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/biz/ - Business & Finance

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5264731 No.5264731 [Reply] [Original]

Only one coin can save you

Better than Litecoin, Vertcoin, Bitcoin, faster, cheaper, no electricity costs, no fkn miners Tell me ONE reason not to go allin

>> No.5264781

Are there any use cases?
No didn't think so.
Thanks bought 100k

>> No.5264795

its wallet is borderline unusable

>> No.5264819

One reason?

Industry doesn't care about tech as much as hype. Mass adoption is the only thing that matters.

>> No.5264846
File: 92 KB, 505x722, image.jpg [View same] [iqdb] [saucenao] [google]
5264846

>>5264795
New wallet coming this month
Coin respected as a no bullshit coin in the space.
No fake partnerships or shill partnerships.
Nearly zero media, shot up to top 50 market cap.
Team offers to send Devs to exchanges to assist integrating.
No shilled ICO for millions of dollars.
No mining crap.
Designed for and ACTUALLY INSTANT, FREE transactions.
Created by god level dev ColinLeMahieu (checked linked in)
6 Million in volume on 2 extremely small exchanges.
Crashed said exchanges due to volume.
Years of Development.
Working Wallet and Working Product.
Steadily rising in volume.
No crap homemade hashing algos.
No centralization.
why arent you in already?

Pic related is devs previous work

>> No.5264884

>>5264731
Idk man seems a tad suspicious, how come this technology solves al the other issues? And what compromises does it make in return? it just makes little sense to me. If the system is so great why don't under coins also start using it? Perhaps it's patented or has license fees idk, seems fishy to me.

>> No.5264926

>>5264884

Why is it people go all in for literal vaporware but once something actually is a working product they get uncertain?

>> No.5264950

>>5264819
It's mooning on literal pajeet exchanges with no marketing at all and you want to tell me this isn't hype

>> No.5265020

>>5264781
if you have your use cases the coin will cost $300, promise you that. Buy early, be top in the rich list, be fkn RICH in a couple month

whatever, just throw $100 in it, for gods sake I hate to see biz crying about another missed ANS->NEO

>> No.5265032

>>5264884

stay poor, faggot

>> No.5265059
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5265059

>>5264731
>not on blockfolio

>> No.5265074

>>5264819
This shit is riding on a LOT of hype, pretty much reddit coin of the month. People have to go out of their way to acquire xrb which makes the growth of it remarkable.

>> No.5265080

>>5265059
Use delta newfag

>> No.5265101

I actually went all in 3 days ago. And i’ve never feel so confident.

>> No.5265170

>>5264846
I'll wait for it to hit a decent exchange. Might miss out on Mars mission but will hopefully catch a moon trip

>> No.5265171
File: 29 KB, 349x534, screenshot.2017-12-20 10.11.49.png [View same] [iqdb] [saucenao] [google]
5265171

>>5265080
does it let you pick exchanges or does it use generic coinmarketcap api data

>> No.5265228

>>5265171
It allows you to pick way more exchanges then blockfolio

>> No.5265249

>>5264731
>no electricity costs
wrong

PoW required for transactions

>> No.5265305
File: 28 KB, 173x169, watch it vitalik.png [View same] [iqdb] [saucenao] [google]
5265305

>>5265228
this better not be shit anon

>> No.5265358

Where can I buy this shit without KYC?

Bitgrail now requires it.

Mercatox still legit?

>> No.5265435

>>5265358
do they only require for 0.5 btc or more withdrawals or is it everyone now? I signed up yesterday put 1.25 ETH in, and I didn't need to verify anything.

