3 ms·
Coinbase will make a lot on their staking products, I can see huge growth there! I am surprised by this multiple but I can see it, as the law of diminishing re
by vmception 6y ago
Coinbase will make a lot on their staking products, I can see huge growth there!
I am surprised by this multiple but I can see it, as the law of diminishing returns has not set in and won't for a while.
Pretty much all aspects of this require growth in other parts of the market to support, but they are all things I agree with.
For example, Coinbase should be allowing people to pool their REN to run hosted darknodes - darknodes function as a progressively more trustless exchange letting people move assets across blockchains. Coinbase already lists REN. Taking a cut of that as the volume grows there will essentially allow Coinbase to double dip. They get the transaction fees when people trade, move funds off of their exchange, and a cut when people move funds to other blockchains through RenVM, which will be a many-to-many relationship. The Forex market does several trillion $ a day in trades, so another mere order of magnitude in growth of the crypto economy would support the growth of all the infrastructure projects inside of the economy.