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I'm not quite sure why this is trending, as it feels more than a bit like conspiracy mongering: "one of the world’s most popular and reputable exchanges is borr
by envy2 9y ago
I'm not quite sure why this is trending, as it feels more than a bit like conspiracy mongering: "one of the world’s most popular and reputable exchanges is borrowing money from consumers (without their permission) to stave off a liquidity crisis."
Really? Payment processor troubles and an increase in complaints, especially amidst rapid growth and volatility combined with growing interest in cryptocurrencies from largely uniformed consumers, doesn't obviously strike me as a sign of malicious behaviour. Lots of weighty allegations, but no real evidence. All legitimate signs I've seen point to Coinbase being one of the only reputable and law-abiding exchanges in the business, with recent backing from major VCs and banks who would not abide by the type of shadiness this blogger suggests.
(I say this as someone with no skin in the game: I have no ties to any cryptocurrency businesses, and possess a grand total of 0.073 BTC.)