cockbeard wrote:Dinostar77 wrote:On a sidenote why can't your friend use coinbank or similar and convert his bitcoins to pounds and transfer back into his bank account?!?
Tax implications I imagine. That's something near half a million quid at the minute, so even if he can get a decent price and doesn't get charged handling fees and whatever there's also the small matter of a 150k tax bill
Dinostar77 wrote:@legal any thoughts on paypie(ppp), populus(ppt) and omiseGo (omg).
Dinostar77 wrote:If you sell say 50 BTC at one go, is the sale price minus exchange costs fixed? Surely 50 BTC going through the block chain will take sometime to be processed and in real time as @legal said the price of bitcoin will drop due to the 50 BTC in the process of being sold?!?
M0stly harm13ss wrote:@dino In response to your thought, I think the answer is, 'why would they'? The systems they have in place already work fine.
Also I can guarantee that they are not going to bolt anything onto their existing systems that they don't have to. Under web based front ends, there is some seriously ancient systems and code.
Dinostar77 wrote:Well I ignored the crypto currency that by in large allows to make almost anonymous trades. As legaldinho pointed out its gonna come under regulation. Went with a punt on Ripple. It's slightly different in that some banks I.e. Santander and others are using it for international transactions. It's dirt cheap at present so well worth my £20 punt. I actually enjoyed the process as it's something new to learn.
cockbeard wrote:Tax implications I imagine. That's something near half a million quid at the minute, so even if he can get a decent price and doesn't get charged handling fees and whatever there's also the small matter of a 150k tax bill
LesterUnlimited wrote:Dinostar77 wrote:Well I ignored the crypto currency that by in large allows to make almost anonymous trades. As legaldinho pointed out its gonna come under regulation. Went with a punt on Ripple. It's slightly different in that some banks I.e. Santander and others are using it for international transactions. It's dirt cheap at present so well worth my £20 punt. I actually enjoyed the process as it's something new to learn.
I've help XRP for a while now and the price is so fucking stable lol! The return is still better than a Savings Account though. The aim is to get financial institutions to use XRP but right now they haven't adopted it's use yet.
GooberTheHat wrote:Any thoughts on Neo?
WorKid wrote:It's not 10-15 years, blockchain is already being used across financial services. Small disruptor banks will find it easier to move but bigger banks will have the power to invest and reap the rewards.
I expect stock exchanges and clearing houses to be hugely interested too.
Not much apart from they recently said that there would be a massive announcement drove their community to fever pitch. Turns out that their big announcement was another announcement that something was going to happen. I think it kind of hurt their credibility somewhat.GooberTheHat wrote:Any thoughts on Neo?
Dinostar77 wrote:I think XRP have a decent chance at replacing SWIFT which has been around since the 1970s. Would appreciate any updates from you time to time bud as the project interests me. I'm keeping my eye on PPT (populus) as well. That's hit £13 a COIN.LesterUnlimited wrote:I've help XRP for a while now and the price is so fucking stable lol! The return is still better than a Savings Account though. The aim is to get financial institutions to use XRP but right now they haven't adopted it's use yet.Dinostar77 wrote:Well I ignored the crypto currency that by in large allows to make almost anonymous trades. As legaldinho pointed out its gonna come under regulation. Went with a punt on Ripple. It's slightly different in that some banks I.e. Santander and others are using it for international transactions. It's dirt cheap at present so well worth my £20 punt. I actually enjoyed the process as it's something new to learn.
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