Topic: rpietila Altcoin Observer - page 12. (Read 387455 times)

i invest in BTC/DRK and EXCL [my sig]. imo best coins

I thought that the primary difference between Stellar and Ripple was that Stellar was supposed to achieve much wider/better distribution, first with their facebook giveaways, and then sometime soon I think they're supposed to distribute to all btc addresses above some threshold.

1.)
yes

I think almost use the same system to reach consensus as ripple does. bitshares are a collateral - it can be used to back some other commodity/currency etc pp, which are basically lend into existence and are oversecured at (200 or 300%). the mechanism is from an economists perspective relatively sound and clever, while still having some flaws, which are well described here (a little uberbearish): http://prestonbyrne.com/2014/08/17/dont-walk-away-run/

until now the system did not have a black swan event (I think it is almost rediculous to call that event black swan because it is much more likely). I am not as bearish as prestonbyrne regarding the project, but it suffers from one big flaw: for me it was a reason to sell (almost at ath ). the mechanism failed (at that point of time) to incentivesize to use or hold bitUSD over bitshares as well as over normal USD. While the last seems relatively clear, bitUSD are not as worthless as it seems compared to normal USD, having advantages regarding holding, sending etc. pp. . the additional condition to the first one was that the system in order to be successful needs to offer a high level of liquidity, which I could and can not see at this point of time, given that it is a kickstarter as well as poor risk/reward and little incentivisation.

overall the idea is brilliant, the mechanism is not bad and I will keep an eye on it (I would love to see a similar mechanism on top of bitcoin, which basically solves some of the problems bitcoin has as well as some of the problems bitshares has). it is definetely not the crappiest buy you can make, but I do not hold some. I think we will have time to see if it gets used, which basically offers a much better risk reward.

2)
no but I would be really interested in that, given that one can assume that ripple (not ripples) at least partially starts networking

As far as I know, UNO offers nothing new technologically. Correct me if I am wrong.
It simply has extremely low emission and the total supply is 250 000 UNO.
And the chart is very appealing.

What UNO has to offer? Anything new on its tech? How is it compares with bitcoin or litecoin etc?

>>Bryce Weiner. ughh,  does he do anything else than tweeting all the time?I am asking seriously.

I dont have any idea about it. But i just dont see the reason...



On the other hand, have you checked Gapcoin? Gapcoin has already in it's first 4 month of existence broken 544 records of first known occurrences in prime gaps. It was about to break the world record for highest merit before bitcoin dropped and hashrate dropped. If the Gapcoin mining difficulty reaches 35.4245, every block will be a new prime gap world record.

Now obviously you will say that scientific coins arent really that good economically speaking, but i dont know, with a current marketcap of 7500$ it looked like a sure bet to me. Although it isnt so easy to buy with so small marketcap/volume....

Edit: Obviously i own many of them.

Have you checked Unobtanium?
Only 15 UNO is created on daily basis and from May it will even be decreased to 7.5 UNO per day.
The charts look excellent since summer 2014.
It is still a small coin (marketcap only a few hundred of thousands).
It is recommended to buy UNO only with small incredements per day so that you will not be pumping the price too much. 1 btc a day is maximum one can spend.
The UNO fans are predicting it will reach 400 BTC per uno price at some point.  

The only problems with UNO is that there is a community literally begging the coin owners to sell some UNOs from time to time.
UNO may not be optimal coin for wide merchant adoption since not many are willing to spend UNO knowing it will be more expensive after 2-3 months from now. 

Altcoins will see virtually zero real world merchant transaction adoption for years to come. Until then, growing any altcoin is solely about making it attractive to speculators through hype, marketing, and the actual merit of the technology. Due to the high velocity of cryptocurrencies, merchant "adoption" (immediately cashing out into fiat), is really only useful insofar as it creates more hype and attracts more holders. Holding the coin for the purpose of wealth preservation is the most important non-speculative use of altcoins, not merchant adoption. If enough people hold the coin for the purpose of speculation and wealth preservation, merchants will be the ones pushing to obtain altcoins, rather than altcoin supporters pushing to obtain merchants.

