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Earlier quoted context omitted.
We are all going to find out. At the very least, the blockchain provides a degree of global immutability that was previously impossible.
That immutability is terrible feature. Type one letter wrong on your wallet address and your money is gone forever. I myself have experienced something similar when a bank teller provided me with a routing number from a chase bank in a different state then I originally set up my account. Thus, my entire direct deposit pay for a month of $6,000 went to an account set for a chase routing number in a different state. Fo…
> If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license, an alternative trading system license (ATS), and a registered investment advisor (RIA) license. > ... > This is all be…
Earlier quoted context omitted.
But you're not doing it because of any intrinsic property of crypto-coins. You're doing it because they haven't been regulated yet. (I am not implying any ill intent on your part.) You could do the same thing with normal investments, if trading houses and banks didn't do any KYC checks.
I don't know about "intrinsic". No other asset class has the same characteristics. It's making investments viable that were not viable before. No regulation exists now in conventional banking that prevents me from doing that investment without crypto. It's just not practical and therefore unviable. I would need to surf through 3 different bureaucracies in 3 different languages and currencies. If you are doing this ki…
And why will this never hold for similar transactions done on the blockchain?
Buying ... expanding... when they cannot reply to a support email for more than a month. This is one of the most customer unfriendly companies.