>> No.5265497

>>5264731
>ONE reason not to go allin
Only traded on trash exchanges

>> No.5265543

>>5265435

Try to withdraw it, lemme know how it goes

>> No.5265601

>>5265543
I don't have a wallet anon, I'm keeping it on the exchange so I can dump it at top, I'm looking for an easy 2-3x, they take too long with deps/withdrawals

>> No.5265791

>>5264926
too fucking real

>> No.5265792

because "better tech" doesn't matter (see: bitcoin) this shit sounds good on paper but there are a dozen other similar coins saying the same shit

>> No.5265840

>>5265305
delta is decent
just wish xrb was on blockfolio as well tho

>> No.5265845

>>5265020
>just throw $100

Exactly

>> No.5265971

>>5265840
Blockfolio said soon

>> No.5266194

Stop your shit now and just buy BZC

>> No.5266484

>>5265358
bought on Mercatox without verification. Not sure if they have a limit though since I didn't spend much

>> No.5266574

>>5266484
try to withdraw. what is minimum?

>> No.5266596

>>5266194
get out of the street pajeet

>> No.5266717

>>5264926
because there are coins like IOTA that have million MIT niggers trying to solve the scaling and fee issues and they have failed so far and suddenly some random guy appears and boom he solved literally every issue with blockchains and made literally a perfect coin?

>> No.5267195

>>5266717
And nobody can tell me how exactly it works and whether it will actually handle thousands of txs per second once it gets the userbase.

>> No.5267550

>>5267195
WTF just read the whitepaper. It's 8 fucking pages you can do it. Way better than IOTA.

>> No.5267603

>>5264846
>>5264731
>>5265020
aside from it looking like a good project, i'm assuming getting into a lot of these coins on smaller exchanges (even at small increments) will pay off greatly once they gain traction on larger exchanges - which might just be a good strategy over all?

>> No.5267709

>>5267550
>It's 8 fucking pages
That's exactly why I'm sceptical

>> No.5267960

>>5267603
yes, huge potential reward but if liquidity dies you have no chance of selling, that's the rub.

>> No.5268040

>>5267709
Bitcoin's one was 9 pages.
Also, it's clearly written in LaTeX which shows that the lead dev is somewhat experienced in at least reading academic papers (this is a sign of computer science skill). If you check the shitcoins, you'd be hard pressed to find LaTeX whitepapers. Why? Because they're shitcoins exactly. I found that if a whitepaper is written in LaTeX it's already a good sign.

Aside from this, he's competent as a software engineer, and you can check his work history on LinkedIn.

Also, he just wrote this short piece:
https://medium.com/@clemahieu/hi-im-colin-lemahieu-the-lead-developer-of-raiblocks-d81f3d864b8b

>> No.5268080

>>5267709
so you like those 50 pages whitepapers, full of graphical images and other bloated shit put in just to fill the pages?

in which the "developers" talk about the actual project in like 1 page or less? suit yourself

>> No.5268174

>>5264884
DAG coins like Rai are meant to be more susceptible to spam attacks. IOTA got fucked recently with one.

That said if they can prove to be resistant to all the normal attack vectors this is a really good coin.

One thing the do to help prevent spam attacks is it put a small proof of work on the sender (5 seconds) to send a transaction which is instantaneous.

Thats why this coin is harder to integrate into exchanges than others. Bittrex et all would be responsible for the proof of work for every transaction when sending Rai.

I think its a really unique and cool coin. I hope the dev turns it into a rounded package (which its not yet)

>> No.5268240

>>5268174
You're right. Possible attack vectors and solutions are outlined in the whitepaper. For some there's already a good solution, for others not quite.

There's still lots of work to be done, which is why I'm betting on it. I classify this investment as high risk, high reward.

>> No.5268407

>>5267709
Its actually a really good whitepaper.
Most white papers these days are just marketing memos.

This guy has developed a new and novel approach to blockchain\crypto (in his spare time I may add).

Thats what whitepapers are meant to be. A Technical description of a new technology, not a mish mash of random ideas and promises.

>> No.5268505
File: 57 KB, 567x561, 7AEDA952-FED4-4F08-808D-12CFA9AEF287.jpg [View same] [iqdb] [saucenao] [google]
5268505

>>5264781
>”no use cases”
>literally allows you to use crypto almost instantly with no fees, with potentially unlimited scalability

>> No.5268542

>>5268240
What is left to be done on the underlying technology? If it works it works.

