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patrissimo's profile
Patri Friedman
Patri Friedman
Patri Friedman
@patrissimo

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Patri Friedman

@patrissimo

On virtue, venture, family, freedom, crypto and (of course) building startup countries on the ocean.

San Jose, CA
patrifriedman.com
Joined October 2008

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    Patri Friedman‏ @patrissimo Jan 4

    Patri Friedman Retweeted Patri Friedman

    Update on making an angel investment in a combination of #Ethereum/USD: My US bank held the USD wire in secondary review & locked my account, tx ultimately took 2 days, 10 min on phone, and $25 fee vs. ETH from @coinbase cleared in 3.5 minutes for ~36c.https://twitter.com/patrissimo/status/948382538887655424 …

    Patri Friedman added,

    Patri Friedman @patrissimo
    Actual utility of cryptocurrency for monetary transfer confirmed: today I used #ETH to pay for a startup investment. It was way better than a wire: faster & not closed for the day at 3pm pst. (Haven't compared tx costs).
    Show this thread
    10:50 AM - 4 Jan 2018
    • 73 Retweets
    • 283 Likes
    • Bettergram Messenger London PLOW Crypto Vikin Chetan Halai Scosco Lili Anki Chauhan Ravi Romo 📡 Cerealcreep
    15 replies 73 retweets 283 likes
      1. New conversation
      2. Patri Friedman‏ @patrissimo Jan 4
        Replying to @Gabrielbmac @coinbase

        Yes, I do. I think it's the most likely of the current competitors, perhaps even more likely than BTC since it is so much more actively developed.

        1 reply 1 retweet 8 likes
      3. 1 more reply
      1. New conversation
      2. Eric Crampton‏ @EricCrampton Jan 4
        Replying to @patrissimo @coinbase

        How long until the AML/KYC bullshit that delayed your bank transaction gets forced onto coinbase?

        1 reply 0 retweets 1 like
      3. Patri Friedman‏ @patrissimo Jan 4
        Replying to @EricCrampton @coinbase

        Good question, but: not yet. And it takes awhile for that to spread to all banks. And crypto is designed and backed by people who want to resist that control, unlike banks. I am KYCed by Coinbase, but they don't review/limit what I send out.

        1 reply 1 retweet 2 likes
      4. Eric Crampton‏ @EricCrampton Jan 4
        Replying to @patrissimo @coinbase

        What KYC did you hit beyond email address and cell number link?

        1 reply 0 retweets 0 likes
      5. Eric Crampton‏ @EricCrampton Jan 4
        Replying to @EricCrampton @patrissimo @coinbase

        Hi @coinbase. What would be the specific regulatory blockage preventing me from buying Etherium through your platform in NZ?

        0 replies 0 retweets 0 likes
      6. End of conversation
      1. New conversation
      2. MO Raider‏ @Ozarka69 Jan 4
        Replying to @patrissimo @coinbase

        Patri, how high do you realistically think BTC will go in your opinion? Also shouldn't gold and silver move higher thanks to Crypto vs fiat

        1 reply 0 retweets 0 likes
      3. Patri Friedman‏ @patrissimo Jan 4
        Replying to @Ozarka69 @coinbase

        That's the trillion dollar question...and an unanswerable one. As a global reserve currency, much higher. If outcompeted / not made actually useful, $0. The relative probabilities...as ineffable as God.

        1 reply 0 retweets 0 likes
      4. MO Raider‏ @Ozarka69 Jan 5
        Replying to @patrissimo @coinbase

        Thank You Patri. I do own a little BTC and more Ether. Looking to sell some silver and possibly buying BTC. Just hate chasing

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. Julio patino‏ @Jpatinolegge Jan 4
        Replying to @patrissimo @brian_armstrong @coinbase

        I feel like cryptocurrency and blockchain it is backed by the people and not controlled by banks or government for now. But definitely controlled (and very poorly) by the platforms of exchange. Specially coinbase. Not giving investor access to their investment.

        0 replies 1 retweet 1 like
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      1. New conversation
      2. Bob Vance, Vance Refrigeration‏ @BitcoinDunny Jan 4
        Replying to @patrissimo @coinbase

        @brian_armstrong that’s great. Coinbase charged someone I know $30 in fees to move $80 worth of bitcoin

        1 reply 1 retweet 2 likes
      3. 1 more reply
      1. George Larkdas‏ @LarkdasGeorge Jan 5
        Replying to @patrissimo @coinbase

        i just wonder if yourself and your organisation Coinbase have any sense of empathy for your customers. You will only respond when it suits you. Please show leadership and have the decency to respond back.

        0 replies 0 retweets 2 likes
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      1. Spencer Haley‏ @SpencerHaley Jan 8
        Replying to @patrissimo @brian_armstrong @coinbase

        #BTC payout from HackerOne.. #CoinBase is RIDICULOUS- I can't recommend un4tunately. Tried 2 send 10$ to my buddy... FEE 15$??? TF>? then... Demands ID documents.. but doesn't mention they don't support PASSPORT anywhere in that form. I'm not about to renew my DL. FML.

        0 replies 0 retweets 0 likes
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      1. Tom‏ @HisTimeNotMine Jan 5
        Replying to @patrissimo @coinbase

        My ETH purchase was on 12/28. @coinbase sed my $700 price was "locked". 1/4 my $$$ was in GDAX acct but price of ETH was at $950. Guy @coinbase sed my price was locked in on 12/28 but not so sure if I hit 'Buy' button I would've got $700 price. Any thoughts/comments appreciated

        0 replies 0 retweets 0 likes
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      1. Mohit Singh‏ @MSChawla555 Jan 5
        Replying to @patrissimo @coinbase

        Mohit Singh Retweeted Mohit Singh

        Have been bullish on ETH since August 17. And I still continue holding it.https://twitter.com/MSChawla555/status/896785935282520064 …

        Mohit Singh added,

        Mohit Singh @MSChawla555
        Replying to @aesthetic_arora
        It's eassy, but I think ETH will be more valuable then BTC in Future. Financial Institutions are heavily using ETH due to its specific use.
        0 replies 0 retweets 0 likes
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      1. George Larkdas‏ @LarkdasGeorge Jan 5
        Replying to @patrissimo @brian_armstrong @coinbase

        pic.twitter.com/JFVEpLoWvZ

        0 replies 0 retweets 0 likes
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      1. George Larkdas‏ @LarkdasGeorge Jan 5
        Replying to @patrissimo @brian_armstrong @coinbase

        My SEPA deposit has been received and confirmed by Coinbase and yet I am still being asked to send another money to verify my bank account. Please help me out herepic.twitter.com/AmB7RU0IgO

        0 replies 0 retweets 0 likes
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      1. Matrix‏ @derek2920 Jan 5
        Replying to @patrissimo @coinbase

        3.5 minutes for ~36c is nice. 4s for <1c is better though! $xrp #xrpthestandard @Ripple

        0 replies 0 retweets 0 likes
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