There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
I hope this helps the people of Venezuela. I just made an account. Thanks! xrb_33n5h8p5adjr1u1dsf5pwqo79qcwgyc9jyduz5rkpxwk4wfrbag7ccrnpxfg
Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
421–430 of 487 posts
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#422Earlier quoted context omitted.
Why would it make any difference if Satoshi were still around? He can't make arbitrary changes to the consensus rules any more easily than anyone else can. And you might not be able to take money away from the powerful, but you can still throw them in prison.
Try throwing Putin into prison. That's the kind of threat model at stake here. Another Putin emerging. And this one may be much less predictable. If Satoshi were around, his opinion would carry weight. He's the spiritual leader and mysterious benefactor, the only person to have ever solved the byzantine generals problem with sybil resistance. If he spoke, people would listen more closely than to others. In fact, peop…
> Try throwing Putin into prison.
You can't thrown Putin in prison because he's not a resident of a country you control.
Likewise, you can't steal his money, even under the current system.
Can we present the argument without appealing to a fear of the evil Russian boogeymen?
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#423There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
Added to my list of crypto projects that look interesting. xrb_15d4d4o8x3euiko14o6h1netwk3boio3fju1u6xhe93o5ipjhqy63shcxutm
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#424There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
I'll give it a try (was reading up on this on reddit): xrb_1ch1f7gc98rf6b1uekbpawfbtxdftwwhxae3hycdbgmtb9potr9x63p437ms
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#425What's with all the extreme negativity with Bitcoin and its trading price on HN? I've been noticing that in all the BTC related threads recently. Yes, this is possibly getting too large too fast. Yes there is a chance this is a bubble because the barbers and shoeshine boys are talking about it. But there is also a chance that we genuinely are at the beginning of the transition from Fiat currencies to crypto (beginnin…
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Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#426Earlier quoted context omitted.
A simple trading desk does not create the kind risk that caused the financial crisis. The nature of the CDS/MBS contracts the bank owned in their name caused the counter-party risk. Buying and selling bitcoin on behalf of customers does not come with anywhere near the amount of risk as signing a CDS that says Goldman owes a pile money money if AIG defaults.
The problem isn't counterparty risk. The risk to GS is the reputation risk. Investors losing money = investors suing. Selling products that you don't believe in yourself = testifying in front of a bunch of angry senators waiving internals emails about "shitty securities" at you.
> Selling products that you don't believe in yourself = testifying in front of a bunch of angry senators waiving internals emails about "shitty securities" at you
This exact phrase should be painted on the wall of the lobby of every investment bank in the world.
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#427Earlier quoted context omitted.
It's not entirely clear to me whether "making markets" means on exchanges, or over the counter. The term normally means on an exchange; over the counter, you're a dealer rather than a market maker. If it's on exchanges, then it has nothing to do with high net worth clients, or any other kind of client, because they won't be trading with their clients specifically, they'll be trading with other market participants. if…
Dealers act as market makers quoting bid and ask prices, don’t they?
It's fundamentally the same thing, yes - showing bid and offer prices at which you will get into risk on your own account. But the term "market maker", in my limited experience, usually means on an exchange, whereas it's "dealer" over the counter. For example, you have swap dealers, but futures market makers.
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#428There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
Thanks, I'll give it a go as well if you don't mind. :)
xrb_1mrb18cstrjrectodi6qjnm3jnjq79tbtuzhcbxix4oait6ity4gzxdhy9s8
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#429There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
xrb_183a7z5ohpfi7ixk5r4ayac4ms33xggkm69ihggbiin8tiq5zcp7w8a56r78
How do I mine some ?
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#430There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
Thank you! I will try it.
xrb_3utzqqgmn5ejq8kb9t3wcqg3xfs6spt5pfibugjb6jyfn5x4eamj71gprx4i