IkmoIkmo

315 ms·

1801.
by IkmoIkmo 12y ago
Thank you!
1802.
by IkmoIkmo 12y ago
Pretty much every bitcoin company out there. There's close to a quarter billion dollars of VC funding pouring in and it's very much a global phenomenon in every continent. A lot of reputable companies, two of which have had $150m
1803.
by IkmoIkmo 12y ago
Where can I find this?
1804.
by IkmoIkmo 12y ago
I'd say there's 3 things to consider * You should be really proud of your achievements so far, an acqui-hire is no joke. * I understand you may be afraid of starting or joining a risky startup. But what have you got to lose? At ag
1805.
by IkmoIkmo 12y ago
Oh for sure, I'm not investing in them because as a developer I'm not looking for ethers, especially not at such a price level when developers ought to be able to develop on a testnet for free. My decision has nothing to do with t
1806.
by IkmoIkmo 12y ago
It's NOT an investment. It's a developer resource, e.g. if you're a programmer or company looking to build an ethereum project. If you don't even know how to buy it (i.e. you haven't a clue what ethereum is, that th
1807.
by IkmoIkmo 12y ago
It's fairly easy. In fact there's a website where you pay $50 and plug in some numbers (like annual inflation, block mining times, which hashing algorithm you want etc) and they generate the code for you, which is just a github fo
1808.
by IkmoIkmo 12y ago
Sold to actual developers. It could be that the team sells ethereum to itself with their own bitcoin. The transaction shows up on the blockchain but nothing happened. They both owned the ethereum and bitcoin before and after the transaction
1809.
by IkmoIkmo 12y ago
I'm a pretty big proponent of bitcoin and enthusiastic about 2.0 applications. But I've got serious doubts about Ethereum. For one it's still pretty much vaporware, little has been released and there's a ton of hype that
1810.
by IkmoIkmo 12y ago
My intuition for their setup was something like this: You know how a company like Oracle might give its top sales people creditcards with spending limits (for sales dinners with big customers), and Oracle pays for this? I think Xapo is simi
1811.
by IkmoIkmo 12y ago
Unless you're licensed as a bank, it'd be illegal to lend out these funds. As a mere money transmitter you are required to hold 100% of custodial funds, fractional reserve banking is not allowed. Seeing as they've not ever co
1812.
by IkmoIkmo 12y ago
It's not the only security. In short there's a rate-limited pincode, 2FA, spending limits plus a password for your vault, and they offer insurance against lost bitcoins that you didn't cause.
1813.
by IkmoIkmo 12y ago
No I don't think so. The currency conversion as I understand it is when e.g. a European customer gets a Xapo card linked to an EU issuer, when he or she makes purchases say in India with that card, there's a currency conversion. T
1814.
by IkmoIkmo 12y ago
It's not that bad. Firstly the account is rate-limited. a 4-digit pin has 1/10k chance of getting it right, you get a few chances. It's about the same chance of being killed by an airplane hitting you, or being killed by a gr
1815.
by IkmoIkmo 12y ago
True, although they did waive the $15 fee for these early-birds, and of course the product is completely optional. You can say no thanks whenever you want. I also wouldn't say THEY decided. You can't create your own debitcard, wel
1816.
by IkmoIkmo 12y ago
The 1% fee is separate from the debit-card, it's just a way to buy bitcoin which isn't super easy and frictionless everywhere in the world. Of coure this is improving rapidly globally. So why buy bitcoin in the first place? Well,