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Showing 20 of 287 results by Alex Zee
Many P-BARs earlier in this thread talk like know what is "right". They sound like a bunch of kids who, despite their talents, have yet to learn shit about shit. Instead of whining until people start putting you on ignore, try tapping into what's really happening. 1M loudmouths punks < 1 serious person with a vision.
Great post. Too bad that no amount of rational arguments will be heard by the P-BARs
Re: HELP: have some difficulties to fully understand Ripple...
There is sort of a bubble currently growing and thanks to OpenCoin's dysfunctionality they did nothing yet.
When they finally wake up or decide to issue the next round of giveaway the price will probably fall.
But it's hard to predict. It can continue to rise. Just too many uncertainties...
When they finally wake up or decide to issue the next round of giveaway the price will probably fall.
But it's hard to predict. It can continue to rise. Just too many uncertainties...
Re: HELP: have some difficulties to fully understand Ripple...
That sounds more like it. I'd like to get a definitive answer on that so I can be absolutely sure but my thanks to you. I saw you over at the Ripple forums, so I know you've been engaged in Ripple. (Meaning not just some driveby poster._ 
I can't give you an authoritative answer on that, sorry, but this confusion persists for quite some time and it confused me at first too.
Somebody just got their numbers backwards
Re: HELP: have some difficulties to fully understand Ripple...
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HELP: have some difficulties to fully understand Ripple...
I think that's by design.
Re: Im starting a new bitcoin-related project. ANONYMOUS OR NOT?
(At which point you can pull a Pirate and disappear with our monies, having pulled a very successful long con.)
Exactly
I wish more people would self-defeat their own arguments
Re: Im starting a new bitcoin-related project. ANONYMOUS OR NOT?
How are you gonna make money?
There is an house edge on each bet.
Congratulations, you are doing classical gambling
Re: Im starting a new bitcoin-related project. ANONYMOUS OR NOT?
Its only hard in my case to explain that is provably fair, but ill try, and if i cant i will show my identity!
If it's "fair" then it's not exactly gambling. Either you provide a valuable service or you tax ignorant and overly-optimistic people. Which one is it?
Re: HELP: have some difficulties to fully understand Ripple...
I made my statement based on my careful study of Ripple's so-called wiki which looks like a graffiti by teenagers, now your turn to answer my question in the first sentence.
Somehow I think no amount of rational argument will change your hate-based position. If you had really studied the "graffiti-by-teenagers" wiki, I wouldn't have to tell you the advantages over both banks and bitcoin.
So I don't see any further point of talking to you.
Re: Im starting a new bitcoin-related project. ANONYMOUS OR NOT?
Im developing a gambling project.
How original
That's what Bitcoin needs, another gambling site... But Ok, it's a free world
I believe that users must trust a site where they bet their money, but a gambling site draws attenction
People who gamble is not a very good example of people who know how to manage risks
So you might get away with it. They will bet small amounts and lose them in hope of one big win, so there's not much trust involved.
Re: HELP: have some difficulties to fully understand Ripple...
Satoshi mined his bitcoins like everybody else.
Right... Except he was doing it alone in his basement with difficulty 1. I fail to see the difference between such mining and pre-mining.
Pre-mined currencies have always failed. XRP will be no different. Ripple as a concept will succeed, but XRP will not. Don't invest any more than you can afford to lose.
That's more of a world view than an argument, so I guess there is no need to respond to that. We will see.
Re: HELP: have some difficulties to fully understand Ripple...
You're nit-picking my words out of context, read what I wrote again.
I wrote what about SWIFT as an example of successful system based on cooperation and you wrote that banks sucks, so no, can't take this system as an example. How is that nit-picking or taking words out of context?
The essence is the banking system at least sucks in some aspects,
No arguing there. Everything sucks in some aspects...
otherwise Bitcoin would not have been attractive, it has to do certain things many times better to mitigate the sunk costs. Unlike Ripple, which basically tries to go to the bank's home court and play by their rules and hope to win, hmmm....
You are arguing out of your own ignorance. Ripple has even more advantages than Bitcoin, if only you take time to actually study how it works, instead of simply dismissing it based on hate that developers will get some money for their hard work...
Re: HELP: have some difficulties to fully understand Ripple...
No technical guarantee.
And you base it on what? Not reading their wiki?
Re: HELP: have some difficulties to fully understand Ripple...
The problem is will there ever be one day the system works well
Well, unless somebody has a crystal ball, nobody knows. We can speculate, but what will actually happen can only be known once it actually happens
Exactly what I meant, banks/clearing houses suck, that's why Bitcoin was created. And you want to reinvent the wheel by replicating what the banking system has done, good luck with that.
You are like a teenage girl at the Occupy Wall Street - shaking here iPhone in anger and shouting how corporations suck.
Do you have any idea how much your life is better because of banks? And to just dismiss them as "banks suck"? What kind of naive "argument" is that?
Re: HELP: have some difficulties to fully understand Ripple...
Satoshi has no capability to create a potentially unlimited amount of bitcoins out of thin air, opencoin, otoh.........
Once the system is distributed they will have no such special powers either.
Re: HELP: have some difficulties to fully understand Ripple...
Seems to me Ripple's greatest weakness is it can be so easily forked.
They do have a hefty head start and other advantages. And they rely on a simple fact that once the system is working well, it's much better to join and reap the benefits, rather than compete.
They count on several bunches of non-colluding validators to cooperate to process the transactions, in the real world things never work that way...
What about SWIFT? Several bunches of non-colluding banks in different countries cooperate to process transactions
Re: HELP: have some difficulties to fully understand Ripple...
Ripple promoters are basically acting as slave labor on behalf of OpenCoin for a paltry sum of XRP. There are more kids looking to get rich quick than brains in the cryptocurrency community.
That is very presumptuous.
Satohi does hold a hell of lot of bitcoins, doesn't he? How OpenCoin's holdings are different?
They maybe waiting to open source to help them secure leadership, but so what? Do you want them instead to work hard and write a complex system and then give it to you for free before themselves? So you can then beat them as a competitor and they are left with nothing? What a nice present that would be.
They work hard, they get rich. Seems fair to me.
Re: Im starting a new bitcoin-related project. ANONYMOUS OR NOT?
However, i live in a REAL UNHAPPY country, so the dilemma is: i want to show my identity, because i love bitcoin, i love this forum and also i really love my project, but my country for some strange reason does everything in his power to harm youth entrepreneurship.
Another thing to consider is how much trust exactly your project requires. If it's rather small sums, then you can probably get away with being anonymous. If it's something large - then probably not. Maybe you can tweak your operations somehow to decrease the amount of trust people need to grant you?
Also, consider opening a company in some offshore, but regulated, zone. It can be sort of a middle-ground solution for you.