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Topic: The Great Decoupling (Read 1727 times)

sr. member
Activity: 280
Merit: 250
January 16, 2015, 01:23:31 PM
#32

The Cryptoshekel with all its implications will not come along as visible as this Wink ...
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 Smiley ...

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.

legendary
Activity: 1138
Merit: 1001
January 16, 2015, 01:21:09 PM
#31
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


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

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

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.

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.

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.

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

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.
member
Activity: 106
Merit: 10
January 16, 2015, 01:03:15 PM
#30

The Cryptoshekel with all its implications will not come along as visible as this Wink ...
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 Smiley ...
newbie
Activity: 14
Merit: 0
January 16, 2015, 12:50:27 PM
#29
Bitcoin will always be but an altcoin can def come in and snatch some signif market share
sr. member
Activity: 280
Merit: 250
January 16, 2015, 07:32:49 AM
#28
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


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

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

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.

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.

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.
hero member
Activity: 518
Merit: 500
January 16, 2015, 05:19:38 AM
#27
I don't see it yet and won't happen for a while.
legendary
Activity: 1138
Merit: 1001
January 16, 2015, 04:31:10 AM
#26
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


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

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

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.

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.
legendary
Activity: 924
Merit: 1000
January 16, 2015, 03:54:25 AM
#25
A coin that is designed to lose value along with the dollar. brilliant!

How much has the dollar lost against BTC this year?

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...
legendary
Activity: 1008
Merit: 1007
January 15, 2015, 11:51:56 AM
#24
A coin that is designed to lose value along with the dollar. brilliant!

How much has the dollar lost against BTC this year?
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
January 15, 2015, 08:12:05 AM
#23

Hey, I didn't create the coin, but it is one of the altcoins your topic refers to overthrowing Bitcoin!

Maybe Borgcoin will beat the Cryptoshekel instead?

https://bitcointalksearch.org/topic/borgcoin-brg-bringing-order-to-chaos-574236



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

it's a contender !
sr. member
Activity: 280
Merit: 250
January 15, 2015, 06:39:55 AM
#22
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


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

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

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.
legendary
Activity: 924
Merit: 1000
January 15, 2015, 02:54:51 AM
#21
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


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

So what's your idea for a stable crypto currency? Euro, silver or gold-backed? Look at last year's charts!
full member
Activity: 468
Merit: 100
The world’s first Play, Learn and Earn
January 14, 2015, 08:59:31 PM
#20
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

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!!!
sr. member
Activity: 280
Merit: 250
January 14, 2015, 07:46:10 PM
#19
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.

legendary
Activity: 1106
Merit: 1000
January 14, 2015, 06:47:21 AM
#18
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

The only one I have heard of is NuBits: https://nubits.com

This crypto currency is pegged to USD, so 1 NuBit (NBT) is 1 dollar.
My new cryptocurrency Shitbits is also pegged 1:1 to the USD. How many can I put you down for?


A coin that is designed to lose value along with the dollar. brilliant!
newbie
Activity: 14
Merit: 0
January 14, 2015, 06:46:19 AM
#17
I still think BTC is the only thing that will stick for the long term. Real money is not going in any other crypto.
sr. member
Activity: 280
Merit: 250
January 14, 2015, 06:11:43 AM
#16

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time

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

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


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.

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

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.
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.

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.
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 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.
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.
legendary
Activity: 3066
Merit: 1188
January 14, 2015, 05:48:37 AM
#15

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time

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.

sr. member
Activity: 280
Merit: 250
January 14, 2015, 04:15:27 AM
#14
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

I agree. People get glued to BTC but it was only given as an "idea" and that's what people need to understand. You shouldn't get glued to an idea..you should learn something from it and make it better.

A large % of transactions in/out of XRP are in BTC, so it's understandable.

There's a lot of work to do before Ripple can become independent in its own right. All the tools, people, infrastructure (and money) is there.

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.

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.
hero member
Activity: 1540
Merit: 500
January 14, 2015, 04:08:46 AM
#13
Bitcoin has dominated all other cryptos. Without Bitcoin, we'd never be where we are today.

But Bitcoin is now old tech (that's my view). Bitcoin is incapable of being a global currency (either today or in 100 years' time).

And as Bitcoin becomes less and less dominant, can other cryptocurrencies now diverge independently from BTC?

Pretty much every cryptocurrency of significant market cap has danced in step with Bitcoin. Until now.

From the market over the last week, we can see the beginnings of alt-coins decoupling from the Bitcoin monster. It's sad to see Bitcoin dwindle away and so many people lose their money, but it has to happen this way. Bitcoin cannot do what we need it to do.

I agree. People get glued to BTC but it was only given as an "idea" and that's what people need to understand. You shouldn't get glued to an idea..you should learn something from it and make it better.

A large % of transactions in/out of XRP are in BTC, so it's understandable.

There's a lot of work to do before Ripple can become independent in its own right. All the tools, people, infrastructure (and money) is there.

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.
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