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Post by skint4achange on Mar 21, 2018 23:50:02 GMT
The amount and range of ICO's is crazy! From World wifi to beef coin to property coin. Maybe we should launch p2p coin, called Lend coin. Mock you may Liz, but I think it may not be too long! I think Ly have this on the cards!
On your other point, I believe you are also right. I don't think the blockchain will remain how it is now. I think it will evolve and split into many chains but with a way of having a checksum block maintained at certain points to allow the chain to remain a useable size and not require the whole blockchain to be certified/checked upon each transaction.
How will they do that? I haven't the foggiest, I will leave that to the much younger, much more tech savvy generation.
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macro
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Post by macro on Mar 22, 2018 2:56:40 GMT
The amount and range of ICO's is crazy! From World wifi to beef coin to property coin. Maybe we should launch p2p coin, called Lend coin. Won't be worth the code it's written in
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Post by beeje13 on Mar 22, 2018 17:36:35 GMT
The coins are the shares in a company involved in crypto world.
If you want to share in the success of a blockchain developer you support them by buying the tokens at the ICO. After that, you share in their success if the value of the tokens rises.
I don't understand what you mean about ripple and XRP are different things? Ripple is the company and XRP was their token. The XRP is eventually going to be the token of use in many of their applications. Not quite, the coins entitle you no ownership, voting rights, or dividends like shares. And as for XRP/Ripple, XRP could disappear tomorrow but the Ripple technology would still exist. Why would a company that wants to use Ripple technology choose to buy XRP off of the Internet to use as token, when they can just use their own token? Most (but not all, admittedly) who have used Ripple use their own tokens.
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Post by skint4achange on Mar 22, 2018 17:55:17 GMT
The way I understand it is that XRP was used as the start-up funds for Ripple network.
The technology that makes up Ripple does currently utilise XRP but not fully. In the future, Ripple intend to utilise the XRP token throughout their network.
They probably can't use their own tokens as that would not guarantee them the rights to utilise the Ripple technology.
You have obviously done some research into this subject.
Your point about the dividends is irrelevant. In the event that the Coin/Token does well then you can assume your dividend is the increase in your investment. SOME (Not all) ICO's do give you voting rights.
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Post by skint4achange on Mar 22, 2018 22:03:33 GMT
On a slightly different point, one of the news feeds that I look at occasionally recently ran an article about Bitcoin and what may happen this year.
The chances are that Bitcoin will go up and down like the proverbial w***es draws (As usual), but an interesting point they made was that with the number of forks that are planned on the Bitcoin blockchain, holding Bitcoin through the highs and lows could work out to be fairly profitable.
Will be interesting to watch the next 12 months unfold.
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Post by beeje13 on Mar 22, 2018 22:19:27 GMT
There is no "Ripple Network" as such. Ripple the company offer their technology to companies, institutions, etc. And they employ their own networks and tokens in whichever way suits them.
I'd say XRP is like a proof of concept, good marketing for Ripple.
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Post by skint4achange on Mar 23, 2018 10:26:07 GMT
There is no "Ripple Network" as such. Ripple the company offer their technology to companies, institutions, etc. And they employ their own networks and tokens in whichever way suits them. I'd say XRP is like a proof of concept, good marketing for Ripple. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by the Ripple company. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger and native cryptocurrency abbreviated as XRP (ripples).
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Post by martin44 on Mar 26, 2018 19:37:11 GMT
On a slightly different point, one of the news feeds that I look at occasionally recently ran an article about Bitcoin and what may happen this year.
The chances are that Bitcoin will go up and down like the proverbial w***es draws (As usual), but an interesting point they made was that with the number of forks that are planned on the Bitcoin blockchain, holding Bitcoin through the highs and lows could work out to be fairly profitable.
Will be interesting to watch the next 12 months unfold. Bitcoin has been getting battered for the past 3 months or so, mainly due to market manipulation and the fact that it has slow and cumbersome transaction speeds/cost's, it has recently released a lightning network that speeds up transactions and reduces cost's, mainly due to the fact that other coins, such as etherium and stellar are far cheaper and intruding on the Bitcoin scene. I've been investing in crypto's for the past six months now, the returns make p2p look positively scrooge-like... it's a good alternative and worth a look as it's prominence is quickly gaining respect, having been discussed and given the thumbs up at the recent G20 shindig. JMHO.
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Post by martin44 on Mar 26, 2018 20:46:14 GMT
There is no "Ripple Network" as such. Ripple the company offer their technology to companies, institutions, etc. And they employ their own networks and tokens in whichever way suits them. I'd say XRP is like a proof of concept, good marketing for Ripple. Good point , but one i would disagree with, the ripple network is a fully open source network ledger, that is available to anyone and anything, Ripple have only the same control as anyone else over the operational aspects of the ledger due to it being decentralized, also they have no control over 80% of its tokens, ripple holds only 20% of the xrp tokens, ( in fact tokens is the wrong categorization, they are in fact "coins" which you own) 50% are held in an escrow account and 30% are on the open market, the 20% held by ripple are for easy liquidity purposes with relation to banks/money transfer co's who are slowly moving over to the blockchain technology, which IMO is going to be the future.
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cb25
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Post by cb25 on Mar 28, 2018 9:44:59 GMT
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macro
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Post by macro on Mar 28, 2018 14:40:15 GMT
Apparently many crypto-currency platforms are predicting the demise of peer-to-peer lending led by the imminent collapse of Assetz Capital.
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macro
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Post by macro on Mar 29, 2018 5:41:06 GMT
Seriously though, blockchain tech has a great deal to offer P2P lending. It's something to promote, rather than dismiss, surely? Still, I don't suppose that fits the remit of the doom-monger.
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cb25
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Post by cb25 on Mar 29, 2018 7:25:07 GMT
Seriously though, blockchain tech has a great deal to offer P2P lending. Such as ?
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Mar 29, 2018 10:00:20 GMT
Lower transaction fees, secondary market improvements (buy/sell orders), cross border lending via smart contracts etc.
There are at least two P2P crypto ICOs which I have looked at in the last two months which offer significant savings.
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macro
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Post by macro on Mar 29, 2018 11:00:47 GMT
Seriously though, blockchain tech has a great deal to offer P2P lending. Such as ? A**r***
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