Topic: The Great Decoupling (Read 1758 times)

I would tend to agree. Ripple Labs do a lot more than just tech. Not only have they got top engineers and money - they also have influence and are negotiating with banks and liaising with governments.

Though there will be an epic battle - I feel it will be between XRP and Stellar. NXT will be banging the open-source hippie commune drum loudly for a good while yet. The "anonymous" new-world-order cryptos (for buying drugs) will die. Bitcoin will be around for a good while yet.

BitShares is a decentralized exchange So with BitUSD there is no need for future contracts or centralized risk. 2015 is the year of the decentralized Bitcoin exchange

https://www.cryptocoinsnews.com/2015-year-decentralized-bitcoin-exchange/

http://m.youtube.com/watch?v=TtCVRIwcBYU

The new BitShares site is being revamped should be updated by next week & a video on the decentralized exchange too soon.

The Cryptoshekel with all its implications will not come along as visible as this ...
So, which altcoin is intended to be it? My guess is .... Ripple/XRP ...

Why? Because of the inbuild debt-mechanism, the PR and some more indicators ...

Bitcoin will always be but an altcoin can def come in and snatch some signif market share

Of course futures markets are "centralized". As is every Bitcoin exchange on the planet.

A future is a contract. It involves trusting the exchange will pay out on maturity.

I don't see it yet and won't happen for a while.

The futures markets are centralized is my understanding & they still don't let you maintain the value of a USD easily which is what most businesses work to with regards to expenses or a BitCurrency. (The fact that 100 000+ businesses, selling hundreds of millions in sales for USD from BTC immediately with no evidence they are using the futures market shows you're wrong and the market is looking for fiat stable decentralized assets.)

The poster before who said NuBits has held the value of a dollar after 3 months so you're happy. You are the kind of person they rely on not to analyse the system.

http://bytemaster.bitshares.org/article/2015/01/14/A-New-Perspective-on-NuBits/

Lets say there's a 30% chance their system could fail within a year. Then a NuBit is actually only worth $0.7 as you are paid no interest to get one, then you are taking the bad end of the deal imo.

Bitcoin won't hold it's value but it compensates with the chance of gaining in value at least.

If you want to look at a system that is sustainable and backed by an average of 300% collateral in BTS, I would suggest BitUSD ofc.

Maybe he means AUD or NZD??? LOL

Sure, you could do even better if you peg a crypto currency to a basket of values like USD, CHF, EUR, CNY, gold and silver...

How much has the dollar lost against BTC this year?

Borg hey - they really should have made that sha256 but?

it's a contender !

For those who require stability, instability can be evened out with futures markets.

The classic is the winter farmer who wants to hedge his income. If there's a bumper harvest, he loses out. However, if there's a drought, he still gets paid.

There are already many futures services available for Bitcoin (and pretty much all the alt-coins of significance).

So I don't buy the assertion that instability is problematic.

So what's your idea for a stable crypto currency? Euro, silver or gold-backed? Look at last year's charts!

we need demand more other basecurrency on exchanges - bitcoin and litecoin are not cutting it.
More altcoins to fiat exchange directly!!!!

Bitcoin holds all coins down!!!

Bitcoin's market cap now $2.4bn (x5 the nearest alt-coin)

Just last week, the multiple was x7

How do I calculate the multiples for the last 18 months? There you could see some very interesting results.

A coin that is designed to lose value along with the dollar. brilliant!

I still think BTC is the only thing that will stick for the long term. Real money is not going in any other crypto.

Bitcoin is not a "reserve". Sure, it's sort of a crypto reserve, but it's iron grip is loosening. Fast.



Factually incorrect. One is left wondering what else you're factually incorrect on.

Of course.

As for XPY, I don't really have much of an opinion on it. Doesn't look like it's particularly active or has much backing.

As for Dell, Microsoft... Desperate companies.

You quote a list of countries. None of these countries have an official policy on crypto (never mind Bitcoin). Whatever about laws, at best, they would have a tenuous set of "rules" for cryptocurrency users and businesses.

Bitcoin will be around for a long time. I agree.

But like the steam engine, it's use will be for nostalgic reasons. Not because it is capable of being the world's currency. It isn't.

Bitcoin's "tech" has nothing to do with its role as the cryptocurrency "reserve" (i.e. the one thats used to price everything else).

Over the last year there's been an army of alts that have way more advanced tech than bitcoin but they've not even made a dent in its marketcap - not even with the current crash. It's still 60 times the cap of its nearest competitor.

XPY is an interesting project but thats about it. You don't get the kind of track record bitcoin has overnight - whatever it's disadvantages it's becoming an increasingly known quantity. Hacks, market crashes, wallet proliferation, ETFs, died 50 times in the media, senate hearings, legistlation, Virgin Galactic, Dell, Dish, Microsoft.....all that stuff takes years and the they're not pretty.

If XPY or any other contender wants to be the new number one then it's going to have to go through all that as well, so expect at least a 5 year rights-of-passage phase. Meanwhile, Spain has just made Bitcoin available at 10,000 ATMs throughout the country, Australia, Switzerland and the US are spreading BTM's, POS payment terminals are being rolled out in Germany....it doesn't stop.

Bitcoin ain't going anywhere. It has to die in this crash for it not to - I wouldn't hold my breath. Bitcoin's "tech" is perfect for the role it has to play. For everything else there are alts in specific market sectors. Confirmation times are good - slow and reliable but a 100 times faster than a bank which takes a day or two.

That's right, XPY walks straight.

Of course XRP relies on BTC. You seem to believe people here are denying this?

All I'm saying is that decoupling from old tech BTC is a good thing (and inevitable).

I hope XPY succeeds in helping you make a profit. XRP wants to be the lingua Franca of currency - it wants to help ordinary people sell their goods/services more efficiently, and help them to make a better profit along the way.

I don't think Ripple can even walk straight without BTC supporting it. lol

It's going to be XPY, bro. It's the next big thing and timing of it couldn't be better. Josh announced that $20 buy back and next thing you know BTC price starts dropping like a bomb. Even old BTC holders are moving towards XPY because of profit they can make. I have a feeling it's going to have biggest market cap we've known in history of crypto.

I'm not talking about small marketcap. I'm talking about 500000 trillions of dollars moving to XPY. I"m talking about people selling their kids and house for XPY. Chaos on street and people killing each other just to get hold of some XPY. I'm talking about World  War 4! I'm talking about Nuclear bombs getting dropped to get hold of some XPY.

This is history in the making.