4 ms·

Obviously this was planned well in advance, but what a day to make this announcement.

by jaywalk 6y ago

MuffinFlavored 6y ago
How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them?
- meowkit 6y ago
  Not likely because the market makers will have to compete with DeFi on chain.
- deleted 6y ago
  [deleted]
- bdcravens 6y ago
  Coinbase has frozen trading of various cryptos before.
- blhack 6y ago
  They have already paused trading during periods of high turmoil. When bcash was announced, for instance. I think that actually set their standard for "open the market in 'post only' mode for a period before actually starting trading".
  - mxd3 6y ago
    The term "Bcash" is a social engineering attack against big blocks[0]. This attack has been so successful, the name still shows on Wikipedia[1]. [0] https://medium.com/@jonaldfyookball/why-some-people-call-bitcoin-cash-bcash-this-will-be-shocking-to-new-readers-956558da12fb https://medium.com/@jonaldfyookball/why-some-people-call-bit... [1] https://en.wikipedia.org/wiki/Bitcoin_Cash https://en.wikipedia.org/wiki/Bitcoin_Cash
    - blhack 6y ago
      Is it? Or is trying to call it """bitcoin"" cash an attempt to confuse potential users?
      - mxd3 6y ago
        Perhaps, if it wasn't a fork of Bitcoin. If was originally called Cash Coin and rebranded to Bitcoin Cash, then it would seem likely that group is trying to capitalize on the name. That's not the case here. This name came naturally, just like similar names occur in other forked software.[0] Bitcoin Cash came from a minority group (big blocks) in the Bitcoin community.[1] [0] https://en.wikipedia.org/wiki/LibreOffice https://en.wikipedia.org/wiki/LibreOffice [1] https://medium.com/hackernoon/the-great-bitcoin-scaling-debate-a-timeline-6108081dbada https://medium.com/hackernoon/the-great-bitcoin-scaling-deba...
      - dannyw 6y ago
        I think calling CAD the Canadian “”dollar”” is an attempt to confuse people! /s
- loceng 6y ago
  They'll just block all users from logging in when they see fit, continue to claim it's because their servers can't handle the load, in fact it's a weak cover story of them trying to prevent impulse selling when Bitcoin et al start skyrocketing - e.g. market manipulation; it's what, happened at least 4 times now?
- JohnJamesRambo 6y ago
  Coinbase isn’t the only game in town fortunately. Arbitrage and the decentralized nature of crypto makes it impossible to stop. RobinHood just removing the buy button hopefully opened some eyes today to how rigged the traditional system is. It is free market when it benefits the powers that be. When it goes awry, they are always bailed out. Bernie put it best today- “The business model of Wall Street is fraud.” Anyone that wants out of this system, come over with me to where the crypto is. It has its flaws, but not like this.
  - KMag 6y ago
    I want cryptocurrency to succeed long-term, and it has some genuine advantages (and some wrinkles to be ironed-out long-term), but protection from the puppet master cabal secretly pulling the strings of high finance isn't one of them. There are much more mundane explanations for Robinhood's actions[0][1] than a high-finance cabal hiding in plain sight. Is there some institutional conspiracy theory version of Hanlon's razor, something like "Never ascribe to a secret cabal that which is ascribable to finite resources and inflexible regulations"? Disclosure: currently short to the puppet master lizard people cabal from Nibiru a double-touch knockout option on my soul ;-) [0] https://www.vice.com/en/article/wx8bpx/experts-say-robinhood-gamestop-fiasco-likely-caused-by-lack-of-cash https://www.vice.com/en/article/wx8bpx/experts-say-robinhood... [1] https://news.ycombinator.com/item?id=25950685 https://news.ycombinator.com/item?id=25950685
    - Eliezer 6y ago
      Hanlon's Electric Shaver: Never attribute to conspiracy what can be attributed to locally bad incentives.
- vivab0rg 6y ago
  > How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them? Plot twist: they already have, and worse. Check the historic BCH fiasco.
llampx 6y ago
I wonder if they would have blocked the purchase of Dog coin
- CryptoBanker 6y ago
  Doge Coin?
- astrange 6y ago
  Coinbase fiendishly doesn’t carry Dogecoin in the first place.

