[XRP] Ripple Speculation - page 78. | Bitcointalksearch.org

Branko

sr. member

Activity: 2632

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Quote from: encycrypto on March 12, 2019, 09:57:56 AM

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.

Banks already won...everything else is just an illusion

encycrypto

member

Activity: 294

Merit: 53

Quote from: RivAngE on March 12, 2019, 09:29:40 AM

Quote from: Branko on March 12, 2019, 09:19:15 AM

Quote from: encycrypto on March 12, 2019, 09:07:36 AM

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

No no you're missing one important point.
If the price of a coin would increase by 50%, then let's say the hashrate would only increase by 50%. However the cost for a 51% is always the double of the existing hashrate, so the cost would increase by 100%.
A 300% increase in BTC's price would shoot the cost for an attack to 600% its current cost.

In any case, as it's obvious from the amount of whales that exist, such amount of money is not an issue for many. Especially if enemies of cryptocurrencies would like to damage their image, they could do so no matter their cost as long as they could.

Those of us we're holding XRP, ain't we glad it's not a PoW coin? Wink

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: Branko on March 12, 2019, 09:19:15 AM

Quote from: encycrypto on March 12, 2019, 09:07:36 AM

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

No no you're missing one important point.
If the price of a coin would increase by 50%, then let's say the hashrate would only increase by 50%. However the cost for a 51% is always the double of the existing hashrate, so the cost would increase by 100%.
A 300% increase in BTC's price would shoot the cost for an attack to 600% its current cost.

In any case, as it's obvious from the amount of whales that exist, such amount of money is not an issue for many. Especially if enemies of cryptocurrencies would like to damage their image, they could do so no matter their cost as long as they could.

Those of us we're holding XRP, ain't we glad it's not a PoW coin? Wink

Jahn46

newbie

Activity: 16

Merit: 0

When will people stop investing in ripple it is a rubbish coin with a ridiculous coin supply, the owners are just making millions off people

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: encycrypto on March 12, 2019, 09:07:36 AM

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

encycrypto

member

Activity: 294

Merit: 53

Quote from: Branko on March 12, 2019, 08:23:23 AM

Quote from: encycrypto on March 12, 2019, 08:15:05 AM

Quote from: Branko on March 10, 2019, 04:03:55 AM

Quote from: encycrypto on March 09, 2019, 05:17:43 PM

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

Well theres pretty good explanation about all this here:

https://thenextweb.com/hardfork/2018/05/30/heres-how-much-it-costs-to-launch-a-51-attack-on-pow-cryptocurrencies/

seems legit

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: encycrypto on March 12, 2019, 08:15:05 AM

Quote from: Branko on March 10, 2019, 04:03:55 AM

Quote from: encycrypto on March 09, 2019, 05:17:43 PM

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

Well theres pretty good explanation about all this here:

https://thenextweb.com/hardfork/2018/05/30/heres-how-much-it-costs-to-launch-a-51-attack-on-pow-cryptocurrencies/

seems legit

encycrypto

member

Activity: 294

Merit: 53

Quote from: Branko on March 10, 2019, 04:03:55 AM

Quote from: encycrypto on March 09, 2019, 05:17:43 PM

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

jhontwis

full member

Activity: 756

Merit: 104

Ripple's had a little calm down now. There was more speculation in the past. The XRP team is running a good advertising campaign. They can affect the price very positively.

Hodor7777

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Merit: 112

It’s easy to confuse what is with what ought to be

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Blog Location: https://xrpcommunity.blog/the-global-economy-needs-instant-value-transfer/

The global economy wants - 𝙖𝙣𝙙 𝙣𝙚𝙚𝙙𝙨 - real-time payments! I cover this & the latest news impacting XRP in today's blog:

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𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple donates one million dollars to Tipping Point, a local San Francisco non-profit; And the first ILP Summit is announced.

𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Ben Sharafian peppers social media with some recent innovative Coil-related code snippets for developers to use.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: A new version of XRP Validator software is formally announced after the end of the voting period; the XRP Community Fund announces a bounty for a WooCommerce plugin; A member of the Good Souls Group (XRP Charities) announces a fund-raising campaign & t-shirt raffle for Children on the Edge; Fidelity announces a soft rollout of their new institutional custody and crypto exchange platform; SBI re-targets this July for roll-out of their real-time trading on SBI VC; HuobiGlobal announces support for XRP in its OTC platform; and QB.com, a Hong Kong - based crypto exchange, announces support for XRP;

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor

On Twitter: https://twitter.com/Hodor/status/1104704707606601728

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: encycrypto on March 09, 2019, 05:17:43 PM

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

etoque

legendary

Activity: 1988

Merit: 1000

Quote from: encycrypto on March 09, 2019, 05:17:43 PM

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

at certain point,yes,it will be doable.

