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Pastimes : Triffin's Market Diary -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (454)	2/4/2015 6:49:59 PM
From: Triffin	Read Replies (1) \| Respond to of 868

BC: WORKING ON THE BLOCKCHAIN GANG .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. People just want to do fun stuff with their crypto. Bitcoin and Litecoin are boring with huge block times. I tried NXT and Counterparty decentralized exchanges, and they are cool. Way funner and more interesting than bitcoin and Litecoin. But the moment I made a transaction on Ripple and it was executed as fast as E-Trade, I realized that Ripple was the front runner to disintermediate Wall Street because it felt like I was on Wall Street. That is why it is #2 in the world right now. People got rich on Bitcoin because it disintermediated Western Union. If you want your coin's market cap to hit $1 billion, then your coin must disintermediate some business. What business model is your coin disrupting? Ripple is looking to disintermediate Wall Street because its transactions are as fast as Wall Street's. If your coin's transaction times are not as fast as E-Trade's then your coin is not going to take much of their pie. Ripple's only 2 downsides are that it is centralized and has counterparty risk which BitShares solves while keeping those E-Trade speed block times. Yet BitShares trades at roughly 2x Stellar (which is still centralized with counterparty risk). Talk about cheap. NXT is cheap too, but I don't know what particular business it is currently disrupting (providing an equal or better experience). People don't really care about privacy or centralization, in fact, they like trusting people like the Winklevii who are competing with Ripple as the fast front end when trading bitcoins. BitShares is competing with them too at the same transaction speed, but you also get a trustless environment where you cannot get Goxed. Ripple and BitShares are the top 2.0 coins because they feel like E-Trade. NXT and XCP are competing for a different market, I'm not sure what that market is, but it ain't the Wall Street HFT environment. Traders are high octane people who don't have time to wait because time is money. Do you think that the Wolf cares that his trading platform is centralized? https://www.youtube.com/watch?v=iVJYS1L1snA Hell no, that is why he will be using Ripple and not BitShares, NXT, or XCP. Just a few months ago, Ripple was like 1/50 of bitcoin's market cap. a few weeks ago it was like 1/4. People talk a lot about NXT and BTS, but they overlook Ripple which is the benchmark for Wall Street disintermediation. Now if they are looking to snatch a piece of some other business pie, then I'd love to hear the pitch.... Just because Ripple is centralized don't mean that people don't love it. I thought that the MT Gox incident would drive people to BitShares and NXT, then after BitStamp, I thought the same thing, but the bottom line is that only Libertarian freaks (NXT,BTC,BTS) care about decentralization and privacy. Which is why Rand Paul coin got invented. So what we are all saying is that if Ripple was decentralized and counterparty risk free, then there would not be any need for NXT or XCP or BTS. I sure as hell wouldn't own anything else.