This guy seems like a bit of a genius developer but the project is lacking in the aesthetics department.

>> No.5268599

>>5268542
>if it works it works

Agreed, but we’ll see if it can scale first

>> No.5268777

>>5268599
We will see soon, long before all these vaporware projects.

>> No.5268854

>>5268599
Do you have any info on what attack vectors will be the most difficult to solve?

>> No.5269290

anyone know what the withdrawal limits are for verified vs. unverified accounts on bitgrail? I saw 0.5 BTC on leddit for unverified, but not sure how current that is.

>> No.5269759

>>5269290

its 0.5

You can ask it on their telegram, but I assure you it's 0.5 BTC unverified and 1.5 BTC verified.

>> No.5269799

>>5269759
thx anon

>> No.5269863

>>5269759
what is minimum withdraw on the available exchanges? Don't want to put my memecoins on a shitexchange just to be stuck with some shitcoins

>> No.5270176

>>5269863
BitGrail is 100 XRB minimum withdraw, no fees.

>> No.5270458

>>5270176
that pretty steep for a poorfag like myself

>> No.5270522

>>5264781
instant arbitrage between exchanges. just to name one.

>> No.5270645

>>5270458
real talk you shouldn't be gambling on cryptos if you can't afford it. I'm only willing to put $1k on a risk like this, and that's out of a $210k blockfolio. the fact of the matter is that there's going to be a handful of people that will sell at the top of the pump once it hits, I plan on being one of them, and everyone else will be left holding the bag.

this isn't any different than the other hundreds of times it's happened over the years. just keep it on the exchange and sell when the pump hits, you won't have time to move coins around anyways. odds are you might miss it to, so I'm ready to never see that money again.

>> No.5271053

I like raiblocks as it is better then 98%+ of the shitcoins out there and I do own some, but it's not going to touch IOTA and you're delusional if you think it will.

>> No.5271739

>>5271053

IOTA is a centralized shitcoin by oracles

>> No.5272458

>>5270645
You are retarded if you think XRB is a pump and dump lol.

>> No.5272618

>>5272458
Don't mind him, that's the type of guys who sold btc at the "peak" ($10) some years ago.
More XRB for us.

>> No.5272621

>>5272458
not saying it is, just that's what I'm going to do with it. legit coins aren't available on literal who exchanges only, XRB is far from being a sure thing at this stage. no smart person is going to risk thousands or tens of thousands on something like that, not until it proves it's going to stick around. even if it's a good product, bad timing can kill a good product, and exchanges need to adopt it or else there will be no liquidity. plenty of good coins have died simply because they launched at the end of a bull cycle.

>> No.5272651

>>5272618
I actually have over $200k in ETH because I bought at $10 and wasn't retarded enough to sell.

>> No.5272683

>>5270645
My blockfolio is 31k and my XRB position is roughly 4k. Planning to add more.

I used it myself, instant and fee-less transactions. The things missing are better wallets and more exposure.

>> No.5272724

>>5272621
>>5272651
Okay, you have a point. You have more money than the typical /biztard/ so it's okay you don't risk that much.

>> No.5272734

>>5265358
Had bunch of raiblocks stolen, about 15 accounts got hacked. I would buy on these exchanges but move it off quickly.

>> No.5272782
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5272782

>investing in "Colin The Matthew"

>> No.5272905

>>5272683
>>5272724
this is actually the first risky alt i've thrown money at since the summer bull market, we just need to be very careful that minereum 2.0 doesn't happen.

it was a good product too but had a complicated contract that made it hard for exchanges to implement. it pumped a few times but bittrex never came, I saw the liquidity drying up and that piece of shit livecoin was the only exchange that had it (nearly identical to bitgrail), so I exited with about $3k in profits and everyone else got fucked. I was burned too many times in 2013-2015 and am starting to see the pattern now. plus exchanges are much harder to get on now, so it will take both luck and a good product to get rich on this.

