>But there are questions about Coinbase's commitment to racial justice. Concern troll political hit-piece.
Why did you take this out of context? Post the whole paragraph.
Coinbase targets financially vulnerable young adults
81–90 of 167 posts
Re: Coinbase targets financially vulnerable young adults
#82These ads really are deeply cynical. "The whole system is fucked, but if you're lucky, you can win enough of other people's money on the crypto lottery that you'll be able to escape it"
Crypto is not zero sum since new value is created.
> Crypto is not zero sum since new value is created.
I'll bite, because I struggle to find people who think this. What value is created?
Re: Coinbase targets financially vulnerable young adults
#83... as opposed to targeting only "qualified investors", thereby shutting out the vast majority of interested parties from participating? Yes, it's risky. That doesn't mean it should be restricted only to the wealthy.
No, as opposed to not marketing into financial anxiety
Re: Coinbase targets financially vulnerable young adults
#84Earlier quoted context omitted.
> and hedge against inflation is not one of them BTC lost value through the great inflation and is only gaining value today now that inflation is down to 3%. Sounds like a pretty bad hedge against inflation. People need to stop repeating this lie. EDIT: If people need an inflation hedge, buy i-bonds first, and then TIPS after you max out. These are indexed against CPI, so the more inflation happens the more i-bonds/T…
You act like BTC is only available in the US.
People saying "inflation hedge" are at a minimum, English speakers, and secondly, are likely Americans who were concerned about the 9%+ inflation of a year or two ago.
Alternatively, maybe they're British but the great inflation affected both sides of the Atlantic. Then again, Coinbase is an American company providing American services, so I think its safe to say that this topic is American focused.
Re: Coinbase targets financially vulnerable young adults
#85coinbase made me a lot of money last cycle. don't play a pvp game for money if you don't have an edge.
My edge: the Fed's discretion
Re: Coinbase targets financially vulnerable young adults
#86Re: Coinbase targets financially vulnerable young adults
#87> The ad identifies real issues in the modern economy around college debt, housing affordability, and the rising cost of raising a family. Maybe just focus on fixing the actual problems? How is this any different from Army recruiting? Or Draftkings ads on every sport channel? Or medical ads? Or insurance ads? Or basically everything marketing?
Its literally the first thing you learn in sales (watching the wolf of wallstreet): create a problem - sell the solution.
Even better, sell something that is perceived to be a solution and the problem keeps existing. Ideally that then creates a new problem. See for example "Torches of Freedom".
Re: Coinbase targets financially vulnerable young adults
#88Earlier quoted context omitted.
You act like BTC is only available in the US.
Anti-crypto people these days have to do a lot of mental gymnastics to avoid the truth that Bitcoin (now called Bitcoin Cash) has worked perfectly for over a decade with almost no downside if you just buy slowly over time and hold/spend. Bitcoin Cash works great and has for over ten years.
Bitcoin Cash as a standalone thing has been around for a bit over six years, not over ten.
Re: Coinbase targets financially vulnerable young adults
#89Earlier quoted context omitted.
The publication seems biased to a certain political persuasion.
being biased against racism and authoritarianism is good
Calling Trump an authoritarianism when it was Biden that tried to coerce people to take a novel medical treatment or face losing their job, a fundamental violation of medical ethics.
Re: Coinbase targets financially vulnerable young adults
#90Earlier quoted context omitted.
A history of bitcoin capturing orders of magnitude more value over basically any 4 year period, yea, the records pretty good for an emerging money.
That doesn’t mean it will continue to rise in the future. It also isn’t tied to anything outside of these very expensive exchanges. I can’t use bitcoin to buy a candy bar or pay someone to fix my toilet. Nor is there intrinsic worth to it.
Value is subjective, not intrinsic. It is guarenteed to rise like everything else of limited supply; the value of fiat currencies must necessarily decrease over time in their operation, because the base monetary unit can only be issued as credit which must be paid back at interest. Were the value of fiat currencies to increase in any meaningful sense, it will result in widespread defaults in the banking sector.