Non Footy Chat Thread II

[Gary Gutful]

Do you think that this could create a ripple effect in the bitcoin market?

 

[Gronk]

Ripple's XRP Token Sets New All-Time Price High

http://www.coindesk.com/ripples-xrp-token-sets-new-time-price-high/

Let me get this straight....

I decide to start up a virtual currency. I'll call them Queefs

I start a fancy website and and announce that I have mined 1 billion queefs and they are all worth 1c each.

You better be quick. otherwise they will go up.

I start fuelling fake news websites with fanfare about queefs. Some beardo bitcoin expert and self appointed queef expert says that queefs are the new big thing.

Merkins queue up like lemmings to get their queefs before they through the roof, cos when they are mined again they are bound to be worth more next time around. Etc, etc.

Ripple is a pyramid or ponzi scheme IMHO.

 

[Avenger]

Let me get this straight....

I decide to start up a virtual currency. I'll call them Queefs

I start a fancy website and and announce that I have mined 1 billion queefs and they are all worth 1c each.

You better be quick. otherwise they will go up.

I start fuelling fake news websites with fanfare about queefs. Some beardo bitcoin expert and self appointed queef expert says that queefs are the new big thing.

Merkins queue up like lemmings to get their queefs before they through the roof, cos when they are mined again they are bound to be worth more next time around. Etc, etc.

Ripple is a pyramid or ponzi scheme IMHO.

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Is that what you think? You cannot mine ripple. I ask you why are all the banks taking it on as a means to transfer money from one area to another? The developers have already created a secure means of money transfer which is centralised and uses block chain technology. The banks know that if they try and do it themselves it would cost millions which is why they have signed up with ripple. You have no idea about this Gronk and put in some irrelevant shit because you heard about ponzii once. PM me if you need further clarification. Do some research before flying off half cocked. I trust you are smarter than that.

Like I said earlier I never told anyone to put their houses on it. Currently ripple has a market cap of just under $21 billion. So anything that us pissants do on this forum won't affect shit. I just shared it so that you may if you wish make some money. That's all.

 

[Gary Gutful]

Where do I get some of these queefs, Gronk?

 

[Avenger]

Do you think that this could create a ripple effect in the bitcoin market?

Actually it is. People are making short term gains and then selling and converting to bitcoin. Bitcoin however is a decentralised system whilst ripple is centralised which is why the banks and other government agencies like it. Ripple isn't really a crypto currency like bitcoin its more like a platform which can be quickly converted to cash. It can be only used once as its data its stripped. There are however billions of ripple coins out there but none can be mined. Bitcoin however can be to a maximum of 21 million. Once all are mined we don't know what will happen. Nobody does.

 

[Gary Gutful]

Once all are mined we don't know what will happen. Nobody does.

If nobody knows, does that mean Gronk could be right?

 

[Avenger]

If nobody knows, does that mean Gronk could be right?

Why because it's finite? So is gold and aren't most currencies pegged to the gold standard? I think that once all are mined you will be able to trade in fractions of bitcoin as you are already.

 

[Gary Gutful]

I think that means Gronk is right...

 

[Gronk]

Is that what you think? You cannot mine ripple. I ask you why are all the banks taking it on as a means to transfer money from one area to another? The developers have already created a secure means of money transfer which is centralised and uses block chain technology. The banks know that if they try and do it themselves it would cost millions which is why they have signed up with ripple. You have no idea about this Gronk and put in some irrelevant shit because you heard about ponzii once. PM me if you need further clarification. Do some research before flying off half cocked. I trust you are smarter than that.

Like I said earlier I never told anyone to put their houses on it. Currently ripple has a market cap of just under $21 billion. So anything that us pissants do on this forum won't affect shit. I just shared it so that you may if you wish make some money. That's all.

No need to fire up merkin.

Here's what I think. Ripple have a product that banks are interested in. Their block chain technology for faster settlement of international payments is very impressive. They can clear in seconds what bitcoin can do in 2/3 hours and what other banks can do in triple that.

Ripple are getting seed funding from private equity to develop this and it could change the way they we do business - unless someone else trumps them and get it right first. IMB for example, who are also investing heavily in it.

You can't buy shares in Ripple as a start up - shame cos that is where the money is.

