3 ms·
To me, the Coinbase IPO was a major milestone in achieving critical mass, if you look through their numbers, it has already achieved pretty massive scale compar
by rawtxapp 5y ago
To me, the Coinbase IPO was a major milestone in achieving critical mass, if you look through their numbers, it has already achieved pretty massive scale compared to it's age. Jury is still out, but I'm confident the cat is more or less out of the bag.
- tablespoon 5y agoHowever, 1) Most people on Coinbase are speculators, and... 2) Coinbase follows government regulation ...so it's not really much of a step towards "[having] a real impact on the ability to collect taxes and control money transfers." I think Coinbase (and Robinhood) offer pretty good avenues towards... > And increased regulation can simply kill it by inches so there's no sudden cliff to drop off of that gets people too upset. ...by doing something like blocking bank transfers/credit card transactions to offshore exchanges and blocking cryptocurrency transfers to random addresses by most users from Coinbase/Robinhood. That would kneecap the ability to use cryptocurrency to bypass government regulations but still allow the average Joe to speculate.
- lottin 5y agoCoinbase is a centralised exchange, they can ban it right away, no?
- nly 5y agoAh Coinbase...where apparently you can't even exchange dollars for dollars (USD for USDC) without paying a hefty fee, and where I was only able to buy Tether and not USDC for...some reason.