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If companies like Coinbase, which live and die by the health of the Bitcoin ecosystem, have taken so much capital, why can they not solve this problem by spendi
by look_lookatme 11y ago
If companies like Coinbase, which live and die by the health of the Bitcoin ecosystem, have taken so much capital, why can they not solve this problem by spending money to shore up the health of bitcoin ecosystem (I assume this requires adding processing power)?
I don't know anything about Bitcoin, so maybe it's just unfeasible.
- al_chemist 11y agoThis is the paradox. Coinbase does not gain anything if bitcoin gets better. Their business is "we make bitcoin use easier". If both users are Coinbase customers, their transaction is done outside of blockchain. Their goal is to have more users and wonky or slow transactions outside of their servers helps them.
- thescriptkiddie 11y agoThey are. Coinbase has several bitcoin devs on their payroll, and they have thrown their support behind a scaling plan that includes bigger blocks.
- nullc 11y agoIf they do, these parties are not disclosing it AFAIK.
- look_lookatme 11y agoWow why am I being downvoted?