I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
Not today
Topic: Say bye to ripple, prepare to say bye to litecoin - page 3. (Read 7286 times)
Not today
Ps: Also note that the analogy made for litecoin that it is silver versus bitcoin gold is not valid. When gold was money, there was not enough of it, so silver was also used as money. There are enough bitcoins to serve the whole world.
Really now? That would only be true for a largescale adoption is BTC price was in the millions. Of course, 'early adopters' would be happy, but little sally would have to be content with her $1 satashi.
Perfectly right. But the bitcoiners intelligible argument is that sally's coin can be divided into a billion subcoins. What a relief for sally. (what economic problem can not be solved by decimals?)
I think that Ripple is here to stay and it has a bright future. Though probably XRP is a bit overpriced currently, but they don't claim it to be a store of value anyway, they say it is just the means to prevent transaction spam, so its price doesn't really mean anything (I expect it to fluctuate a lot due to giveaways, media attention, technical problems, etc).
XRP is as "overpriced" as BTC was in early 2011 when it went to dollar parity.
Maybe you are right.
I say that it is overpriced because:
1) its supply is potentially ~4762 times higher than Bitcoin's, and it is not clear how it will be distributed among users, and the issuer claims that XRP is not a currency, it is not intended for investment, it is just a mean to prevent spam.
2) it took 4 years for Bitcoin to reach its current value, there is strong community and infrastructure, it proved itself viable in wild but still requires much much development... whereas Ripple's sources are not published yet and it lives in controlled environment, and of course much less adopted than bitcoin
So I think 4-5K XRP/BTC rate could be a valid long-term goal... But looks like current price doesn't consider risks, it is probably just a result of the short term shortage of ripples, that can be caused by speculation (and can be easily solved anytime by OpenCoin).
Debt, lending, creating out of thin air? Don't deal with those gateways. The gateway dividendrippler.com backs all IOUs with specie BTC/LTC/TRC 1:1 ratio. No BTC are created. While not supported yet, we can easily prove we control all BTC/LTC/TRC and the amount of IOUs are public information. It would be 1:1 ratio at all times.
Why does one need ripple?
What if you trust Bitstamp or DividendRippler more than the guy paying you in BTC? No need to wait for confirms, as all IOUs have gone through the process of confirmation.
Think how exchanges work: Bitstamp, MtGox, Btc-e, etc.. All have their own trading software, their own matching algos, and their own IOU system in place. All have their own rules for depositing and withdrawing. Little redundant, dont you think? Why not have a decentralized system that everyone can use? Now you only need a gateway to specialize in accepting and redeeming IOUs.
I don't understand. I'm sorry.
That's another problem of ripple: complicated.
Please explain like I am a 5 year old.
It appears you never really knew Ripple or Litecoin, and you wanted to say bye without even meeting them?
I think that Ripple is here to stay and it has a bright future. Though probably XRP is a bit overpriced currently, but they don't claim it to be a store of value anyway, they say it is just the means to prevent transaction spam, so its price doesn't really mean anything (I expect it to fluctuate a lot due to giveaways, media attention, technical problems, etc).
XRP is as "overpriced" as BTC was in early 2011 when it went to almost dollar parity.
I think that Ripple is here to stay and it has a bright future. Though probably XRP is a bit overpriced currently, but they don't claim it to be a store of value anyway, they say it is just the means to prevent transaction spam, so its price doesn't really mean anything (I expect it to fluctuate a lot due to giveaways, media attention, technical problems, etc).
Litecoin has value over and above bitcoin because transfers are faster. In fact, there isn't really a reason for bitcoin to exist (sacrilege I know) once litecoin becomes mainstream, because it's the same but slower.
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
Translation: "I have more Litecoins than Bitcoins."
LOL
I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
And the argument is?
It doesn't matter if the vast majority of it is in the hands of opencoin, it's the same effect with BTC/LTC/Whatevercoin and early miners.
And since it is truly deflationary it will replace BTC as a speculative asset.
Added to this is it is professionally implemented, fully accessible in the web-browser. That goes a long way in our times.
And most importantly it's gonna stay valuable even when Bitcoin plunges to irrelevancy since it neither based on it's source code nor a 'coin' as such.
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I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
And the argument is?
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This is the altcoin subforum so I am not expecting balanced opinions on replies, but I want to expound a bit on the "copycats do not have a chance" thing.
The way I look at it is, that the digital currency world is actually much more cruel than that of PMs， as there is an inherent risk associated with copying Bitcoin's model of blockchain-you need to survive at the mercy of the Bitcoin network, some Bitcoiners can conduct a 51% attack on your network either with their big GPU farms or through botnets if they really feel the need to protect their stash, the most powerful network always wins, and the smaller ones could fail because no one will be interested in a unusable network.
As for Ripple, it's essentially a centralized network, and if I want to process my transaction centrally, I would rather go to some certified pros to do it in a legally enforceable way.
The way I look at it is, that the digital currency world is actually much more cruel than that of PMs， as there is an inherent risk associated with copying Bitcoin's model of blockchain-you need to survive at the mercy of the Bitcoin network, some Bitcoiners can conduct a 51% attack on your network either with their big GPU farms or through botnets if they really feel the need to protect their stash, the most powerful network always wins, and the smaller ones could fail because no one will be interested in a unusable network.
As for Ripple, it's essentially a centralized network, and if I want to process my transaction centrally, I would rather go to some certified pros to do it in a legally enforceable way.
Good arguments. Thanks for adding these.
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iPhone and iPad are both copycats. Enough said.
Copycats, as in copying a successful product?
If yes, what successful product did they copy?
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The market value of ripples is crashing and for good reason I believe.
Crashing as in "rocketing up big time" you mean?Oeps, thanks for correcting.
Still my argument stands. The market is also valuing Litecoin mostly up until now.
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Litecoin has value over and above bitcoin because transfers are faster. In fact, there isn't really a reason for bitcoin to exist (sacrilege I know) once litecoin becomes mainstream, because it's the same but slower.
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
Did you even read my post? Please try to refute the argument.
I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
The market value of ripples is crashing and for good reason I believe.
It's the value of Bitcoin that is crashing.
Last week 20,000 xrp could buy 1 bitcoin, now you need less than 10,000 - the value of xrp has doubled against bitcoin.
You need to swap the axes.
(NB - I think these prices are completely irrational - 7000 people trading their gifted xrp ignoring the other 99.7billion yet to be released to the public).
But Ripple isn't worthless.
Litecoin isn't governed by "the Foundation" therefore it has something that Bitcoin doesn't.
iPhone and iPad are both copycats. Enough said.
What it boils down to at the end of the day is that there needs to be a fairly standardised and easy to use interface to allow goods to be purchased electronically using altcoins (either one type or a combination of several in one payment) and be able to convert them into fiat at the merchant end fairly quickly to pay suppliers, rent and so forth, or else all cryptocurrencies will become follies. Whether that be Ripple or something else coming up on the horizon, something will be needed and soon. No interface = GAME OVER.
Quote
transfers are faster
As far as I know, this is a misconception of how blockchain works. Correct me if I'm wrong.edit: Litecoin block-rate is 2.5 minutes on average. My point is: Try to make successfull double-spend on Bitcoin network after 2.5 minutes. (excl. "dust" outputs)
Litecoin has value over and above bitcoin because transfers are faster. In fact, there isn't really a reason for bitcoin to exist (sacrilege I know) once litecoin becomes mainstream, because it's the same but slower.
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
Feathercoin, CHNCoin etc offer no benefit over litecoin, however...
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