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On 9/1 a Forex Day Trading Prop Firm was charged with large-scale fraud by CFTC (and why I'm more bullish than ever on Crypto)
Which of these alt coin projects are not going to make these tough times or are as good as dead in your opinion?
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Syscoin created a bridge that allows tokens to transfer between ERC20 and Syscoin Token Platform (STP)
Syscoin created a bridge that allows tokens to transfer between ERC20 and Syscoin Token Platform (STP)
Mentions
Are you aware of the number of individuals involved in an international transfer of cash or stocks? That's just the beginning. Take a look at the multitude of intermediaries required in traditional finance. Despite my role being to streamline the process (STP), the current technologies used by banks, central banks, and other entities pose challenges to achieving seamless efficiency.
Yeah, I agree with the gambling our money point. I’m not sure if CEXs have the same regulations as banks, but I know that has been regulated quite heavily (in the UK at least) since the Lehman Brothers collapse. My issue is that they are monetising everything to get a quick buck. As all CEXs are doing it they are normalising it. If there are things that we do in crypto that go STP without person intervention then we probably shouldn’t be paying for it unless there is a cost to the CEX as well.
The forex trading industry was like this for years. Almost all brokers were market makers i.e. they traded against their clients. Client orders never went to the actual market but was kept in house. It is only over the last decade or so were brokers have become more transparent about this and were you now get things like STP and ECN networks i.e. where brokers pass your order straight through to the market. Guess the crypto industry will also go trough the same kind of thing.
>2) Administrations are inefficient... They can't manage data. If a private tech company were to deal with it, you'd buy a house by a simple click... Everything should be STP and transparent (Data on a Blockchain, called by smart contracts). Ya know what makes this statement hilariously inaccurate is that two of the biggest industries ripe for this type of innovation are real estate and automotive. Zillow lost their ass for a lot of reasons, which can be condensed down to the core concept that buying real estate is not as simple as shopping on Amazon. But Carvana... Carvana lost their ass for, among other things, straight up not bothering to properly handle title transfers despite something like half of Americans live in states that offer electronic title transfer. They could have completed automated the system, and just didn't bother to fix the issue.
1) Like I said, keys are on the server. Which means data is accessible from yourself AND from the administration/institution managing the data. 2) Administrations are inefficient... They can't manage data. If a private tech company were to deal with it, you'd buy a house by a simple click... Everything should be STP and transparent (Data on a Blockchain, called by smart contracts). 3) I've never had any issue with information that couldn't be stored on a Blockchain. And I'll stop the discussion here because I don't see the use of it. Have a great day.
Which of these alt coin projects are not going to make these tough times or are as good as dead in your opinion? I'm a complete noob who beats himself everyday for landing in this mess. So I'm looking for genuine advice. I have these altcoins in different proportions and I'm sitting at huge losses with them, around 80 percent. Also is selling shitcoin portfolio at huge loss and investing that into BTC AND ETH now a smart move? Should i do it and breathe easy? Will this situation ever change? Will these altcoins survive? I hope admins allow this post. * Kyber Network * Quant * NEAR Protocol * Harmony * The Sandbox * VeChain * Decentraland * Solana * Cosmos * STP network * COTI * Basic attention token (BAT) * Hedera Hashgraph * Kusuma * Maker * Yearn. Finance * Zilliqa * Tezos * Aave * Monero * Cardano * Chainlink * Elrond eGold * Nervos * Loopring * Algorand * Ripple * Polygon
As someone that works in operations for 16 years inside a bank/broker dealer and is using SWIFT in all BAU activity, I totally disagree with your assessment. It kinda shows that you do not work in the industry, because a lot of your statements lack any kind of insight into the complexities and nature of SWIFT or domestic RTGS payment rails. (Read: REALTIME GROSS SETTLEMENT) Not sure where you get delay from the roadmap - SWIFT ISO standard changes always take a long time for implementation simply because it essentially requires the whole financial service industry to adapt to the new standards and ensure compatibility within all their individual systems and amongst all technology vendors. that takes time and is normally a phased approach through all message types. We are are currently all busy implementing CBPR+ with target release date end of this year, which requires us all to be able to at least consume MX formated messages. I think you may be unaware to the complexities involved in adapting the hundreds of different message MT formats to MX, considering that all financial entities generate/consume SWIFT messages in one way or another at some point in their system flow. SWIFT is not just payments, but also security, forex, money market, structured products, swaps, corporate actions, statements, confirmations and SSI and other forms of message types. It's OUR message platform and every message type has hundreds sometimes thousands of different parametrisation options - that complexity is required to fully capture