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Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
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This is always how it works. Institutionals always get first dibs (and the middle, and the last)
Not with a direct listing. Coinbase shares would be subject to an auction and the market for them will open at the price where supply meets demand.
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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 n…
LOL Isn't the whole point of cryptocurrency to produce an alternative to the current financial system? Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
How much money would Coinbase have, if instead of building the company they had just bought Bitcoin back in 2012 with their seed money?
I think it had dropped to about $7.50 around then.
LOL Isn't the whole point of cryptocurrency to produce an alternative to the current financial system? Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
Earlier quoted context omitted.
How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them?
They have already paused trading during periods of high turmoil. When bcash was announced, for instance. I think that actually set their standard for "open the market in 'post only' mode for a period before actually starting trading".
[0] https://medium.com/@jonaldfyookball/why-some-people-call-bit... [1] https://en.wikipedia.org/wiki/Bitcoin_Cash
If BTC and ETH are just a replacement for visa and mastercard, they've done a good job, in that they've driven visa and mastercard to be so fast and cheap that it's essentially impossible for any blockchain based solution to be faster or cheaper per transaction.
Heck, my visa card pays me 0.3% nowadays.
So what's the purpose of crypto if it's centralized by a company like coinbase that's regulated by the SEC and all other US law ?
I'm not trying to be a crazy anarcho libertarian here, I'm just saying that the only person for which crypto makes sense is fundamentally, in this day and age, and anarchist or libertarian, or both.
But either of those are not holding crypto with a company that wants to be listed on a public us exchange... so who is !?
LOL Isn't the whole point of cryptocurrency to produce an alternative to the current financial system? Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
Yup but coinbase and binance regularly stop trading to stop pumps in the crypto market. The thing is in crypto there’s DEXs and DEFI. Coinbase and binance are doomed long term. If you haven’t look into uniswap and 1inch.
Coinbase can be the next Robinhood. It will be much better if the crypto community moved to decentralized exchanges like Bisq.