wilberforce15
Well-Known Member
Who uses a hot wallet on a Seychelles-based corporation?
Lots of dumb, shady, and insecure brokers/exchanges exist. Kucoin is one of them.
Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
Lots of dumb, shady, and insecure brokers/exchanges exist. Kucoin is one of them.
Brownslave688
You want a toe? I can get you a toe.
Kucoin was hacked just a year ago
Brownslave688
You want a toe? I can get you a toe.
For Americans kucoin is one of the only places to trade a lot of alts.
wilberforce15
Well-Known Member
Then they accept the risk of dealing with shady people.
wilberforce15
Well-Known Member
Kucoin is not a reputable, western exchange
Brownslave688
You want a toe? I can get you a toe.
That wasn’t your argument.
Brownslave688
You want a toe? I can get you a toe.
I did and it made me a millionaire
wilberforce15
Well-Known Member
Yes, it was. There is no risk to your crypto.
Unless you use a Nigerian prince as your broker. That's Kucoin.
You can lose anything when you give it to shady people. The comment is clearly in the context of using Western exchanges.
wilberforce15
Well-Known Member
You and a lot of other people. It can be worth the risk.
But I also expect no crying if it all disappears.
Brownslave688
You want a toe? I can get you a toe.
That’s just simply not true.
While the risk may be lower. No risk just isn’t true. You know that though
wilberforce15
Well-Known Member
I am at no risk sitting on my front porch on a clear day.
You interject: "What about lightning from a clear blue sky?"
It happens.
But risk can still be called zero. There is no difference betwee zero and effectively-zero.
Brownslave688
You want a toe? I can get you a toe.
Trust me. I have family that’s close to what goes on in hacker circles from the government side.
There’s risk and it’s a lot higher than if you hold your stuff on your own.
wilberforce15
Well-Known Member
Not for most folks.
For most folks, a hot wallet in a western exchange is the safest.
For most folks, they are more at risk of losing their crypto from their own confusion about how to handle or keep a cold wallet, than they are at risk of a hack on a western-exchange hot wallet.
Over70irregs
Well-Known Member
True so true. The digital $ Game is crazy right now. Fishing scams all over the place.
Over70irregs
Well-Known Member
We are in the mid Napster stage of crypto. Spotify/Pandora has to still happen. It’s moving so fast.
wilberforce15
Well-Known Member
Agreed. For all except btc.
Over70irregs
Well-Known Member
Accumulation stage. Then supply shock.
ManInBrown
Well-Known Member
Nobody is ever going to use it, huh. JP Morgan is clueless right? Right out of their mouth in their investor reports, to their customers. Let me ask you a question. Why is the SEC so terrified of Ripple and XRP? Clayton drops the lawsuit on Ripple’s head as he’s walking out the door. Hinman‘s speech gave Ethereum a free pass, while crippling XRP. You don’t find that interesting? Nothing coin right? 65,000 people are suing the SEC, and Charles Gasparino is coming out with a report next week stating all the shadiness that went down when the SEC sued Ripple and all the corruption. All this for a littleDude, swift is the industry standard.
“Interbank Financial Telecommunications (SWIFT) is the global standard for payment and ... SWIFT continues to retain its dominant position in the market”
swift is 100% using link. Swift is going to use link for swiftbonds as well. They did a pilot years and years ago.
At Swift’s Smarter Securities, Chainlink Co-Founder Sergey Nazarov Discussed How Institutions Can Prepare To Interface With Many Different Blockchains
At last week’s Smarter Securities hosted by Swift, the world’s leading provider of secure financial messaging services, Chainlink Co-founder Sergey Nazarov sat down with Swift’s Director of Capital Markets Strategy, Matthieu de Heering, for a one-on-one conversation about the post-trade...chainlinktoday.com
nobody uses ripple, nobody is going to use ripple. The sec is fighting ripple because the ceo is a scammer. He was using xrp tokens for his own pocket money and he and ripple labs manipuled the market and caused the massive pump
blockchain as a currency is not what the benefit of blockchain enables. No smart person or entity is going to transfer a deflationary asset unless they are washing money. banks are not going to send xrp. Financial instruments are not going to settle in xrp
banks are going to settle contracts in usd, euro, yen, whatever the contract is specified for. These contracts are going to be settled via LINKS oracle network. Link is also going to verify proof of reserve.
The contract….or transfer is called to action/settlement….swift, or idsa, or insurance products are going to “call” to link oracles to get the data feed, verify the data, and verify the funds are actually there. These chainlink nodes can only be payed in link.
smart contracts are going to literally change the world. Everything is going to be automated, verified, secure, and secret if needed… on the blockchain.
sending an exhange 100 bucks is not the end game. Xrp will follow other basic currency coins in price action. It will never ever “moon” again.
coin?
Last edited:
ManInBrown
Well-Known Member
Someone better call JP Morgan and tell them to pump the brakes. Faceplanted says no way. XRP will never be utilized
Brownslave688
You want a toe? I can get you a toe.
A beginner’s guide to how cryptocurrencies work
For those who are just wading into the crypto territory, here’s a basic explainer on how the computer science behind these systems work.
www.popsci.com
