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Wouldn't that be more applicable to the GPU manufacturers? Coinbase is basically a bank.
by missedthecue 6y ago
Wouldn't that be more applicable to the GPU manufacturers? Coinbase is basically a bank.
- Cthulhu_ 6y agoThose too, but Coinbase will generate pretty constant revenue (depending on trading volume) while GPU manufacturers have the additional expense and risk of R&D, production and distribution. Not to diminish Coinbase's work of course, they're dealing with a ton of international regulation. Their trade is probably more a legal one than a software engineering one.
- justapassenger 6y agoMining is a small, niche part of crypto craziness. Real action is in trading.
- cco 6y ago"Sell shovels or be the bank that the miner sells their gold to" is a bit wordy, but yes, you're correct.