the particularities of all asset types and the respective servicing requirements, which is also market specific. The quality of domestic payment rails varies greatly between countries and regions, obviously the USA lacks behind compared to countries such as Switzerland that are planning to introduce instant payments in August 24 on back of the switch from FIN+ to Scion, wihch is the routing protocol intended to replace BGP and is a path based architecture that comes with a radical improvment to security. SWIFT GPI is essentially a cross-border tracking function that works within the current ISO 15022/20022 SWIFTnet environment and involves regular domestic RTGS payment rails that already support instant payments, rolling that function out to clients is what this is all about. As Switzerland most of them are in process of updating to support realtime/instant payments to clients but obviously with different timelines, that is just the nature of global fragmentation, SWIFT's big function is simply to track the payment status across all domestic payment network providers and their respective correspondent banks. They provide GPI as an industry initiative that pushes for new standards and binds every participant that sign's up to GPI to adhere to the rules. SWIFT GPI is not a magic payment network developed by SWIFT. You are still ignoring one imprortant fact that dominates the financial industry, the lack of resources to make big shifts from legacy systems, because IT has never enough resources or budget available to make fundamental changes - so interoperability is a key requirement in the industry and the reason why its onion shells everywhere, if you seek to capture any kind of business that isn't just "add on" you need to support legacy systems. SWIFT doesn't compete with Ripplenet. If you knew SWIFT and worked with SWIFT, you would understand that. But you don't and it shows. Again SWIFT is more than just payments. SWIFT is totally able to support realtime settlement, not sure where you get your information, SWIFT is a messaging platform. Participants on SWIFT exchange messages that instruct legally binding actions or information. Any participant can capture SWIFT message flow STP into their systems and import them into their systems or execute actions based on that. It's all a question of system architecture and workflows at each SWIFT participant. Most don't do a true STP implementation, because AUDIT requirements within the industry sometimes dictate maker / checker procedures, but that is industry practice that is guided by regulation. SWIFT has nothing to do with counterparty risk - i can send a SWIFT message to any SWIFT participant directly, it's there in seconds, all entities are regulated banks, financial institutions or large corporate clients. We interact directly with each other. there's no intermediary, if you consider a network such as SWIFT being a CP risk, well then this is true with Ripplenet as well. We already have T+0 markets such as China Stock Connect, that settle in realtime and which is a process that SWIFT fully supports. Settlement batches is a practice mainly in securities settlement, which is market specific, payments between domestic banks over domestic RTGS payment rails settle all in realtime. banks tend to effect payments for clients with a delay, for various reasons. anyways, your post is a good example of someone uninformed and lacks the perspective of an insider and your attitude shows one of the core problems in this sub: ignorance.
This project is going to be a blast packed with good will!! Nice to see how the AstroDonkey ecosystem is unfolding! $DNKY and $STP Dev Team along with their Community are amazing!!
I like this analogy although it might be hard for non technical people to understand. But, we have all these different protocols running for different purposes - TCP, UDP, SIP, RTP as a few - as well as a whole host of 'protocols' that keep things running in the background; BGP, OSPF, STP etc etc. They all have their own utility - browsing the web, streaming video, making video calls, connecting different Autonomous Systems, maintaining the health of a network etc. But when we look at the OSI Model for all these protocols we can see the user is pretty far removed from interacting directly with these protocols. So what will be the equivalent of the OSI Model Layer 7 for crypto? I think we are getting close to something like this with stuff like wrapped coins/tokens. Maybe some adoption of a routing number (like a BSB in Australia, not sure what it's called elsewhere in the world) and some backend smarts that can automatically bridge and swap to facilitate a transaction from chain to chain - with all the "routing" being transparent to the user. As much as I don't really support it, perhaps a transition to CBDC could be really useful towards mass adoption. But also, what problem are we trying to solve? Most people just want a currency they can exchange for goods/services - most people aren't interested in investing and playing with the space that is DeFi. A CBDC stablecoin would solve this as it creates a nationwide standard currency, that all retailers will accept, and that'll be enough for most people.
This. I want someone with a Make America Normal Again MANA slogan in office. The fact there’s talk of a possible round 2 is like the back swing of a wrecking ball, PLZ JZT STP
Yes, if you were in the Forex brokers space, you'd know that basically all the centralized Bitcoin exchanges are what is known as "Market makers" and can act like what you describe above. In the Forex space it's good to avoid any MM and go for ECN (network that match buyers and sellers automatically) or at least non-dealing desk STP (straight through processing).
