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Coinbase to Suspend Trading in XRP

reuters.com

1–10 of 209 posts

Re: Coinbase to Suspend Trading in XRP

#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 decentalized storage projects like FileCoin but that project now seems to be dead in the water as well.

Re: Coinbase to Suspend Trading in XRP

#3

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…

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 sufficient scripting power:

https://lightning.network/lightning-network-paper.pdf

Re: Coinbase to Suspend Trading in XRP

#5
post #4

Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.

> Cryptocurrency exchange Coinbase Inc said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

It reads to be a good reason to suspend XRP trading

Re: Coinbase to Suspend Trading in XRP

#6
post #4

Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.

Ripple/XRP is under SEC investigation for selling an unregistered security, Coinbase has to stop trading or they'll be an accessory to the crime as well.

Re: Coinbase to Suspend Trading in XRP

#7
post #4

Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.

> Cryptocurrency exchange Coinbase Inc said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. It reads to be a good reason to suspend XRP trading

Sorry, missed that somehow. Still seems oddly suspicious that it coincides with Coinbase's IPO.

Re: Coinbase to Suspend Trading in XRP

#8

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…

I thought filecoin had a successful launch?

Re: Coinbase to Suspend Trading in XRP

#9
post #7

Earlier quoted context omitted.

> Cryptocurrency exchange Coinbase Inc said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. It reads to be a good reason to suspend XRP trading

Sorry, missed that somehow. Still seems oddly suspicious that it coincides with Coinbase's IPO.

That they stopped trading a literal scam? The only suspicious part is they started trading it in the first place.

Re: Coinbase to Suspend Trading in XRP

#10

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…

> “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?

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