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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

04-18-2014 , 11:52 AM
Quote:
Originally Posted by TomCollins
Cause it's terrible and trying to piggyback on the Bitcoin press and it's full of marketeers who constantly spam crap.
really? terrible? lol and how is it trying to piggyback on the btc press? ripple labs is marketing ripple to banks, financial institutions, devs and merchants. not to consumers. their business model is totally different compared to what bitcoin is trying to accomplish.

full of marketeers? where? there's just me. lol.

Quote:
My favorite Ripple story is when they were offering some free ripple at a conference to people who set up a wallet on their phone. Guy tries to do it, the entire app crashes. Solid product they got!
what conference is this? i would like to hear more.

it might involve someone i know.

Last edited by tokeweed; 04-18-2014 at 12:05 PM.
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04-18-2014 , 12:33 PM
Quote:
Originally Posted by tokeweed
really? terrible? lol and how is it trying to piggyback on the btc press? ripple labs is marketing ripple to banks, financial institutions, devs and merchants. not to consumers. their business model is totally different compared to what bitcoin is trying to accomplish.

full of marketeers? where? there's just me. lol.



what conference is this? i would like to hear more.

it might involve someone i know.
They are totally different, yet keep showing up at Bitcoin conferences and try to get attention that way. Or they post in alternative coin threads.

There were marketers there, trying to offer $20 in Ripple to attend presentations if you set up a wallet there.

Anyone investing in Ripple is a fool, as the price rises, they simply dump more onto the market, bringing it back down.
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04-18-2014 , 12:48 PM
Quote:
Originally Posted by tokeweed
i also don't get why some people in the bitcoin community hate ripple so much.
because we tried using it
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04-18-2014 , 12:50 PM
Quote:
Originally Posted by TomCollins
They are totally different, yet keep showing up at Bitcoin conferences and try to get attention that way. Or they post in alternative coin threads.
that's because they have a solution to the current problems facing bitcoin. don't you get it? they are offering a solution.

https://ripple.com/forum/viewtopic.p...357076a#p44419

Quote:
There were marketers there, trying to offer $20 in Ripple to attend presentations if you set up a wallet there.
what? who? at what conference is this? i will have to confirm this at the ripple forum.

Quote:
Anyone investing in Ripple is a fool, as the price rises, they simply dump more onto the market, bringing it back down.
wow, it's like you're saying they are only out there to scam people. you know, ripple isn't about just xrp, it's about the network as a whole. and the network is developing quite nicely and there are other features, like smart contracts and improvements in the pipeline that are really exciting.

And Ripple Labs is backed by known venture capitalists. So it's hard to make up a reason that it's out there to scam people like some here insinuates.

Just some of the VC's that are invested in Ripple. They obviously love Ripple enough to invest in it, so I don't get why some people are not giving it a chance.



Andreessen Horowitz



Andreessen Horowitz is a Silicon Valley-based venture capital firm with $2.7 billion under management. The firm invests in entrepreneurs building companies at every stage – from seed to growth.



The Bitcoin Opportunity Fund



The Bitcoin Opportunity Fund is managed by Barry Silbert, the founder of SecondMarket and the Bitcoin Investment Trust. The fund invests in bitcoin and other math-based currency companies, including Gyft, Coinbase and Tradehill, among others.



Google Ventures



Google Ventures is a radically different kind of venture-capital fund. The Google Ventures design, marketing, recruiting, and engineering teams work full-time with portfolio companies. Google Ventures also offers Startup Lab, a dedicated facility and educational program where companies can meet, learn, work, and share.

Google Ventures will invest over $1B in the next five years. Founded in 2009, the firm has invested in over 200 companies, including Uber, Nest, Kabam, HomeAway, Parse, ngmoco, and RetailMeNot. Google Ventures is headquartered in Mountain View, Calif., with offices in Seattle, New York, and Cambridge, Mass.



IDG Technology Venture Investment Fund



IDG Technology Venture Investment Fund is managed by IDG Capital Partners, which, as a leading China-related investment team, was among the first to introduce foreign venture capital investment into China in early 1990’s. Since then the funds under its management have invested in around 300 diverse and successful portfolios, such as Baidu, Sohu, Tencent, Soufun, Ctrip, Tudou, Qihu360, Home Inns, Hanting and Kanghui. Over 70 portfolios have successfully completed IPO or M&A.



Lightspeed Venture Partners



Lightspeed Venture Partners is a leading venture capital firm with over $2 billion of committed capital under management and investment professionals and advisors in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, Lightspeed partners have backed more than 200 consumer, enterprise and cleantech companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Ciena, DoubleClick, eHealth, Flixster, Fusion-io, Informatica, Kosmix, LivingSocial, Lucky Pai, Nicira, Playdom, Pliant Technology, Provigent, Riverbed Technology, Solazyme, TutorVista, Virsa Systems, Waveset, and XtremIO.



source: https://www.ripplelabs.com/investors/

Last edited by tokeweed; 04-18-2014 at 01:11 PM.
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04-18-2014 , 04:18 PM
Those companies are investing in Ripple the company, not the currency. The fact that you got that confused shows why you are a donk. The company can do quite well, even if nothing else works, just getting rubes like you to think Ripples might go up in value.
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04-18-2014 , 06:02 PM
Tokeweed under the same screen name is spamming his referral links bitcointalk.org.