Again, you don't know what you're talking about. Wind and solar output are the only things that didn't fail during the freeze (at least not a mechanical failure), which was due to a predictable increase in electricity and natural gas demand. However, natural gas well heads froze/ clogged, reducing their output (which reserves use to fire up fast action thermal units (e.g. natural gas steam generators - typically 30 minutes or less.) Further, Bay City's STP 2 was scheduled to be down, and STP 1 tripped off because it's cooling towers were outdoors and froze up because the ambient temperature at that time was about 11F and had no auxiliary way of keeping them warm. All of which caused load shed. No wind generation failed due to freezing, rather there was low wind output which reduced output. There is a difference, as wind turbines work all over the world in even colder weather, but they won't work if there is no wind - regardless of temperature. https://atomicinsights.com/south-texas-project-unit-1-tripped-at-0537-on-feb-15-2021/ https://atomicinsights.com/south-texas-project-unit-1-tripped-at-0537-on-feb-15-2021/ https://www.puc.texas.gov/agency/resources/reports/UTAustin_(2021)_EventsFebruary2021TexasBlackout_(002)FINAL_07_12_21.pdf
I lost out on WINk as well. Feelsbadman. Same case for STP for a long while.. then this last week it moons. Yeah.
What the hell is STP network and why is it up 200%? Pump and dump?
I'm really loving the perks of just holding crypto, I will be able to get a free travel to NYC, visit Central Park, and tours of the Statue of Liberty just by [hodling STPT](https://twitter.com/STP_Networks/status/1437391105574723587), crazy right?
https://nitter.net/STP_Networks/status/1437391105574723587 Here is the link to that Twitter thread on Nitter. Nitter is better for privacy and does not nag you for a login. More information can be found here: https://nitter.net/about *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Stack and stake, and enjoying the perks of the coins your hodling. A [travel agency is offering free travel to NYC](https://twitter.com/STP_Networks/status/1437391105574723587), good thing I hodl a small bag of STPT
https://nitter.net/STP_Networks/status/1437391105574723587 Here is the link to that Twitter thread on Nitter. Nitter is better for privacy and does not nag you for a login. More information can be found here: https://nitter.net/about *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
I'm hodling STPT, and I see that travala.com(a travel agency) has [promos if you are holding STPT or other crypto's](https://twitter.com/STP_Networks/status/1437391105574723587). I'm loving the perks from being a crypto hodler :)
How about [STP Network](https://stp.network/), what do you think?
That's why DYOR is important. Always check projects that has good fundamentals, consist of experienced team members, and has good partnerships, the only small cap altcoin I'm hodling is STP Network, dyor.
What a load of BS. I have been working in finance&banking for 15 years. First off - this depends on country and payment system. In Switzerland, you can pay intraday to any bank until 3pm via SIC. (cut-offs depend on bank) After 3pm your a/c is credited next day. Interbank payments via SWIFT, i.e. MT202 or MT103 can be actioned on same day depending on cut-offs, i.e. during EU morning session, you can instruct CHF/EUR/GBP/USD payments with same day value, you won't be able to instruct a JPY payment with same day value. I can pay contactless with my maestro debit card in seconds, same I can do with Twint, which is a payment service that links your mobile phone number to your bank account. SIC is also working on instant payments, i.e. payments that settle STP in realtime in seconds. Commercial banks that process retail payments sometimes have a workflow model that processes payments on T+2 basis, but that depends on each bank and their respective procedures. Electronic payments normally flow STP with desired V/D that you instruct as client, which also allow same day payments if you don't lapse the cut-off.
Lol, a term I haven't heard in a long time. UTP vs STP.
OSI reference, I think of it as this, main layer, layer 3, IP networking. Takes more effort but is generally the best way to go. Same with crypto. Layer 2: MAC addresses direct communication, faster, but messier. Watch out for broadcast storms and STP renegotiations and Layer 2 hacks MAC spoofing....
Pearl Jam is over rated IMO. STP were amazing!
STP was definitely a better band
I don't think they thought about FTP standing foe that. What came to my mind was STP, Stone Temple Pilots. Not sure why you guys are claiming it's a scam. You could wait until they release more info ahead of launch. Devs are doxxed. You can also go to their telegram site and talk to them
STP. look at all the love i've found...
