Not user friendly

[inri]

This is the first time I ever used XRP. I attempted to transfer funds from Phemex to Kucoin, but forgot the tag. Now I'm fighting with both exchanges to find my funds, and having to pay a $50 commission fee. I don't understand how this coin has such a high market cap internationally. I can tell you now as an American, I would rather XRP stay ban than have to deal with this inconvenience again.

P.S. XRP tanked from $.80 to $.60 during this period.

[brianwalden]

Good for you, King. If you don't like XRP, that's fine by me, sell as soon as you get your funds back. But if you're going to be successful in crypto, you need an attitude change. This isn't TradFi where you're protected from every bad thing that might happen. There's no safety net in crypto; you're responsible for every action you take. That's means learning from your mistakes (I've been in crypto for 8 years and still screw up) rather than blaming them on other people.

As for the problem at hand, you're going to want to go to Kucoin. They're the ones that have your XRP. Phemex can't really do much except confirm that you were the one who sent the transaction. What you basically did was the equivalent of sending a wire transfer to a bank routing number without specifying which account it should go to. Kucoin received your XRP, the transaction just didn't tell them who to credit it to. This deposit setup that requires a destination tag or memo to specify who the deposit is for isn't unique to XRP, many exchanges use it for various currencies, but the reason is almost always used for XRP is because of the way the XRPL works (I won't get into that here). So I guess if you don't like that, you can rightly blame that on XRP. I have a Kucoin account and I know they both put up a pop-up message and have a bold red warning on the page where they list your deposit address. Kucoin does call it a memo, which is the more generic term for the field the XRPL actually uses, the destination tag. It may have been confusing if Phemex was asking for a destination tag and Kucoin was giving you a memo, but that's on Kucoin not the XRPL. The $50 fee is all on whichever exchange is charging it to you. The only thing it costs them to fix your deposit is time, there's no fee from the XRPL as they already have your funds in their wallet.

Like I said before, I don't care if you hate XRP, but what kind of horrible person are you if your want it banned just because you don't like it? I hate spaghetti squash (the texture gets to me), but that just means I don't eat it. I don't hope for a spaghetti squash blight or want the government to ban it so people who do like it can't enjoy it.

Edited April 29, 2022 by brianwalden

[RobertHarpool]

7 hours ago, inri said:

but forgot the tag.

I sent money to the electric company but forgot to put my account number. Now I have no electricity and am in a fight with them. Money should be banned. 

Stupid money >.<

[Triceratops]

FUD all over the place

Edited April 29, 2022 by Triceratops

[brianwalden]

I just want to add one thing, your title, not user friendly, is absolutely correct. Just last week my formerly no-coiner cousin was trying to buy some obscure coin on some obscure BSC DEX because one of his friends was a dev on the project. It was impossibly hard (and made even worse by the laws in NY). I started in crypto before smart contracts and DeFi and was able to slowly learn as this stuff developed. I can't imagine trying to start from scratch today.

The problem of being not user friendly is kind of intrinsic to crypto. Crypto is like a car that doesn't have computers so that you're able to maintain everything yourself mechanically. By necessity, you have to sacrifice many of the user friendly features that our modern cars, packed with computers, offer in order to be able to do all your own work on your car. Crypto was developed to create a monetary system that relies on trust as little as possible and values individual autonomy as much as possible. That system is never going to be as user friendly as traditional finance.

That said, that doesn't mean crypto shouldn't strive to become more user friendly. It absolutely should. We're never going to onboard the next huge wave of people without somehow becoming more user friendly. But we should all be aware that crypto is by design a different beast than the normal banking system we're used to and we need to interact with it differently because of that fact.

[RobertHarpool]

@brianwalden It is like a pot of gold in a forest. If you wait until they pave a road to it, that gold won't be there anymore.

(that's what I tell neophytes)  

[VanGogh]

DOS was awful before wWindows and Apple. 

[Benchmark]

Indeed, crypto is not idiot-proof. But neither is any other system that involves money.

[Babelly]

On 4/29/2022 at 3:29 AM, inri said:

This is the first time I ever used XRP. I attempted to transfer funds from Phemex to Kucoin, but forgot the tag. Now I'm fighting with both exchanges to find my funds, and having to pay a $50 commission fee. I don't understand how this coin has such a high market cap internationally. I can tell you now as an American, I would rather XRP stay ban than have to deal with this inconvenience again.

P.S. XRP tanked from $.80 to $.60 during this period.

As an American, I would like to say your just a f*cking idiot. 

"International market cap"

what does that even mean

Mods close this clown thread, probably a bot or paid FUD