Jump to content


  • Content Count

  • Joined

  • Last visited

About EasterBunny

  • Rank

Recent Profile Visitors

1,405 profile views
  1. Where are you seeing that volume? I see 43k USDT on Polo and 144K on Bitrue, Which is only a fraction of the volume for a top 20 coin on either exchange. There must be a lot of pessimism about the future price of FLR then. I suspect that the price on Bitrue and on Polo will converge in a matter of weeks after launch. I would be very surprised if that price difference continues to hold. I do hope it ends up in the $.5-1 range.
  2. Agreed. They could be differentiating between tokens that have vested, and ones that haven't for this to work. (I have no idea what Polo is going to do, I don't use them) If you take a weighted average of the vested FLR token 15% and the IOU 85% it should equal the price as listed on Polo. Assume the vested token is worth the same as FLR trading on Bitrue. Solve for the IOU price on Polo. IOU*0.85+1.4(FLR price on Bitrue)*0.15 = 0.35 (price on Polo). This gives an IOU token value of 0.18 on Polo. This sounds like a convenient way to explain the difference, but I think in reality
  3. After the FLR launch, neither Bitrue or Polo will receive more than 15%. Neither exchange is allowing withdrawals because the tokens simply don't exist. FLR is 100% and IOU right now. If Polo is going to give out 100% of the tokens at launch, then it'll be 15% real and 85% IOU. I would expect that they will have to have strict withdrawal limits. The prices will equalize when people are able to withdraw and take advantage of arbitrage opportunities. I would guess the initial price will be closer to the .35 than 1.4, but we shall see.
  4. It looks like Computing for Good and SETI@home are defunct. Are there any other projects that can use distributed computing in a meaningful way?
  5. I did some research and I'm pretty sure he's talking about a different crypto... At least according to this reliable source I found: https://www.deccanherald.com/international/world-trending/did-elon-musk-hint-spacex-may-fly-to-the-moon-to-find-water-or-is-it-again-about-cryptocurrency-994045.html
  6. @RobertHarpool I haven't heard that Nexo de-listed, or was planning on delisting XRP. Was there a link in your image that you can share? Was it a link to a lawsuit against nexo?
  7. There are definitely 2 sides to market making. If the market is flat, with a wide spread, high volume, and low fees, a market maker can be very profitable. Earning 0.5-1% per transaction is nice if you can make several trades per day. Trading on the XRPL dex back in the day with USD, JPY, CNY, EUR in 2018 was very entertaining. The IOU's didn't make it risk free, and I occasionally found myself on the wrong side of a trade. There always risk if the price moves strongly in either direction. If you set bids at +/- 0.5% of mid market, and XRP goes up 10% you would have sold your XRP at +0.5%
  8. Only person I know of who became a billionaire because of his incompetence. Also laughing a bit as his stellar network has been down for 5 hours and counting...
  9. Thanks your for that rational insight! From their perspective, selling XRP vs selling ripple shares still ends with money in the bank. They may have chosen to sell XRP because they don’t want to give up shareholder power, or they could have sold ripple shares to traditional VC to raise funds for expansion. No idea what their rationale was for choosing what to sell. They knew that XRP we’re not shares of the company when they sold (therefore not a security), but they sold them as if they were. They built the business and should take what they have earned. Can’t blame them for doing w
  10. deaths/infected is about 2%. If you assume that most are in self quarantine and not reported then it’s less than 1%. We don’t know the true numbers yet. We’re in the middle of an information war as far as I can tell. If telling the truth would cause widespread panic, then maybe it’s better to downplay the severity and keep economies rolling. The reporting rate of new infections has gone down in the past several days, so maybe it can be contained after all.
  11. Compiling some links to papers on 2019-nCoV. As usual, DYOR. https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30211-7/fulltext https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30260-9/fulltext https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/2019-nCoV-outbreak-report-17-01-2020.pdf https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/2019-nCoV-outbreak-report-22-01-2020.pdf https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/Imperial-2019-n
  12. @JASCoder have a look at these accounts. https://bithomp.com/explorer/rNgHXPviCpf5G11EUFCMs4YR33s3puBv8Y https://bithomp.com/explorer/rModuA9GBakB1hUKZxXYF3sQP7a9qbpooR I was looking at bitso trade data and can see that there has been a significant net purchase of XRP since MoneyGram started operations.(I don’t have the numbers in front of me, but 100’s of million XRP/month) It looks like the 2 wallets above, take the accumulated XRP from the ODL exchanges and then send it back to Bitstamp to complete the loop. I’m guessing the market maker is using the traditional banking rails
  13. I’m not an expert but in their 2015 settlement with FinCEN the word ‘currency’ was found 28 times. 0 hits for ‘commodity’ or ‘security’.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.