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this move by coinbase will prompt the gov to regulate trading cryptocurrency, which will lead to further legitimization of cryptocurrency..

• hendzen 9y ago
  so what you're telling me... is that this is good for Bitcoin?
  • pmorici 9y ago
    Cash
  • maram 9y ago
    I'm telling you that this is good for legitimizing cryptocurrency and its trading overall. And when when so many people start to perceive cryptocurrency as a legitimate currency, the price will eventually go up for bitcoin. This is an early stage mainstream...
    • spookthesunset 9y ago
      > And when when so many people start to perceive cryptocurrency as a legitimate currency, the price will eventually go up for bitcoin. Bitcoin doesn't work as a currency. It's slow, expensive and can never ever scale to handle even the needs of a small town. > This is an early stage mainstream... Keep dreaming.
      • maram 9y ago
        >Bitcoin doesn't work as a currency No cryptocurrency is working as a currency today. >Keep dreaming. its not functioning as a currency..no cryptocurrency's has a stable intrinsic value because not many people are using it as a currency YET. Everyone is trading cryptocurrencies, and it will continue like that to attract more people. the price will be stable when: 1. people outside the tech real start using it as a currency to buy stuff with (not to cash it) 2. the technology is still so expensive. its like the internet and hotmail back in 1996..you can argue whether it was a mainstream or an early stage mainstream..it all depends on your "perception"
        • spookthesunset 9y ago
          It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. Lets not even forget that bitcoin is 9 years old. If it was gonna catch on, it already would have. The only way it has "caught on" is a pump & dump get rich quick scheme.
          • ddnb 9y ago
            > It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. That doesn't matter does it, I remember seeing a TV show interviewing random people on the street 20 years ago asking what they thought about cell-phones. Everyone said they don't see a future for this new gadget, they have a phone at home and can call anyone whenever they want, they don't want to be disturbed at anytime and everywhere. Cell phones were perceived as more of a nuissance than solving a real world problem, the existing infrastructure worked fine for 99% of all users.
          • dukeflukem 9y ago
            It has advantages. You can send/receive unlimited amounts of money without some third party deciding to block or reverse the transaction. It is a single currency for the world. It can't be hyperinflated.
            • saiya-jin 9y ago
              and why not ETH? or any other altcoin? I don't understand what's so special about BTC specifically these days