Ripple bubble - page 2. | Bitcointalksearch.org

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Bimmerhead on February 23, 2013, 02:01:19 PM

Currently the best bitstamp ASK on XRP (ripples) is 47,500:1btc.

At 100,000,000,000 XRP minted and a BTC:USD rate of $28.25 that's a total market value of $59,473,684.

Seems a little pricey.

The best BID is 12,501 XRP:BTC. That gives a market value of $225,981,921. Shocked

I cannot find anywhere on Bitstamp.com a XRP order book. Can you point me in the right direction. At those prices I am likely to be game.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: magnebit on February 23, 2013, 04:22:28 PM

Ripples seem to be bootstrapped in that you have to have them to pay a transaction fee for a ripple transaction. That's it. All it's used for. Current transaction fee for a Ripple transaction is 1/10,000 of a ripple.

So, you need 300 ripples to start an account (why so many?) and 1 ripple for all the transactions you will be doing. Until there is sufficient transaction load to cause a higher transaction fee.

Am I missing something? I don't understand paying BTC for them at this point.

Ripple may be the coin for you if you:
- Want to rely on trust nodes
- Want a centralized currency that is given to people at random; imagine your bank down the street throwing money at whoever walked by on the sidewalk!
- Want a network vulnerable to sybil attacks from bot nets that also expose validation nodes to DDoS attacks
- Want a blockchain that contains transaction fees that go to the network creator rather than the userbase that supports its security and are based on the whim of the distributor?

Ripple is more or less Solidcoin2 if Solidcoin2 were only mining by trust nodes instead of trust nodes and users and RealSolid was throwing money at everyone on the forum

debianlinux

full member

Activity: 221

Merit: 100

Saying you got yours doesn't make it not a scam. Saying you didn't when the promise was they were to be given to all does, however. I'd accept being told I am impatient but no one seems to think waiting 48 hours was impatient.

Melbustus

legendary

Activity: 1722

Merit: 1003

Got my 50k XRP yesterday. Used one today.

magnebit

newbie

Activity: 24

Merit: 0

Ripples seem to be bootstrapped in that you have to have them to pay a transaction fee for a ripple transaction. That's it. All it's used for. Current transaction fee for a Ripple transaction is 1/10,000 of a ripple.

So, you need 300 ripples to start an account (why so many?) and 1 ripple for all the transactions you will be doing. Until there is sufficient transaction load to cause a higher transaction fee.

Am I missing something? I don't understand paying BTC for them at this point.

Meizirkki

hero member

Activity: 616

Merit: 500

I also received my 50k XRP. I was #181

Not a scam Wink

debianlinux

full member

Activity: 221

Merit: 100

Right, giving to a select group while promising that you're actually giving to all is in no way a scam.

Trading

legendary

Activity: 1455

Merit: 1033

Nothing like healthy scepticism and hard evidence

Many people, including me, received the promised 50.000 XRPs. It wasn't a scam (and breaking a promise is wrong, but isn't necessarily a scam).

debianlinux

full member

Activity: 221

Merit: 100

As far as I am concerned the Ripple giveaway is a scam unless everyone else is also not seeing any balance after more than 48 hours of posting their wallet address. I posted again just in case the script magically skipped me.

suppp

sr. member

Activity: 288

Merit: 251

where I can see current XRP bid/ask?

Ignore@YourPeril

full member

Activity: 151

Merit: 100

Then you will be investing heavily in FreiCoin also, I presume? The freicoin foundation has a timeline for when all (or most) of their coins are given away as charitable grants. Not the same thing as Ripple, with the IOU functionality, i know. But still: FreiCoin is also a non-miner initial distribution coin the same way Ripple is.

nethead

sr. member

Activity: 322

Merit: 250

i love it, it gonna be the "APPLE" of coins

moocowpong1

member

Activity: 79

Merit: 10

I think people are assuming this is the next Bitcoin, and they want to get in at the ground floor... without realizing that XRP is one reserve change away from flooding the market at any point in the forseeable future, even after all the OpenCoin giveaways are over. No reasonable person would ever want to use XRP as a store of value under those conditions.

Bimmerhead

legendary

Activity: 1291

Merit: 1000

Currently the best bitstamp ASK on XRP (ripples) is 47,500:1btc.

At 100,000,000,000 XRP minted and a BTC:USD rate of $28.25 that's a total market value of $59,473,684.

Seems a little pricey.

The best BID is 12,501 XRP:BTC. That gives a market value of $225,981,921. Shocked

Topic: Ripple bubble - page 2. (Read 3203 times)