Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin
Explanation

[Phillis]

meh, sideways then I would assume down. :/

[sAt0sHiFanClub]

How do you 'give up an assumption'?  And 'interlocutor'? 

I am certain Stolfi understood. If you didn't, I suggest you complete basic schooling.

I think (through your mangled english) you were trying to say that you have changed your opinion or your view. An assumption either is or it isn't. See?

You are clearly not as educated as Mr. Stolfi, so can I respectfully advise you dont try to fight him on an intellectual level. You just come across as being a fool.

Might I suggest instead you stick to your more basic verbal insults, name calling and ad-hominem attacks. They suit you better.

[BlindMayorBitcorn]

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

"We're excited to announce ... we're working w/@WesternUnion on a pilot to provide infrastructure for real-time settlement."

You may now shake your heads.

[TakeTheSkyRoad]

Coinbase UK

http://www.theguardian.com/technology/2015/apr/29/bitcoin-coinbase-launches-in-uk

Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.

[TakeTheSkyRoad]

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

You may now shake your heads.

Interesting..... I wonder if this would be using the Ripple network or a new network established just for Western Union.
It does say a "pilot to provide infrastructure for" rather than "adding to our network".

If it is Western Union's own network I can see XRP going down in value and not up lol

[gentlemand]

Coinbase UK

http://www.theguardian.com/technology/2015/apr/29/bitcoin-coinbase-launches-in-uk

Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

[phoenix1]

<coinbase in UK, bank stuff>

The CEO explained his company has a banking partner in the EU region (although declined to name it), which agreed to support GBP payments

Now why would he decline to name the partner and say they were in the EU region, not UK? Hmmm ...
The language suggests to me that it is as you say, yet another work-around.

[Fatman3001]

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

You may now shake your heads.

Interesting..... I wonder if this would be using the Ripple network or a new network established just for Western Union.
It does say a "pilot to provide infrastructure for" rather than "adding to our network".

If it is Western Union's own network I can see XRP going down in value and not up lol

I don't get this project at all. How is it going to transfer wealth?

If it's just digital IOUs to WU itself then I guess regular fees will apply, unless it's a premium service and fees are higher.

[empowering]

I agree with comments regarding Coinbase/Uk based exchanges and domestic sterling deposits. It has been and continues to be  an issue......no doubt about it.

But.......baby steps.

[TakeTheSkyRoad]

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

[ChartBuddy]

Coin
Explanation

[TakeTheSkyRoad]

I don't get this project at all. How is it going to transfer wealth?

If it's just digital IOUs to WU itself then I guess regular fees will apply, unless it's a premium service and fees are higher.

I mean purely based on the speculators..... what if the investors in XRP realise that it's entirely possible that Ripple Labs might licence out the technology rather than add institutions to the existing network ?

Either is a win for Ripple and brings money in to the company.

[Fatman3001]

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

SEPA for EUR is still quite good.

[Elwar]

Coinbase UK

http://www.theguardian.com/technology/2015/apr/29/bitcoin-coinbase-launches-in-uk

Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

[Elwar]

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

SEPA for EUR is still quite good.

This would be useful. Though ANX already does this. Competition is always good though.

[TakeTheSkyRoad]

SEPA for EUR is still quite good.

True but I've been waiting for a Faster Payments exchange for what feel like forever (well, a couple of years).

So many announcements of UK exchanges and so much promise but not one yet has a UK banking partner.

[Fatman3001]

I don't get this project at all. How is it going to transfer wealth?

If it's just digital IOUs to WU itself then I guess regular fees will apply, unless it's a premium service and fees are higher.

I mean purely based on the speculators..... what if the investors in XRP realise that it's entirely possible that Ripple Labs might licence out the technology rather than add institutions to the existing network ?

Either is a win for Ripple and brings money in to the company.

Yes, sure. But I meant their project with or without XRP.

Ripple can't handle those kinds of transfers atm(not talking technically, but economically.... i think?). In BTC you have people buying and selling BTC on such a scale that you can buy it in one country and sell it in another country and get roughly the same sum back(unless we're talking many millions). So how will ripple/wu transfer the wealth?

[gentlemand]

From the coinbase support page :

You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

No faster payments which are free and near instant. You still have to dick around with old school bank transfers that cost money and take time.

You end up with £ in your account but it might take days and my bank costs £30 to send it. It looks like they're using an Estonian bank.

[Fatman3001]

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

SEPA for EUR is still quite good.

This would be useful. Though ANX already does this. Competition is always good though.

We had a bit of a scare with Bitstamp this year, so another (BTC-E is a bit too shady) big player is needed in Europe.