How convenient for Ripple....

[bytemaster]

Am I missing something ... if we are talking about gateways isn't that the first step to centralization.   Why would we want gateways if we want a decentralized network?

The network is decentralized... gateways are just players that compete with each other in the free market.   You want 1000 gateways....

[Empirical1]

Am I missing something ... if we are talking about gateways isn't that the first step to centralization.   Why would we want gateways if we want a decentralized network?

In the early days of BitAssets before retailers and third parties find value in dealing with BitAsset holders directly we need to give them maximum utility.

The way to do that is gateways of some sort. At the moment the conversion cost is circa 2%, as a result all else being equal a BitUSD can't really be worth more than $0.98 to the USD atm even with the proposed changes https://bitsharestalk.org/index.php?topic=7953.0

So the gateways are useful in the short term if they can make conversion cheaper and easier or else we ask shorts (who are BTSX bulls) to bear the cost on behalf of BitUSD holders in some way, this is my preferred approach.

[educatedwarrior]

Am I missing something ... if we are talking about gateways isn't that the first step to centralization.   Why would we want gateways if we want a decentralized network?

[James212]

It is very important that people don't make this an "us vs them"... I have a lot of respect for Ripple's product and they are a valuable resource. 

At the end of the day ranking on coin market cap is just a statistic.  The fact that BTSX is in the same league as Ripple when the code is still incredibly buggy and we are patching things on the fly is amazing.   

Given the investment and infrastructure behind Ripple I was rather surprised at their small market cap.  I feel that this adjustment is a more fair estimation and by the end of the week we may well be ahead of them again.

 

I have no issues with calling out something that looks shady.  Think about it like this:

There are many newbies joining the forums everyday...just trying to learn about crypto so they can make informed decisions.  So many of them become victims of pump and dump scams precisely because of manipulation of public perception in similar ways to how this was done.  It sucks to see strategies like these used as it just invites tighter "regulation" of this burgeoning industry as an entire class of raped newbies start crying about the scammers and thieves.  This isn't even mentioning the number of people who leave the crypto ecosystem as a whole screaming "Ponzi!" for all (potential users) to hear.   

Don't user's deserve to get multiple potential angles on a story?  Aren't those various angles all valuable to best assess the reality of a situation?  Isn't that assessment necessary to properly invest in ANY market?

So it isnt an "us against them" thing at all.  It is more of a "don't blatantly be a market-manipulating dickhead" thing...you know, kind of why the bitsharesx exchange was built in the first place!

Actually losing a bit of respect for coinmarketcap for actually stamping their approval on the whole drunken orgy.

 

[Empirical1]

I don't know why everyone seems angry about this, to me, this just shows how ripple feels threatened by bitshares

Only 1/2 people seemed upset. I think the rest just found it funny/amusing

It's like Ripple got run-over by the BitShares train, but then went to a lot of effort to put themselves on the tracks in front of the train again 

(Edit: Just a bit of fun. BitShares is running it's own race as far as I'm concerned & may even end up working with Ripple for all I know for help with gateways etc. if there's mutual benefit.)

[Akado]

I don't know why everyone seems angry about this, to me, this just shows how ripple feels threatened by bitshares

[luckybit]

How about you stop the us versus them mentality and focus less on vanity metrics like market capitalization and more on real value like Titan, scalability, DPOS and BitAssets.

Stop framing it in us vs them bs paradigm.  Your story would be 180 degree + output if you were on other side.

It's all in good fun, folks. Most of us believe we'll pass them again anyway...without manipulating numbers. All in good fun.

It is actually a little bit on the shady side.  Fun or not, it is an attempt to manipulate public opinion with which I personally disagree.  I am not a Ripple fan (outside of the technological aspects)...Stellar philosophically just seems to be a far better match for BitShares.

Bitshares isn't even on this one http://cryptmarketcap.com/ or this one http://www.cryptocoinrank.com/

[tonyk]

No clue.  I have no real side in this race outside innovation and well ... Bitshares wins that.  Like really ..  seriously ..  Crazy nuts we became #1 enemy to all within 1 week.

First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi

I think we are on stage 3 right now...