Obviously this was planned well in advance, but what a day to make this announcement.

MuffinFlavored 6y ago

How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them?

meowkit 6y ago
Not likely because the market makers will have to compete with DeFi on chain.
deleted 6y ago
[deleted]
bdcravens 6y ago
Coinbase has frozen trading of various cryptos before.
blhack 6y ago
They have already paused trading during periods of high turmoil. When bcash was announced, for instance. I think that actually set their standard for "open the market in 'post only' mode for a period before actually starting trading".
- mxd3 6y ago
  The term "Bcash" is a social engineering attack against big blocks[0]. This attack has been so successful, the name still shows on Wikipedia[1]. [0] https://medium.com/@jonaldfyookball/why-some-people-call-bitcoin-cash-bcash-this-will-be-shocking-to-new-readers-956558da12fb https://medium.com/@jonaldfyookball/why-some-people-call-bit... [1] https://en.wikipedia.org/wiki/Bitcoin_Cash https://en.wikipedia.org/wiki/Bitcoin_Cash
  - blhack 6y ago
    Is it? Or is trying to call it """bitcoin"" cash an attempt to confuse potential users?
    - mxd3 6y ago
      Perhaps, if it wasn't a fork of Bitcoin. If was originally called Cash Coin and rebranded to Bitcoin Cash, then it would seem likely that group is trying to capitalize on the name. That's not the case here. This name came naturally, just like similar names occur in other forked software.[0] Bitcoin Cash came from a minority group (big blocks) in the Bitcoin community.[1] [0] https://en.wikipedia.org/wiki/LibreOffice https://en.wikipedia.org/wiki/LibreOffice [1] https://medium.com/hackernoon/the-great-bitcoin-scaling-debate-a-timeline-6108081dbada https://medium.com/hackernoon/the-great-bitcoin-scaling-deba...
    - dannyw 6y ago
      I think calling CAD the Canadian “”dollar”” is an attempt to confuse people! /s
loceng 6y ago
They'll just block all users from logging in when they see fit, continue to claim it's because their servers can't handle the load, in fact it's a weak cover story of them trying to prevent impulse selling when Bitcoin et al start skyrocketing - e.g. market manipulation; it's what, happened at least 4 times now?
JohnJamesRambo 6y ago
Coinbase isn’t the only game in town fortunately. Arbitrage and the decentralized nature of crypto makes it impossible to stop. RobinHood just removing the buy button hopefully opened some eyes today to how rigged the traditional system is. It is free market when it benefits the powers that be. When it goes awry, they are always bailed out. Bernie put it best today- “The business model of Wall Street is fraud.” Anyone that wants out of this system, come over with me to where the crypto is. It has its flaws, but not like this.
- KMag 6y ago
  I want cryptocurrency to succeed long-term, and it has some genuine advantages (and some wrinkles to be ironed-out long-term), but protection from the puppet master cabal secretly pulling the strings of high finance isn't one of them. There are much more mundane explanations for Robinhood's actions[0][1] than a high-finance cabal hiding in plain sight. Is there some institutional conspiracy theory version of Hanlon's razor, something like "Never ascribe to a secret cabal that which is ascribable to finite resources and inflexible regulations"? Disclosure: currently short to the puppet master lizard people cabal from Nibiru a double-touch knockout option on my soul ;-) [0] https://www.vice.com/en/article/wx8bpx/experts-say-robinhood-gamestop-fiasco-likely-caused-by-lack-of-cash https://www.vice.com/en/article/wx8bpx/experts-say-robinhood... [1] https://news.ycombinator.com/item?id=25950685 https://news.ycombinator.com/item?id=25950685
  - Eliezer 6y ago
    Hanlon's Electric Shaver: Never attribute to conspiracy what can be attributed to locally bad incentives.
vivab0rg 6y ago
> How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them? Plot twist: they already have, and worse. Check the historic BCH fiasco.

llampx 6y ago

I wonder if they would have blocked the purchase of Dog coin

CryptoBanker 6y ago
Doge Coin?
astrange 6y ago
Coinbase fiendishly doesn’t carry Dogecoin in the first place.