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Armstrong is pretty anti-bitcoin and anti core and pro Ethereum and bitcoin cash. Most likely they will invest in alt coins companies.

by r32a_ 9y ago

XR0CSWV3h3kZWg 9y ago
Who?
- JeremyBanks 9y ago
  Brian Armstrong is the co-founder and CEO of Coinbase.
- needToSay 9y ago
  Just another cis SV shitcoiner
smaili 9y ago
source(s)?
- r32a_ 9y ago
  Follow him on Twitter, it's pretty obvious by looking at the things he likes on there. Just today he liked some non sense that Roger Ver posted. Coinbase also wanted bigger blocks. In an interview with bloomberg (https://www.bloomberg.com/news/videos/2017-12-07/coinbase-ceo-on-crypto-surge-bitcoin-futures-irs-video https://www.bloomberg.com/news/videos/2017-12-07/coinbase-ce...), he didn't say that he thinks Eth is better but it's obvious that they are more bullish towards Eth. They have also built Toshi, a Dapp store for Eth. Coinbase has become a giant on the back of the work of Bitcoin Core developers and will continue to do so however, they have given NOTHING back to Bitcoin Core. Not a single BIP, they don't sponsor any core developers and they are not helping at all with Lightening Network. It's very easy for them to sit back and complain about the state of Bitcoin, but Bitcoin is an open source project and they have the money to invest some money into Bitcoin core to improve it. But they rather prefer to pump shit coins and engage in insider trading. In my opinion Armstrong doesn't care about Bitcoin, they are short sighted and don't believe in the long term vision of Bitcoin.
  - atomical 9y ago
    The Bitcoin community in general is very toxic and unsavory. That's probably why they aren't funding them.
    - charlesdm 9y ago
      If you compare core to the Ethereum community then it really is a world of difference. They both have their problems, but from a development point of view, one tends to be open and embracing of changes, and the other one is often hostile and inflexible.
      - r32a_ 9y ago
        Short sighted. How will Eth survive without Vitalik? Bitcoin has already passed that test.
    - r32a_ 9y ago
      The DAO
  - iso-8859-1 9y ago
    > not helping at all with Lightening Network. wrong, look here, jimpo is working for coinbase: https://github.com/lightningnetwork/lnd/graphs/contributors https://github.com/lightningnetwork/lnd/graphs/contributors
    - r32a_ 9y ago
      I didnt know this. thanks
- uncletammy 9y ago
  I wouldn't say he's anti Bitcoin but I would say he's anti core. He's been paying attention to core's intentional failure to scale since the early days of the block size debate. Here's an article where he's trying to get support for non-core clients. https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf https://blog.coinbase.com/what-happened-at-the-satoshi-round...
  - charlesdm 9y ago
    It's hard not to be anti core, given the time they've taken to actually make changes to.. anything. A decentralised store of wealth will probably end up working, but a decentralised governance model (unless the software is mostly finished) poses significant challenges.
    - r32a_ 9y ago
      It's about aligning your expectations. Do you know how the Bitcoin Core operates? They are extremely conservative. If you want Move fast and break things, then Bitcoin is not for you.
austenallred 9y ago
I don’t know if calling Armstrong “anti-bitcoin” is fair...
- r32a_ 9y ago
  They have invested much more in alt coins than they have in Bitcoin.
  - dannyw 9y ago
    This is relevant because?
    - charlesdm 9y ago
      Because R32a_ wants Bitcoin but not Ethereum to go up.
      - r32a_ 9y ago
        I don't want bitcoin to go up, because it attracts the wrong type of people. Bitcoin should go up when the technology is ready to handle the increase in demand. As it stands right now it's not ready yet. If people want to store their investments into a much more centralised crypto currency like Eth then they can go ahead. not my problem. I also hear Ripple is pretty good at handling massive scale, same with Doge coin.
eco 9y ago
Coinbase only supported Bitcoin Cash support after some backlash. They'd previously announced (pre-fork) they would not be supporting it and that you should withdraw your Bitcoin if you wanted access to the forked currency post-fork. Did Armstrong publicly change his mind?
- r32a_ 9y ago
  They could have handled it much better. It was very pathetic for a multi billion dollar company. Also Coinbase has stated that they want bigger blocks. They have not contributed at all to the development of 2nd layer scaling like LN. They also took too long to finally adopt Segwit. For Coinbase, it's much easier to increase the blocks. This means they don't have to invest in their own Bitcoin infrastructure to make it more efficient.
  - pshc 9y ago
    Coinbase is now contributing to solutions like LN: https://blog.coinbase.com/introducing-the-coinbase-protocol-team-3bc1e9a63614 https://blog.coinbase.com/introducing-the-coinbase-protocol-...
    - iso-8859-1 9y ago
      some actual results: jimpo is working at coinbase: https://github.com/lightningnetwork/lnd/graphs/contributors https://github.com/lightningnetwork/lnd/graphs/contributors
return0 9y ago
This thing is exactly why i want this endeavor to fail. I don't know who the guy is but it seems like an attempt from an SV millionaire to capture the future cryptomarket value (SV has already captured the entry gates with coinbase, it seems). I thought cryptocoins were not about being territorial. They 'd better use their energy to create easy to use crypto solutions for commerce / websites.

