> with the same single point of failure issues Well, with different issues. FDIC insurance is probably better than whatever Coinbase has. You are also open to

> with the same single point of failure issues Well, with different issues. FDIC insurance is probably better than whatever Coinbase has. You are also open to technical f-ups on Coinbase's end, which can move the price down if they are bad enough. On the other hand, Coinbase cannot print BTC. This characteristic is what draws a lot of people to Bitcoin, beyond just "nobody can take my keys". Agree it's a false equivalency, disagree that holding BTC in Coinbase defeats the purpose.