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POW failing - time to market Consensus!!


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The two surest things in crypto are Ripple and Factom. The latter is a utility. It's like investing in power lines in 1910. Ripple is also a utility in that it's a new form of transportation. The transportation of relationships, cost, value, and wealth.

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1 hour ago, corak said:

This is a fallacy, BTC / XRP can and has changed in the past by a factor of up to 40 each way (feel free to look at 5 year charts to confirm this). There are some bots that seem to want to enforce beta > 1 on XRP, but beyond a certain range these bots will become massively money-losing for their operators. They also don't have an infinite amount of XRP to sell. 

 

I wasn't referring directly to xrp/btc (for stuff thats now around 0.00007936) but i wanted to emphasize in last 3 months every bad news for bitcoin is bad news for all crpyto (look how many positive news we had regarding xrp and ripple), in my point of view in whatever direction bitcoin go, there go other stuff. until some single major even will happen that will break those ties. So if bitcoin go to 7000$, xrp will go down...not up...if bitcoin go down to 6000, xrp will go down (not up), if bitcoin go to 4000, xrp will go down (and all other coins). Stuff might reshape only if some major collapse, or if some major stuff happens with company trying ripple, but i dont think that can happen in 3 months because like i know every companies trying are just trying and there some beta stages and they dont actually use xrp on big scale, and if they dont dirrectly influence xrp, but only with "news", then like now "bitcoin news" is still primary driving force for xrp

Edited by Riseup
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45 minutes ago, Trickery said:

To say that POW is not wasteful is ridiculous, any system that persists with high energy use when there is an alternative system that uses almost no energy and is faster and more scalable is doomed to fail. The only thing perpetuating BTC is the amount of money invested in it.

This is 100 percent correct. Because of the money skeleton, I believe XRP needs to be unpegged federally or by the IMF. Exchanges, when they are regulated, will have to play ball.

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1 hour ago, Trickery said:

To say that POW is not wasteful is ridiculous, any system that persists with high energy use when there is an alternative system that uses almost no energy and is faster and more scalable is doomed to fail. The only thing perpetuating BTC is the amount of money invested in it.

Indeed. With the right protocol & design wasting energy is not necessary.

5a29a0c4f39d8_TheEnvironmentalImpactofValue.thumb.png.6104c185c837982e5d3103b3fd9c8745.png

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And another reason supporting this topic:

Lightning Network won't be able to route most payments without going through large, centralized, payment hubs. This changes #BTC from a peer-to-peer system to one more like existing banks.

(Source: Twitter @Bitcoin which I somehow cannot embed) with attached article

http://storeofvalueblog.com/posts/lightning-network-elephant-in-the-room/

 

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20 hours ago, Valhalla_Guy said:

OFF TOPIC

As far as CO2, HUMANS, and all earth species, are carbon based life forms. This planet has a "carbon cycle" that all life depends on. It also is inherently self regulating, and cannot be over ridden. (humans will go extinct long before the planet would lose it's ability to support life)  Our beautiful planet was formed with a fixed amount of carbon. That amount has not changed, nor will it ever. It just keeps getting recycled. Carbon is a fuel for life.

If you refuse to exhale, because it is taxed, you will be suffocating a tree.... I love trees and everything green. Humans need to hope and pray that trees never view oxygen as a "dangerous" gas.

While it is true our planet has a fixed amount of carbon that is eventually recycled through the carbon cycle, humans have highjacked and bastardized this process. 

By burning fossil fuels we are releasing carbon into the atmosphere that has been trapped and would have remained trapped in the ground for millions of years. This has destroyed Earth’s self regulating mechanism you mentioned. 

Our interference in this process has resulted in a sudden and dramatic increase of Co2 concentrations in the atmosphere and oceans since the late 1800s, leading to increasing air temperatures and increased ocean acidification. 

There is nothing natural about what humans have done. At no point in Earth’s history has Co2 risen as fast as we have caused it to. This is the main reason why a large portion of life on Earth is in jeopardy, including humans, because wildlife can’t adapt to the speed our climate is changing or at the rate the ocean is acidifying. Land species are dying off at an alarming rate and corals around the world are dying, including parts of the Great Barrier Reef. If corals continue to die off the base of the ocean food chain could collapse, which could affect most life on earth, including our own. 

TL/DR: Don’t buy Bitcoin. 

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3 hours ago, Amigo said:

And another reason supporting this topic:

Lightning Network won't be able to route most payments without going through large, centralized, payment hubs. This changes #BTC from a peer-to-peer system to one more like existing banks.

(Source: Twitter @Bitcoin which I somehow cannot embed) with attached article

http://storeofvalueblog.com/posts/lightning-network-elephant-in-the-room/

 

This is why Craig Wright backs Bitcoin Cash. For whatever that's worth.

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2 hours ago, Coin_Hound said:

While it is true our planet has a fixed amount of carbon that is eventually recycled through the carbon cycle, humans have highjacked and bastardized this process. 

By burning fossil fuels we are releasing carbon into the atmosphere that has been trapped and would have remained trapped in the ground for millions of years. This has destroyed Earth’s self regulating mechanism you mentioned. 

Our interference in this process has resulted in a sudden and dramatic increase of Co2 concentrations in the atmosphere and oceans since the late 1800s, leading to increasing air temperatures and increased ocean acidification. 

There is nothing natural about what humans have done. At no point in Earth’s history has Co2 risen as fast as we have caused it to. This is the main reason why a large portion of life on Earth is in jeopardy, including humans, because wildlife can’t adapt to the speed our climate is changing or at the rate the ocean is acidifying. Land species are dying off at an alarming rate and corals around the world are dying, including parts of the Great Barrier Reef. If corals continue to die off the base of the ocean food chain could collapse, which could affect most life on earth, including our own. 

TL/DR: Don’t buy Bitcoin. 

Fixed supply has value certainly as you have pointed out across many parameters. It's all self-similar. Mandelbrot foretold the design.

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