Coinbase and the Widespread Adoption of Cryptocurrency
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Re: Coinbase and the Widespread Adoption of Cryptocurrency
#2The countdown to Coinbase getting acquired has already started. Now it's just a matter of when it will happen and which of the tech giants will end-up owning it.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#3off topic, but what's up with the gifs in this article? they're super distracting and they make up 80% of the page.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#4off topic, but what's up with the gifs in this article? they're super distracting and they make up 80% of the page.
And are not at all related to the content - horrible.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#5The countdown to Coinbase getting acquired has already started. Now it's just a matter of when it will happen and which of the tech giants will end-up owning it.
Why would Coinbase agree to an acquisition by a tech giant?
* Coinbase is making plenty of money,
* Google, Facebook or Apple etc wouldn't provide much more additional value,
* and there would be a real risk that an acquisition would be a disaster since tech giants clearly don't understand cryptocurrencies (see AOL/Timewarner).
I could see an acquisition by a large bank or exchange.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#6The countdown to Coinbase getting acquired has already started. Now it's just a matter of when it will happen and which of the tech giants will end-up owning it.
Why would Coinbase agree to an acquisition by a tech giant? * Coinbase is making plenty of money, * Google, Facebook or Apple etc wouldn't provide much more additional value, * and there would be a real risk that an acquisition would be a disaster since tech giants clearly don't understand cryptocurrencies (see AOL/Timewarner). I could see an acquisition by a large bank or exchange.
> Coinbase is making plenty of money
Coinbase’s volumes have consistently fallen every month since December. January was less than December, February less than January, March less than February, et cetera. They're not in a terrific place, for raising an up round nor selling their business.
[1] https://www.wsj.com/articles/can-the-biggest-u-s-bitcoin-exc...
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#7Why is this guy shilling so hard for Coinbase? Is there a conflict of interest disclaimer I missed in this post?
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#8> A quick Google search will reveal hundreds of unanswered support requests, API problems, and some shady internal business practices.
Ugh, please don't blog like this, hyperlinks exist for a reason. Each of the noun phrases composing the object of this sentence could have been a link. What Google tells you today won't be what Google tells you a year from now.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#9The countdown to Coinbase getting acquired has already started. Now it's just a matter of when it will happen and which of the tech giants will end-up owning it.
Why would Coinbase agree to an acquisition by a tech giant? * Coinbase is making plenty of money, * Google, Facebook or Apple etc wouldn't provide much more additional value, * and there would be a real risk that an acquisition would be a disaster since tech giants clearly don't understand cryptocurrencies (see AOL/Timewarner). I could see an acquisition by a large bank or exchange.
> Google, Facebook or Apple etc wouldn't provide much more additional value
That's not true. All three have an enormous power when it comes to promoting certain technologies or companies. If Google starter promoting major cryptocurrencies instead of the silly GooglePay, the adoption would skyrocket. They literally have the power to change the world, and crush (some) fiat currencies.
But they probably wouldn't, their wealth is somewhat dependent on the political favoritism.
Re: Coinbase and the Widespread Adoption of Cryptocurrency
#10Why would something that serves such an extremely small niche market ever be “widespread”?
Rather than focusing on what crypto is bad at (nearly everything because trust is useful for 99% of its applications), crypto should focus on the niche where it’s actually good at: large money transfers across international boundaries.