Coinbase Tweet - could be adding XRP??

[Xrpdude]

Coinbase Tweet

Any idea what this means, could it be XRPrelated?

Edited December 10, 2017 by Xrpdude

[zenkert]

I read it and read it and read AND read it . . . and I have not found any "X" in it yet . . .
A lot of "R" though and some "P".

Edited December 10, 2017 by zenkert

[Toroth]

I get where the OP is coming from but this has nothing to do with XRP being added. If I'm not mistaken, the LTC addition was announced prior to it actually being added to Coinbase

[EnchanterIO]

As a developer I can tell you, the only thing it means, is what they wrote. IS SO MUCH EASIER and more secure to perform an update (especially a DB) one when you don't have millions of request flying in every second. Guys seriously stop miss interpreting things that are not even a bit related  

[Xrpdude]

2 minutes ago, Toroth said:

I get where the OP is coming from but this has nothing to do with XRP being added. If I'm not mistaken, the LTC addition was announced prior to it actually being added to Coinbase

Not correct, just checked their twitter feed, in the blog it says you can now click on buy to purchase Litecoin...:

 

[Guest]

9 minutes ago, zenkert said:

I read it and read it and read AND read it . . . and I have not found any "X" in it yet . . .
A lot of "R" though and some "P".

Stop it, you're killing me!

[Toroth]

12 minutes ago, Xrpdude said:

Not correct, just checked their twitter feed, in the blog it says you can now click on buy to purchase Litecoin...:

 

I get that but the announcement I'm referring to was from a source other than the Coinbase twitter feed just a day or two prior to it officially being added and, subsequently, the Coinbase announcement. 

 

EDIT: Again I could be wrong, but I distinctly remember reading about it prior to it going through and thinking "eh it won't do much to the price". I remember my screw-ups very well.

Edited December 10, 2017 by Toroth

[aye-epp]

1 hour ago, EnchanterIO said:

Guys seriously stop miss interpreting things that are not even a bit related  

 

This. 

[Guest]

LETS HOPE

[GreyAndroidGravy]

I read that only as them preparing for the mass sell off/and or buy ins that will happen because of the futures markets opening.  I see nothing about XRP or Ripple.  They'll see the  light soon enough, just not tomorrow night.

[enrique11]

4 hours ago, Xrpdude said:

Coinbase Tweet

Any idea what this means, could it be XRPrelated?

lol...I understand you want to see XRP listed on Coinbase. That would be ideal for Ripple because GDAX likely has professional market-makers on its trading platform - just what XRP needs.

Anyway, here are the criteria used by GDAX as a guideline for listing coins on its platform: 

https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

GDAX doesn't adhere to these criteria strictly, they have said.

We have the following categories for cosideration:

-open financial system (OFS)

-security and code (S&C)

-team (T)

-governance (G)

-scalability (S)

GDAX tends to list the most popular coins, but I don't know if they prioritize by volume or by marketcap.

So, we have the following...

By volume in descending order:

Bitcoin Cash

IOTA

Ethereum Classic

Ripple

Bitcoin Gold

By marketcap in descending order:

Bitcoin Cash

IOTA

Ripple

Dash

Bitcoin Gold

Taking the union of these two groups under consideration for listing on GDAX, we have the following:

 

                                      OFS          S&C            T          G          S

Bitcoin Cash              ?                 ?                ?           ?           ?      

IOTA                              ?                 ?                ?           ?           ?      

Ripple                           ?                 ?                ?           ?           ?      

Dash                             ?                 ?                ?           ?           ?      

 Bitcoin Gold              ?                 ?                ?           ?           ?      

Ethereum Classic    ?                 ?                ?           ?           ?      

 

Now, if someone could just replace the 'question marks' above with Y (Yes) and  N (No).

There is no guarantee that Coinbase will choose one or more from among the list above to be among the next coin(s) listed on GDAX/Coinbase, but I think they have better chances to be listed than those not on the list. Only time will tell. I could fill out the list, but I'm too tired right now...and some thought and research has to be given to each parameter and coin to answer correctly.

 

 

Edited December 11, 2017 by enrique11

[Guest]

Yes I was reading on reddit that Coinbase plans to implement XRP to deal with the availability issues. Due to unprecedented demand Coinbase has been unable to handle the volume of traffic from new users, it has been decided that the best solution to this is to add Cryptos most despised currency in the hope that this will help drive down traffic and disincentives new users from signing up.

[enrique11]

On 12/10/2017 at 9:53 PM, enrique11 said:

lol...I understand you want to see XRP listed on Coinbase. That would be ideal for Ripple because GDAX likely has professional market-makers on its trading platform - just what XRP needs.

Anyway, here are the criteria used by GDAX as a guideline for listing coins on its platform: 

https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

GDAX doesn't adhere to these criteria strictly, they have said.

We have the following categories for cosideration:

-open financial system (OFS)

-security and code (S&C)

-team (T)

-governance (G)

-scalability (S)

GDAX tends to list the most popular coins, but I don't know if they prioritize by volume or by marketcap.

So, we have the following...

By volume in descending order:

Bitcoin Cash

IOTA

Ethereum Classic

Ripple

Bitcoin Gold

By marketcap in descending order:

Bitcoin Cash

IOTA

Ripple

Dash

Bitcoin Gold

Taking the union of these two groups under consideration for listing on GDAX, we have the following:

 

                                      OFS          S&C            T          G          S

Bitcoin Cash              ?                 ?                ?           ?           ?      

IOTA                              ?                 ?                ?           ?           ?      

Ripple                           ?                 ?                ?           ?           ?      

Dash                             ?                 ?                ?           ?           ?      

 Bitcoin Gold              ?                 ?                ?           ?           ?      

Ethereum Classic    ?                 ?                ?           ?           ?      

 

Now, if someone could just replace the 'question marks' above with Y (Yes) and  N (No).

There is no guarantee that Coinbase will choose one or more from among the list above to be among the next coin(s) listed on GDAX/Coinbase, but I think they have better chances to be listed than those not on the list. Only time will tell. I could fill out the list, but I'm too tired right now...and some thought and research has to be given to each parameter and coin to answer correctly.

 

 

Yup...Coinbase added bitcoin cash which appears as number one rank in each of the top 5 in list in previous post of mine both by marketcap and by volume  Sure, Ripple could pay Coinbase an extra million or two in listing fees, certainly more than their competitors because of Ripple's $15B war chest, but in the long run, ripple's volume, liquidity, and lack of support from general crypto community likely doesn't look as attractive financially from an exchange perspective as other top cryptos when I made these lists.

Edited December 20, 2017 by enrique11