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RE: The Big Long – Update on Collapse in Bitcoin Dominance – 11/14/17
Thank you for posting helikopterben.
Appreciated the well written article and graphs.......your idea of the wallet and ease of use.....is right around the corner......after a greater percentage of acceptance of bitcoins in general....it will be amazing to watch all the supporting players in cryptospace have their day in the sun.
In the meantime....enjoy the quiet whilst we can. Cheers.
Nice article as @bleujay pointed out.
I am not a big fans of the different bitcoins neither.
What projects do you like?
My favorites are EOS, ETH, XRP, Steem, BTS, LTC and Augur. Do you have doubts about one of the following?
Take care.
Thank you vlemon.....If you do not mind bleujay answering your query regarding your favourites with an opinion.....
Could not have better coins.....however XRP...Ripple is tied to the banking industry and when it begins to flounder....perhaps May18 or sooner....Ripple will have problems as well. Also the privacy coins are good to have in ones portfolio...ie....Monero, Zcash etc.
Would appreciate hearing helikopterben's take as well.
Cheers.
Hello @Bleujay, Of course I do not mind.
I know for XRP, I see it from an equity perspective. I believe it could be the one showing mainstream adoption (I understant it is not decentralized and is king of a closed loop). Nevertheless, if as a customer I can transfer 5k€ to China in 10 sec for 1€ using my usual bank account and having no clue they use Ripple. I still think Banks will love it as they retain control over their customers.
Yes I used to own Monero. Which one would you pick between XMR and Zcash? and for what main reason?
Cheers,
Thank you for your reply.
Oh yes...you are correct about Ripple....bleujay actually has some as well.
Between Monero and Zcash.....oh dear...lets say Monero as it is a bit of a sleeper at the moment....however the thinking is that it will shed its less than stellar reputation....and will be the one to watch...so for the possibility of growth...Monero.
Both will do well in bleujay's opinion.....certainly as governments catch on.
Cheers.
Actually, Ripple is somewhat decentralized, but is prone to censorship because new nodes generally have a set Unique Node List (UNL) that is controlled by ripple labs. However, node operators can change their trusted nodes at any time if they wish, so ripple has a chance to be much more decentralized as time goes on if a diverse set of nodes and validators emerge.
Besides, the bulk of security comes from digital signatures (which ripple has) and the constant ability for users to hard fork the system through open source code (which ripple has). So far, I am not aware of any major attack on ripple consensus, so the naysayers have some proving to do.
Contrary to popular belief, some fiat currencies are somewhat decentralized. For example, monetary policy for the US dollar is set by the federal reserve, the head of which is elected by the president, who is elected by the populous. However, the dollar has suffered massive attack (bailouts, qe, inflation) primarily because users don't have digital signatures and they can't fork at will. Imagine if a faction of US dollar users could have forked the US dollar at the point of the first bailout in 2008. I would have traded all bailout dollars for real dollars myself.
Thank you helikopterben for this information regarding Ripple.
Always appreciate learning more about cryptocurrency and the money system in general.
Cheers.
News out today about Ripple and AMEX:
https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/