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waqasniaz007 (OP)
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January 01, 2018, 11:42:15 AM |
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People are comparing XRP with BTC and predicting that Ripple will replace Bitcoin in near future. I am not really agreed to this, It may be another Alt coin which can replace Bitcoin in future but the question is, what will happen when Bitcoin reaches its maximum supply?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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TimeHacker
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January 01, 2018, 11:46:16 AM |
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Well, I think that the answer is quite easy... after reaching the max supply, there would be no more inflation (only a small deflation as some of the coins are getting lost every day), which means that if the demand will keep rising, the price will be rising substantially as well. The only question is: will the demand keep rising?
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abduljacklu
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ENTRY cryptocurrency
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January 01, 2018, 11:48:43 AM |
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Probably the price would be stable,why are you asking this? probably we are dead in that time,150years from now.
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MISS_nSTASSY
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Vena.Network
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January 01, 2018, 03:09:16 PM |
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What do you mean saying that ripple will replace bitcoin? If it will replace it on coinmarcetcap - that is only numbers, give me 1m$ and I will make the coin from rank 900-1000 the coin number one on coinmarketcap. If you are talking about ripple replace bitcoin as a currency and all cryptos will be compare to ripple - I'll leave this market, where centralized currency took control ove decentralized one. Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo  |
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CryptoRama
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January 01, 2018, 03:21:59 PM |
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what will happen? nothing much just the production of bitcoin is stopped, miners will still be used for transactions, so they can still mine and earn... this will happen in year 2140, so we have a long way to get there...
Ripple will never replace bitcoin...
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Maveth13
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January 01, 2018, 03:30:14 PM |
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Unless there's a change in bitcoin's protocol to allow more supply, then there would be no more coins to be mined. Logically, miners themselves would be the most affected by this. When this happens, miners would no longer 'mine' but only confirm transactions, and transaction fees would be their reward.
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cryptopuma
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SIMPLE SHOPPING AND SAFE PAY
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January 01, 2018, 04:55:44 PM |
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Probably the price would be stable,why are you asking this? probably we are dead in that time,150years from now.
I agreed with this,that wont be a problem for us because we are dead on that time,mining difficulties increases every transactions we made. |
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Zufox
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January 01, 2018, 05:26:26 PM |
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I do not think that Ripple will replace Bitcoin. Although, I think that Bitcoin with its slow and expensive transactions is much inferior to Ripple in technology. But bitcoin is the foundation. It's like gold in the usual world of money.
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Catost
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January 01, 2018, 05:32:31 PM |
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In my opinion the price will be more stable, but not very much, because its price depends on more factors. It is only speculation, many things could happen in the interim.
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cryptocue
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January 01, 2018, 05:43:12 PM |
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If that happens,we are probably dead a long time ago so dont worry bro we still have 150years to mine the BTC's.
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kueyen
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January 01, 2018, 05:48:29 PM |
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The final bitcoin is supposed to be mined sometime in 2140, so this question is not really relevant for a couple of reasons; such as all people currently alive being dead by then, and most probably bitcoin will not be around as well, since we have no idea what the economy will look like by then. So I wouldn't worry that much about what will happen to bitcoin then.
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iigor
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January 01, 2018, 05:51:18 PM |
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I don't believe that Ripple will ever replace Bitcoin. Ripple's supply is huge, so if Ripple get to 7-8$ and Bitcoin's price is the same Ripple will have bigger market cap. So what will that change??? I think nothing will change. I don't think people will ever look to Ripple the same way as they look Bitcoin.
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xanxus.kun
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You have to get what you want your own way.
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January 01, 2018, 05:57:02 PM |
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no more inflation and the considering that it reaches the max supply then the demand for it will grow and so is the value, I guess its not a bad idea to save some bitcoin now, though i believe the supply will last for a really long time so lets stop worrying about it.
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Marenos
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January 01, 2018, 05:58:45 PM |
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As long the people are going to trust in btc the price will rise. But a stable price would be much better than...
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Bitcoinfog
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January 01, 2018, 06:01:52 PM |
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I guess in this case its price won't be so volatile, and for the whales it will be difficult to manipulate the whole crypto market.
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ibrayzorhaf
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January 01, 2018, 06:04:46 PM |
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what causes bitcoin to crawl down at the end of this year?
should not it be for the beginning of the year should it increase?
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bigvito19
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January 01, 2018, 06:07:13 PM |
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xrp is not going to do nothing big
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irsykes
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Seabet.io | Crypto-Casino
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January 01, 2018, 06:15:25 PM |
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People are comparing XRP with BTC and predicting that Ripple will replace Bitcoin in near future. I am not really agreed to this, It may be another Alt coin which can replace Bitcoin in future but the question is, what will happen when Bitcoin reaches its maximum supply?
people with high supply of bitcoin will not only do nothing and see, maybe they will do something that can make bitcoin circulation still work as usual. i don't know about the price but maybe it will be good |
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sandy14350
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January 01, 2018, 06:29:36 PM |
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What do you mean saying that ripple will replace bitcoin? If it will replace it on coinmarcetcap - that is only numbers, give me 1m$ and I will make the coin from rank 900-1000 the coin number one on coinmarketcap. If you are talking about ripple replace bitcoin as a currency and all cryptos will be compare to ripple - I'll leave this market, where centralized currency took control ove decentralized one. Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo perfect answer, if ripple replaces bitcoin , then everyone will shift back to centralized economies called banks, but the vision of our great master satoshi was a decentralized economy, read his white paper of bitcoin, i merely dought if atleast 1% of the crypto world ever read the white paper of bitcoin. ripple is a banks currency , they are swallowing bitcoins and other limited alts into their economy and destroying the decentralized economy |
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waqasniaz007 (OP)
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January 02, 2018, 05:40:55 AM |
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Thanks everyone for the replies. I pretty much agree to that Ripple is centralized cant really take Bitcoin place by breaking the basic rule of crypto.
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