From the non exhaustive research I did, it’s basically a Token for everything type of offering built on Polkadot, we could compare it to SNX (Synthethix) that is doing something similar on ETH. Founders seem knowledgeable, quick reaearch on LinkedIn they went to Columbia and one of them went to Stanford for her MBA (Sinhae Lee). Its still very young, some VC’s that back the coin are Alphabit BlockVC NGC and they’ve invested in companies like Cere Network, Republic, and KuCoin. STP network was rebranded as BlockZone which has a couple of layers to it with an education segment to teach users which is a good thing I guess (again very little research). If we were to look at at least 1 positive thing that could give us comfort is that they partnered with Travala.com which is part of the expedia.com network. Anyways you should do your research on it, I have a <1K position on it because again I know nothing about the backend, its a very low marketcap coin (ranges between 80-100M) but it is quite popular in Asia, if you check on etherscan most volume is coming from UpBit (a Korean trading platform) making up about 85% of volume while only 10% is done on Binance. If the product turns out to be legit there is a lot of room to go from here! But then again INVEST WHAT YOU ARE WILLING TO LOSE. There are definitely more reliable coins out there with a lot less risk. Hope my 2 cents helped!
I have STP related PTSD... and herpes
Got into STP a while back, I'm gonna have to get in on this 30% APY staking.
TLDR: STP=Blockzone but STPT is still their primary token.
So TLDR: STP has rebranded to Blockzone but their STP token still remains as their main token? Interesting...
Let's imagine a collection composed of valuable NFTs. STP could allow the creation of a token based on that collection. This collection could then be exposed in art galeries or museum or whatever, and the income from that could go to the owners of the token! Or even like when this collection is sold! That would be a pretty good application of STP!
I made the \*\*horrible\*\* mistake of selling my AUDIO bags for a different coin when it was 0.4 ... it still haunts me. I will \*\*not\*\* make the same mistake with STPT because I see it's full potential and I believe in the success STP Network will have.
https://stp.network/wp-content/uploads/2021/01/STP-2.0.pdf
Check out LTO and STP. Both seem to have real use cases and a decent team. Been diving into these projects the last few days
LTO, STP, Those are the things that have been sticking out to me recently. DYOR though.
Don’t forget STP and LTO! Both seem undervalued
I discovered this through a discord group, but turned into a HODLer because of the fundamentals. It's a good post OP, but it misses one point - you can tokenize \_any\_ asset quite easily with this, essentially turning it into a pretty user friendly smart contract engine for any kind of transaction, using the Polkadot network with its low fees. It's pretty cool tech, and I'm quite excited to see how this can pan out. There are some other players in this space, but STPT (or STP 2.0) is imho pretty nicely set up to be more than a bit-part player.
It was actually slated for 'sometime in Q1' and happened in January. I just posted above about STP 2.0. They updated their White Paper accordingly and have some big things on the go this year.
They have big things coming in 2021. They announced STP 2.0 in January. "STP 2.0 will give users access to multi-chain assets and new financial products on different blockchains, without grace overcollateralization or expensive bridge fees."
You really get inspired once the government pushed you around, you get creative. Anyways, I myself have been investing with the big players, plus those who I think has the potential to revolutionize the way we see transactions fees like [STP Network](https://stp.network/).
My FIL is totally one of the STP. He gets called to do EVERYTHING
From thier white paper: White Label Offering Depending on future market conditions, STP Network may work with other exchanges, entities, and token issuing teams to offer all or some services under a whitelabel service. This may be targeted at enterprise and governmental bodies for large scale tokenization projects.
That's what communities are for, good to hear you are making good profits. The STP Network is surely promising, thanks for the tip!
I am bit worried about this sub. If you check 'Rising' threads they are about shilling low Marketcap, new coins - STP and Ecomi. And they have like 10+ upvotes. Seems like cryptomoonshots.
Its fucntion is Enabling the issuance and trading of synthetic assets and indices on Polkadot and also STP 2.0 enhances the capabilities of synthetics to give users access to multi-chain assets and new financial products on different blockchains without heavy over-collateralization or expensive bridge fees🙌🙌🙌💎💎💎🚀🚀🚀
*CMC's* > BTCST will undergo a 1:10 token redenomination on March 15th 2021 following the STP-4 Proposal. For more information: please refer to https://btcst.medium.com/btcst-to-implement-results-of-stp-4-1-10-redenomination-the-week-of-march-15-872c9ea3d5b7
While I’ll lookup STP a little more on my own time, I have to say, what a shitty video. “About PolkadotPolkadot”? Really?