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Coinbase to Suspend Trading in XRP

reuters.com

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Re: Coinbase to Suspend Trading in XRP

#91

Post by flarex »

nullc wrote: post #44
chemmail wrote: post #39

Earlier quoted context omitted.

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.

For those that don’t know nullc is Greg Maxwell, a former Blockstream employee. He is infamous in crypto circles.

Re: Coinbase to Suspend Trading in XRP

#92

Post by haolez »

spurgu wrote: post #36
gnrl wrote: post #14

Earlier quoted context omitted.

I don't see any additional value of bcash over bitcoin. Eth and Monero I agree though, each of them bring fundamental values additionally to btc.

The argument as far as I'm aware is that it's like Bitcoin, except with transaction fees low enough to make it actually usable as a currency as opposed to being a pure store of value.

It's not only that. There is also the "replace by fee" stuff that allows BCH to make instant payments with 0 confirmations for small values. This was hinted by Satoshi as well, but was made impossible by the current BTC.

Re: Coinbase to Suspend Trading in XRP

#93

Post by gruez »

chemmail wrote: post #39
briefcomment wrote: post #10

Earlier 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…

>The goal of this is to build an unnecessary product they can charge for on a second level. [...] Hence the memes: Lightning only 18 months away, after 3 years of "development."

Can you elaborate on this? Isn't lightning free and open source? I'm not sure how that's going to be monetized.

Re: Coinbase to Suspend Trading in XRP

#95

Post by gruez »

etrabroline wrote: post #48
37ef_ced3 wrote: post #3

Earlier quoted context omitted.

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.

>and correspondingly has not seen any real-world adoption. It is effectively dead.

but

https://blog.kraken.com/post/7225/a-need-for-speed-kraken-to...

and

https://coingate.com/lightning-network

Re: Coinbase to Suspend Trading in XRP

#96

Post by etrabroline »

programmerslave wrote: post #47

As 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

>The US government is actively trying to suppress Bitcoin/crypto growth

It's complicated. US regulators would absolutely ban all crypto if it started threatening the dollar and they had no other choice. However right now that isn't happening, and they are actually only going after pretty clear cases of fraud, which it seems like XRP was doing.

Re: Coinbase to Suspend Trading in XRP

#97

Post by grubles »

chemmail wrote: post #39
briefcomment wrote: post #10

Earlier 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 incredible tinfoil-y nonsense that I find hard to believe is even posted on a website of HN's caliber.

Re: Coinbase to Suspend Trading in XRP

#98

Post by grubles »

kylebenzle wrote: post #2

They 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…

Just to note: the "Bitcoin was hijacked by " is a running joke at this point and not to be taken seriously. Ask anyone to provide verifiable proof of this and they will respond with hyperbole or conspiracy theory.

Re: Coinbase to Suspend Trading in XRP

#99

Post by kypro »

jeofken wrote: post #85
juancampa wrote: post #55

Earlier quoted context omitted.

Would you consider that be unethical?

If ethics exists it must be universal - otherwise ethics is just = power. If ethics is universal, rules apply equally to anyone. Let’s say theft is not moral, unlike receiving a gift. Both are cases of receiving without payment - the difference being that “giver” giving voluntarily or not. The same goes for how sex is moral, but rape is the furthest from moral, or how work is moral but slavery isn’t. Tax is money col…

Something I struggle with personally is how much money I give the government despite having significant ethical concerns over how my money is being spent.

I know my taxes have contributed to the death and suffering of countless people. I try to remind myself that it also helps some people, but I still struggle to justify my lack of resistance knowing that at least some amount will be used in ways I consider evil.

I think there is some pragmatism needed here though. As individuals we don't really have any incentive to pay taxes if they were optional. I think what's needed is more localised spending and the ability for local communities to withhold tax collectively when concerns are raised about how federal governments might spend it. This would give individuals far more input into how their tax money is spent and the system overall would be far more consensual and prompt people to ask if they're okay with x amount being spent developing nuclear weapons or killing civilians in distant lands. I do find it quite odd that the default assumption is that you're a bad person if you don't pay taxes. I suspect someone who avoids tax then contributes an equivalent amount to charity is almost certainly more ethnical than a tax payer like myself.

Re: Coinbase to Suspend Trading in XRP

#100

Post by gruez »

haolez wrote: post #92
spurgu wrote: post #36

Earlier quoted context omitted.

The argument as far as I'm aware is that it's like Bitcoin, except with transaction fees low enough to make it actually usable as a currency as opposed to being a pure store of value.

It's not only that. There is also the "replace by fee" stuff that allows BCH to make instant payments with 0 confirmations for small values. This was hinted by Satoshi as well, but was made impossible by the current BTC.

>It's not only that. There is also the "replace by fee" stuff that allows BCH to make instant payments with 0 confirmations for small values.

Can you elaborate on this? I did a quick search and the gist of it seems to be that BCH doesn't support replace by fee and bitcoin does, so therefore it's possible to "safely" accept 0 confirmation transactions on BCH because you can reasonably believe that it won't be double-spent before it gets its first confirmation. The only problem I can think of is that there's nothing preventing the attacker (the person making the purchase) from bribing a miner to mine his double spend transaction. Indeed, even without RPF there are "transaction accelerators"[1] that allow you make out of band payments to miners to increase your transaction's priority. It's not too hard to imagine a service where you can pay $$$ for a miner to mine your double-spend transaction.

[1] https://en.bitcoin.it/wiki/Transaction_accelerator

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