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Ripple Slides After Coinbase Says Not Adding New Crypto Coins

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Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#11
post #8

After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.

Some alternatives: Binance, Bittrex, Gemini

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#13
The crazy part is how much XRP is concentrated in the company and its founders:

> XRP, being issued by a company, is less decentralized than many other cryptocurrencies. For instance, Ripple itself holds 61.3 billion XRP, including 55 billion that it keeps in escrow. Only 38.7 billion XRP tokens have been distributed.

> Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executive chairman of Ripple, has 5.19 billion XRP in his personal holdings and a 17% stake in the company, according to sources at Ripple. That gives him a net worth of $37.3 billion, using Monday’s exchange rate.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#14
post #13

The crazy part is how much XRP is concentrated in the company and its founders: > XRP, being issued by a company, is less decentralized than many other cryptocurrencies. For instance, Ripple itself holds 61.3 billion XRP, including 55 billion that it keeps in escrow. Only 38.7 billion XRP tokens have been distributed. > Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executi…

https://www.forbes.com/sites/laurashin/2018/01/02/meet-the-c...

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#15
Coinbase is covering their ass because of the Bitcoin Cash fiasco. They're basically saying, "We're not adding anything until we add something. And when we do, it will be officially announced."

i.e. they're not just going to suddenly add it and then tell everyone like with BCH.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#17
post #8

After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.

What did you buy? I've now bought and sold many k's worth of Eth. It usually takes about a week for a purchase to settle and less when selling.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#18

Why exactly did Ripple start going up in the first place?

BTC and ETH both had major scaling issues and transaction fees skyrocketed. Since the semi-centralized nature of Ripple means that transactions are relatively cheap speculators started buying. There are other similar coins that also saw a boost.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#19
Coinbase shouldn't dictate the market. It is the other way around. And sooner or later I hope they will be forced to add it.

Having an argument "Our mission is to create an open financial system for the world" and accepting >only< decentralised cryptos sounds like an oxymoron to me.

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