Color me surprised that it was XRP before USDT.
When Tether stops creaking and finally falls, it is going to make a HUGE mess.
Coinbase to Suspend Trading in XRP
41–50 of 209 posts
Re: Coinbase to Suspend Trading in XRP
#42Earlier quoted context omitted.
Ahhh yes [terrible thing] is [actually good] for [coin I like]. A well worn template in cryptonomics.
That's not what was implied at all.
“IMHO good move for the ecosystem overall” is what I was referring to. I assumed you meant the crypto ecosystem is that not the case?
Re: Coinbase to Suspend Trading in XRP
#43Earlier quoted context omitted.
> “BTC has been a joke ever since the GitHub repo was hijacked by Blockstream and Adam Back” Could you spell out the implications of this?
Wall Street doesn't want Bitcoin to serve its intended purpose of removing their control over the money supply. They did this by co-opting the software project with venture capital money and making technical decisions that make Bitcoin ecommerce economically infeasible due to high fees. Initially they intended to replace Bitcoin with an alt-coin whose issuance was controlled by the Blockstream corporate entity. That…
Preach!
Re: Coinbase to Suspend Trading in XRP
#44Earlier quoted context omitted.
> “BTC has been a joke ever since the GitHub repo was hijacked by Blockstream and Adam Back” Could you spell out the implications of this?
Blockstream bought out most of the the btc devs who had commit ability. Their end goal is to cripple btc to where it is today. The goal of this is to build an unnecessary product they can charge for on a second level. Think skimming money like charge cards do, but offering no real advantage or service beyond that. So far they have found building a new network neigh impossible. Hence the memes: Lightning only 18 month…
This is just an outright lie and malicious defamation from top to f*king bottom. Hateful nonsense by scam promoters like you turns HN into a toxic enviroment.
Re: Coinbase to Suspend Trading in XRP
#45Terrible news for XRP and Ripple but nobody can be surprised by this. Next up we may see the delisting of some stable coins given the SEC's advice about establishing a nexus in the US. I'm not sure how this will work for a decentralized coin like maker / dai, so perhaps this is the end for them. However, this seems consistent with other regulation since they operate like an autonomous fx swap fund.
There can be no doubt that a mathematic - rather than collateralized - solution to stablecoins is the nonviolent solution.
How about both collateralized and mathematical?
If the platform supports programmatic proportional issuance and withdrawal (vs. mint and burn), vs. market-priced collateral, then negative-feedback loop controlled inflation/deflation can be implemented...
Re: Coinbase to Suspend Trading in XRP
#46Earlier quoted context omitted.
> “BTC has been a joke ever since the GitHub repo was hijacked by Blockstream and Adam Back” Could you spell out the implications of this?
misinformed take Blockstream has almost no say at this point some of the top contributors are either independent or work with Chaincode labs over the last 10 years, Bitcoin is the most resilient to protocol changes and centralization Ethereum, Bitcoin cash and Monero are all either centralized or bad implementations
It’s also the most resistant to any and all improvements that might mitigate the environmental calamity it actively contributes to.
Re: Coinbase to Suspend Trading in XRP
#47As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
Re: Coinbase to Suspend Trading in XRP
#48They never should have allowed it in the first place. By testing the waters of trading custodial currencies they were really pushing the limits. BTC has been a joke ever since the GitHub repo was hijacked by Blockstream and Adam Back. The only interesting cryptocurrencies are Ethereum, Bitcoin Cash and Monero. The rest are either obvious scams or dead ends at this point. A lot of people were holding out hope for dece…
The above shouldn't be downvoted. It's an interesting statement What do you think of the Lightning Network? Lightning Network channels specify a blockchain hash, so Bitcoin is supported but other cryptocurrencies could be used (if the HTLC scripts, etc., were ported) The Lightning Network web of payment channels looks good to me. You can see how it can form an efficient "overlay" on any cryptocurrency that provides s…
Lightning is not reliable the way Bitcoin is, and correspondingly has not seen any real-world adoption. It is effectively dead.
Re: Coinbase to Suspend Trading in XRP
#49This is the paradox of wanting crypto to be both widespread and free of government influence. It cannot gain "market share" without interacting in some form or fashion with the regulatory structures already in place, putting it under de facto regulation of any jurisdiction of the people who want to use it.
The best case would be a parallel economy developing, where you can hide yourself from government. No burglar can cost you as much as government. I sadly have yet to find a client for coding who wants to pay in crypto and not report it to the state...
Re: Coinbase to Suspend Trading in XRP
#50As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
But they aren't banning bitcoin though :\ Wouldn't that be the way to suppress it?