Coinbase raises $100M Series D led by IVP
blog.coinbase.com
Coinbase raises $100M Series D led by IVP
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Re: Coinbase raises $100M Series D led by IVP
#2Why does Coinbase need another $100M when it's making tons of money with its fees?
Re: Coinbase raises $100M Series D led by IVP
#3Why does Coinbase need another $100M when it's making tons of money with its fees?
Raise when you don't need it. VCs are desperate to part with cash ("use it or lose it"), and Coinbase probably has the best chance (after perhaps Stripe and Braintree) of becoming the de facto home for the crypto payment/trading industry.
Re: Coinbase raises $100M Series D led by IVP
#4So I'm late to the digital currency game. What are the regular use cases for digital currency? Who accepts it? Is it mostly for person-to-person trading?
Re: Coinbase raises $100M Series D led by IVP
#5Why does Coinbase need another $100M when it's making tons of money with its fees?
Raise when you don't need it. VCs are desperate to part with cash ("use it or lose it"), and Coinbase probably has the best chance (after perhaps Stripe and Braintree) of becoming the de facto home for the crypto payment/trading industry.
Makes sense, but I don't love how they handled the whole Bitcoin split.
Re: Coinbase raises $100M Series D led by IVP
#6Why does Coinbase need another $100M when it's making tons of money with its fees?
Raise when you don't need it. VCs are desperate to part with cash ("use it or lose it"), and Coinbase probably has the best chance (after perhaps Stripe and Braintree) of becoming the de facto home for the crypto payment/trading industry.
This. When their hands are so strong, they probably got a pretty favorable terms.
Re: Coinbase raises $100M Series D led by IVP
#7So I'm late to the digital currency game. What are the regular use cases for digital currency? Who accepts it? Is it mostly for person-to-person trading?
The utility is that it's a trust-less transfer of value between two parties. Essentially, it's like being able to send cash, anonymously if you chose, to someone else, without an intermediary, in a way that everyone can see and nobody can challenge the legitimacy of.
It seems to me a lot of it is tied up in speculative investment. But there are some vendors who accept it and some countries (eg: Japan) where it's more popular and widely accepted.
Re: Coinbase raises $100M Series D led by IVP
#8So I'm late to the digital currency game. What are the regular use cases for digital currency? Who accepts it? Is it mostly for person-to-person trading?
Depends on the currency. Bitcoin is largely just currency, but things like Ethereum introduce concepts such as smart contracts. Here's an article explaining Ethereum, but obviously there are tons of cryptocurrencies now that all work in their own way.
https://thenextweb.com/contributors/2017/08/10/ultimate-2000...
Re: Coinbase raises $100M Series D led by IVP
#9That money would have had better upside if invested in bitcoin directly.
Re: Coinbase raises $100M Series D led by IVP
#10Why does Coinbase need another $100M when it's making tons of money with its fees?
Raise when you don't need it. VCs are desperate to part with cash ("use it or lose it"), and Coinbase probably has the best chance (after perhaps Stripe and Braintree) of becoming the de facto home for the crypto payment/trading industry.
Having cash sounds great, but does this kind of cash create a crutch? $100M seems like a large number for CB, but I don't know enough about its business to understand how far that money goes. Is CB growing very quickly and in what ways? Is CB making money on their own?
In order to become the de facto home for crypto payment/trading, what does that mean? Does it mean they need to help make the adoption / use of cryptocurrencies easier and more widespread? I am curious as to how this money gets spent.