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

[ShroomsKit]

Ripple Ladies and Gentlemen,




( I own a small amount)

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

[mah87]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents . Same than bitcoin in the past. "Oh Bitcoin ? what is it ? Go away dummy with your scam" This exactly the same what's happening with Ripple. People don't understand early things;

[Walsoraj]

...

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

Compare btc and xrp 1d charts. Look at the last 4 months. XRP is headed towards the moon, while Bitcoin is destined to remain stuck in Earth's gravity.  IT IS A SCIENTIFIC FACT.

And yes, all downward xrp movements are a result of manipulative attempts to suppress genuine demand. This is the exact opposite of how bitcoin works.

[Richy_T]

Why do you people keep quoting that idiot Stolfi? Why? Don't you still not get it. If you say white he says black, when you say right he says left.

Jaws was never his scene and he don't like Star Wars.

I think Shroomsy wants to ride his bicycle.

[ChartBuddy]

Explanation

[marcus_of_augustus]

The article I cited does not mention corruption at all.  It just describes the way asset forfeiture works in the US currently.  It's not corruption if it's not illegal, right? Wink

No. I think the phrase is Banana Republic.

[Carra23]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

[derpinheimer]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Hmm, that's a good point. I dint care to learn what ripple is, but being that it's worse than bitcoin for sure, it is more likely to succeed.

On the other hand... Bagholders. Hella bagholders.

[ParabellumLite]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Sorry to break it to you, but this is the same uninformed bullshit about Ripple I see from so many people down here. Sure, the founders have allocated parts of the XRP funds to themselves. Only all are bound to lock up agreements, and will not kill Ripple out of some grand 'scheme'. Give me a good reason why they have multiple deals with banks now and are employing more and more people everyday if it is simply a scam.

Now I think about it: best buy me some Ripples as well. I would love it to be lower, but too bad that won't happen unless Bitcoin were to crash down to 50 bucks a bit quicker.

[Richy_T]

Why do you people keep quoting that idiot Stolfi Shromskit ? Why? Don't you still not get it. If you say white pump he says black dump, when you say right he says left. He only does this because of his sick need for attention. The subject is irrelevant. He will always say the opposite just so you reply to him to be overdramatic and catch attention.
Stop doing it. Don't give that retard what he wants.

Oops I did it again  

And now Brittney Spears. It's like some weird version of Bonaroo in here.

[jonoiv]

[ssmc2]

How much shilling and promoting of a scam-coin/protocol does one have to do to get banned?

[mah87]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Well not everything is perfect but they probably won't do that. They are the only one dealing with banks. Coinbase is working with banks. But RippleLabs is INTEGRATING banks this is far more ambitious.

The day we'll see the result of the banks they signed then it'll be too late to invest. But yes this is risky.

[mymenace]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Well not everything is perfect but they probably won't do that. They are the only one dealing with banks. Coinbase is working with banks. But RippleLabs is INTEGRATING banks this is far more ambitious.

The day we'll see the result of the banks they signed then it'll be too late to invest. But yes this is risky.

the idea of bitcoin is to get away from the banks methinks

this makes ripple even more undesirable to me, if it is about increasing your wealth then there a multiple opportunities to invest in, ripple included (except why did the dev do a runner to start stellar, what does he know?)

[dewdeded]

Fuck Ripple and it's paid shills!

[justusranvier]

Did I just read a post complaining about Ripple shills by a "Monero Evangelist?"

[RoadStress]

Ripple Sidechains will blow everything off very soon.

FTFY!

[hdbuck]

http://www.reddit.com/r/Bitcoin/comments/2mt1w3/oppose_jim_harper_for_foundation_unless_he_gives/

Oppose Jim Harper for Foundation

awsome response by gavin:

I enjoyed listening to your remarks from the recent Cato's monetary conference.

It will be very interesting to see how mining plays out over the next couple of decades; I don't think we know whether it will turn out to be very centralized (like the web searching market, with Google dominant), or pretty decentralized (like the general purpose computing market, which used to be very centralized in the era of mainframe computers but is now radically decentralized with all of us carrying computers around in our pockets).

I tend to think that we'll end up somewhere in the middle, because while there are economies of scale, there are also diseconomies of scale. Waste heat is a huge problem (as the datacenter fire in Thailand that took out a big Bitcoin miner shows), so spreading that out among lots of people where a little excess heat isn't a problem is a benefit.

Cheap electricity is a centralizing force, but my guess is that as miners figure out ways to use excess heat that might start to become important (mine in places with cheap electricity AND where the excess heat can be put to good use).

Mining in a pool requires very little bandwidth (just 80 bytes every few seconds to get a new block header to work on), so there is no centralization advantage for having lots of small miners.

Transactions are generated all over the world, so there should be no latency advantage to being in any particular geographic location.

In any case, it seems to me that there are so many variables that go into being a profitable Bitcoin miner (cost of electricity, cost of capital, access to latest chip tech... plus who knows what else in the future, maybe private deals with merchants for priority handling of their transactions...) that there is unlikely to be just one global optimum for the profitability equation.

And if you're correct, and there are economies of scale that will cause mining centralization that will destroy Bitcoin... it seems to me big merchants and exchanges should realize that is happening. In which case they might decide to sacrifice some short-term profits to invest in mining themselves to ensure the continued success of the whole system.

miners are playing a rough game. the equilibrium between greed and centralisation seems crucial.

[ssmc2]

Did I just read a post complaining about Ripple shills by a "Monero Evangelist?"

lol

[Tzupy]

I'm going to sleep, I hope I won't miss the fun. Tomorrow the market should decide, up or down.