Think about it from the merchant's perspective. How would you feel if someone approached you, begging you to accept their IOU or bitcoin or lucky rabbit's foot in exchange for your goods? You would rationally conclude that it's worthless and that they are trying to get one over on you. If they really thought that their bitcoin was valuable, they'd be giving you USD or EUR and keeping the bitcoin for themselves.

You might feel differently when someone approaches you begging you to accept their dollars. Then they ask you for their change in bitcoin. Then the buyer is communicating something entirely different.

To raise Altcoins real value then you need to create a true and continuous demand for it by growing the economy and getting more merchants and organizations involved.

I have been following Burst for a few months. Really like where it is going, also the activity seems to have picked up and the thread here on the forum is getting alot of good posts.

Treated it as a mine and sell coin in the beginning when it hit polo but now I'm actually buying.

I am invested in 3 cryptos:

BTC
XMR
BURST

Burst is innovative and I have a fat wallet and will continue to hold until I see it break out and then I will sell a little. Perhaps buy more Monero

I'll cross-post this BURST post here in the right thread. Any thoughts? Anyone researched it thoughtfully?

Anyone did in-depth research about:

1.) BitShares
2.) Stellar (Improvements/Changes) vs. Ripple

?

Thanks in advance for good answers.

I am mostly interested and curious what will the OpenBazaar do with the world of e-commerce...Because it could be a really big deal and change the way the online marketplaces work...and Bitcoin being the main currency...can you imagine if you put together amazon + ebay + bitcoin ? Crazy...

Speaking of governements, there is also the possibility to make it irrelevant (for the everyday user) by creating a state-controled sort of clone. PoS with transparent blockchain, cryptofiat.

• Enjoy the "advantage" of a PoS: as long as you have 51% of them, you have them all (you may also premine a PoW at 51% but that would be farther from governement habits). Ripple (and Stellar?) already has the support of banks, this helps a lot.
• Enjoy the "advantage" of transparent blockchain (every non-CryptoNote coin): complete monitoring of the money traffic. Great to fight tax evasion, be sure that no citizen is doing something not allowed, war on terror, etc... and even more tomorrow with pervasive monitoring, i.e. transparent-blockchain-based internet of things (Nick Szabo).

P.-S.: happy new year, altcoin observers!

I don't agree with the principles behind STR and XRP, but at least they are somewhat disruptive to the existing system albeit a servant to them. Not anywhere on the same order as BTC and such, those are replacements.

STR/XRP is probably going to be valuable to the existing financial system, it is a simple cost savings. A mid or long term "investment". I do see some of the banking system integrating it and if it
saves them money (cutting out clearance fees and such), I just see others to follow. But in time, what happens to BTC and the others? We all got that part down.

They still rise and apply more pressure to the existing system. One can argue in a sense that STR/XRP are mini-Trojan Horses, where as BTC is the mother of them all. So, perhaps STR/XRP are just softening up the banking system to give BTC more free reign. 

Whatever happens it is certainly going to get more interesting. I think we are close to having some killer apps for BTC and gaining more global acceptance. Maybe 2015 starts to give us more traction globally. The space is still moving fast but it really comes down to retailers. If BTC is going to save them money, they start accepting it.

IAS

Bummer.  That mean I can't tradez btc/usd any more on ripple?

No, there was no deal with RBS.  There was a hackathon at RBS in which some contestants from RBS integrated XRP into one of their FX platforms, whereupon XRP started on a tear.  It was done for a contest, for show, and not as a product, for use.  Now XRP (and STR) will return to their normal death throes.

Something about a huge deal with RBS?

I won't buy into the ATH, but will keep my eye out for a pullback.  Ripple has at least a couple of top shelf devs under their roof.

Marketing and FUD in the traditional media maybe?
http://www.businessweek.com/news/2014-12-15/bitcoin-bears-say-told-you-so-as-digital-currency-falls

What is behind the ripple rise recently?