[woodruffw]

It's not 50k (more like $50), but I have a similar story with Stellar.

I was one of the (thousands of?) people who Keybase/Stellar/mysterious parties decided to gift some of their tokens to. I tried to transfer them to a provider with my bank information, and immediately flushed them into /dev/null because I didn't understand the separate sequences of numbers that I was supposed to provide.

I wasn't exactly upset, but it really solidified my opinion of the entire space: as an end user, my single greatest interest is the fidelity of the transactions that I take part in. Tack onto that the constant whirlwind of technical compromises that lack legal recourse, and my feelings of confidence approach zero.

[pwdisswordfish0]

That's a different situation. Those Stellar tokens didn't go into /dev/null. They went into the hands of Coinbase, they're just not crediting you. It's not that they can't do anything about it, they just aren't.

[sebmellen]

Correct. To be specific, instead of providing a unique address per deposit, Coinbase instead provides one address, and identifies individual deposits to that address using a Stellar "memo." The same issue is present with Ripple.

This isn't a problem with Stellar itself, but more how Coinbase decides to approach the issue. But Stellar does require a 0.5 XLM commitment to "open" an account on-chain, which is probably what holds Coinbase back.

Otherwise, Stellar is a very reliable and focused chain, and has a stable fee market (which means a lot these days!).

[woodruffw]

I don’t know whether that’s better or worse, but I dislike it roughly as much. No other financial institution in the world can “just not” anything without me having some recourse.

[themodelplumber]

That's a pain. If you might still be willing to give the _entire_ entire space a try, it's getting easier to participate with services like Coinbase and e.g. XLM-USD trading, which is different from holding XLM. (Is that a cup with handle on the 1D?) Or trading crypto-related stocks, even.

[captn3m0]

That's just gambling with extra steps.

[themodelplumber]

Everything looks like gambling if you squint hard enough. Always use a risk management framework, and then you can squint at everything again and see investments.

[guiambros]

> It's not 50k (more like $50)

Uh? LINK is currently at $13.65 [1]. x 4,005 tokens = $54,668

EDIT: I misread; parent was speaking of their own loss of $50, not correcting the original article's accuracy.

[1] https://www.coinbase.com/price/chainlink

[ekam]

The $50 refers to their own story not the one mentioned in the article