I have some friends that are invested in Tron and I can't stop trolling them whenever it doesn't make a list. That being said, Coinbase is not even a top 5 global exchange. All Tron needs to do is become successful in China (where most of the top 5 exchanges by volume are) and it will be fine.
I'm a developer on one of these projects (Nano). I normally refrain from posting about it on Hacker News, since it's almost never actually on-topic, but if there are any questions I am happy to answer them.
Remember when you got a piece of technology that felt like magic? Like 'this is what the future feels like'?
I had that feeling again when I first used Nano. A friend of mine and me, we got the wallets and kept sending Nanos back and forth, just because. 2s per transaction, no fees. It blew our minds.
Not to shill Nano. It might well be the case that Nano won't be occupying this space of near-instant and feeless transactions. But _something_ definitely will, and it will happen rather soon.
> A friend of mine and me, we got the wallets and kept sending Nanos back and forth, just because. 2s per transaction, no fees.
LINE Pay (a local service trying to recreate the success of WeChat Pay) used that as an ad campaign. "Just flick 10 cents back and forth between your friend to see how quick and seamless the service is" [and get free stuff because of course it's an ad campaign] https://www.youtube.com/watch?v=OwDM0oKCgbE
In a decentralized system no goverment or private entity can freeze your money. Your financial status cannot be used against you from getting financial services.
I know this is literally the first sentence in the article but just thought it worth repeating for anyone coming straight to the comments:
> Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading.
XLM was "premined" (instantly generated for free) and distributed to the established "wealthy" userbase in an effort to get them to tell outsiders to buy in.
It's like some evolution of Multi-Level-Marketing meets penny stock.
>At the genesis of the Stellar Network, 100 billion lumens (XLM) were created as specified in the protocol. As part of its custodial mandate, SDF is entrusted to oversee that the vast majority, 95 billion, of the lumens are distributed to the world.
>SDF manages the execution of lumen distribution, with oversight and direction provided by SDF’s Expansion Board. The initial lumens held by SDF are required to be distributed to the world in the following manner:
50% for distribution via the Direct Sign-up Program
25% for distribution via the Partnership Program
20% for distribution via the Bitcoin Program
5% held by SDF to support operational costs
Funny part of the protocol is that the voting power goes to the rich, and they just vote themselves all the new money that's generated:
>The Stellar Network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the “votes” from other accounts in the network.
The cryptocoin community has an established Modus operandi.
Write a piece of software that generates a supply of database tokens, and write the rules in such a way that they gain majority ownership and distribute a large portion of the supply to a few early "whales". These early users then act in every way they can to spread promotional promises and propaganda to the public in an attempt to convince people they too can become an oligarch of this token system that will surely be the future (as they sell their tokens for fiat) and all they need to do is "hodl" the supply and wait of course.
This is interesting to me in the following way: it seem that there now is a business case for hyper-secure storage (both in terms of it not being destroyed and in terms of not being copied) of rather small bits information where I don't think one existed before.
The fact that this idea has finally gained traction because of crypto-currencies is - I think - largely irrelevant: there are now real information "vaults" in the world that you can rent.
I see you downvoted my comment, but I think you do not understand the practical issues: there is a limit to the divisibility of Bitcoin : 1 Satoshi, or 0.00000001 which is easier to write as 1x10^-8
In Bitcoin, Dogecoin is priced in almost the smallest fraction you can divide a Bitcoin in: about 39 Satoshis, or 3.9x10^-7 BTC
You can indeed buy fractions of a bitcoin, but no smaller than 1 Satoshi. Even before you reach that hard limit, the issue with transaction costs make small amounts of Bitcoin "dust", that is not economically recoverable if the transaction cost is greater than the amount that could be recovered.
Most exchange are limited by their use of floating point precision: if the price of Bitcoin to another currency changes by less than 1 Satoshi, it will not be reflected in this crypto to Bitcoin price.
So Dogecoin/Bitcoin is more stable than another pair for which this division would be possible, simply because a 2% variation would mean less that a 1 Satoshi (0.02x39=0.78)
0.78<1 so Dogecoin/Bitcoin will not change for fluctuations of less than 2% around its current price.
Even better: there are something like 1.15x10^11 Dogecoins. If you buy in Dogecoins, you can buy things that would cost less than what you can price in Bitcoin.
So for sell/buy, Dogecoin brings you more arithmetic precision.
Simply because it is old (therefore ubiquitous on the exchanges) and also so cheap, I think the issues with floating point gives Dogecoin a bright future!
EDIT: and yes, many exchange seem to be using floating point to deal with monetary values. Maybe for database or frontend optimization? Anyway if you don't believe it, try to place 2 different order with the 2nd one different from the 1st one by 1 Satoshi, then see how it goes if they execute. Or look at their API and see what precision they advertise, and how by pure coincidence it seems to match limits that floating point would impose!
God I hope exchanges don’t use floating point math for anything, that’s literally dealing with money 101. If you can’t even manage to do that how can you be trusted with storing value? This is why God (and I use that term VERY loosely) gave us arbitrary precision arithmetic libraries. Kidding aside anyone who proposes using floats to track money is getting fired.
1 Satoshi is currently worth $0.000069, and transactions are being approved for as low as 2¢. So this isn't currently a big problem.
In the future, bitcoin could be extended to have more digits. Or perhaps this will be dealt with on a second layer. Lightning transactions could deal with sub-satoshi quantities.
« Secular market » A secular market trend is a long-term trend that lasts 5 to 25 years and consists of a series of primary trends. A secular bear market consists of smaller bull markets and larger bear markets; a secular bull market consists of larger bull markets and smaller bear markets.
