Topic: Delusional bulls be Like... (Read 5386 times)

irony much?

The sheer fact that you would consider ripple a "credible alternative" is completely beyond me... I don't know if you're aware of the full history of the thing though, but whatever credibility it had, is long lost...
It doesn't mean there's no place for it in the world, I'm sure there is, just not in my open and free world. I'll pass on this one.

https://bitcointalksearch.org/topic/exposing-the-ripple-scam-224365

Good thread on the ripple thing.
Fact is if big names werent involved in Ripple it would have crashed a long time ago.

Rather narrow minded summary you're giving there, and wrong as well. Since when did Ripple become a 'scheme'? I love the ignorance of a lot of people on these boards, especially regarding Bitcoin alternatives. Everything will be used to frame a credible alternative as a scam/scheme or something other negative something.

I do agree that both do not compete, and Bitcoin could remain to exist in the Ripple infrastructure, as Ripple is simply much more than simply XRP. XRP is actually just a side thing in the greater spectrum.

If by messed up you mean going into the direction of KYC practices, then I say they did a good job over there at RL. Simply because governments will never - ever - allow the existence of an untraceable currency that can be used to launder money, buy drugs or evade taxes. Ripple is actually walking the correct path so far.

ripple shill 1
ripple shill 2
ripple shill 3
ripple shill 4


wonderful now that you are all have a gathering here it's way more easier to expand my ignore list

lol @ ripple

Bitcoin has some serious problems that have to be addressed... But ripple... Seriously? It's not even a comparison nor competitor... If you followed the development in ripple since the start you can see how it turned from a great idea like bitcoin into some messed up rigged banking scheme.

ripple aint worth shit .......il be sticking with btc

well they are not alone at having such doubts about bitcoin's inherent problems... they've seen enough of bitcoin to make those conclusions, even Max Keiser doesn't shill for bitcoin and had to resort to his own clones... what worries me about bitcoin is lack of innovation, the politics that's draining resources while eventually losing its race to more efficient and user-friendly technologies... reminds me UNIX back in the days being taken over by Linux... as much as people whine about ripple being centralized,  isn't bitcoin moving towards that direction already...? soon we're going to end up with just a handful of regulated exchanges, big ass mining operators that will push out average joe... you can imagine where ripple is going to be by the time all those inherent flaws of bitcoin are addressed...? And here comes the worst test for bitcoin what happens once all those big miners exit as soon as it's fully mined, if there's not going to be real demand for blockchain the price will be so ridiculously low by then that they are not going to be there for TX fees that's for sure... as you know that hashrate is what keeps blockchain secure... At least one thing i like about ripple is that it doesn't feed greedy asic manufacturers, cloud mining operations and lazy ass clowns from bitcoin foundation...

That second trendline starting from the 200 bubble is too sharp, that was only a market misinterpretation of the effect of the reward halving.

Fair enough, but you said "WE don't want reversible transactions .." which I took to mean consumers in general

I've almost lost much more than that through an overly complex key security scheme for one of my wallets back in the day.  The reality is that holding Bitcoins in a wallet is no different than burying gold bars in the back yard.  You've got to keep the private keys somewhere.  You lose them, you're hosed.  Lose your password which secures the keys on your computer?  Hosed.  Someone steals them, you're hosed.  I don't care what physical security protocol someone has in place, there is always a flaw which can be exploited.  There is no such thing as perfect security in the physical world.  Digital currency is great, but people need to recognize the risks of directly handling non-refundable ledger entries.  So, I agree with you as far as getting family and friends involved.  To them I say only park as much money in Bitcoin as you're willing to lose.  Banks fuck up left and right as well, but I've never lost a cent due to fraudulent transactions or loss of a banking password.  Things to consider from outside the Bitcoin echo chamber.

I want both tbh....
If I'm ordering something from some dodgy eBay seller in China I'll use PayPal
If I'm sending £100,000 to my sister in Australia, il use btc
If I'm in a third world country and I want to buy a burger and a beer I'll probably use cash

I don't know why people think it has to be all or nothing, Bitcoin and every other form of money  has its advantages and disadvantages, learn to use them   all to your benefit... /

So you're suggesting that banks and credit cards be replaced with a technology where transactions cannot be disputed?  If so, I consider you to be certifiably nuts.

Around October last year someone screwed me for around €7500 worth of BTC, I never saw that money again, if that money happened to be stolen/hacked from my Paypal account or Credit Card It would be back into my account in a matter of days, it hurts because I didn't find that money laying around somewhere, that amount of money is critical to many people, in fact it is critical for me as well but I didn't go bankrupt, and I learned my lesson... do I hate Bitcoin because of that, NO... will I recommend using Bitcoin to my family and friends, Hell no, not at this point.


There are so many things that needs improving before Bitcoin can get the mass adoption it needs, right now it is just a hype get rich quick scheme for the delusional hopeless speculators.

We don't want reversible transactions....

Listen to this man.  It's all about what your average consumer wants.  They don't care about the blockchain, or decentralization, or cryptography, or any of these buzz words.  It doesn't matter if the government runs it, a gigantic corporation runs it, or if it's driven by a block chain.  They want something quick, easy, and reversible.  If that's Bitcoin, fine.  If that's a credit card, alrighty.  Ripple, Applepay, etc?  Doesn't matter, so long as their simple demands are met.

Something to ponder: In the physical world, business moves at a certain pace.  Anything internet-based is competitive beyond imagination and moves at an lightning pace.  Whichever payment system survives, it will have to be flexible.  That means new features being implemented in months, not years.  That means not having to beg and plead for a miner consensus.  Like it or not, delivering the latest and greatest features to the consumer will require centralization.  Bitcoin must adapt, innovate, improve, compete, etc. or it will perish.

Everyone shits all over it because it deserves it right now.

I will just leave this here too

I got an E-mail update from Linkedin, I checked out and it seems like some of Bitstamp employees were changing their work to a new company called GateHub Limited., So I Googled it to try to understand the reasons behind it and came to find this

This is what was interesting to me:



They just shitted all over Bitcoin.

Unless you think that Bitcoin payment processors can work for free, there will be no discount [long term].

I never experience latency using CC, do you?

By staying away from Bitcoin, merchants don't even think about Bitcoin volatility.  No need to solve problems Bitcoin itself creates.


Transaction fees could only grow over time.  At this point, miners don't rely on tx fees because they're allowed to "print money" [bitcoin block reward], at a rate of ~12% a year.  Fees will need to compensate for decreasing block rewards.