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

[ChartBuddy]

Explanation

[adamstgBit]

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.

Yea I totally understand what you mean.... However, atleast now, Chris Larsen says he will donate his whole 7 billion to the underbanked.
https://www.cryptocoinsnews.com/ripple-ceo-chris-larsen-to-donate-7-billion-xrp-to-the-underbanked/

 Arthur has some kind of agreement as well, Jed is the rogue millionaire selling $10,000.00 a week till like next August and then selling $20,000.00 a week for the next year after that and way more the year after that in a sick lockup agreement.

yes then they will create another 50Billion XRP to fund more "underbanked" poeple.

[adamstgBit]

ripple has gone parabolic. because magic.

[God27]

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.

Yea I totally understand what you mean.... However, atleast now, Chris Larsen says he will donate his whole 7 billion to the underbanked.
https://www.cryptocoinsnews.com/ripple-ceo-chris-larsen-to-donate-7-billion-xrp-to-the-underbanked/

 Arthur has some kind of agreement as well, Jed is the rogue millionaire selling $10,000.00 a week till like next August and then selling $20,000.00 a week for the next year after that and way more the year after that in a sick lockup agreement.

yes then they will create another 50Billion XRP to fund more "underbanked" poeple.

They might use that unallocated additional 50 billion they have to fund more "underbanked" people but 100 billion is all that will be created. The want to distribute the XRP to whatever gives them most liquidity and utility.

[podyx]

Yea, I'm gonna feel fucking played if ripple were to take over.

It doesn't matter what currency is the better one. What matters is what the mass population thinks is the better one. And unfortunately, I don't have alot of faith in the mass pop.

However, I do think that ripple is so stupid that even the average joe might discourage it...

[God27]

Yea, I'm gonna feel fucking played if ripple were to take over.

It doesn't matter what currency is the better one. What matters is what the mass population thinks is the better one. And unfortunately, I don't have alot of faith in the mass pop.

However, I do think that ripple is so stupid that even the average joe might discourage it...

Ripple Lab's founders and employees who created ripple were the ones having fun in bitcoin from 2010 to present. Ripple fixes a few things at the same time rubs people the wrong way.  I can spend my bitcoin at the store with my ripple wallet and the transaction will clear fast just like a credit card.

[Hunyadi]

ripple has gone parabolic. because magic.

Even Doge was a better flavor of the month week.

[Bitcoin_BOy$]

Bitcoin dead

[Elwar]

ripple has gone parabolic. because magic.

Even Doge was a better flavor of the month week.

At least Doge was decentralized. Even though it has a cap of several trillion doges.

[SnokkomBTC]

F*** Ripple, it's a BTC Forum

[adamstgBit]

fuck fuck fuck

bitcoin is dieing!

[God27]

F*** Ripple, it's a BTC Forum

Why can't one hold their BTC in ripple for faster and safer transactions?  Who cares about XRP?

[Walsoraj]

 

[Gyrsur]

want to have a paper wallet for my XRP! possible?  

[noobtrader]

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.

LOL
not sure if you are  jokin... 

[ParabellumLite]

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.

Yea I totally understand what you mean.... However, atleast now, Chris Larsen says he will donate his whole 7 billion to the underbanked.
https://www.cryptocoinsnews.com/ripple-ceo-chris-larsen-to-donate-7-billion-xrp-to-the-underbanked/

 Arthur has some kind of agreement as well, Jed is the rogue millionaire selling $10,000.00 a week till like next August and then selling $20,000.00 a week for the next year after that and way more the year after that in a sick lockup agreement.

Jed is bound to his 10.000 limit for the first two years. After that it rises to 20.000 for the third and fourth year. After that he basically do what he wishes, but Ripple will likely succeed even before he reaches the 20.000 limit. Jed is of no concern: why would he unload all his XRP (and take on all the legal trouble, because he's bound to not sell) while denying himself the chance to become a multimillionaire/ billionaire? Jed never finishes what he starts, he might be slightly unstable from time to time, but even he is not as retarded to make such a move.

[_javi_]

isnt it wall observer BTC/USD what we talk here??... that XRP premined coin should not be mentioned here. 100% offtopic.

[Gyrsur]

want to have a paper wallet for my XRP! possible?  

"From an accounting perspective, it is not possible to see outstanding IOU balances by simply viewing the negative balance of the cold wallet. Instead, one must take the absolute value of the cold wallet balance and subtract the current hot wallet balance. This construction may be considered simple compared to bank wallets, because it does not rely on rippling balances."

https://wiki.ripple.com/Hot_%26_cold_wallet_setup

[ParabellumLite]

isnt it wall observer BTC/USD what we talk here??... that XRP premined coin should not be mentioned here. 100% offtopic.

This topic has been standard off-topic since like thousands of pages ago. Also, it is relevant to the people that are not aware of the alternatives, especially those that lost a lot of money and are still holding onto their Bitcoin. They might take the right choice here and simply swap in those Bitcoins for XRP. Ripple's fundamentals are simply much better at te moment, and the prediction made by several forum members nearly a year ago already that Bitcoin in time will be replaced by a crypto 2.0 turns out to be completely true. The people claiming that back in January/February were the true visionaries in my eyes.

But come on, you see how the market is moving at the moment. You would literally scam yourself if you don't look at the alternatives and stay in this ever falling currency.

[adamstgBit]

Sell all the bitcoins

We need Ripples