Bank of China, Bank of Russia both are working on such projects.

But having a government controlled crypto kind of beats the purpose of the whole idea.

I don't think it will work. I think blockchain ledger technology might work however for many issues such as property registration, businesses and so on. But in terms of currency, we already have enough cryptos to cover that, which are not controlled by any government in particular and people love that.

Sub

If there's anyone in here currently actively trading cryptos and wants to speak with a motivated high stakes cash guy, PM me. I'm keen as **** to learn, and would def swap poker lessons or just be happy to grow with others in the crypto space.

Will post the same in the bitcoin thread.

thinking of investing in Lisk and Neo, your opinions on Neo?

newb question:

If I have ETH on GDAX can I send that to Blockchain? it appears I can by going to "request"---> currency "ether" and then send it to supplied address from GDAX correct?

I haven't done enough research into NEO to give a good opinion. Looks like it could be a good one just at a glance.

If you aren't in on Riddle (XRP) you should be. Big things coming. Id say get in on the next dip.. But there may not be one at this level again. (.20)

Volume is HUGE right now. Just opened up to the China markets

This is not a get rich super quick unless you have a large chunk to throw in.. It very well could be a get rich if you HODL.

What big things?

China markets which opened today. Their Twitter today indicates to an announcement in 3? Days. Something that ties into the fintechweek conference this week in New York. There's been a partnership rumored for a while. One announced there could cause a big jump.

Expected lockup of 55 billion XRP by the devs (escrow to back ripple) sometime in Q4

Price is currently only half of the all time high. Like I said above in my edit, this is not a get rich over night. It does have some serious potential behind it though

I just don't believe in ripple honestly there is just like way too much supply there

How are u suppose to store recovery seeds if you use Trezor/Ledger to protect from theft, memory loss, fire. Would you just store backups in different safes at different banks? Seems like there is some risk doing it like this. I am not sure how much protection does additional passphrase add as it could be brute-forced. Problem with SSS method is that you need a lot of safe locations. What would you reccomend I dont really care about value going up or down too much but I sweat the security of storage a lot.

Supply is huge yes. That is why XRP is not something that is going to make anyone rich overnight. The lockup by the devs will lock over half of the XRP in circulation. That is big and will have a positive impact on the markets

Who knows tho. No one knows how any of these Alts will turn out. It's a fresh market that is heavily affected by how bitcoin is doing. Only play with what you can afford to lose when it comes to this stuff. Keep your big chunks in ETH and BTC

I cut the recovery phrase in half and store each half at a separate safety deposit box.

The lock up has been known about for a long time now. I'm not a fan of it. All it does is delay the inevitable. XRP is traded so lightly that the devs knew they couldn't sell more then a small amount of their coins at any given time, thus they "locked them up"

IOTA partnered with Microsoft, Tesla among others, at 84 cents its probably the best lottery ticket you can ever buy.

Processes machine to machine transactions, your car needs fuel tells the pump to fill up, your car has a problem you get a text, your fridge needs milk-it gets delivered, your drone has arrived with your medication you get a text, etc etc It does a lot more then that.


Even for someone who may have a small bankroll, buy $50 and just hold it for two years in a wallet.

What exactly do you mean lightly? The volume the past weekend is the highest its ever been for XRP.

I mean it's literally the #1 traded currency in the last 24 hours on multiple markets. If it isn't #1 on a market it's in the top 10.

It also just smashed through a massive 21.5 cent paywall.

The lockup has been known, what hasn't been known was when its happening. 8 weeks is what they've said on slack.

I picked up 120 shares at 81 cents this past weekend. Locked it away and I'll check back on it in a year or so. It's got a lot of potential

Good move imo

I forgot to mention its made by Germans, obv there is no need to tell people in the poker community that Germans got skills.

Hawkfan,
About the ripple, there is a youtube channel that can really accelerate the learning curve for trading, can you check it out and let us know what you think.

https://www.youtube.com/channel/UC-f...OPBwAfQ/videos

He made a vid about ripple recently, would love your opinion on that

Ripple just seemed like it had bad intentions to me, idk tbh

So I will admit upfront that I have no clue how to read market charts and graphs. I didn't think I could get any more positive about the future of ripple.. I am now. That guy has also gained another sub from me. There is a ton of information there to process. I suppose it would make sense for me to point out that I bought in well after its first huge pump and dump. I'm in at just under 15 a share.



A lot of people in the alt market want nothing to do with ripple because ripple is working with the old school B&M banks. They say crypto was started to get away from those banks. While true, I don't think the banks are ever going anywhere. They will adapt to keep themselves relevant and ripple is that first step to adapting.

I haven't yet mentioned that ripple is being used among 16 of the 22 companies left in the running for the US Federal reserve faster payments system... They get that contract and who knows where this coin might go to. Faster banking, faster payments across borders is a necessity that isn't going anywhere. It's one that ripple helps solve.

did you buy it on bitfinex? aren't they closing to us customers soon?

Yup. 90 days from last week the are shutting down us accounts. You can still open an account. You can still transfer btc or eth in and buy iota. Just don't leave it on the exchange. Buy it and get it in a cold wallet.
Iota will be on a us facing exchange before to long

yea that is kind of my concern- wanting to sell it but not having a way to.

Iota isn't something u should buy and sell off anytime soon IMO. New exchange binance (whose BNB alt also looks tasty) is in the works of adding it already.

I have free chat if anyone wants to join. I make 3-5 trades per week, knowledgeable on probably 400+ coins. Hold about 20. Chat link below if you wanna chat/learn.

Id like to list some good coins, but honestly its all about entry point, selling partials on the way up, reinvesting. https://discord.gg/7Fp7NnK

Some of these coins will pay you 5-10% as well just for holding it, which is nice.

Fav coins long term: NEO, MTL, OMG, PAY, LBC, TKN, MUE, EQT, INSN, LSK, ZEC, XMR, PIVX and so on and so forth.

HawkFan, thank you so much! I was under the impression that Americans were totally shut out after Aug 16th.