What is Ethereum and how come it's shares have sky rocketed?
Discussion
I'm invested in Ripple (XRP) and have been for 3 years - the latest price moves are fantastic and my investment is now up 20 times - beats all my share efforts into a cocked hat. Yes, it may drop again but Ripple is closely aligned with the banks, has big backers and lots of developers working on it - the feeling is that it is still undervalued (but I would say that!)
https://ripple.com/company/
https://ripple.com/company/
Iamnotkloot said:
I'm invested in Ripple (XRP) and have been for 3 years - the latest price moves are fantastic and my investment is now up 20 times - beats all my share efforts into a cocked hat. Yes, it may drop again but Ripple is closely aligned with the banks, has big backers and lots of developers working on it - the feeling is that it is still undervalued (but I would say that!)
https://ripple.com/company/
it is good tech, just look at the transaction rate per second and low fees, something that pisses all over bitcoin. https://ripple.com/company/
Also it has been announced they may move to locking down supply in June, there is a talk on the 23rd may i think. the market seems to like this.
The Spruce goose said:
it is good tech, just look at the transaction rate per second and low fees, something that pisses all over bitcoin.
Also it has been announced they may move to locking down supply in June, there is a talk on the 23rd may i think. the market seems to like this.
Well, good luck with something that is focused entirely on private bank chains (thus the public version is virtually useless). It isn't decentralised and iirc it was massively pre-mined by the creators, who will surely be laughing all the way to the(ir) bank(s). Trade by all means, but I'd be shocked if a coin like this holds out long term.Also it has been announced they may move to locking down supply in June, there is a talk on the 23rd may i think. the market seems to like this.
3-4 years ago people wanted decentralization and anonymity of transactions. the market ticked by, now a coin offers faster transactions lower fees and no massive growing back log like btc.
Maybe people don't care they just don;t want to use btc who knows, but i know btc will end at 50% market share soon so money/market is diversifying.
maybe it becomes pos like ethereum, but whatever happens the market always decides.
Maybe people don't care they just don;t want to use btc who knows, but i know btc will end at 50% market share soon so money/market is diversifying.
maybe it becomes pos like ethereum, but whatever happens the market always decides.
Decentralisation is a phrase people love to parrot but don't actually care about. They certainly will care at the point that it's already far too late.
Either way there are mountains of money to be made no matter what a system's status is, but one day it's likely many bums will be bitten.
People are far too complacent and they naturally gravitate towards centralisation. Decentralisation is hard, costly, inconvenient and unsexy, but it also serves an important purpose that hasn't really needed to be called upon yet.
Either way there are mountains of money to be made no matter what a system's status is, but one day it's likely many bums will be bitten.
People are far too complacent and they naturally gravitate towards centralisation. Decentralisation is hard, costly, inconvenient and unsexy, but it also serves an important purpose that hasn't really needed to be called upon yet.
bloomen said:
Decentralisation is a phrase people love to parrot but don't actually care about.
It's not parroting, it's a fundamental. Decentralisation is why the internet works. The internet of money needs to work the same way to offer any sort of resilience. Nobody cares about the decentralisation of the internet's infrastructure simply because it works. Expecting Ripple to last is a bit like expecting CompuServe to win out.Behemoth said:
It's not parroting, it's a fundamental. Decentralisation is why the internet works. The internet of money needs to work the same way to offer any sort of resilience. Nobody cares about the decentralisation of the internet's infrastructure simply because it works. Expecting Ripple to last is a bit like expecting CompuServe to win out.
The market disagrees with you. And at the moment, that's all that matters.If you believe in the primacy of the market, then the market is correct until the market is wrong.
Edited by Iamnotkloot on Monday 8th May 12:37
Iamnotkloot said:
The market disagrees with you. And at the moment, that's all that matters.
If you believe in the primacy of the market, then the market is correct until the market is wrong.
Do you honestly think this is a rational market? About 75% of Ripple is traded on one exchange (one that doesn't handle fiat). Brimming with pump & dump actors. On a coin that was premined to high heaven. FTSE or NASDAQ it is not. Good luck!If you believe in the primacy of the market, then the market is correct until the market is wrong.
This is probably a massively simplistic view but if we accept that the crypto coin market as a whole is going to grow and therefore rise in the medium term wouldn't a sensible strategy be to pick a number of these and spread an investment across multiple coins?
Whats the best way to do this while incurring the lowest transaction fees?
Whats the best way to do this while incurring the lowest transaction fees?
i own a mixture of coins to help with the risk.
tx on buying the coins on an exchange are quite low poloniex (
0.15%/0.25% drops lower for more trades), which is why there is so much volatility in trading. They catch you out on some of the withdrawal fees as well.
Most would buy bitcoin (coinbase) and trade for other coins on exchanges. you need to then find a medium of storage for the coins. jaxx walllet is good(multiple storage solution) but highish txs.
use a PC and set up wallets for each coin and back them up. some have seed keys so easier to store. you can get usb ledgers but only for some coins BTC, LTC,
you could store on the exchange but there is the chance of loss through hack etc..but easier to trade.
An option is to buy into an investment fund who have invested in a mixture of coins, so you have one coin instead of holding loads. iconomi is a token based on the ethereum platform. There are a few others BCAP (10 liquid venture fund ), Aragon...
There are even ones backed by Gold. DigixDAO for example.
tx on buying the coins on an exchange are quite low poloniex (
0.15%/0.25% drops lower for more trades), which is why there is so much volatility in trading. They catch you out on some of the withdrawal fees as well.
Most would buy bitcoin (coinbase) and trade for other coins on exchanges. you need to then find a medium of storage for the coins. jaxx walllet is good(multiple storage solution) but highish txs.
use a PC and set up wallets for each coin and back them up. some have seed keys so easier to store. you can get usb ledgers but only for some coins BTC, LTC,
you could store on the exchange but there is the chance of loss through hack etc..but easier to trade.
An option is to buy into an investment fund who have invested in a mixture of coins, so you have one coin instead of holding loads. iconomi is a token based on the ethereum platform. There are a few others BCAP (10 liquid venture fund ), Aragon...
There are even ones backed by Gold. DigixDAO for example.
bigweb said:
This is probably a massively simplistic view but if we accept that the crypto coin market as a whole is going to grow and therefore rise in the medium term wouldn't a sensible strategy be to pick a number of these and spread an investment across multiple coins?
Whats the best way to do this while incurring the lowest transaction fees?
The problem is, out of the many hundreds of coins now available, the vast majority are utter junk and it's very very hard to sift the wheat from the chaff. Token creators are making wild claims, getting venture capitalists and bankers along for the ride and both can very easily make a packet of cash on the back of naive speculators in this massively hyped market. Can you outwit them?Whats the best way to do this while incurring the lowest transaction fees?
The Spruce goose said:
storj has just moved onto ethereum, it was built on counterparty which itself was built on bitcoin. Ethereum offers a lot more oportunties than btc, smart contracts etc. This to me is the selling point of ethereum.
If you think storj is a good idea, then surely you should invest in storj tokens. Ether has little to do with it. I think there's a great deal of confusion over what Ethereum is and its relationship to the traded Ether token.Behemoth said:
If you think storj is a good idea, then surely you should invest in storj tokens. Ether has little to do with it. I think there's a great deal of confusion over what Ethereum is and its relationship to the traded Ether token.
i think you missed my point, it is down to value. the more eth is used as a platform(which it was desgned for), the more value is added. the more coins that more to eth platform the more successful it becomes. i know gas is the reward to miners for eth transactions and eth is not a value etcEdited by The Spruce goose on Tuesday 23 May 16:58
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