Erdogan
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October 31, 2014, 01:51:53 AM |
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A 1:1 pegged sidecoin. Let say it is pegged in such a way that all bitcoins can be moved to scBTC (or none). There will always be a difference in value, due to the different qualities of the two coins. We have discussed the possibility of higher value, in which case all bitcoins will be converted, effectively it becomes an altcoin that takes over.
If the value is smaller, due to the peg, the number of coins converted will be small. Because receivers of sxBTC, when they have accumulated more than is needed, will move them back. The smallness of this volume may limit the number of scBTC to the degree that it is a complete failure. So in case of lower value, it is just like a random scamcoin, and thus no threat to bitcoin, nor especially advantageous for the users.
The reason that a sidecoin might be less valueable, is that it has to have better qualities in the areas where bitcoin could have been better: transaction cost, anonymity, and confirmation speed, but it also have to be just as good as bitcoin, or better, in all other areas.
And no, expandable coin number, keynesian style, is not better than bitcoin's eventually fixed supply.
I am not concerned.
EDIT: This should have been posted in the gold collapsing thread...
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MrPiggles
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October 31, 2014, 01:52:04 AM |
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Guy got 259 upvotes for my updated bubble graph and didn't even credit MrPiggles
You forgot to watermark it. he even got changetipped like a dollar. I got scammed ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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empowering
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October 31, 2014, 01:59:42 AM |
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Guy got 259 upvotes for my updated bubble graph and didn't even credit MrPiggles
You forgot to watermark it. he even got changetipped like a dollar. I got scammed ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) cut them (harsh) ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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spooderman
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October 31, 2014, 02:00:07 AM |
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The bear trolling is fair enough to be honest. Gox was a fuck up, China was almost a pump and dump, middle-men and miners are dumping constantly maintaining a vicious, self-perpetuating cycle of bearishness in the market.
However bitcoin will recover from all this. It will just take it's own sweet time.
Personally, I believe in it long term as a world changing technology.
Patience people.
spooderman you are in the UK right? No spodermen es frem Nu yerk.
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ChartBuddy
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October 31, 2014, 02:00:31 AM |
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empowering
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October 31, 2014, 02:06:36 AM |
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Stamp is anemic right about now.
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Walsoraj
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October 31, 2014, 02:09:13 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.
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MrPiggles
Sr. Member
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Decentralized Ascending Auctions on Blockchain
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October 31, 2014, 02:16:41 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like
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Walsoraj
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October 31, 2014, 02:21:05 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like Explain yourself.
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MrPiggles
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Decentralized Ascending Auctions on Blockchain
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October 31, 2014, 02:22:33 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like Explain yourself. it doesn't need explaining. you posted the stats for bitcoin, post the same stats for your beloved twinkle
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Walsoraj
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October 31, 2014, 02:24:08 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like Explain yourself. it doesn't need explaining. you posted the stats for bitcoin, post the same stats for your beloved twinkle Explain how that stat you demand is relevant to what I posted.
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MrPiggles
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October 31, 2014, 02:25:08 AM |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like Explain yourself. it doesn't need explaining. you posted the stats for bitcoin, post the same stats for your beloved twinkle Explain how that stat you demand is relevant to what I posted. because i am curious as to how ripple is doing in comparison. clearly it's doing worse or you'd simply post the stats
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noobtrader
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October 31, 2014, 02:26:22 AM |
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ok what was that a test pump ?
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Walsoraj
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October 31, 2014, 02:29:15 AM Last edit: October 31, 2014, 02:43:22 AM by Walsoraj |
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Stamp is anemic right about now.
That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today. what is ripple volume like Explain yourself. it doesn't need explaining. you posted the stats for bitcoin, post the same stats for your beloved twinkle Explain how that stat you demand is relevant to what I posted. because i am curious as to how ripple is doing in comparison. clearly it's doing worse or you'd simply post the stats I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth? *edit* http://www.ripplecharts.com/#/valueUnfortunately, Ripplecharts is bugged and doesn't always show depth accurately. You can check the amount of USD bid depth at a particular address or gateway here: https://ripple.com/graph/Below are the exchange gateways with the most USD: Stamp: rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B SnapSwap: rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q ALSO: All of the fiat sitting on Stamp, off- or on-book, can be instantly withdrawn to its Gateway and therefore is potential Ripple bid depth. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) SnapSwap has stated they can increase liquidity when needed. Unknown how much is sitting off-Gateway. Probably a lot.
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empowering
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October 31, 2014, 02:31:14 AM |
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Eitherway, that orderbook (for what it is worth) on stamp is looking thin right this second.....
Que........
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MrPiggles
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October 31, 2014, 02:37:47 AM |
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you posted the stats for bitcoin, post the same stats for your beloved twinkle
I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?
You knew what I meant you avoided the question for a reason
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noobtrader
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October 31, 2014, 02:42:11 AM |
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you posted the stats for bitcoin, post the same stats for your beloved twinkle
I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?
You knew what I meant you avoided the question for a reason wow ripple was so awsome, btw how does it feel when you give service to the banking system for free
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Walsoraj
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October 31, 2014, 02:42:41 AM Last edit: October 31, 2014, 03:03:28 AM by Walsoraj |
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you posted the stats for bitcoin, post the same stats for your beloved twinkle
I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth? *edit* http://www.ripplecharts.com/#/valueUnfortunately, Ripplecharts is bugged and doesn't always show depth accurately. You can check the amount of USD bid depth at a particular address or gateway here: https://ripple.com/graph/Below are the exchange gateways with the most USD: Stamp: rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B SnapSwap: rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q ALSO: All of the fiat sitting on Stamp, off- or on-book, can be instantly withdrawn to its Gateway and therefore is potential Ripple bid depth. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) SnapSwap has stated they can increase liquidity when needed. Unknown how much is sitting off-Gateway. Probably a lot. You knew what I meant you avoided the question for a reason wow ripple was so awsome [sic], btw how does it feel when you give service to the banking system for free Will feel great when investment bankers start pumping.
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ChartBuddy
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October 31, 2014, 03:00:31 AM |
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