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IMHO good move for the ecosystem overall. Beyond that, the formulation is really funny (bad?) though: > Trading will move into limit only starting December 28
by dnpp123 6y ago
IMHO good move for the ecosystem overall.
Beyond that, the formulation is really funny (bad?) though:
> Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time
Assuming limit only == post only orders (which sounds like it in the sentence), how do you expect the trading to work?
- pontus 6y agoAssuming you could still have limit orders cross the spread maybe?
- dnpp123 6y agoYes I guess too haha Unless they limit the right of market orders to themselves^^
- arcticbull 6y agoAhhh yes [terrible thing] is [actually good] for [coin I like]. A well worn template in cryptonomics.
- dnpp123 6y agoThat's not what was implied at all.
- arcticbull 6y ago“IMHO good move for the ecosystem overall” is what I was referring to. I assumed you meant the crypto ecosystem is that not the case?
- pixelpoet 6y agoOne reason it's good for the cryptocurrency ecosystem is because Ripple was never a real cryptocoin, in the decentralised trustless blockchain sense like basically all the others. A bit of a loose analogy might be regulators stopping the sale of "cheese", which is not actually cheese, next to cheese products. All the other actual-cheeses were cheapened by this "cheese product" being sold alongside it.
- arcticbull 6y agoSure it is, it's just not a cryptocurrency you happen to like. Some people liked it some people didn't. It's just a religious thing. Re: cheeses regulators would only stop the sale if it was harmful. They may say you can't call it cheese anymore, though. Not really the same thing. A real life example is Velveeta.