Ripple has overtaken Litecoin

[Markus]

Oh, OK, guess I was making this too hard.

So, really on coinmarketcap.com they should be quoting BTSX, not BitsharesX, and XRP, not ripple?

As BitsharesX and Ripple are just platforms, and it is the currency BTSX and XRP that is trading and being quoted.

Brent Allsop

Bitcoin itself has the same differentiation but it's less obvious in wording. There's the protocol and the coin. One is spelt with a capital "B" and one with a small one. I forgot which is which though :)

[vegolino]

In the right hand corner on coinmarketcap.com click View All and you will see Symbol column where BTSX and XRP are displayed.
aloha  :)

[Brent.Allsop]

Oh, OK, guess I was making this too hard.

So, really on coinmarketcap.com they should be quoting BTSX, not BitsharesX, and XRP, not ripple?

As BitsharesX and Ripple are just platforms, and it is the currency BTSX and XRP that is trading and being quoted.

Brent Allsop

[Riverhead]

  But it doesn't answer what I'm trying to ask, what are the mechanical, computational, definitional differences between BitsharesX and BTSX?

BitSharesX = Bter or BTC-e only built on a blockchain.


BTSX = BTC = LTC - The "coin".

[tonyk]

BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.

I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?

Put simply, if the 50th biggest bank in US starts accepting exchanging 1 bitUSD for 1 USD it will mean BTSX market cap will be 10s of billions of $$$.

Thanks tonyk,  That's an exciting fact, great to know.  My question had nothing to do with BitUSD or USD, which I mostly understand.  But it doesn't answer what I'm trying to ask, what are the mechanical, computational, definitional differences between BitsharesX and BTSX?

I do not know what are you trying to ask. BitsharesX  is the platform, BTSX is the currency (but I, for example, use  BTSX  for both). BTSX are the shares in a company(DAC) called  BitsharesX . 

[Brent.Allsop]

BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.

I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?

Put simply, if the 50th biggest bank in US starts accepting exchanging 1 bitUSD for 1 USD it will mean BTSX market cap will be 10s of billions of $$$.

Thanks tonyk,  That's an exciting fact, great to know.  My question had nothing to do with BitUSD or USD, which I mostly understand.  But it doesn't answer what I'm trying to ask, what are the mechanical, computational, definitional differences between BitsharesX and BTSX?

[tonyk]

BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.

I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?

Put simply, if the 50th biggest bank in US starts accepting exchanging 1 bitUSD for 1 USD it will mean BTSX market cap will be 10s of billions of $$$.

[Brent.Allsop]

BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.

I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?

[xeroc]

I understand .. thanks for the detailed explanation +5%

[xeroc]

BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.

I finally understand .. thanks ..

The "I owe you" does exist in BitSharesX too .. it's jsut at a different place .. namely at the shorteres that owe the network a bitUSD or any other asset .. However(!!) .. they give up a security TO the network .. that may be the biggest difference in both systems ..

do you agree?

[xeroc]

replace 'bank' with "(volumen of) all bitAssets" .. and we are back to
Ripple <=> BitSharesX
XRP <=> BTSX

what am I missing here?

[38PTSWarrior]

I say yes

[xeroc]

From Wikipedia

Ripple is a payment system, currency exchange and remittance network by Ripple Labs. It is built upon a distributed, open source internet protocol, consensus ledger and native currency called ripples (XRP).

For me that states:
Ripple <=> BitSharesX
XRP <=> BTSX

Is that about correct?

[liondani]

When will btsx does this feat? Once investors have a clear path to different BitAssets available in X , it will be a helluva ride. :)

ripple can easily overtake BTC if it changes its supply again....

+5% +5% +5%

[kisa]

When will btsx does this feat? Once investors have a clear path to different BitAssets available in X , it will be a helluva ride. :)

ripple can easily overtake BTC if it changes its supply again....

Exactly. Ripple has 99 billion units.

well, not quite as big as BTC... at current valuation even with the whole supply 100bn x 0.0054 USD = 500m USD

recent XRP rally (+10-12% and decent volume 1m USD per day) mainly due to the news of cooperation between RippleLabs and City National Bank (50th biggest in the US). Also the mickey mouse Fidor bank of Gemany making some progress with Ripple integration.

[luckybit]

When will btsx does this feat? Once investors have a clear path to different BitAssets available in X , it will be a helluva ride. :)

ripple can easily overtake BTC if it changes its supply again....

Exactly. Ripple has 99 billion units.

[edilliam]

When will bitshare do this feat? Once investors have a clear path to different BitAssets available in X , it will be a helluva ride. :)

I predict before the end of this year.

[jwiz168]

When will btsx does this feat? Once investors have a clear path to different BitAssets available in X , it will be a helluva ride. :)