encycrypto

member

Activity: 294

Merit: 53

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

yurimir

legendary

Activity: 1554

Merit: 1044

Ripple CTO David Schwartz issued a fiery response - Ripple CTO Says Bitcoin Is at a ‘Dead End’, Refutes Claims That XRP Is Vulnerable to Attack

"No blockchain that I know of has better protection against a hostile majority attack than the XRP Ledger does. Bitcoin will happily allow double spends if the majority of mining power is in hostile hands…

PoW has been a dead end for both decentralization and security, It’s gotten more centralized, and we’ve seen 51% double spend attacks. By contrast, distributed agreement has gotten more decentralized, and it’s clear how to mitigate these attacks in software."

https://dailyhodl.com/2019/03/08/ripple-cto-says-bitcoin-is-at-a-dead-end-refutes-claims-that-xrp-is-vulnerable-to-attack/

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Seems like this year will be the year of FUD and price suppression so that companies and partners can jump in the ecosystem in low prices.
A lot of big companies are getting into the space and either buy cheap coins or find development teams in desperate need for partnerships and get beneficial terms for themselves.

It doesn't matter to me really, I'll followed the tide up and down, I'll follow it again up and most likely down again. I'm only interested in shops starting to accept my coins for products, only then I might sell some XRP if the price is good.

yurimir

legendary

Activity: 1554

Merit: 1044

Another interesting XRP applying

- Ripple/XRP to venture into biometrics space; holding company expresses interest in XRP Ledger

"If the partnership with Aluf Holdings goes through, Ripple will move into yet another important sector, the biometric space..."

https://ambcrypto.com/ripple-xrp-to-venture-into-biometrics-space-holding-company-expresses-interest-in-xrp-ledger/amp/?__twitter_impression=true

swetka

full member

Activity: 448

Merit: 100

Quote from: encycrypto on March 08, 2019, 05:23:15 AM

Quote from: yurimir on March 06, 2019, 10:46:50 AM

New Fiat-XRP Gateway from the third largest crypto exchange Huobi OTC, making XRP available to buy with 25 different fiat currencies.

Already live: https://otc.hbg.com/en-us

https://huobiglobal.zendesk.com/hc/en-us/articles/360000218741-XRP-Will-Launch-on-Huobi-OTC-at-10-00-March-6-GMT-8-

I do regularly use Huobi and this will definitely help a lot of people to get XRP through fiat in a few clicks, including me.

I think that today there are no problems to invest in cryptocurrency. Good resource for. Indeed a lot. It seems to me that today the real problem is the choice of really promising projects.

encycrypto

member

Activity: 294

Merit: 53

Quote from: yurimir on March 06, 2019, 10:46:50 AM

New Fiat-XRP Gateway from the third largest crypto exchange Huobi OTC, making XRP available to buy with 25 different fiat currencies.

Already live: https://otc.hbg.com/en-us

https://huobiglobal.zendesk.com/hc/en-us/articles/360000218741-XRP-Will-Launch-on-Huobi-OTC-at-10-00-March-6-GMT-8-

I do regularly use Huobi and this will definitely help a lot of people to get XRP through fiat in a few clicks, including me.

yurimir

legendary

Activity: 1554

Merit: 1044

New Fiat-XRP Gateway from the third largest crypto exchange Huobi OTC, making XRP available to buy with 25 different fiat currencies.

Already live: https://otc.hbg.com/en-us

https://huobiglobal.zendesk.com/hc/en-us/articles/360000218741-XRP-Will-Launch-on-Huobi-OTC-at-10-00-March-6-GMT-8-

Hodor7777

full member

Activity: 616

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It’s easy to confuse what is with what ought to be

If You Want To Change The World: Support The Challengers

Blog Location: https://xrpcommunity.blog/if-you-want-to-change-the-world-support-the-challengers/

Change happens when individuals & organizations challenge the status quo! Find out more, along with all the latest XRP news, in my latest blog:

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𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The National Bank of Kuwait (NBK) shares its perspective on real-time payments and its use of Ripple technology; and Ross D'Arcy, Ripple's Sales Director for Europe, is scheduled to participate at the Dublin Tech Summit.

𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Leonidas publishes his interview with the CEO of Cinnamon on XRP Arcade.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind plans an XRP Meetup in the Netherlands, rescheduled for April 20th; An XRP Swag Shop announces new 'jersey-themed' designs; BlockFi announces that they will support XRP in 'April or May' for crypto-backed loans; and BlockQuake, a new crypto exchange, announces that XRP will be a base currency with seven fiat pairings.

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor

On Twitter: https://twitter.com/Hodor/status/1103305644923371526

Topic: [XRP] Ripple Speculation - page 78. (Read 637272 times)