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Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

nytimes.com

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Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#61

Post by lawn »

sethgecko wrote: post #58
waytogo wrote: post #53

Looked into both Ripple (XRP) and Stellar (XLM) and invested more into Stellar because of... - the much better scaling than traditional coins (semi-central structure) - the track record of the founder Jed - the fuller feature set including the creation of new tokens like ETH but easier - the recent announcement like IBMs partnering and stress tests, Kin moving to Stellar, Signal's founder creating his coin on Stellar…

I looked into the top15 currencies by market cap. I decided to stay away from cardano/tron/iota/bitcoin cash/dash/neo. Stellar is my favourite so far other than bitcoin even though I don't 100% understand the consensus algorithm yet.

Why do you lump bitcoin cash with the other pointless coins? It is better at being bitcoin than bitcoin except for speculative purposes (so far).

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#62

Post by neinnein »

lawn wrote: post #61
sethgecko wrote: post #58

Earlier quoted context omitted.

I looked into the top15 currencies by market cap. I decided to stay away from cardano/tron/iota/bitcoin cash/dash/neo. Stellar is my favourite so far other than bitcoin even though I don't 100% understand the consensus algorithm yet.

Why do you lump bitcoin cash with the other pointless coins? It is better at being bitcoin than bitcoin except for speculative purposes (so far).

Increasing blocksize does not make bcash 'better at being bitcoin'

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#63

Post by rainboiboi »

shams93 wrote: post #49
tromp wrote: post #18

Earlier quoted context omitted.

> No one can create them at will Didn't Ripple Labs create 100 bilion ripple at will?

Yeah ripple is a token not a currency they can generate new ripple at will but since the founder has a large stake he has an incentive to not flood the market. But ripple is not the future it's a stopgap running on centralized servers it's not revolutionary like etherium

*ethereum

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#64

Post by sethgecko »

lawn wrote: post #61
sethgecko wrote: post #58

Earlier quoted context omitted.

I looked into the top15 currencies by market cap. I decided to stay away from cardano/tron/iota/bitcoin cash/dash/neo. Stellar is my favourite so far other than bitcoin even though I don't 100% understand the consensus algorithm yet.

Why do you lump bitcoin cash with the other pointless coins? It is better at being bitcoin than bitcoin except for speculative purposes (so far).

Because I don't find anything that does better than litecoin. Also this video https://www.youtube.com/watch?v=JarEszFY1WY shows the fundamentally different viewpoints between bitcoin and bitcoin cash. As someone mentions in the video what bitcoin cash is trying to do is implement business logic inside the protocol which is a layer violation.

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#65

Post by xorcist »

shams93 wrote: post #49
tromp wrote: post #18

Earlier quoted context omitted.

> No one can create them at will Didn't Ripple Labs create 100 bilion ripple at will?

Yeah ripple is a token not a currency they can generate new ripple at will but since the founder has a large stake he has an incentive to not flood the market. But ripple is not the future it's a stopgap running on centralized servers it's not revolutionary like etherium

Because the Ethereum people only created 80 million tokens out of thin air?

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#66

Post by pixie_ »

simonbarker87 wrote: post #25
pixie_ wrote: post #11

Earlier quoted context omitted.

Which one of these properties of cryptocurrency is imaginary? Coins cant be faked or duplicated No one can create them at will They can be transmitted quickly/globally with low fees (excluding bitcoin of course) You can store them yourself, no bank needed Sending huge sums of money is no problem Relatively simple design, 8 page white paper Has worked as designed for almost a decade Seems like crypto has a lot unique…

You’ve missed the point a bit which is why you are getting down voted. Much of our non physical world (money, value etc) are abstractions for something else and therefore the abstraction only has value in humanity’s collective imagination. If you try to give a goat farmer in the desert a bit coin he won’t take it as to him it literally has no value as he likely can’t access the internet or work out how to turn it in…

You make it sound like 'anything' could be a currency. When in reality finding a common medium of exchange is extremely difficult, and must meet a lot of the properties I listed above. In terms of 'currency technology' crypto is a huge advance over our current standard currencies.

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#67

Post by stock_toaster »

tedeh wrote: post #41
adventured wrote: post #14

Earlier quoted context omitted.

It's the signal the mania stage is nearing an end. See: Yasumitsu Shigeta They're playing musical chairs right before the implosion. Ripple might be worth a couple billion dollars as a dangerous speculation. PayPal, an actual, real, live, huge, global, payment & money transfer system, is worth $92 billion. Some people say you can't place a value on something like Ripple. Sure you can, treat it as an actual business,…

Can you explain the Yasumitsu Shigeta reference? I tried Googling but I don't get it.

From what I gather, the founder and chairman of Hikari Tsushin Inc. Once among the world's richest people, until Hikari Tsushin lost 99% of its stock value in 2000.

EDIT: found this[1]

[1]: https://www.theguardian.com/technology/2000/nov/25/internetn...

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#68

Post by pixie_ »

nucatus wrote: post #42
pixie_ wrote: post #11

Earlier quoted context omitted.

Which one of these properties of cryptocurrency is imaginary? Coins cant be faked or duplicated No one can create them at will They can be transmitted quickly/globally with low fees (excluding bitcoin of course) You can store them yourself, no bank needed Sending huge sums of money is no problem Relatively simple design, 8 page white paper Has worked as designed for almost a decade Seems like crypto has a lot unique…

I said it before and say it again. These things you call cryptocurrencies can be anything you want but currencies. Who ever claims the contrary has no clue about how a currency works. If you claim this is a highly speculative asset, then yeah, you are right. But if you really want to call this a currency, you have to convince a government to use it as an official currency. No central bank in this world will accept to…

Crypto is already being used as a currency. And governments have no ability to depreciate it. I don't know what will happen next, but that is the reality today.

What I do know is a lot of people find value in a currency that cannot be depreciated at will.

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#69

Post by csomar »

wsc981 wrote: post #19
bekman wrote: post #3

If this’s not a bubble I don’t know what it’s

Since everybody and their grandmother is telling these days it's a bubble, I've somehow come to the believe that this time it's not a bubble. Why? Well, during the mortgage crisis, very few economists would actually claim it was a bubble. Perhaps it was 5% - 10%. At least this was what appeared in the news. The big shots at the central banks didn't see this bubble either, for the most part. But now every big banker i…

Only if you are talking with reasonable people. If you were inside the crypto-groups, you'll know that this is a bubble.

Re: Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

#70

Post by xorcist »

codegladiator wrote: post #35
tromp wrote: post #30

Earlier quoted context omitted.

> And then you can loose it yourself too. Admittedly, hardware wallets do a good job of keeping your private keys secure, allowing you to safely transact even on a malware infested PC.

Doesn't that defeat the purpose of having soft currency ? Hardware wallets sure can be stolen physically right ? Leaving that chuck of currency useless (if not transferred fraudulently)

That point bears repeating: if you hold a wallet, you are responsible for having backups. It's very valuable data.

Either use two or more hardware wallets or keep a paper wallet (a printout of the private keys) in a secure place.

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