>> No.5272954

>>5272734
>>5265358
Yeah. I used Bitgrail. It's a really shit exchange, but that's why you buy and immediately transfer to your wallet.
There's a minimum of 100 XRB to withdraw, the devs of the exchange said recently on twitter that they are thinking of lowering the amount, but right now it's 100.
BTW someone is making a new exchange based around XRB, https://rai.exchange/
it's still in development though.
And to anyone who wants to see, there's an AMA going on in reddit right now, where the founder is answering questions. https://www.reddit.com/r/RaiBlocks/comments/7ko5l7/colin_lemahieu_founder_and_lead_developer_of/?st=JBFEI9OG&sh=ea200b6f

>> No.5272981

>>5264846

Nice to see someone copying and improving some of my lazy points.

There's probably more to add from the AMA today.

Thx anon.

>> No.5273185

>>5264884

Tech designed from ground-up to be a better payment system than Bitcoin. Everything else is sacrificed (e.g. no smartcontracts), sender does some proof of work.

What sold me was:

- DAG design allows almost infinite scalability (unlike monolithic ledger coins)
- it requires running nodes for free, but they're very cheap to run
- poor marketing because of 100% focus on making the tech perfect

>> No.5273231

>>5264926

It's too good to be true + poor marketing. Bad combo for a product that actually delivers.

It's like people didn't believe Bitcoin could work.

>> No.5273234
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5273234

I am essentially all in on this coin and I have no intention to sell. 2018 is gonna be the year of XRB boys.

>> No.5273286

>>5273234
what the fuck...

>> No.5273288

>>5273234
wow
at what price did you first buy in? I got in late and I don't even have 2k XRB

>> No.5273339

>>5265059

Because it's not on major exchanges yet (fluctuating price, exchange APIs suck).

Imagine the price once it is on blockfolio after being integrated with a REAL exchange.

And there's delta instead of blockfolio.

>> No.5273344

>>5273234
That's a lot, I only have 2650 XRB. I wish I had more.

>> No.5273395

>>5264846
>Nearly zero media, shot up to top 50 market cap.
So it's a PnD. There's no other explanation.

>> No.5273439

>>5273234
I was in early with about 1.5 BTC .. around the 0.00015 marks. I can thank my brother for it who told me to get it. He by the way got 1.6 million USD out of it so far lol (no larping)

>> No.5273501

this coin was shilled here on biz quite some time ago. there are some people here who got in extremely early

>> No.5273502
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5273502

Why the FUCK isn't this on binance!? I know it's a literal shitcoin but I've been wanting to ride the waves all week.

>> No.5273550

>>5273502
unique blockchains are very hard to get onto exchanges

>> No.5273551

>>5273395
Or maybe it's a great coin with a clear future ahead so people are investing large sums on it? why does everything needs to be a PnD?

>> No.5273588

>>5273551
everything in crypto is a PnD, it's just a matter of if the coin survives it

>> No.5273610
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5273610

>>5273395
It already corrected from $3.50 down to $2.
now its back to $3.77

plus the creator is an autistic genius like Vitalik Buterin.


https://www.reddit.com/r/RaiBlocks/comments/7ko5l7/colin_lemahieu_founder_and_lead_developer_of/

>> No.5273638

>>5264731
6 person dev team, worse than iota.

>> No.5273649

I want to buy this but it's pretty much at its ATH right now..

>> No.5273653

>>5272981
>>5264846
kek was me. stole your copypasta, added to it and took the pic of colins linkedin.

glad its being used to shill.

>> No.5273782

>>5267550
I read it, I'm not exactly convinced this thing scales. The whitepaper didn't reassure me that much, I'm going to go through it again in a couple hours with a whiteboard this time but something seems off.

>> No.5273792

>>5272905
>exchanges are much harder to get on now

Imagine a coin that allows instant and free arbitrage between exchanges.

Imagine an exchange offering free and instant deposits and withdrawls to users.

Imagine a coin that an exchange can buy from another exchange AFTER someone places an order for it - and without anyone really noticing.

I could go on, but the fact that you can trade this without the congestion issues of IOTA is pretty big for an exchange.