Guy is a total loser. Lock & ban please.
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04-18-2014 , 11:05 PM
Quote:
Originally Posted by TomCollins
Those companies are investing in Ripple the company, not the currency. The fact that you got that confused shows why you are a donk. The company can do quite well, even if nothing else works, just getting rubes like you to think Ripples might go up in value.
i don't view xrp as solely for a store of value. it is a bridge currency, and i have explicitly expressed against hoarding it in the ripple forums. if xrp is being hoarded how can it fulfill it's function/s?

i suggest reading the ripple primer to know more about xrp's functions: https://ripple.com/ripple_primer.pdf

also, i am for the network becoming a success and trying to help build a community behind it.
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04-18-2014 , 11:06 PM
Quote:
Originally Posted by theskillzdatklls
Tokeweed under the same screen name is spamming his referral links bitcointalk.org.

Guy is a total loser. Lock & ban please.
referral link? show me where this referral link is. i am in no way making money out of this. this is all from the love and support i give for the ripple network.

i also don't get the anger and hate that comes out from some people when you mention ripple like it is some sort of a threat.

ripple a threat? lol. why not let people try it and see for themselves.

Last edited by tokeweed; 04-18-2014 at 11:27 PM.
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04-18-2014 , 11:41 PM
and did you guys watch the video in this link? https://ripple.com/forum/viewtopic.p...357076a#p44419

did you see what kind of solutions ripple is providing for the bitcoin users? they are quite elegant.
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04-19-2014 , 03:35 AM
just found the youtube video about how ripple finds solutions to the issues facing bitcoin: http://www.youtube.com/watch?v=sRgfC61Gc3E

no login needed.

enjoy.
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04-19-2014 , 05:16 AM
any updated thoughts on ethereum? i'm pretty uninformed in this game but been curious about ethereum for a few months. fundraiser should be starting soon.

my biggest concerns:

1) 30% pre-mine
2) it's open source so what prevents someone from forking it w/o a premine? just the development team afaik so how solid are they?

i like the idea of being a platform rather than just a currency but idk much about this.
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04-19-2014 , 08:58 AM
Absolutely mindblowing stuff

https://www.youtube.com/watch?v=RtTWUwRL9mQ

In my opinion is NXT the real deal at the moment.
Maybe ther will come others, e.g. Ethereum, but at the moment NXT is designing the future.
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04-19-2014 , 09:21 AM
etheruem and NXT are also projects that people need to be paying attention to imo. crypto 2.0, it's all going to be game changers in the near future. may the best tech win for the benefit of us all.

edit: tweet from the ceo of paypal. "Very intrigued by Ethereum (ethereum.org) @ethereumproject would love to talk to you guys."

source: https://mobile.twitter.com/davidmarc...92516455673857

Last edited by tokeweed; 04-19-2014 at 09:39 AM.
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04-19-2014 , 11:00 AM
Quote:
Originally Posted by squashington
any updated thoughts on ethereum? i'm pretty uninformed in this game but been curious about ethereum for a few months. fundraiser should be starting soon.

my biggest concerns:

1) 30% pre-mine
2) it's open source so what prevents someone from forking it w/o a premine? just the development team afaik so how solid are they?

i like the idea of being a platform rather than just a currency but idk much about this.
Yep, projects like Ethereum, Mastercoin, etc... are cool. What comes from them are cool. The currencies themselves are garbage, though. If they don't work, they are crap. If they do work, someone forks without the premine and builds the same system on top of that. I'm pretty sure that a lot of these super speculative projects that haven't been proven at all will be severely overvalued as well, since everyone knows about Ethereum now. It's not like Mastercoin, where the early adopters were few, got in, then got the price up to dump to rubes.
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04-19-2014 , 11:01 AM
Quote:
Originally Posted by tokeweed
i don't view xrp as solely for a store of value. it is a bridge currency, and i have explicitly expressed against hoarding it in the ripple forums. if xrp is being hoarded how can it fulfill it's function/s?

i suggest reading the ripple primer to know more about xrp's functions: https://ripple.com/ripple_primer.pdf

also, i am for the network becoming a success and trying to help build a community behind it.
If ripple is hoarded, Ripple Labs releases more. That's exactly why telling people to use it to gain value is flawed.

