Topic: Ripple Price: Do you think this is a bubble ? - page 2. (Read 1795 times)

Quote from: anderl on June 03, 2013, 08:44:49 PM

incorrect. bitcoin generation has a cost to generate revenue. if the costs exceed revenue miners leave the market until costs are inline with revenue. that is a cots to generate.

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50. That would be a loss.

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question. what does it cost to produce a ripple. buy and produce are 2 different things. most consumer don't know that. what is the fabrication cost? I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price. that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001. the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin. so a ripple has much less intrinsic value that a bitcoin does. always will

Cause you are looking at xrp as a "currency". What if we look at it as company shares ?

you mean a derivative then?

mah87

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Quote from: mah87 on June 03, 2013, 08:38:34 PM

Quote from: mah87 on June 03, 2013, 08:38:34 PM

incorrect. bitcoin generation has a cost to generate revenue. if the costs exceed revenue miners leave the market until costs are inline with revenue. that is a cots to generate.

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50. That would be a loss.

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question. what does it cost to produce a ripple. buy and produce are 2 different things. most consumer don't know that. what is the fabrication cost? I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price. that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001. the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin. so a ripple has much less intrinsic value that a bitcoin does. always will

Cause you are looking at xrp as a "currency". What if we look at it as company shares ?

anderl

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Quote from: markm on June 03, 2013, 08:40:10 PM

incorrect. bitcoin generation has a cost to generate revenue. if the costs exceed revenue miners leave the market until costs are inline with revenue. that is a cots to generate.

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50. That would be a loss.

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question. what does it cost to produce a ripple. buy and produce are 2 different things. most consumer don't know that. what is the fabrication cost? I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price. that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001. the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin. so a ripple has much less intrinsic value that a bitcoin does. always will

mah87

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Quote from: mah87 on June 03, 2013, 08:31:19 PM

ripple has an antispam measure but it's not the aim of this.... I don't get it.

Sounds like you are not familiar with XRP then, the excuse given for even having XRP exist at all is that they are the anti spam measure, by making it cost something to do transactions, with XRP being that something.

Have you actually read up on Ripple at all?

-MarkM-

Yes and if i read well the "reserve" and small cost transaction (xrp destruction) is designed to avoid network spam. But where is it written that it is the main goal ? To me it seems just a way to avoid spam problem ...

markm

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Quote from: mah87 on June 03, 2013, 08:31:19 PM

ripple has an antispam measure but it's not the aim of this.... I don't get it.

Sounds like you are not familiar with XRP then, the excuse given for even having XRP exist at all is that they are the anti spam measure, by making it cost something to do transactions, with XRP being that something.

Have you actually read up on Ripple at all?

-MarkM-

mah87

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Quote from: markm on June 03, 2013, 08:29:12 PM

incorrect. bitcoin generation has a cost to generate revenue. if the costs exceed revenue miners leave the market until costs are inline with revenue. that is a cots to generate.

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50. That would be a loss.

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

anderl

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Activity: 714

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incorrect. bitcoin generation has a cost to generate revenue. if the costs exceed revenue miners leave the market until costs are inline with revenue. that is a cots to generate.

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50. That would be a loss.

Tell me how much it cost to produce 1 ripple?

mah87

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Activity: 756

Merit: 500

-Bitcoin & Ripple-

Quote from: mah87 on June 03, 2013, 08:27:02 PM

How this is related to spamming cost Huh

The purported rationale for the existence of ripples is as an anti-spam measure.

Thus if they are too cheap to convince people not to spend them on spamming they are not in a bubble, but if they cost more than is needed to keep people from blowing them on spamming then maybe a bubble might be in progress.

