Coinbase announces proposed direct listing • Hacker News Board

Re: Coinbase announces proposed direct listing

#41

Post by RangerScience » Thu, Jan 28, 2021, 9:08 PM UTC

chrisco255 wrote: post #15

wmf wrote: post #2

Why isn't Coinbase doing a security token offering?

Because there's already a lot of network effects built in to the existing exchanges and crypto infrastructure for trading securities is still immature, albeit promising.

What's out their right now in the way of crypt infra for securities / stock trading?

I predict that as the news digests GAMESTONKS, we're gonna see a decent amount of talk about crypto and a block-chain based stock market.

But I'm far out of the crypto loop these days so IDK what the contenders are.

Re: Coinbase announces proposed direct listing

#42

Post by Triv888 » Thu, Jan 28, 2021, 9:10 PM UTC

wmf wrote: post #2

Why isn't Coinbase doing a security token offering?

Yeah, fuck the stock market at this point.

Re: Coinbase announces proposed direct listing

#43

Post by yepthatsreality » Thu, Jan 28, 2021, 9:10 PM UTC

fortydegrees wrote: post #40

Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?

Trendiness.

Re: Coinbase announces proposed direct listing

#44

Post by llampx » Thu, Jan 28, 2021, 9:12 PM UTC

jaywalk wrote: post #6

Obviously this was planned well in advance, but what a day to make this announcement.

I wonder if they would have blocked the purchase of Dog coin

Re: Coinbase announces proposed direct listing

#45

Post by mdorazio » Thu, Jan 28, 2021, 9:13 PM UTC

fortydegrees wrote: post #40

Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?

The vast majority of the population is not at all like HN readers and doesn't even know what Coinbase is. Blogging on Medium gives them much better exposure and reach to non-crypto people who might become interested in them because it popped up on their Medium feed vs. on the Coinbase blog.

Re: Coinbase announces proposed direct listing

#46

Post by hbosch » Thu, Jan 28, 2021, 9:13 PM UTC

fortydegrees wrote: post #40

Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?

Same reason companies use Twitter and Facebook.

Re: Coinbase announces proposed direct listing

#47

Post by nisten » Thu, Jan 28, 2021, 9:13 PM UTC

fortydegrees wrote: post #40

Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?

From a technical point of view yes, your own hosted static site is way more efficient, you have more control over the stack, scaling, better metrics, security etc, etc.

From a business point of view it's more like...who the f*ck cares what you use? Did they read it? Yes? Good, move on.

Re: Coinbase announces proposed direct listing

#48

Post by kinghajj » Thu, Jan 28, 2021, 9:17 PM UTC

zionic wrote: post #28

wmf wrote: post #2

Why isn't Coinbase doing a security token offering?

I suspect the plan is to raise tons of fiat then pump their BTC holdings via grayscale.

My god, that would be amazing.

1. Coinbase raises money from the IPO. 2. Coinbase takes some of that money and gives it to Grayscale. 3. Grayscale uses the money to buy cryptocurrency... On Coinbase!

Not only do Coinbase shares appreciate from the increased value of assets on their balance sheet, but they earn some of their money back from fees, too. Just make sure that steps #1 and #2 have some delay, after any lock-up period.

And since Grayscale can only divest from its funds for fees and doesn't allow redemption, more cryptocurrency tokens get "locked" in the funds indefinitely, unable to affect the spot price.

Re: Coinbase announces proposed direct listing

#49

Post by lukifer » Thu, Jan 28, 2021, 9:17 PM UTC

whb07 wrote: post #26

marcinzm wrote: post #17

Earlier quoted context omitted.

Then eventually things implode, society collapses, a dictator takes over after claiming they will help the starving masses and so on. Starving masses who have lost their life savings do not make for a good place to live even if you avoid being one of them. Society should be protected from the fallout of capitalism to a reasonable degree.

Protected by people with lofty ideals like yourself? Where are these high minded incorruptible individuals? Governments are the cause of mass starvation and murders, please see China, USSR, Germany, and on and on.

Governments also commit mass murder on behalf of the interests of private capital, ranging from feudal land enclosures, to the United Fruit Company in Honduras [0], to modern oil interests and the military-industrial complex.

[0] https://en.wikipedia.org/wiki/War_Is_a_Racket

Re: Coinbase announces proposed direct listing

#50

Post by pinko » Thu, Jan 28, 2021, 9:20 PM UTC

mdorazio wrote: post #45

fortydegrees wrote: post #40

Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?

The vast majority of the population is not at all like HN readers and doesn't even know what Coinbase is. Blogging on Medium gives them much better exposure and reach to non-crypto people who might become interested in them because it popped up on their Medium feed vs. on the Coinbase blog.

The vast majority of the population has a Medium feed?