^that's pretty much the attitude I meant: that you'd use whatever it takes to achieve financial gain without changing the world for the better.
Thanks for illustrating my point.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22925. (Read 26710536 times)
February 13, 2015, 05:30:21 PM
February 13, 2015, 05:27:05 PM
XRP functions as a transaction stamp and temporary holding/conversion currency. It's value is expected to rise as the network grows and becomes more useful. Ripple's alleged "premine" makes sense when you view XRP like a stock that is gradually issued as the company grows.
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
February 13, 2015, 05:24:37 PM
I'm not 100% convinced on XRP as an investment long term tho.
The distinction I'd make with this point (even though I agree with what you're saying) is thus:
Most of us want to see great returns from Bitcoin and we therefore see it as an investment. But even if Ripple were to gain you a return and was therefore a "good investment" would it trouble you that you'd used a protocol that has establishment links and is possibly a threat to the decentralised, free spirit of crypto?
I don't necessarily want to come across as a crypto-anarchist, but I'd rather support a genuine alternative to the economic system that's failing us.
February 13, 2015, 05:15:55 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view.Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins.
Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new.
I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho.
This is 100% a regurgitation of Ripple Labs disingenuous PR.
February 13, 2015, 05:14:35 PM
I'm not 100% convinced on XRP as an investment long term tho.
This is an enduring mystery to me. I think a lot of BTC types feel threatened by something which really has little or no resemblance if they looked into it. The more I read about Ripple, the more confused I become so I'll leave it to someone with half a clue.
February 13, 2015, 05:13:19 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view.Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins.
Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new.
I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho.
Spot on. Hard to find good posts like this. The Bitcoin community is not a nice place anymore.
February 13, 2015, 05:05:45 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view.Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins.
Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new.
I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho.
February 13, 2015, 04:59:42 PM
February 13, 2015, 04:59:17 PM
Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
Barely anyone is using it. It's a textbook example of why a market cap is a worthless metric.
Check out the more meaningful stats. r/ripple currently has two users online. xrptalk has a bit over 3000 members in total.
But none of that counts for shit either if heavy financial hitters are warming up to using it.
February 13, 2015, 04:58:07 PM
Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
February 13, 2015, 04:55:14 PM
Ripple isn't dead.
You can't kill what has never lived.
You can't kill what has never lived.
It's a sleeping dragon.
February 13, 2015, 04:52:56 PM
Walsoraj is the only person on my ignore list because of his constant ripple plugs. Post about your centralized corporate proprietary coin in the altcoin section. It doesn't belong here.
February 13, 2015, 04:51:46 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
February 13, 2015, 04:48:26 PM
Is this another dead cat bounce 
Yes, and should should bounce out of here like a dead cat now.
February 13, 2015, 04:46:13 PM
I'm fundamentally put off by Ripple being centralised and having seemingly much investor backing by those that are already part of the financial system.
I'm no expert; I've only casual knowledge of the Ripple system but it appears to be the one crypto that is funded and driven by those already involved in banking and position of financial power.
I'm interested in up and coming alts (or crypto 2.0, if you will) and I have invested in a couple, but I'd be very happy if one of the genuinely decentralised systems usurp it over the next couple of years.
Wishful thinking, maybe, but I don't want to use a crypto version of the current banking system. I'm happy to be corrected if I'm wrong, though.
I'm no expert; I've only casual knowledge of the Ripple system but it appears to be the one crypto that is funded and driven by those already involved in banking and position of financial power.
I'm interested in up and coming alts (or crypto 2.0, if you will) and I have invested in a couple, but I'd be very happy if one of the genuinely decentralised systems usurp it over the next couple of years.
Wishful thinking, maybe, but I don't want to use a crypto version of the current banking system. I'm happy to be corrected if I'm wrong, though.
The Ripple gateway will help facilitate the use of BTC by banks and financial institutions. It can only be a good thing in that sense. Ripple the token? Meh.
February 13, 2015, 04:44:25 PM
Any speculations on what will happen with the price, once the Ethereum comes in next month ?
Ethereum will bring publicity to crypto, it won't replace Bitcoin. It will do its own thing and Bitcoin will benefit.
February 13, 2015, 04:43:34 PM
Any speculations on what will happen with the price, once the Ethereum comes in next month ?
Ethereum launching to a jawbreaking yawn closes the door on Vitalik's year-long FUD tour de force and triggers renewed interest in Bitcoin.
February 13, 2015, 04:43:04 PM
Is this another dead cat bounce
Well nothing changed in Bitcoin in general. Just some lines signaled the day-traders to buy. It will retrace back soonish.. Don't panic..
February 13, 2015, 04:40:50 PM
Is this another dead cat bounce
February 13, 2015, 04:38:01 PM
Any speculations on what will happen with the price, once the Ethereum comes in next month ?
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