Wait are they really called "Opencoin"? Is it meant to be ironic?
How can I mine some of these 'open' XRPs then?
How can I mine some of these 'open' XRPs then?
You don't mine them, you can beg some from OpenCoin Inc when they are feeling generous.
Topic: why invest in open coin? (Read 1690 times)
You don't mine them, you can beg some from OpenCoin Inc when they are feeling generous.
Wait are they really called "Opencoin"? Is it meant to be ironic?
How can I mine some of these 'open' XRPs then?
How can I mine some of these 'open' XRPs then?
Google ventures and Andean Horowitz among others are investing in open coin.
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
They are investing the biggest alt coin 100% pre-mine scam in existence. They make money by printing them out of thin air (XRP). People are buying 10k XRP for 1 Bitcoin, and OpenCoin have 100B or more XRP.
Don't get caught holding 1 trillion BTC on ripple!
I do agree with this but the same with Bitcoin. It will be back below 80 in a few months, if not below 50.
I for one, welcome our new federal reserve of XRP overlords.
OpenCoin will be distributing loads more XRP before the end of the month, devaluing yours.
Not if they just give 500 or so to each person...then they will want to buy more and that means more buying pressure.. It's supply and demand. They will be increasing supply but demand as well.
OpenCoin will be distributing loads more XRP before the end of the month, devaluing yours.
Source: http://gigaom.com/2013/05/14/google-ventures-invests-in-opencoin-the-firm-behind-bitcoin-exchange-ripple/
Quote
The company promised that those who signed up before May 9 would get given free ripples by the end of the month.
Source: http://gigaom.com/2013/05/14/google-ventures-invests-in-opencoin-the-firm-behind-bitcoin-exchange-ripple/
Should I get out of my measly 35k XRP?
Hmm... Or will it go up?
Hmm... Or will it go up?
Google ventures and Andean Horowitz among others are investing in open coin.
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
OpenCoin holds around a Billion dollars worth of Ripples (XRP) at current rates, so it would seem to be a good company to invest in.
In fact just a few weeks ago the value of all outstanding XRP was MORE than the value of all current Bitcoins that have been mined.
(I sold 7,100 XRP for 1 BTC which makes their stash of XRP worth at that point over 14,000,000 Bitcoins!)
open coin = ripple?
Yes. That's quite interesting. The amount (est $200K) shows it's more about a toe in the door and a vote of confidence. But still, the markets should pay attention to that...
open coin = ripple?
Google ventures and Andean Horowitz among others are investing in open coin.
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
News confirmed. Li Feng is one of my best friends.
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Gold is not published by any centralized organization, just as is bitcoin (what gold is different from bitcoin is that gold is in fact unlimited). In this way, I think bitcoin is gold 2.0.
But with only gold and without bank, without note, the economy is constrained. That's why we need some center in a decentralized world.
I think most people tend to swing from one extreme to another.
In fact, a decentralized world with many power limited centers is ideal.
Google ventures and Andean Horowitz among others are investing in open coin.
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
any idea how they expect to make any money on that investment?
are they being promised xrp?
what is this company?
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