If the Bank of America or England adopt this technology, they won't be using virtual or digital currencies. Hence why i think that speculation over XRP is a self perpetuating myth.

Hey maybe I'm the dumb one and you will soon be posting from your 65m super yacht, parked off Sardinia.

 

[Gary Gutful]

Hey maybe I'm the dumb one and you will soon be posting from your 65m super yacht, parked off Sardinia.

I thought that's what he already did.

 

[Avenger]

No need to fire up merkin.

Here's what I think. Ripple have a product that banks are interested in. Their block chain technology for faster settlement of international payments is very impressive. They can clear in seconds what bitcoin can do in 2/3 hours and what other banks can do in triple that.

Ripple are getting seed funding from private equity to develop this and it could change the way they we do business - unless someone else trumps them and get it right first. IMB for example, who are also investing heavily in it.

You can't buy shares in Ripple as a start up - shame cos that is where the money is.

If the Bank of America or England adopt this technology, they won't be using virtual or digital currencies. Hence why i think that speculation over XRP is a self perpetuating myth.

Hey maybe I'm the dumb one and you will soon be posting from your 65m super yacht, parked off Sardinia.

So how is it a Ponzi scheme? At least admit that was a stupid statement.

 

[Avenger]

By the way Ripple will have to get to a bitcoin price before I can buy that yacht. Besides as Packer said if it floats, flys or f**ks, rent it don't buy it. I agree with that. So there will be no yacht.

My tip is that ripple will get to about $1.30 at most $2 by this time next year. Let's see how I go.

 

[Gronk]

So how is it a Ponzi scheme? At least admit that was a stupid statement.

How about you tell me how it is not a ponzi scheme ?

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

 

[Swiftstylez]

I would rather go on www.pygmyporn.com for 24 hours straight than watch Jimmy Fallon/Kimmel. At least I know what I'm getting. If I want political commentary I'll actually watch the real thing.

 

[Gronk]

By the way Ripple will have to get to a bitcoin price before I can buy that yacht. Besides as Packer said if it floats, flys or f**ks, rent it don't buy it. I agree with that. So there will be no yacht.

Yeah smart merkins just rent a super yacht from a billionaire for a week or three and let him worry about staff upkeep etc.

When we win a premiership, you should have us all on board.

 

[Avenger]

How about you tell me how it is not a ponzi scheme ?

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

Ponzi schemes using virtual currencies doesn't make the virtual currency a Ponzi scheme. There have been virtual currencies that have been scams. No doubt. They did not work and did not use a block chain. It didn't exist. Ripple works that's why the banks and other government organizations are using it.

You and I are talking about ripple specifically and you and I both know that ripple is not a Ponzi scheme. You are just using circular logic to try and lessen the impact of your stupid assertion. Have you been receiving lectures from Pou?

 

[Swiftstylez]

zzzz

 

[Avenger]

Yeah smart merkins just rent a super yacht from a billionaire for a week or three and let him worry about staff upkeep etc.

When we win a premiership, you should have us all on board.

Exactly because smart practical people know that you only ever spend a few weeks on a boat at best every year.

 

[Gronk]

Ponzi schemes using virtual currencies doesn't make the virtual currency a Ponzi scheme. There have been virtual currencies that have been scams. No doubt. They did not work and did not use a block chain. It didn't exist. Ripple works that's why the banks and other government organizations are using it.

You and I are talking about ripple specifically and you and I both know that ripple is not a Ponzi scheme. You are just using circular logic to try and lessen the impact of your stupid assumption. Have you been receiving lectures from Pou?

Banks are buying xrp ? Source ?

Here is the thing. Ripple has technology which is seemingly in demand. However does this drive demand or is it driven by speculators ? I'm yet to be convinced that they are linked.

 

[Avenger]

Banks are buying xrp ? Source ?

Here is the thing. Ripple has technology which is seemingly in demand. However does this drive demand or is it driven by speculators ? I'm yet to be convinced that they are linked.

https://www.cryptocoinsnews.com/mufg-ripple-blockchain/

http://www.afr.com/technology/nab-w...s-new-global-payments-network-20160915-grgz81

https://au.finance.yahoo.com/news/75-banks-now-ripples-blockchain-network-162939601.html

XRP hold 60% of all ripple coins. The remaining 40% are held by investors. I think the above and investors are driving up the price.