• Caldwell
    28
    bespoke analytical framework — Kovacocy

    overlay of historical bubble comparison — Kovacocy

    opaque pricing mechanism — Kovacocy

    Ponzi capability — Kovacocy

    game theory — Kovacocy

    Enough said!
  • Benkei
    1k

    I thought this was funny.

    ECB on their own TIPS system

    Particularly:

    TIPS is 10 seconds, 0.2 cents. DLT transactions are at best 30 euros and take at least one hour — Mersch

    Uhmmm... Ripple is 4 seconds, 0.16415 eurocents (including fees).
  • Benkei
    1k
    I finally got a wallet and I'm setting up with BitStamp (3 week wait) for 2 specific cryptocurrencies for the blockchain process they're trying to implement. I'll probably buy a few different ones for testing purposes as well. I'll get some XRP and ETH but no BTC.
  • Cavacava
    2.1k
    Western Union is testing Ripple as a payment method. Ripple shares rose almost 4% post market yesterday.

  • Benkei
    1k
    They've got a big lawsuit with R3. It's not clear to me what the effect is if R3 is allowed to exercise its options on buying XRP against the option price. I'm withholding predictions on what XRP will do in the short term but do believe RippleNet is here to stay.
  • Agustino
    10.1k
    I finally got a wallet and I'm setting up with BitStamp (3 week wait) for 2 specific cryptocurrencies for the blockchain process they're trying to implement. I'll probably buy a few different ones for testing purposes as well. I'll get some XRP and ETH but no BTC.Benkei
    I waited with BitStamp 2 months >:O - in fact, even after contacting support 2 times, they still haven't approved me, so I just closed the damn account.
  • Benkei
    1k
    We'll see. I'm not interested in going through other exchanges at this point. BitStamp is a one stop shop for me with low transaction costs for the cryptos I want.
  • Agustino
    10.1k
    We'll see. I'm not interested in going through other exchanges at this point. BitStamp is a one stop shop for me with low transaction costs for the cryptos I want.Benkei
    Yeah, I thought the same. Also, gives a lot of options for trading. Bitstamp was also one of the few reputable ones that accepted people from non-Western countries. But it's obvious that they will discriminate and approve Western accounts before looking at others, since mine wasn't approved for close to 2 months, even after sending them all documents and contacting support twice.
  • Agustino
    10.1k
    I've tried Coinbase, Bitstamp, Krakken, CEX, Gemini. Only Bitstamp and Krakken worked for my country, and Krakken was laggy, so I quit it. Bitstamp - worst approval process ever. I regret wasting time sending my documents to them.
  • Benkei
    1k
    I had a reply within 48 hours that my copy of my driver's license wasn't good enough. Just uploaded it again. Seems ok. Must be a discriminatory thing.
  • Agustino
    10.1k
    I had a reply within 48 hours that my copy of my driver's license wasn't good enough. Just uploaded it again. Seems ok. Must be a discriminatory thing.Benkei
    Yeah, most likely. I also uploaded driver's license, but I made sure I scanned it at 600dpi. That they run a discriminatory practice isn't a problem to me, just that they ought to be upfront about it - we only accept customers from these countries.
  • Michael
    5.6k
    It's probably just that it's harder for them to verify the identities of people from some countries. What other reason could there be? They're in it to make money after all, and discrimination hurts profits.
  • Agustino
    10.1k
    They're in it to make money after all, and discrimination hurts profits.Michael
    Here's the thing. They don't have enough employees to check everyone, they don't want to hire more, and thus they have limited resources. They focus resources on most valuable customers (statistically). Probably, statistics indicate that customers from certain countries spend more than others - they will get those approved first.
  • Benkei
    1k
    Now I got a reaction in 2 hours. Quality was too low at 300dpi which they asked for. Just updated again. Grrr.

    My dad decided to join me with the experiment. We'll have 200 EUR to burn, which is enough to test the system, trade costs, liquidity, settlement times etc. etc.
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