> profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with a loss of $557 million, or $2.46 per share, a year ago.
That’s an $830M increase(!) in revenue in one year
How is that possible?
Coinbase swings to profit on interest income strength
21–30 of 33 posts
Re: Coinbase swings to profit on interest income strength
#22[dead]
Re: Coinbase swings to profit on interest income strength
#23Re: Coinbase swings to profit on interest income strength
#24Re: Coinbase swings to profit on interest income strength
#25Earlier quoted context omitted.
Literally nobody wants this. You guys had 15 years.
Meanwhile AI is moving mountains and taking everyone's breath away. Crypto is a waste of GPUs.
I disagree, outside of tech, I don't think many people are excited about AI. The public perception is primarily negative: now, threatens my reality (deepfakes), soon, threatens my job, long-term, threatens humanity (i.e. SkyNet)
Re: Coinbase swings to profit on interest income strength
#26your financial future will be on the blockchain. trustless, programmable money
Literally nobody wants this. You guys had 15 years.
In the past 30 years, basic financial transactions (buying groceries, a meal, a movie ticket, etc) have shifted from (my estimate) probably 90% physical (cash and checks) to 90% electronic (cards, apps, EFT, Paypal), and most consumers prefer the new methods.
Some rough edges need to be worked out, but I would not be surprised at all if over the next 15 years, a decent number of companies start paying employees via stablecoin. And once that transition happens, it's not much of a leap to allow employees to decide whether they wish to be paid in a dollar-pegged currency or something else entirely.
Re: Coinbase swings to profit on interest income strength
#27> profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with a loss of $557 million, or $2.46 per share, a year ago. That’s an $830M increase(!) in revenue in one year How is that possible?
BTC go up and COIN has many BTC.
Re: Coinbase swings to profit on interest income strength
#28Earlier quoted context omitted.
If there were free mansions on the Moon and you could breathe its atmosphere of Chanel Five perfume while eating delicious aphrodisiac figs grown in the fertile lunar soil, surely by now you would be doing that rather than still sitting in your miserable Earth home. Just a few practical details to sort out.
Sitting here memorizing this comment so I can use it later.
Yes study it for further generations as it furthers our understanding of nothing...
Re: Coinbase swings to profit on interest income strength
#29Earlier quoted context omitted.
Bitcoin miners are far more savvy about the economics of running GPU/ASIC computation than every single AI startup. The miners figured out and perfected this kind of compute over a decade ago and are chomping at the bit to purchase high-end GPUs at firesale prices when these AI startups fail. Also, most people outside of the tech bubble don't give a shit about AI and think it's a novelty, especially when they're stru…
I am firmly in the tech bubble and think AI is a novelty in its present state. ChatGPT is a fucking idiot. That said, so is everyone who thinks cryptobros are "trying to fix money". They're trying to fix the problem of themselves not having your money yet.
So we should stay at status quo, with governments stealing from regular people because they control money supply? Same would have happened if we listened to our Nobel laureate Krugman poo-pooing internet at early stages and comparing internet to better faxing? You don't propose an alternative but say crypto no good because I say so.
Simple advice bolster your argument with something concrete rather than pointless statements you invented on the spot.
Re: Coinbase swings to profit on interest income strength
#30Earlier quoted context omitted.
Literally nobody wants this. You guys had 15 years.
In the past 30 years, basic financial transactions (buying groceries, a meal, a movie ticket, etc) have shifted from (my estimate) probably 90% physical (cash and checks) to 90% electronic (cards, apps, EFT, Paypal), and most consumers prefer the new methods. Some rough edges need to be worked out, but I would not be surprised at all if over the next 15 years, a decent number of companies start paying employees via s…
I’ll take the other side of this bet