Today I've made the difficult decision to reduce the size of Coinbase by ~14%

Post by FireBeyond » Tue, May 05, 2026, 9:06 PM UTC

draftsman wrote: post #91

cloche wrote: post #87

Earlier quoted context omitted.

> Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their biology. Player-coach used to be a thing in professional sports a long, long time ago. There's a reason you don't have it anymore. A coach can't be expected to take the long-term view while also…

Your comment reminded me that this still happens in the NBA. At 43 years old, Udonis Haslem seldom played minutes towards the end of his 20 year career with the Heat. But they kept him on as a “player-coach,” in that he was a mentor to the younger players and assisted in their coaching. Kyle Lowry is another current example of this “player-coach” role, currently on the Sixers.

Post by nly » Tue, May 05, 2026, 9:07 PM UTC

gip wrote: post #140

nikcub wrote: post #127

Earlier quoted context omitted.

They're so tied to crypto that i'm surprised they haven't been tempted to diversify into other asset classes, or even yolo into prediction markets like robinhood did. It would be slop, but the market would love it

Very curious why they haven’t diversified into real world assets. It seems like an obvious move, even if the margins would be lower than their fee business (~85% margins!!). They’ve added tokens and altcoins to the platform, but I don’t think that’s a particularly strong long-term bet.

Post by mothballed » Tue, May 05, 2026, 9:09 PM UTC

nly wrote: post #163

gip wrote: post #140

Earlier quoted context omitted.

Very curious why they haven’t diversified into real world assets. It seems like an obvious move, even if the margins would be lower than their fee business (~85% margins!!). They’ve added tokens and altcoins to the platform, but I don’t think that’s a particularly strong long-term bet.

Because real world assets are heavily regulated and regulation has costs. The competition is also stiff with decades of experience and network effects The truth is these crypto shops have a pretty poor reputation in the traditional finance industry. Nobody in trading tech goes to work for them unless they offer insane salaries, because they (we) know it's an unstable place to be.

Post by KellyCriterion » Tue, May 05, 2026, 9:16 PM UTC

paulbjensen wrote: post #128

3 years ago they were touting NFTs as the next big thing. Today, not a single mention in that email. I can't help but feel that there is a superficial chasing of trends at play here (adopting the same playbook that Block used earlier). Question is, where will we all be in 3 years from now?

Post by nly » Tue, May 05, 2026, 9:16 PM UTC

mothballed wrote: post #165

nly wrote: post #163

Earlier quoted context omitted.

Because real world assets are heavily regulated and regulation has costs. The competition is also stiff with decades of experience and network effects The truth is these crypto shops have a pretty poor reputation in the traditional finance industry. Nobody in trading tech goes to work for them unless they offer insane salaries, because they (we) know it's an unstable place to be.

It's going the opposite direction. Those offering real world and tradfi assets are moving into the crypto space. That is going to eat Coinbase's lunch. The worst part of using something like Coinbase is having to do yet another bank transfer, waiting for it to clear, doing KYC/AML yet again, etc etc for what most people is just to buy one or two single asset (BTC or maybe ETH probably). Instead just click buy in Robi…