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

[KeyserSoze]

but bitcoin is more like TCP/IP
your argument is invalid.

Can you stop fcking quoting him? If you want to chat with the idiot you can PM him.....

You realize it is his moderated thread?

[lebing]

Its going down a bit more almost assuredly, but for the love of god dont panic sell at 550. its going to touch it again probably once more and never look back.

[mah87]

@mah87 since im not pretending to know what im doing anyway... im going to invest a bit in ripple.

No, please don't listen to mah87. Ripple is the largest scam around. It's basically a 100% pre-mined coin with no actual mining to protect the network. It's a centralized alternative to Bitcoin. Yes so are fiat currencies.

I'd advocate buying Euros and Dollars over buying Ripple and considering my apathy against those that's saying something.

talking about premining is stupid since there is no mining and this is a strength for ripple. This is also OpenSource and not centralized.


Furthemore when you see the concentration of power with only few miners and that 10 000 bitcoins holders own 75%+ of the bitcoins in circulation... This is really being in denial that bitcoin is FAR from being perfect and that the network is in the hand of very very few people...

[adamstgBit]

but bitcoin is more like TCP/IP
your argument is invalid.

Can you stop fcking quoting him? If you want to chat with the idiot you can PM him.....

You realize it is his moderated thread?

lol

[wachtwoord]

Ripple is the worst currency I've ever seen. Attacking Bitcoin in any way won't change that. The correct value of XRP is zero and I'm neither exaggerating nor kidding.

I shouldn't even try to react here (because it's useless anyway) but it just ticks me off that you're trying to get people to burn their money.

[mah87]

@mah87

What's your target price for ripple in the future?

It touched 10cents when bitcoin was at 1200$ so if ripple survive and find a real utility (which imo will arrive this year) it will at least touch this point again.

If ripple can't find a real utility in 2014-2015 then it could be 0 (and 0 is also a possibility for bitcoin).

[mah87]

Ripple is the worst currency I've ever seen.

You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...

Bitcoin is just the beginning, some other better system may appears.

[ChartBuddy]

Explanation

[wachtwoord]

Ripple is the worst currency I've ever seen.

You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...

The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.

Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.

I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.

[mah87]

Ripple is the worst currency I've ever seen.

You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...

The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.

Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.

I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

[KeyserSoze]

Its going down a bit more almost assuredly, but for the love of god dont panic sell at 550. its going to touch it again probably once more and never look back.

By "touching 550" you mean hitting 400, right?

[raid_n]

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

You are practically screaming "I am invested in Ripple please make it go up".

Ripple has an interesting idea but fundamentally solving decentralized IOUs with a level of trust like bitcoin has yet to be invented.
A Gateway can go under and it is incentivized to cover up as long as possible. This trust issue can't be trivially removed

[KeyserSoze]

I shouldn't even try to react here (because it's useless anyway) but it just ticks me off that you're trying to get people to burn their money.

...says the guy advertising gambling in his signature...

[eiskalt]

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

R.I.P. Ripple?

[mah87]

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

You are practically screaming "I am invested in Ripple please make it go up".

Ripple has an interesting idea but fundamentally solving decentralized IOUs with a level of trust like bitcoin has yet to be invented.
A Gateway can go under and it is incentivized to cover up as long as possible. This trust issue can't be trivially removed

nop, I just know at some point everybody here will change their mind... but obviously nobody is ready to accept that bitcoin may be replaced by something better.

[wachtwoord]

Ripple is the worst currency I've ever seen.

You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...

The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.

Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.

I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

Come on, shut up, you're telling everyone to buy XRP.

[Richy_T]

Ripple sounded like a great idea. Until I looked into it.

[KeyserSoze]

Ripple sounded like a great idea. Until I looked into it.

+1

[mah87]

Ripple sounded like a great idea. Until I looked into it.

you didn't look hard enough, do you even realize what kind of flexibility it allows ?

first generation of bitcoiner just don't get that mining is not an advantage. Payment industry will soon jump on board with ripple on use this awesome technology. Mark my words.

You think coloredcoins is great ? Yes it's great but ripple just do the work better "Cryptocurrencies are not so flexible, though a cryptocurrency can be designed to represent other assets (Ripple is such a cryptocurrency)." this quote is from coloredcoin official website, because they do understand what ripple is about.. stupid people in denial...

[TERA]

Ripple is the worst currency I've ever seen.

You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...

The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.

Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.

I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.

Same. When I first read about ripple, it was presented as some type of network which kept track of how much debt each person was to each person, or to a group, or something like that. This was very intriguing to me. There was nothing about a currency unit. When I read about "XRP" it confused me. According to the previous model of "ripple" I had learned of, there would have been no 'coin' to pump and dump and take on a volatile value. I thought the whole point of ripple was that that the value of your debt was fixed in fiat (or whatever was paid) "I owe Sally 100 dollars" and there was no risk of volatility etc. So when I later learned about "XRP" and it's "trading value" it started sounding like bogus to me and I quickly lost interest. If I want a coin-based system I already have Bitcoin which is far superior as a coin-based system because it is decentralized, and the inconsistency of XRP with the previous model of Ripple which was presented made it seem like a pump and dump scam.