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Coinbase and the Widespread Adoption of Cryptocurrency

melewi.net

21–25 of 25 posts

Re: Coinbase and the Widespread Adoption of Cryptocurrency

#21
post #7

Why is this guy shilling so hard for Coinbase? Is there a conflict of interest disclaimer I missed in this post?

Coinbase is the most user-friendly crypto exchange for non-technical users. It more closely resembles an online banking experience that most people are used to. On this point, I have to agree with the author.

This is sort of a question independent of that. The enthusiastic praise reeks of a potential conflict and I was hoping someone might have dug into it already.

And Coinbase is far from spotless. They have a track record of doing sh*tty things to their customers that you can piece together with a simple HN search. They might be the least bad option, but that truth is not nearly as ringing an endorsement as the content of the linked article.

Re: Coinbase and the Widespread Adoption of Cryptocurrency

#22
post #2

The countdown to Coinbase getting acquired has already started. Now it's just a matter of when it will happen and which of the tech giants will end-up owning it.

I'm an extreme skeptic on crypto, I'm not sure it's really useful for anything. But it seems to me that if anyone did want to buy this company it would be an old-line financial institution.

Re: Coinbase and the Widespread Adoption of Cryptocurrency

#23
post #12

Earlier quoted context omitted.

aka Crime (for the most part)

Silk Road has been gone for a long time. At this point I would guess that 75% of the volume of BTC movement is from speculators. That's probably conservative.

Money laundering, ransomware, election meddling.

Re: Coinbase and the Widespread Adoption of Cryptocurrency

#25
post #8

> A quick Google search will reveal hundreds of unanswered support requests, API problems, and some shady internal business practices. Ugh, please don't blog like this, hyperlinks exist for a reason. Each of the noun phrases composing the object of this sentence could have been a link. What Google tells you today won't be what Google tells you a year from now.

What Google tells you and what Google tells me also differs, another reason to not treat "a Google search" as immutable and ubiquitous.
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