Quote Originally Posted by jabir View Post
Problem is, as a SET trader it's quick and easy to convert equity into cash.

As it stands, let's say a punter panics and sells his XRP during today's rush for the exit...what then, no cash, he's simply converted them into ETH or some other bwanker which is probably also heading down anyway. To meet with cash, after selling into a bwanker (decentralisation?) next step is to withdraw to say, bx, which could take 15-20 minutes or more, and then cash in. Then of course, a reverse process to get back into the fray against commissions, spreads and other charges.

Not easy, early days yet and the vision of 'decentralisation' has a way to go.
Totally agreed. You said it all actually. How in the world an exchange doesn't exist yet to convert alt coins to USD in real time is simply beyond the beyond. Only a matter of time now....maybe