We already knew this, right? What is new?
https://xkcd.com/1053/
umm I am actually genuinly trying to understand what changed... I thought they already told us they are planning to do an IPO.
Coinbase announces proposed direct listing
61–70 of 222 posts
Re: Coinbase announces proposed direct listing
#62Slightly 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.
> From a business point of view it's more like...
Usually companies use blogs as marketing tools to drive traffic to their websites. I might be wrong, but in the case of Coinbase I have never really seen anything they wrote that was precisely intended at selling a product. It's usually more informative, and shows they are trying to be more of a positive force in the industry compared to a dominant one. Kudos on them if it is the intent, and I guess it would explain the choice of platform instead of investing time and assets in developing their own.
Re: Coinbase announces proposed direct listing
#63Slightly 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.
Perhaps true, but conversely you could also argue that the sheer number of scams and frauds in the Cryptocurrency space that had medium blogs might also put people off!
Re: Coinbase announces proposed direct listing
#64Re: Coinbase announces proposed direct listing
#65Don't forget - This company actively removed employees who were willing to stand up against societal ills.* *Yes I know this makes some people like them more.
From what I recall, it's more like they said they aren't going to take public stands on divisive political issues, and they offered generous separation packages to anyone who had a problem with that. No one was discouraged against getting politically active on their own time, and no one was "removed".
https://www.forbes.com/sites/rachelsandler/2020/10/08/60-emp...
As someone who has never lived in the bay area, it was kind of surreal to see employees expecting their company to get involved in amplifying their own personal political preferences. I've always been reasonably politically active, and had fairly liberal coworkers who, even if not politically active, at least believe similarly. I've always thought that work hours are for working though, and political activism has always seemed like more of an "after hours" activity.
It's nice when a company says they're in support of one thing or another, but it doesn't really mean anything without human boots on the ground willing to put in the work to make positive change happen. Corporate PR press releases always seemed really insincere anyway, so I don't get why people would be upset when some company decides that they're not going to do them.
Re: Coinbase announces proposed direct listing
#66Curious what the accounting rules are around their BTC on the balance sheet. Would be wild if they had to mark to market.
I don't think they hold much on their balance sheet, otherwise they wouldn't have needed multiple rounds of financing through 2018.
Re: Coinbase announces proposed direct listing
#67Earlier 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.
I don’t know what the alternative is are you in favour of propping up private companies and keeping this status quo? That’s alternative of free markets. Right now they aren’t free. AOC and Ben Shapiro of all people agree for once. This is a stage 7 brundlefly economic system.
"Free markets" are never perfectly free or even close to it. Only the writers of utopian libertarian science fiction think that.
The question is how you manage that lack of freedom and to whose benefit you try to manage it. I prefer it be managed towards the general stability of society. Of course it will be managed in an imperfect way but I prefer the goal be a stable society.
edit: The government intervening will never really make the market more free but it wasn't free to begin with (see robinhood today). So you lose a bit more freedom but you shift the benefit of the overall loss of freedom from "a bunch of rich people get richer" to "society as a whole get's richer and more stable." Not fully but a bit further.
Re: Coinbase announces proposed direct listing
#68Given the hype, the most likely scenario is a > 2X price spike in the first few minutes of trading regardless of the initial market cap ($100B+?). For those of us who believe that, what is the best strategy for purchasing shares ? It's doubtful brokers will allow market orders the previous night since the ticker might not yet exist, and if one places a market order during the first few minutes the cynic in me predicts a retail trader will get the worst deal.
Re: Coinbase announces proposed direct listing
#69Slightly 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?
Because a16z led funding rounds for both Coinbase and Medium.
Re: Coinbase announces proposed direct listing
#70What are the odds of this. The cofounder of reddit, Alexis Ohanian, owns a capital firm called Initialized Capital. That firm owns coinbase. https://blog.coinbase.com/coinbase-announces-proposed-direct...
This is literally an outright lie. Initialized Capital does not own Coinbase.