Yes last stages of 2 and the beginning of 3. How should I put it -fighting with you by trying to make fun of you...

[liondani]

No clue.  I have no real side in this race outside innovation and well ... Bitshares wins that.  Like really ..  seriously ..  Crazy nuts we became #1 enemy to all within 1 week.

First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi

I think we are on stage 3 right now...

[fuzzy]

That guy is a closet ninja if ive ever seen one!

I picture hoskinson with a bo staff though.

[liondani]

Has everyone forgotten that invictus is dumping ags funds into bitshares? Your market spike has been largely due to the bullish position invictus has taken. If I buy millions worth of litecoin, then it would spike too. Market caps are vanity metrics. Real value is preserved over the long run.

so it's just a coincidence that immediately after Dan anounced that Invictus will purchase a large amount of bitshares the price started to spike? Second where are the ags holdings? Third, charts show a cascading purchase pattern this does not require every order to come from i3 just the bootstrap to create the speculative cascade.

You'll know if the currency experiences a rapid correction. We saw this same pattern with maxcoin.

[luckybit]

How about you stop the us versus them mentality and focus less on vanity metrics like market capitalization and more on real value like Titan, scalability, DPOS and BitAssets.

Stop framing it in us vs them bs paradigm.  Your story would be 180 degree + output if you were on other side.

It's all in good fun, folks. Most of us believe we'll pass them again anyway...without manipulating numbers. All in good fun.

It is actually a little bit on the shady side.  Fun or not, it is an attempt to manipulate public opinion with which I personally disagree.  I am not a Ripple fan (outside of the technological aspects)...Stellar philosophically just seems to be a far better match for BitShares.

If the Bitshares community deems it so then we have the option to refuse Ripple and give our business to Stellar Gateways. Afterall if Ripple community thinks in an us vs them mentality maybe Stellar is more amicable to cooperation?

We don't need to compete except on technology. Ripple and Bitshares aren't technological adversaries and actually have more to benefit from integration.

[fuzzy]

It is very important that people don't make this an "us vs them"... I have a lot of respect for Ripple's product and they are a valuable resource. 

At the end of the day ranking on coin market cap is just a statistic.  The fact that BTSX is in the same league as Ripple when the code is still incredibly buggy and we are patching things on the fly is amazing.   

Given the investment and infrastructure behind Ripple I was rather surprised at their small market cap.  I feel that this adjustment is a more fair estimation and by the end of the week we may well be ahead of them again.

 

I have no issues with calling out something that looks shady.  Think about it like this:

There are many newbies joining the forums everyday...just trying to learn about crypto so they can make informed decisions.  So many of them become victims of pump and dump scams precisely because of manipulation of public perception in similar ways to how this was done.  It sucks to see strategies like these used as it just invites tighter "regulation" of this burgeoning industry as an entire class of raped newbies start crying about the scammers and thieves.  This isn't even mentioning the number of people who leave the crypto ecosystem as a whole screaming "Ponzi!" for all (potential users) to hear.   

Don't user's deserve to get multiple potential angles on a story?  Aren't those various angles all valuable to best assess the reality of a situation?  Isn't that assessment necessary to properly invest in ANY market?

So it isnt an "us against them" thing at all.  It is more of a "don't blatantly be a market-manipulating dickhead" thing...you know, kind of why the bitsharesx exchange was built in the first place!

Actually losing a bit of respect for coinmarketcap for actually stamping their approval on the whole drunken orgy. 

[tonyk]

No clue.  I have no real side in this race outside innovation and well ... Bitshares wins that.  Like really ..  seriously ..  Crazy nuts we became #1 enemy to all within 1 week.

First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi

[vegolino]

It is very important that people don't make this an "us vs them"... I have a lot of respect for Ripple's product and they are a valuable resource. 

At the end of the day ranking on coin market cap is just a statistic.  The fact that BTSX is in the same league as Ripple when the code is still incredibly buggy and we are patching things on the fly is amazing.   

Given the investment and infrastructure behind Ripple I was rather surprised at their small market cap.  I feel that this adjustment is a more fair estimation and by the end of the week we may well be ahead of them again.