Armstrong is pretty anti-bitcoin and anti core and pro Ethereum and bitcoin cash. Most likely they will invest in alt coins companies.

by r32a_ 9y ago

Armstrong is pretty anti-bitcoin and anti core and pro Ethereum and bitcoin cash. Most likely they will invest in alt coins companies.

XR0CSWV3h3kZWg 9y ago

Who?

JeremyBanks 9y ago
Brian Armstrong is the co-founder and CEO of Coinbase.
needToSay 9y ago
Just another cis SV shitcoiner

smaili 9y ago

source(s)?

r32a_ 9y ago
Follow him on Twitter, it's pretty obvious by looking at the things he likes on there. Just today he liked some non sense that Roger Ver posted. Coinbase also wanted bigger blocks. In an interview with bloomberg (https://www.bloomberg.com/news/videos/2017-12-07/coinbase-ceo-on-crypto-surge-bitcoin-futures-irs-video https://www.bloomberg.com/news/videos/2017-12-07/coinbase-ce...), he didn't say that he thinks Eth is better but it's obvious that they are more bullish towards Eth. They have also built Toshi, a Dapp store for Eth. Coinbase has become a giant on the back of the work of Bitcoin Core developers and will continue to do so however, they have given NOTHING back to Bitcoin Core. Not a single BIP, they don't sponsor any core developers and they are not helping at all with Lightening Network. It's very easy for them to sit back and complain about the state of Bitcoin, but Bitcoin is an open source project and they have the money to invest some money into Bitcoin core to improve it. But they rather prefer to pump shit coins and engage in insider trading. In my opinion Armstrong doesn't care about Bitcoin, they are short sighted and don't believe in the long term vision of Bitcoin.
- atomical 9y ago
  The Bitcoin community in general is very toxic and unsavory. That's probably why they aren't funding them.
  - charlesdm 9y ago
    If you compare core to the Ethereum community then it really is a world of difference. They both have their problems, but from a development point of view, one tends to be open and embracing of changes, and the other one is often hostile and inflexible.
    - r32a_ 9y ago
      Short sighted. How will Eth survive without Vitalik? Bitcoin has already passed that test.
  - r32a_ 9y ago
    The DAO
- iso-8859-1 9y ago
  > not helping at all with Lightening Network. wrong, look here, jimpo is working for coinbase: https://github.com/lightningnetwork/lnd/graphs/contributors https://github.com/lightningnetwork/lnd/graphs/contributors
  - r32a_ 9y ago
    I didnt know this. thanks
uncletammy 9y ago
I wouldn't say he's anti Bitcoin but I would say he's anti core. He's been paying attention to core's intentional failure to scale since the early days of the block size debate. Here's an article where he's trying to get support for non-core clients. https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf https://blog.coinbase.com/what-happened-at-the-satoshi-round...
- charlesdm 9y ago
  It's hard not to be anti core, given the time they've taken to actually make changes to.. anything. A decentralised store of wealth will probably end up working, but a decentralised governance model (unless the software is mostly finished) poses significant challenges.
  - r32a_ 9y ago
    It's about aligning your expectations. Do you know how the Bitcoin Core operates? They are extremely conservative. If you want Move fast and break things, then Bitcoin is not for you.

austenallred 9y ago

I don’t know if calling Armstrong “anti-bitcoin” is fair...

r32a_ 9y ago
They have invested much more in alt coins than they have in Bitcoin.
- dannyw 9y ago
  This is relevant because?
  - charlesdm 9y ago
    Because R32a_ wants Bitcoin but not Ethereum to go up.
    - r32a_ 9y ago
      I don't want bitcoin to go up, because it attracts the wrong type of people. Bitcoin should go up when the technology is ready to handle the increase in demand. As it stands right now it's not ready yet. If people want to store their investments into a much more centralised crypto currency like Eth then they can go ahead. not my problem. I also hear Ripple is pretty good at handling massive scale, same with Doge coin.

eco 9y ago

Coinbase only supported Bitcoin Cash support after some backlash. They'd previously announced (pre-fork) they would not be supporting it and that you should withdraw your Bitcoin if you wanted access to the forked currency post-fork. Did Armstrong publicly change his mind?

r32a_ 9y ago
They could have handled it much better. It was very pathetic for a multi billion dollar company. Also Coinbase has stated that they want bigger blocks. They have not contributed at all to the development of 2nd layer scaling like LN. They also took too long to finally adopt Segwit. For Coinbase, it's much easier to increase the blocks. This means they don't have to invest in their own Bitcoin infrastructure to make it more efficient.
- pshc 9y ago
  Coinbase is now contributing to solutions like LN: https://blog.coinbase.com/introducing-the-coinbase-protocol-team-3bc1e9a63614 https://blog.coinbase.com/introducing-the-coinbase-protocol-...
  - iso-8859-1 9y ago
    some actual results: jimpo is working at coinbase: https://github.com/lightningnetwork/lnd/graphs/contributors https://github.com/lightningnetwork/lnd/graphs/contributors

return0 9y ago

This thing is exactly why i want this endeavor to fail. I don't know who the guy is but it seems like an attempt from an SV millionaire to capture the future cryptomarket value (SV has already captured the entry gates with coinbase, it seems). I thought cryptocoins were not about being territorial. They 'd better use their energy to create easy to use crypto solutions for commerce / websites.