sr. Member
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 17, 2014, 03:39:15 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... |
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 17, 2014, 03:43:24 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... 100 Billion!!!?!??? All pre-mined and only 100 needed per bank???  |
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jonoiv
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December 17, 2014, 03:44:34 PM |
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meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours... its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity. However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time.If even banks only need so few XRP, then why did Ripple make the supply so huge? I remember when there was a 40k XRP per member giveaway on this forum. What is the point of having so many XRP available? Did you get any? because I asked in the "give away" thread and got nothing. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2014, 03:45:39 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... first there was 50Billion XRP, then one day poeple woke up and found that there was 100Billion XRP. because magic. |
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God27
Sr. Member
Offline
Activity: 364
Merit: 250
The 4th industrial revolution!
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December 17, 2014, 03:45:47 PM |
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meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours... its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity. However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time.If even banks only need so few XRP, then why did Ripple make the supply so huge? I remember when there was a 40k XRP per member giveaway on this forum. What is the point of having so many XRP available? That's anyone's guess. I'd say they want this platform to run for a while. If their goal is to have as many transactions as swift or visa for example, people will start worrying about the xrp's being destroyed. This would cause the xrp price to skyrocket and then the transfer fee of 0.000012 xrp for each transaction will be even more expensive than where we started with good ole' goldman sachs. |
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Bitcoin_BOy$
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December 17, 2014, 03:47:32 PM |
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All the cryoptocurrency down with bitcoin , right?
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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December 17, 2014, 03:48:09 PM |
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The world through Monkey eyes: Looking bullish intraday the next 4 hours or so. Daily it's at or near a bottom. It could go lower, but it would be a very low confidence prediction. Bias to the upside for the next week. Then down again.
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God27
Sr. Member
Offline
Activity: 364
Merit: 250
The 4th industrial revolution!
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December 17, 2014, 03:48:36 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... first there was 50Billion XRP, then one day poeple woke up and found that there was 100Billion XRP. because magic. Nah, the protocol started with 100Billion from the start. Maybe people were refused on how much was allocated at the beginning. Like for example, Jed, Chris and Arthur might of received 20 billion, Ripple labs might of received 25 billion, and the rest was put in many of accounts with ideas on how to distribute the remaining 55 billion. |
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dakota neat
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December 17, 2014, 03:48:40 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... first there was 50Billion XRP, then one day poeple woke up and found that there was 100Billion XRP. because magic. Yes, plus the story with Jed and so on. |
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samson
Legendary
Offline
Activity: 2097
Merit: 1068
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December 17, 2014, 03:49:45 PM |
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meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours... its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity. However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time.If even banks only need so few XRP, then why did Ripple make the supply so huge? I remember when there was a 40k XRP per member giveaway on this forum. What is the point of having so many XRP available? I remember selling my free XRP for about $2000 last year |
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NotLambchop
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December 17, 2014, 03:50:43 PM |
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When Bitcoin tanks hard, laugh at other coins.
When a well socialized monkey is attacked, it tries to redirect the attack onto a weaker member of the troop.
Well done, Bitcoiners!
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 17, 2014, 03:51:53 PM |
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Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.
100% Ahh nice, so 100% was not pre-mined? It's not even mined. It made out of thin air like fiat. Correct but its math based and the 100 billion created at start is all that will be made. Also, XRP's are destroyed with every transaction so people think of that as its own way of mining... first there was 50Billion XRP, then one day poeple woke up and found that there was 100Billion XRP. because magic. Nah, the protocol started with 100Billion from the start. Maybe people were refused on how much was allocated at the beginning. Like for example, Jed, Chris and Arthur might of received 20 billion, Ripple labs might of received 25 billion, and the rest was put in many of accounts with ideas on how to distribute the remaining 55 billion. That makes Brenton Woods sound like a tea party. Here's your new currency. We own it all but if you do our bidding we will grace you with a few. |
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