jcdenton

They take the biggest volume real USD exchanges and balance with a small BTC and Tether component. It's not right for every use case, but for a "legit" index I like the mix a lot.

Here's a good index I use, not official though. https://tradeblock.com/markets/indices/xrx

I'm not aware of any, but it makes logical sense that they trade on the public order books even if the exchange is injecting liquidity themselves, because (open market liquidity + exchange's extra liquidity) is always going to offer a narrower spread than (only exchange's liquidity).

All good, but no one was making that assumption... This rant seems off topic as we were discussing risks for Libra.

This is a big thing to ignore. Where will they have to go to chase profits after 30+ year bond bull? Maybe in 25 years we will LOAO at the company that decided buying government debt was a swell idea "in 2020, of all years". Or could go the other way like you predict and succeed beyond reason. But don't overvalue the correlation with their current size and power. Black swans like that are a net danger to incumbents, not something they can dictate.

https://www.ft.com/content/7884a51a-c3bf-3740-9739-9e933e2e8471 Pastebin: https://pastebin.com/N8kq5kHk @KarmaCoverage @Wandering_Dog

Jesus Christ, man. That is just wrong on every level.

Deposit related, possibly? I recently had one of those with Bitstamp. Price ran away from me for a week, 100% their fault. First negative experience in years though.

Sorry to hear, and my condolences to friends and family.

Solid work, thanks a lot for sharing!

Energy bills are denominated in fiat. This forces the exit he describes. BTC is not a unit of account like USD or EUR.

Asheesh said they offered the option to use BTC and XRP at first and all customers went for XRP, so they removed the option. It would be fairly simple to add it again, of course.

Raccoons coming to town. https://www.epsilontheory.com/too-clever-by-half/

Alright, well that does sound like a terrible idea

Can't listen to the podcast right now, so you're talking about borrowing on top of it, not how the stablecoin is set up? A stablecoin does not need smart contracts to remain stable. I'm not sure how much borrowing is actually happening. Trust is in such short supply that people won't even keep their coins on exchanges...