So basically it's totally useless right now, and it won't go up in value. Sounds like something to wait until they actually build what they claim is possible.
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04-19-2014 , 12:08 PM
tom,

again ripple isn't all about xrp. ripple is currency agnostic. you can choose to use any currency in ripple, whether fiat or crypto, given that there is a gateway for it. and the beauty of it by design is you can use anything of value in ripple to send as payment (granting that the recipient accepts it) and to trade in the order book against any other currency in ripple, like gold, airline miles or even pokerstars fpp's if stars allowed them to be transferred from person to person.

you can also send btc in ripple and choose the currency the recipient is willing to accept. anyway, keep an open mind, read the ripple primer and give it a chance.

i'd be happy to activate your wallet if you want to test it out. just send me a pm.
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04-19-2014 , 12:15 PM
also watch this video: http://www.youtube.com/watch?v=sRgfC61Gc3E

i can't find a reason why ripple has no place in the crypto-currency space as some people have expressed. the space has so much room for more improvement and ripple is providing a solution to some of the issues facing bitcoin.
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04-19-2014 , 02:54 PM
Quote:
Originally Posted by tokeweed
also watch this video: http://www.youtube.com/watch?v=sRgfC61Gc3E

i can't find a reason why ripple has no place in the crypto-currency space as some people have expressed. the space has so much room for more improvement and ripple is providing a solution to some of the issues facing bitcoin.

Because nobody wants to have a company which is holding almost every coin, and can dumb and manipulate the price whenever they want. Pretty obvious.

Additionally there are awesome projects out there as alternative:
NXT, NEM, exocoin, etc...etc
Virtual Currency - Alt Coin Discussion Thread Quote
04-19-2014 , 02:57 PM
Quote:
Originally Posted by tokeweed
tom,

again ripple isn't all about xrp. ripple is currency agnostic. you can choose to use any currency in ripple, whether fiat or crypto, given that there is a gateway for it. and the beauty of it by design is you can use anything of value in ripple to send as payment (granting that the recipient accepts it) and to trade in the order book against any other currency in ripple, like gold, airline miles or even pokerstars fpp's if stars allowed them to be transferred from person to person.

you can also send btc in ripple and choose the currency the recipient is willing to accept. anyway, keep an open mind, read the ripple primer and give it a chance.

i'd be happy to activate your wallet if you want to test it out. just send me a pm.
It provides zero value to me, I have no incentive to activate a wallet.
Virtual Currency - Alt Coin Discussion Thread Quote
04-19-2014 , 07:44 PM
Quote:
Originally Posted by Virtual
Because nobody wants to have a company which is holding almost every coin, and can dumb and manipulate the price whenever they want. Pretty obvious.

Additionally there are awesome projects out there as alternative:
NXT, NEM, exocoin, etc...etc
nobody? really? what about the ripple community?

also NXT's internal currency is pre-existing too isn't it?
Virtual Currency - Alt Coin Discussion Thread Quote
04-19-2014 , 07:45 PM
Quote:
Originally Posted by TomCollins
It provides zero value to me, I have no incentive to activate a wallet.
cool. i appreciate your honesty. but i hope that changes in the future.
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04-19-2014 , 08:06 PM
Quote:
Originally Posted by tokeweed
nobody? really? what about the ripple community?

also NXT's internal currency is pre-existing too isn't it?
Ripple community is flocking to holding an anti-spam mechanism as a currency because Ripple Labs figured out how to trick rubes into growing the network by latching onto Bitcoin's success and remarketing as an alt-coin.

I'm curious, NXT is all premined, but where is it held? Just by the fundraisers?
Virtual Currency - Alt Coin Discussion Thread Quote
04-19-2014 , 08:26 PM
Quote:
Originally Posted by TomCollins
Ripple community is flocking to holding an anti-spam mechanism as a currency because Ripple Labs figured out how to trick rubes into growing the network by latching onto Bitcoin's success and remarketing as an alt-coin.

I'm curious, NXT is all premined, but where is it held? Just by the fundraisers?
ripple labs as a company was in no way involved in selling xrp. they just did giveaways in the past to let people try the network out, and what's wrong with that? you have to promote the network, right?

they have recently stopped all giveaways and have been focused on getting a major banking institution or two to get on board using the ripple protocol.

but with anything in the crypto-currency scene, this attracts speculators. this is the reality of it and totally out of anybody's control.

it's not like ripple labs tricked anyone like you said. if they did, then the US effing govt. would be all over their asses. but that's not the case.

Last edited by tokeweed; 04-19-2014 at 08:53 PM.
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04-19-2014 , 09:44 PM
oh and just so you know, xrp doesn't only serve as an anti-spam mechanism, it also serves as a bridge currency. very useful for market makers and active traders.
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04-23-2014 , 09:07 AM
Quote:
Originally Posted by TomCollins
Ripple community is flocking to holding an anti-spam mechanism as a currency because Ripple Labs figured out how to trick rubes into growing the network by latching onto Bitcoin's success and remarketing as an alt-coin.

I'm curious, NXT is all premined, but where is it held? Just by the fundraisers?
No, Nxt is distributed to a lot of people.There is no company which holds the coins.
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