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>The marketplace should not of itself be valuable. If it is, its extraction of value for the goods/utility being traded. Due to regulatory capture Coinbase get
by logicchains 6y ago
>The marketplace should not of itself be valuable. If it is, its extraction of value for the goods/utility being traded.
Due to regulatory capture Coinbase gets away with charging literally 10x higher fees than international exchanges, as US regulations essentially ban Americans from trading on most of the popular international exchanges, so Coinbase has little competition.
- ggm 6y agoYea... that's a scaaaaam. Its not sustained value.
- runako 6y ago+1. I do think that a $100B public company engaging in the activity makes a really strong case for regulatory reform. I would expect it to be straightforward for other markets to add crypto for US residents once Coinbase goes public. I don't know that I would want to own Coinbase stock once CME/ICE/CBOE have crypto exchanges with lower fees. Coinbase could end up being the victim of its own success.
- uhhhhhhhhhhhhhh 6y agoVery American to bump prices for the sake of national identity lock-in.
- deleted 6y ago[deleted]