P.S. I'm not going to dump this once it's on binance (or whatever).

>> No.5273885

>>5273782
It went to 7k TPS on the testnet. That's more than enough for now.

>> No.5273896

>>5273792
with XRB though proof of work is done on transactions, so this will be a major hurdle for a lot of exchanges. that's a big ask of an exchange like bittrex.

>> No.5273923

>>5273550

> unique blockchains are very hard to get onto exchanges

unlike bitcoin forks...

>> No.5274043

>>5273923
bitcoin software is not complicated at all. it's dumb actually and it's got the biggest user/codebase in cryptos. new coins like this are much more difficult especially because of the proof of work factor, as a developer myself that sounds like a nightmare for exchanges.

>> No.5274096

>>5273792
Lol arbitrage doesn't work if you can only transfer 1 coin you dingus.

>> No.5274103

>>5273653
>glad its being used to shill.

I'm embarrassed, coz my shilling still needs work. The coin deserves it.

>> No.5274115

>>5273923
>>5274043
plus the exchanges probably outsource their data centers so they won't have the hardware flexibility they might need if they do experience high transaction volumes for all the PoW

>> No.5274145

>>5266484
ETH has shitloads of devs and a fucking cat app clogged the whole network.

Technology moves forward.

>> No.5274233

>>5273782

Quite a few things allow scaling, notably:
- DAG (instead of monolithic ledger)
- ordering after the transaction

It's a no-brainer, really. Even though bitcoin was a breakthrough, it's a dinosaur compared to what can be done.

RaiBlocks = hindsight turned into better tech

>> No.5274234

>>5273792
>>5274096
Of course it works. You would use XRB to get money in or out, depending on the situation. The thing is that once this is doable, it will be instantly taken advantage of, and then the edge would disappear.

>> No.5274277

>>5273896

Exchanges don't do transfers during trading.

(Imagine every BTC trade costing $10-$30).

So it's only relevant to deposits/withdrawls and inter-exchange trades.

>> No.5274338

>>5274277
I realize that, I assumed everyone knew that, but it would affect them with deposits and withdrawals.

>> No.5274352

>>5264731
have no money to invest
i am poor :c

>> No.5274379

>>5274277
all I'm saying it's a fairly big barrier for exchanges to list it, that adds to the risk quite a bit.

>> No.5274384

>>5274043

Sorry, about the quoting - I'm not arguing with you at all.

I meant to agree with you + some sarcasm towards the massive BTC forking lately.

>> No.5274449
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5274449

>>5274233
What prevents double spend if this thing actually scales? It seems like either you can't stop me posting transactions on 2 chains simultaneously or you need literally every node to ping every other node for every transactions, which would require a metric fuckload of traffic.

>> No.5274494

>>5274234
That's no different than just having value on both exchanges. It balamces the xrb price but you can't arbitrage, say bitcoin, any better because you actually have to transfer the bitcoin itself to get the better price.

>> No.5274512

>>5274384
no problem friend, I'm not trying to FUD either, this is the first alt I've thrown money at in a while, but I want people to be aware of the risks of investing in a coin with a unique blockchain that makes it very hard to create new markets. it can still be a good product but timing, cooperation, and luck will be everything.

>> No.5274537

how does this shitcoin stack up against IOTA, Byteball, (insert dag coin here)... not talking about the hypothetical tps or the "great tech, solid dev team" but from an actual real world use case point of view.

>> No.5274557

>>5274379

I'm not arguing with you.

Happy to be exchanging thoughts, anon.

I agree that the tech isn't easy to integrate.

Though, the RaiBlocks team did say they'll send their devs to any major exchange that would want to integrate.

Of course, NDA's and stuff like that get in the way too.

>> No.5274578

>>5274449
I asked your question on the reddit AMA
https://www.reddit.com/r/RaiBlocks/comments/7ko5l7/colin_lemahieu_founder_and_lead_developer_of/

>> No.5274605

Guys don’t buy a 100% working feeless and quick token. Buy some ERC-20 shittoken that MIGHT be useful in 2 years.

