ZX81_1k 250 Posted February 21, 2019 Share Posted February 21, 2019 https://medium.com/@ihaveCred/credearn-introduces-higher-rates-and-special-benefits-to-lba-holders-69d5bf8fcc64 CredEarn and Uphold : Lockup your XRP and earn 9% interest if you hold some LBA tokens. Hodor 1 Link to post Share on other sites
cryptoxrp 1,129 Posted February 21, 2019 Share Posted February 21, 2019 But you first have to buy LBA to get good rates....... thats a strange selling practice.... The thought that crosses my mind is that with the cash I am paying for LBA they can pay my interest... Link to post Share on other sites
faz 104 Posted February 22, 2019 Share Posted February 22, 2019 sounds good , but think i will wait untill they are insured . baggy23 1 Link to post Share on other sites
NightJanitor 2,119 Posted February 22, 2019 Share Posted February 22, 2019 (edited) [Placeholder: I have some stories about Uphold and its security practices. I don't know how they end yet. Maybe, fine - maybe not. Right now, I haven't heard back, on my most recent find. And they don't list a "security officer" to alert - frontline staff are contractors who don't know anything and just copy/paste answers. I used to like Uphold; we'll see. I certainly "trust" them a hell of a lot less, after they let ALL customers names/emails get stolen, a while back, after which there was a huge phishing attack. One would have thought, after that, that they would have listened to one of their own customers telling them about a security vulnerability... Now on Day Two.] Edited February 22, 2019 by NightJanitor retryW, Paradigm and lucky 2 1 Link to post Share on other sites
stickmonster 946 Posted February 22, 2019 Share Posted February 22, 2019 I have no interest. earth and EnchanterIO 1 1 Link to post Share on other sites
Guest Posted February 22, 2019 Share Posted February 22, 2019 (edited) 7 hours ago, NightJanitor said: I certainly "trust" them a hell of a lot less, after they let ALL customers names/emails get stolen, a while back, after which there was a huge phishing attack. Is this what you're referring to? https://uphold.com/en/blog/a-security-update-from-uphold Edited February 22, 2019 by Guest Link to post Share on other sites
Guest Posted February 22, 2019 Share Posted February 22, 2019 annoys me a bit that they opened up on a lower rate then burned those customers by suddenly being all like .... "ooops sorry now we're almost doubling the rate but yeeeeaaahhh, you can't get in on it unless you give us more of your crypto" Link to post Share on other sites
Hodor 21,715 Posted February 22, 2019 Share Posted February 22, 2019 16 hours ago, ZX81_1k said: https://medium.com/@ihaveCred/credearn-introduces-higher-rates-and-special-benefits-to-lba-holders-69d5bf8fcc64 CredEarn and Uphold : Lockup your XRP and earn 9% interest if you hold some LBA tokens. I had asked them about this a while back. They initially had XRP at 5% and BTC at 10%. I'd like it to be the same across the board, but it's good that they're narrowing the gap! I guess the requirement for LBA tokens isn't that bad, but it seems like an artificially-created demand for a rent-seeking token: Quote If you hold 10,000 LBA tokens, currently valued at around $100, you will be eligible to earn 9% on XRP But I'm not going to judge: if that's how they make their profits, then so be it. automatic 1 Link to post Share on other sites
fiik 1,321 Posted February 22, 2019 Share Posted February 22, 2019 ^ wouldn't the security issues repel regardless of offerings Link to post Share on other sites
Jimmyt 65 Posted February 25, 2019 Share Posted February 25, 2019 When it is too good to be true, it probably is. You don't need a PhD degree to know that nobody can pay 9% interest in today's environment. Chances are this is a Ponzi scheme. You have been warned! Link to post Share on other sites
Buy_XRP 1 Posted February 26, 2019 Share Posted February 26, 2019 On 2/22/2019 at 3:55 PM, Hodor said: I had asked them about this a while back. They initially had XRP at 5% and BTC at 10%. I'd like it to be the same across the board, but it's good that they're narrowing the gap! I guess the requirement for LBA tokens isn't that bad, but it seems like an artificially-created demand for a rent-seeking token: But I'm not going to judge: if that's how they make their profits, then so be it. Can you withdraw it when you want? Are the interest paid daily/weekly or yearly? Hodor 1 Link to post Share on other sites
Hodor 21,715 Posted February 26, 2019 Share Posted February 26, 2019 1 hour ago, Buy_XRP said: Can you withdraw it when you want? Are the interest paid daily/weekly or yearly? I would assume part of the deal is that you have to hand over custody? How would it work any other way... maybe a two-party escrow? Smart contract? I'm also not sure about the terms of the interest payout: These are excellent questions for a CredEarn rep though! Link to post Share on other sites
XRP-JAG 4,010 Posted February 26, 2019 Share Posted February 26, 2019 On 2/25/2019 at 2:08 AM, Jimmyt said: When it is too good to be true, it probably is. You don't need a PhD degree to know that nobody can pay 9% interest in today's environment. Chances are this is a Ponzi scheme. You have been warned! Have to agree. What are they doing with our XRP which is giving enough return to them to pay us out at 9%.... Link to post Share on other sites
richxrp 421 Posted February 26, 2019 Share Posted February 26, 2019 46 minutes ago, XRP-JAG said: Have to agree. What are they doing with our XRP which is giving enough return to them to pay us out at 9%.... Shorting ?? Link to post Share on other sites
borntohypetothemoon 8 Posted February 27, 2019 Share Posted February 27, 2019 the best solution here is wait until everything will be insured I suppose Link to post Share on other sites
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