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I don't plan to buy Coinbase stock, so in that sense it doesn't matter to me at all. But I'm pretty sure Coinbase's customers care. I doubt anyone would want th
by modeless 6y ago
I don't plan to buy Coinbase stock, so in that sense it doesn't matter to me at all. But I'm pretty sure Coinbase's customers care. I doubt anyone would want them to trade exclusively as a token, but maybe they could do some shares on Nasdaq and some in token form. If anyone would figure out the regulatory hurdles for that, it's Coinbase. Their whole business model is being the most regulated and rule-following bridge between traditional finance and cryptocurrencies.
- vmception 6y agoWhich is exactly why there is no product market fit for that. Nobody wants to use that, a couple ideological enthusiasts want to see it being pursued, but nobody actually wants this. Just because you can doesn't mean you should.
- modeless 6y agoI mean, that criticism applies equally well to the whole crypto market. If you don't like their business, that's fine. But their customers disagree with you.
- vmception 6y agoNo, it doesn't. The crypto markets have plenty of rivals to coinbase that are purely software contraptions with no entity incorporated around them. the distinction is that there are securities tokens exchanges, they're empty due to the aforementioned problems. T-Zero, Patrick Byrne, Overstock. There is nothing to prove. You projecting on their customers offering nothing to Coinbase except a "huh, how about that" is not worth doing. Shareholders won't care, customers won't care, nobody will use.