>> No.5274656

>>5264731
bought a few k at $1, not selling until $1,000. this is going to be my million dollar maker.

>> No.5274664

>>5274537
Ask and you shall be given
https://www.guidetocrypto.com/investing/byteball-vs-iota-vs-raiblocks-directed-acyclic-graph-dac-coin-comparison/

>> No.5274675

>>5274494

Lightning-fast fee-less escrow.

>> No.5274717

>>5274557
I'm a developer who works in finance so it's a sticking point for me. the XRB devs are really going to need to sell it hard and spoon feed them anything they need if they want exchanges to adopt it. some exchanges might not like running someone else's software too, they would want to audit the full source code or write something themselves.

>> No.5274730

>>5268505
>Cardano
Is better faggot, and scales

>> No.5274763
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5274763

>put 0.5 BTC in Ldoge 6 months ago
>put 0.5 BTC in XRB 6 months ago

one of these investments are lambo tier

>> No.5274895
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5274895

These people FUDing XRB make me sad. I’ve tried to make you rich /biz/ and you laugh at me. When this thing goes 10x from here, just remember that all of /biz/ could have been rich. Just go buy more Chainlink.

>> No.5274919

>>5274578
Let me know if he answers following your link on mobile isn't working that well.

>> No.5274926

>>5274512

You're doing everyone a great service, anon.

The general rule is: don't invest what you can't lose.

Logically, if someone follows that rule, the risk of personal loss disappears.

What's left is trading one opportunity for another.

It's hard for me to find something as undervalued and with a solid foundation.

IOTA got listed and competing coins on an exchange is good business for any exchange (that makes money on every transaction).

Of course, exchanges may have reasons NOT to list the coin. And there's the risk that whales will dump the moment there's liquidity.

Then again, IOTA had risks despite being on an exchange already. The Bosch deal saved it's ass after the congestion fiasco. But they can't ride the Bosch deal forever.

4chan isn't an investment publication to put a disclaimer on every thread. Not that newfags would even bother to read them, really.

But I do appreciate you anon for expressing concerns and thinking. A rare thing here.

>> No.5275016

>>5274605

Kek.

It's like:

1. Create an ERC-20 token from a template
2. Create a cool webpage
3. Profit!

>> No.5275097

Should I buy this guys?

>> No.5275201

>>5274717

I was thinking the same.

Agree with you anon, 100%.

They probably just need to add dedicated, dockerized withdrawl/deposit nodes and connect them to their queues.

Still probably a lot of work and checking.

Bitgrail did seem to have issues with invalid RaiBlocks transactions - not sure how that was resolved (they did manual withdrawals temporarilly AFAIR). RaiBlocks dev did offer support and expertise to help.

>> No.5275214

>>5275097
Yeah

>> No.5275512

>>5265792
On paper? Raiblocks works RIGHT NOW - get a webwallet and try for yourself, literally instant transactions and no fees...

>> No.5275723

>>5275016
LMAO

Almost realistic. Forgot two points:
2b. create so-called "whitepaper", full of promises and marketing jabber
2c. shill literally everywhere, rambling about partnerships here and there

>> No.5276012

>>5275723

> create so-called "whitepaper"

I have to create one? I thought it comes with the website template...

> shill literally everywhere

I thought that was priced-in.

> rambling about partnerships here and there

Aren't partnership logos part of the web template too? Aw shit.. too much work...

>> No.5276230

>>5275201
Im a shit developer. Im wondering if rai blocks
needs two protocols one for peer to peer and another for one peer to many multiple peers.

>> No.5276624
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5276624

alright i bought in on this shit, good shilling in this thread.

>> No.5276693

>>5270176
$300? wtf

>> No.5276790
File: 89 KB, 450x270, coattails.png [View same] [iqdb] [saucenao] [google]
5276790

>>5264731

>> No.5276822

>>5276790
:D Yes. The memes have begun.

>> No.5277659

>>5274919
Okay, but there's A LOT of questions, so I don't know if he will see mine.