The Great Decoupling - page 2. | Bitcointalksearch.org

Eamorr

sr. member

Activity: 280

Merit: 250

Quote from: unusualfacts30 on January 14, 2015, 03:01:37 AM

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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.

unusualfacts30

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Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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.

Eamorr

sr. member

Activity: 280

Merit: 250

S'e's coming up!!!

While everyone watches Bitcoin implode on itself, the decoupling is beginning. We're currently testing how deep XRP can go.

In about a year, it will be:

dsattler

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Activity: 924

Merit: 1000

Quote from: FandangledGizmo on January 13, 2015, 04:38:23 PM

Quote from: dsattler on January 13, 2015, 03:28:06 PM

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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.

NuBits is quite a risky way to store the value of a dollar on a blockchain.

I would suggest you read this post - http://bytemaster.bitshares.org/article/2015/01/13/NuBits-is-a-Ponzi-Scheme/

(Bytemaster is a founder of BitShares which has a dollar stable asset of it's own BitUSD, so you could argue he is biased but I think his explanation is sound.)

If you want to understand how BitUSD works check this out
http://bitshares.org/the-value-proposition-of-bitshares-part-ii-bitassets/

In response to OP about decoupling, hopefully some will soon. I believe POW has been proved inefficient by the market. Once LiteCoin drops out, Bitcoin may be the only POW in the top 8.

No/Low inflation D/POS systems are better.

However all unstable crypto is in trouble because when you spend it businesses have to sell it for fiat.
https://bitcointalksearch.org/topic/m.10128457
Only BitShares with BitUSD, BitCNY & BitEUR has anticipated this problem and is able to offer businesses a secure, stable decentralized currency asset which increases demand for the backing crypto BitShares.

That's a lot of info, but yes I think there is a decoupling happening soon.

So what? It's a crypto currency after all, nothing gold-backed... Huh

Only time will tell if it's sustainable, though it's working for me since 3 months. NuBits are still 1 USD each.

tokeweed

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Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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 think we need new bit.FIAT implementations. bitshares and nubits are probably steps in the right direction.

r0ach

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Activity: 1260

Merit: 1000

Quote from: Eamorr on January 13, 2015, 04:08:30 PM

Quote from: r0ach on January 13, 2015, 03:25:53 PM

The Cryptoshekel bull run begins...

https://bitcointalksearch.org/topic/ann-shkl-cryptoshekel-launched-pools-up-running-shilling-intensifies-394123

Disgusting. Especially for a Snr member of this site.

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

FandangledGizmo

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Activity: 1138

Merit: 1001

Quote from: dsattler on January 13, 2015, 03:28:06 PM

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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.

NuBits is quite a risky way to store the value of a dollar on a blockchain.

I would suggest you read this post - http://bytemaster.bitshares.org/article/2015/01/13/NuBits-is-a-Ponzi-Scheme/

(Bytemaster is a founder of BitShares which has a dollar stable asset of it's own BitUSD, so you could argue he is biased but I think his explanation is sound.)

If you want to understand how BitUSD works check this out
http://bitshares.org/the-value-proposition-of-bitshares-part-ii-bitassets/

In response to OP about decoupling, hopefully some will soon. I believe POW has been proved inefficient by the market. Once LiteCoin drops out, Bitcoin may be the only POW in the top 8.

No/Low inflation D/POS systems are better.

However all unstable crypto is in trouble because when you spend it businesses have to sell it for fiat.
https://bitcointalksearch.org/topic/m.10128457
Only BitShares with BitUSD, BitCNY & BitEUR has anticipated this problem and is able to offer businesses a secure, stable decentralized currency asset which increases demand for the backing crypto BitShares.

That's a lot of info, but yes I think there is a decoupling happening soon.

Eamorr

sr. member

Activity: 280

Merit: 250

Quote from: r0ach on January 13, 2015, 03:25:53 PM

The Cryptoshekel bull run begins...

https://bitcointalksearch.org/topic/ann-shkl-cryptoshekel-launched-pools-up-running-shilling-intensifies-394123

Disgusting. Especially for a Snr member of this site.

Brilliantrocket

hero member

Activity: 826

Merit: 500

Quote from: dsattler on January 13, 2015, 03:28:06 PM

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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?

dsattler

legendary

Activity: 924

Merit: 1000

Quote from: Eamorr on January 13, 2015, 03:22:43 PM

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.

r0ach

legendary

Activity: 1260

Merit: 1000

The Cryptoshekel bull run begins...

https://bitcointalksearch.org/topic/ann-shkl-cryptoshekel-launched-pools-up-running-shilling-intensifies-394123

Eamorr

sr. member

Activity: 280

Merit: 250

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.

Topic: The Great Decoupling - page 2. (Read 1758 times)