Or they lied about the real reason for them existing, and anti spam measure is just yet another excuse for spawning yet another scamcoin. Wink

-MarkM-

ripple has an antispam measure but it's not the aim of this.... I don't get it.

mah87

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Quote from: anderl on June 03, 2013, 08:26:46 PM

Quote from: mah87 on June 03, 2013, 08:25:31 PM

Quote from: anderl on June 03, 2013, 08:23:50 PM

Quote from: mah87 on June 03, 2013, 08:27:02 PM

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan it is an an intangible debt on an intangible asset. its a derivative and as a derivative the only worth it has is what people say it has until it is worthless. at least bitcoin has value in that there was a cost in mining it (electricity, hardware). derivatives are made up out of thin air.

bitcoin value is not what it cost to produce... wrong way to see xrp also.... actual xrp value is like ripple shares would be sold on a market place. Same thing.. and you can have some bubble effect like in it bubble in 2001

that's not the point... I noticed a lot of new comer argue that

it very much is the point. you asked if it is a bubble. a derivative is a bubble in that it leverages the underlying asset. most newcomers don't understand that.

markm

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How this is related to spamming cost Huh

The purported rationale for the existence of ripples is as an anti-spam measure.

Thus if they are too cheap to convince people not to spend them on spamming they are not in a bubble, but if they cost more than is needed to keep people from blowing them on spamming then maybe a bubble might be in progress.

Or they lied about the real reason for them existing, and anti spam measure is just yet another excuse for spawning yet another scamcoin. Wink

-MarkM-

mah87

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Quote from: markm on June 03, 2013, 08:24:57 PM

Quote from: mah87 on June 03, 2013, 08:22:01 PM

Quote from: markm on June 03, 2013, 08:19:23 PM

Quote from: mah87 on June 03, 2013, 08:25:31 PM

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

How many billionths of a Ripple does a transaction cost?

If that is massively more than it takes to keep people from spamming the system with transactions, yes it is a bubble.

If it is low enough that spamming is cost-effective, then no it is not a bubble and in fact they should cost more (per transaction, not necessarily per ripple).

-MarkM-

How this is related to spamming cost Huh

anderl

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Quote from: anderl on June 03, 2013, 08:23:50 PM

Quote from: anderl on June 03, 2013, 08:23:50 PM

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan it is an an intangible debt on an intangible asset. its a derivative and as a derivative the only worth it has is what people say it has until it is worthless. at least bitcoin has value in that there was a cost in mining it (electricity, hardware). derivatives are made up out of thin air.

that's not the point... I noticed a lot of new comer argue that

it very much is the point. you asked if it is a bubble. a derivative is a bubble in that it leverages the underlying asset. most newcomers don't understand that.

mah87

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Activity: 756

Merit: 500

-Bitcoin & Ripple-

Quote from: mah87 on June 03, 2013, 08:22:01 PM

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan it is an an intangible debt on an intangible asset. its a derivative and as a derivative the only worth it has is what people say it has until it is worthless. at least bitcoin has value in that there was a cost in mining it (electricity, hardware). derivatives are made up out of thin air.

that's not the point... I noticed a lot of new comer argue that

markm

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Quote from: markm on June 03, 2013, 08:19:23 PM

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

How many billionths of a Ripple does a transaction cost?

If that is massively more than it takes to keep people from spamming the system with transactions, yes it is a bubble.

If it is low enough that spamming is cost-effective, then no it is not a bubble and in fact they should cost more (per transaction, not necessarily per ripple).

-MarkM-

QuantPlus

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For Market Cap one only counts released XRP.

1.5 billion x $0.018 = $27 million market cap in Beta

At 2% of Bitcoin market cap... Ripple Beta is probably undervalued.

anderl

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Quote from: markm on June 03, 2013, 08:19:23 PM

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan it is an an intangible debt on an intangible asset. its a derivative and as a derivative the only worth it has is what people say it has until it is worthless. at least bitcoin has value in that there was a cost in mining it (electricity, hardware). derivatives are made up out of thin air.

mah87

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Activity: 756

Merit: 500

-Bitcoin & Ripple-

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

markm

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Activity: 2940

Merit: 1090

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

erk

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There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

mah87

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Activity: 756

Merit: 500

-Bitcoin & Ripple-