Re: Coinbase - only reputable exchange which holds coins of value Quote:
Originally Posted by newjerseymax I was surprised that Coinbase didn't add ripple. I kinda bet on that hard and for now lost. | That sux, I want us all to make money... But ripple isn't decentralized and that doesn't fit into coinbase's requirements. On top of that ripple holds something like 60 billion tokens in escrow so if they wanted to manipulate the market they have that power. Ripple was pushed by mainstream media because its in line with the banking system we have now. The one they will do anything to keep in place.
Although ripple isn't decentralized I wouldn't be surprised if coinbase did add it over pressure from the powers that be, but then it would be obvious that coinbase was compromised. (even though we can see it probably already is by them not adding segwit and spamming the BTC network, and the way they helped out Bitcoin Trash... I mean cash)
I'm not against making money so ripple would have been a great buy at 28 cents, but supporting their project goes against my morals and what I believe in. There are plenty of other coins to make money off of so my feelings aren't the least bit hurt I didn't make any money off it.
It was my opinion that ripple was over priced when it 3Xed from 28 cents.
You do you... But I'd sell what ripple I held the moment I broke even and I wouldn't be the least bit sad or disappointed if it mooned after and I missed out.
I look at it as if everyone was buying ****... but I knew it was **** and couldn't figure out for the life of me why people were buying it because its ****... The only logical reason I can think of is someone has to be manipulating it and it could crash at any second when everyone realized what it really was.
On a side note: ETH is a really safe bet, even if Ethereum doesn't do anything with smart contracts it has all the ERC-20 tokens built into their network and have to use ETH as gas. On that alone it will succeed over the next few years. Look up what tokens are ERC-20... Just to give you something to think about if you didnt already know this.
I hope I didnt offend anyone with this post, that wasn't my intention, its only my opinion and is just something to think about... or not....
Last edited by nate; 01-16-2018 at 10:38 PM.
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