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Uh no. Coinbase is not and will not be a monopoly. It's impossible for them to get into a monopoly as long as government allows competition. There's hundreds of
by Geee 6y ago
Uh no. Coinbase is not and will not be a monopoly. It's impossible for them to get into a monopoly as long as government allows competition. There's hundreds of exchanges worldwide and there's very little moat in the business. If governments monopolized exchanges, it would still be possible to exchange from person to person.
- ckastner 6y agoI didn't say anything about a monopoly though.
- Geee 6y agoCentralization means single point of failure, which would happen in a monopoly situation. There's no single points of failure in Bitcoin. Private companies offering services on free markets don't diminish bitcoin's decentralization.
- Tenoke 6y agoIs the US government really allowing competition though? They've been pretty adamant at chasing away the much bigger and cheap Binance in favour of the local Coinbase.