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1) Wallstreet is pretty corrupt, so getting them to help you with trust issues is odd to me. I get that Wallstreet has "legitimacy credentials", so that you wil
by socrates1998 9y ago
1) Wallstreet is pretty corrupt, so getting them to help you with trust issues is odd to me. I get that Wallstreet has "legitimacy credentials", so that you will get more old money and institutions investing in you if they saw it's safe.
I completely disagree with that. Wallstreet and big banks have lost trillions of dollars investing in "Safe" stuff before.
2) Coinbase needs to make sure they deliver what they say they can deliver. No hacking. No delivery issues. Minor to none technical issues.
That's how you build trust long term. Honestly, Wallstreet won't matter if your goal is to be around in 10 or 20 years.
3) This brings me to my last point, if you really are trying to do this thing long term, why would even care about Wallstreet? Asking them for help just screams to me, "We want to make a shit ton of money right now before everything falls apart"
I am seriously worried about the large exchanges ability to handle the amount and size of the transactions. Especially the growth.
- lucozade 9y ago> why would even care about Wallstreet? > I am seriously worried about the large exchanges ability to handle the amount and size of the transactions. One approach to solving hard problems is to enlist the help of people who have a great deal of experience in solving the same hard problems. You don't have to, of course. It's possible that having a table tennis table is sufficient to help one muddle on through. But it sounds like Coinbase are taking a more pragmatic path. In the circumstances, that's probably prudent. Unfortunate but prudent.