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Fnord

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Everything posted by Fnord

  1. I'd stay away from an uncapped ico. Wait until it starts trading on exchanges and then see how it looks.
  2. US gov != world gov Keep in mind there are large portions of the world that would be very eager for something to replace USD as the standard for international trade. Any country that bans cryptocurrency at this point will just be putting themselves at an economic disadvantage in the coming years. They would be without an innovative and useful technology that everyone else will have, simply out of spite for its disruption of the hegemony. It would amount to an own goal. This is why I was asking: what is it you think that the US can realistically do to stop the technology?
  3. No, I'm not saying that. This technology exists and it is not going to go away again. What do you think "the US" (which powers exactly are you referring to?) can realistically do? Taking down 1 intermediary currency solution or another would be akin to cutting a head off the hydra. The rising tide of technology is far outside the control of any organisation or any single nation. To those who refuse or are unable to adapt, it has all the unstoppable inertia of entropy. "I met a traveller from an antique land Who said: Two vast and trunkless legs of stone Stand in the desert... near them, on the sand, Half sunk, a shattered visage lies, whose frown, And wrinkled lip, and sneer of cold command, Tell that its sculptor well those passions read Which yet survive, stamped on these lifeless things, The hand that mocked them and the heart that fed: And on the pedestal these words appear: 'My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!' Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away."
  4. I can only really answer that with another question: what makes you think the US can stop it from happening?
  5. Horse and cart was the backbone of the transport industry. Not perfect isomorphism of course, but you get the idea.
  6. Yes but at the end of the day they are just puppets of the gangster computer good living in the brain bank cities on the far side of the moon that we never see.
  7. Interesting. Swift has a lot of name recognition but they're going to have to pull their fingers out and get a move on with implementation if they want to compete. Proof of concept is nice but it doesn't measure well against a system that is live and ready to go. Let the competition begin!
  8. It does not state that. You have misunderstood. The article covers two separate stories: 1. The Japan - Thailand remittances. 2. Dash integration into the Ripple network. The two are not directly related (SBI and SCB are not using Dash, nor have they announced any plans to do so, nor has the Dash community claimed that this is the case); the indirect link is that both stories are about utilising the Ripple network.
  9. Exactly. This is one of the major variables in calculating possible XRP USD value: 1XRP = total usd trade volume passing through XRP within a certain time period X / (total XRP in circulation Y / volume of XRP used to make the trades expressed as a fraction of total XRP in circulation Z) If Z > 1 then the value of 1 XRP will be < X / Y and vice versa
  10. Who is "they"? The banks? No, it definitely does not say that. By integrating into the Ripple network, Dash is hoping to get a piece of the pie. This is all in line with Ripple's vision. The more the merrier.
  11. Your're misunderstanding what this means. It is nothing to do with any decision to use Dash instead of XRP. They (the Dash community) are planning to integrate Dash into the Ripple network. The Ripple network was designed to have many different currencies integrated into it. XRP is the native asset, not the only asset. If anything, this is good news for XRP by virtue of strengthening the versatility of the Ripple network. Hopefully this is the first of many cryptocurrencies to go down this route.
  12. The ledger is a distributed network right, so there can't be a ledger outage without a significant portion of the entire internet going down.
  13. seems unlikely to me, unless there was a more general crash in the crypto space
  14. In my opinion that's the beauty of Ripple's approach. If you go to the banks and try to sell them your new currency then they wont be interested. You sell them a faster and cheaper way to settle international transactions and they are interested. Then they start using it and it's all working great and then they're like "hey what's that XRP thing over there?" "Oh, this? Don't you worry about this, it's just this native asset thing that'll make the system even cheaper and faster if you started using it... you can have some if you want I guess....."
  15. I'll tell you what happens every day like clockwork though. It gets to about 7 or 8 AM korean time, and there's an increase of a few hundred satoshis. Sure it might go back down again, but if you were looking for a quick and easy margin position...
  16. ^could you be more dramatic please
  17. 72% of XRP trade takes place on the Korean marketplaces http://coinmarketcap.com/currencies/ripple/#markets
  18. something like that can only be one of the Ripple controlled wallets Either that or Jed McCaleb's wallet.
  19. XRP is actually doing very well today. It has been slowly and consistently moving up through the day. The movement is steady which to me looks much healthier than the erratic rebound of ETH.
  20. I believe that the network fee can be altered in a decentralised manner by the validators. So if the value of XRP shot up then the network fee would be reduced by the validators through a voting system. Unlike with BTC or ETH these are not miners and they do not get the fee so there is no incentive for them to make it expensive. In fact, the only reason a network fee needs to exist at all with XRP is to prevent the network from being attacked by spam transactions. In short, XRP transactions will remain cheap regardless of how valuable the coins become.
  21. I don't see a reason to believe that shares in Ripple the company would have anything to do with how much XRP you own.
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